How To Set Up A Wallet
Binance Smart Chain Edition
Information
Setting up and using a crypto wallet is easy, even though sometimes it might not look like it.
First, you need to know that there are multiple wallets available, you're going to have to pick one that suits your needs the most (or you can have all of them, we don't judge; the same seed phrase can be used simultaneously on multiple wallets).
This is gonna take a while, so let's not make it longer.
Wallets for different devices
Desktop:
For desktop we strongly recommend using MetaMask, and today's step-by-step guide for desktops is going to be based on it.
Mobile:
For mobile you got multiple choices, here are out favorites based on your OS.
Android: Trust Wallet iOS: SafePal
Step-by-Step Guides
Click on the tab of the step-by-step guide you wish to check out.
1) Go to the MetaMask website and click on "Download Now"
2) Click on "Install MetaMask for browser"
3) Click on "Add to browser"
Once installed it will take you to the page below, if it doesn't simply click on the extension icon and it will redirect you.
4) Click on "Get Started"
5) Click on "Create a Wallet"
6) Choose a password
7) Write the seed phrase on the screen on a piece of paper
8) Confirm your seed phrase
9) Congratulations, you now have your own external cryptocurrency wallet!
We are not done yet, so keep scrolling.
We now have to connect to Binance Smart Chain
10) Click on your wallet and click on the rectangle at top where it says "Ethereum Mainnet"
11) Click on "Custom RPC" at the bottom of the list
12) Input the Binance Smart Chain settings
Just copy-paste the ones below.
Network Name: Binance Smart Chain New RPC URL: https://bsc-dataseed.binance.org/ Chain ID: 56 (or 0x38, in case 56 doesn't work) Currency Symbol: BNB Block Explorer URL: https://bscscan.com/
13) That's it, you're done!
You should now be connected to Binance Smart Chain via your own external wallet!
Here are a few things to remember:
The tokens on BSC are BEP-20, so if you want to withdraw tokens to your wallet via an exchange, make sure you withdraw them as BEP-20.
Every transaction on Binance Smart Chain takes BNB as fees for the validators, the same way Ethereum takes ETH. Don't worry, it's cheap.
Sometimes your tokens might not appear in your wallet, that's because MetaMask did not detect them automatically. If that happens to you, just click on "Add Token" -> "Custom Token" and from here input the smart contract address of the token in the "Token Contract Address" tab. MetaMask should automatically pick the symbol and decimals. After that click "Next" -> "Add Tokens" and you're done!
Sometimes your BNB might appear as "ETH" in your MetaMask wallet and MetaMask might calculate the fees in dollars based on Ethereum's price. This is just a slight compatibility issue because BSC is not natively integrated on MetaMask. Don't worry, you're spending BNB not ETH.
That's about it, good luck!
Additional information
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