Securely Store Your Binance Smart Chain

What is Binance Smart Chain?

Binance Smart Chain (BSC) is a blockchain platform developed in 2020 in order to provide faster transactions with other expanded capabilities. It utilizes a combination of the Proof-of-Stake and Proof-of-Authority models in its algorithm.

BSC and Binance Chain are totally separate blockchains, but designed to function parallel to each other. This design allows benefits of both blockchain to create a more efficient service. They are also compatible with the Ethereum Virtual Machine.

BSC allows for Dapps to be taken from other blockchains and developed there by way of smart contracts. This makes it extremely valuable for investors as well as developers of all Dapps.

How to create Binance Smart Chain wallet?

Creating Binance Smart Chain wallet with Coin Wallet is fast and hassle-free. You can do it from your computer or mobile device without providing any personal information.

The process is simple:

1. Select “Create new wallet”.
2. You will be given a unique passphrase. This is your only way to access your wallet. This information cannot be retrieved if lost, so it is essential to record it in a secure place.
3. Set a PIN for quick access on your device.
4. From here, you’re ready to send, receive and exchange Binance Smart Chain with the app. You can buy Binance Smart Chain with a credit/debit card, Google Pay, Apple Pay, or exchange with your existing crypto.