To get started, the first step is to set up a wallet that supports the BNB Smart Chain (BSC). You can choose from a variety of wallets available for both desktop and mobile devices. Select the one that best meets your needs and preferences.
When you're setting up a wallet, be sure to:
✅ Download and install only the latest version from an official source.
✅ Follow the setup guide carefully and thoroughly.
✅ Back up your recovery phrases securely in a safe place.
❌ Never share your recovery phrases with anyone, under any circumstances.
❌ Never enter your recovery phrase on any website or app other than your official wallet application.
Smartphone/Mobile or Desktop wallet?
Mobile and desktop wallets each offer unique benefits and limitations. To choose the best wallet for your needs, consider the strengths and weaknesses of each type:
Mobile Wallets: Convenient for on-the-go access and transactions.
Desktop Wallets: Generally offer more robust security features and a larger interface.
Assess your priorities and usage habits to determine which wallet type suits you best.
Mobile
Desktop
Use anywhere
✅
➖
Easy to use
✅
➖
More secure
➖
✅
Accessibility friendly
➖
✅
Damage/loss/theft resistant
➖
✅
Power/connection outage resistant
✅
➖
Smartphone/Mobile wallets
Smartphone/Mobile wallets allow you to access your crypto almost anywhere. Wallets are available on both Android and iOS devices.
Which mobile wallet should I choose?
This comparison table gives an overview of the most popular mobile wallets used with Araracoin
MetaMask
Coinbase Wallet
SafePal
Trust Wallet
Token Pocket
BNB Smart Chain support
⚠️
✅
✅
✅
✅
Built-in DApp browser
➖
✅
✅
✅
✅
Hardware wallet compatible
✅
✅
🔶
➖
➖
Open source (auditability)
✅
✅
➖
✅
✅
Interact with BscScan Directly
(for advanced users!)
✅
➖
➖
➖
➖
⚠️ Requires some setup
🔶Only supports SafePal hardware wallet
You can find more in-depth information about each wallet below, as well as download links and installation guides.
MetaMask is a very popular browser-based wallet plugin that supports ERC20 (Ethereum network) and BEP2 & BEP20 (Binance Chain and BNB Smart Chain networks).
Pros:
Open source for auditability
WEB3 capable on BscScan
A strong history of security and reliability
A large amount of how-to guides and resources online
Many tools and custom settings
Offers ETH purchases with Transak
Supports a very large number of languages
Is also available a browser plugin for desktop devices
Cons:
Longer setup time than other options
Additional steps needed to use with BNB Smart Chain
Extra information and settings may confuse beginners
Millions of users choose Coinbase Wallet to earn yield with DeFi, swap over 5,500 assets, and securely hold their NFT collections. Coinbase Wallet supports both BEP2 and BEP20 networks (Binance Chain and BNB Smart Chain).
Highlights:
Most Popular Mobile DApp Wallet in the U.S.: With over 12 million active users, Coinbase Wallet is the top choice.
Seamless BNB Smart Chain Integration: No extra setup required to use BNB Smart Chain.
Massive User Base: Potential to onboard up to 89 million Coinbase app users as they begin exploring web3.
Easy Asset Transfers: Effortlessly transfer assets from the Coinbase retail app to your wallet.
Fiat On-Ramp: Purchase crypto directly with fiat in all 86 countries where Coinbase operates, without leaving the wallet.
Industry-Leading Security: Secure cloud backup ensures your assets are protected.
Coinbase Wallet is a self-custody wallet providing software services subject to Coinbase Wallet Terms of Service and Privacy Policy. Coinbase Wallet is distinct from Coinbase.com, and private keys for Coinbase Wallet are stored directly by the user and not by Coinbase. Fees may apply. You do not need a Coinbase.com account to use Coinbase Wallet.
SafePal is available as both a software and hardware wallet. The wallet is easy to install and create, and comes ready to support BEP2 (BNB Beacon Chain) and BEP20 (BNB Smart Chain) right away.
Pros:
Multi-Network Support: Easily switch between various cryptocurrency networks.
Built-In Security: Includes Google Authenticator for added protection.
Extensive Language Support: Available in a wide range of languages.
Simple Setup: The setup process is straightforward and user-friendly.
Versatile Options: Available as both a software and hardware wallet that work seamlessly together.
NFT Compatibility: Supports NFTs on both BSC (BNB Smart Chain) and ETH (Ethereum) networks.
Cons:
Limited Open Source: Not fully open source, which may limit transparency.
No Notifications: Does not provide user notifications for transactions or updates.
Initial Security Concerns: Does not enforce strong security measures during the initial setup and wallet creation.
Token Pocket is a comprehensive cryptocurrency management app that natively supports a wide range of cryptocurrency networks and is also available as a desktop application.
Pros:
Open Source: Ensures transparency and allows for auditability.
Multi-Network Support: Easily switch between various cryptocurrency networks.
Pre-Configured Networks: Many networks are supported by default.
User-Friendly Interface: Offers a less cluttered experience compared to browser plugin wallets.
Desktop Availability: Also available as desktop software for added convenience.
Cons:
Limited Language Support: Only available in Chinese and English.
Translation Issues: Some parts of the English translation may be unclear.
Fewer Resources: Has fewer online resources compared to more established wallets.
Automatic Device Detection: Your device will be automatically detected. Tap the Google Play or App Store button to install the Token Pocket app.
Open Token Pocket: After installation, open the app. You'll see an option to either create a new wallet or import an existing one. Tap "No accounts, Create Now."
If you have an existing wallet to import, select the top option instead.
Select Network: On the next page, find and tap "BNB Smart Chain."
Create Wallet: On the “Create way” page, tap "Create Wallet."
Set a Password: Enter a strong password for security. You can also add a hint, but make sure it’s something only you can understand. When ready, tap "Create Wallet."
Done! Your wallet is now set up.
Transferring Your Private Key from Mobile to Desktop:
Token Pocket allows you to manage your wallet across both desktop and mobile. Here's how to transfer your private key from your mobile wallet to your desktop wallet:
Please be extremely careful with how you handle your private keys. Giving your private keys to someone will give them full access to your coins! Token Pocket is an open source project and will use your private key to import your wallet. Even so, only use your private key with applications you trust and can verify are legitimate!
Tap the Me tab on the bottom ribbon and tap Manage Wallets.
On the next page, tap the BNB Smart Chain entry. Be careful not to tap the address part, or you’ll only copy that to clipboard instead.
When the menu appears, find and tap the Export Private Key option. Type in your password to get your private key.
**NEVER, in any situation, should you ever give someone your private key or recovery phrase ("seed phrase"). This will give someone complete access to your crypto!
The genuine Araracoin site and staff will never ask you to input your seed phrase.**
Now you have your private key ready to import your wallet into the desktop version of Token Pocket.
Desktop/Web Browser wallets
Desktop wallets are software applications that you can install on your home computer or laptop. They can function as standalone applications or as web browser extensions for popular browsers like Chrome and Firefox.
Which desktop wallet should I choose?
This comparison table gives an overview of the most popular desktop wallets.
MetaMask
Trust Wallet
Binance Wallet
Coinbase Wallet
Token Pocket
BNB Smart Chain support
⚠️
✅
✅
✅
⚠️
Built-in DApp browser
➖
✅
➖
➖
✅
Hardware wallet compatible
✅
✅ (Beta)
✅
✅
➖
Open source (auditability)
✅
✅
✅
✅
✅
Interact with BscScan Directly
(for advanced users!)
✅
✅
➖
➖
➖
⚠️ Requires additional setup
You can find more in-depth information about each wallet below, as well as download links and installation guides.
MetaMask is a very popular browser-based wallet plugin that supports ERC20 (Ethereum network) and BEP2 & BEP20 (Binance Chain and BNB Smart Chain networks).
Pros:
Open source for auditability
WEB3 capable on BscScan
A strong history of security and reliability
A large amount of how-to guides and resources online
Many tools and custom settings
Offers ETH purchases with Transak
Supports a very large number of languages
Is also available a browser plugin for desktop devices
Cons:
Longer setup time than other options
Additional steps needed to use with BNB Smart Chain
Extra information and settings may confuse beginners
Binance Wallet is a browser extension that natively supports the Binance Chain (BEP2) and BNB Smart Chain (BEP20) networks. Developed by the Binance cryptocurrency exchange, it offers a seamless and secure way to manage your crypto assets.
Pros:
Open Source: Ensures transparency and allows for independent audits.
Backed by Binance: Developed and supported by the Binance cryptocurrency exchange.
Convenient Account Linking: Can be directly linked to a Binance or Gmail account.
User-Friendly: Offers a streamlined and intuitive user experience.
BNB Smart Chain Support: Comes pre-configured to support BNB Smart Chain, simplifying the use of decentralized applications.
Extensive Language Support: Available in multiple languages.
Hardware Wallet Compatibility: Compatible with hardware wallets for enhanced security.
Cons:
Limited Customization: Lacks some of the advanced custom settings found in other wallets.
Fewer Tools: Some actions available in other wallets may not be possible due to the lack of additional tools.
Limited Resources: Has fewer online resources and community support compared to more established wallets.
Millions of users choose Coinbase Wallet to earn yield with DeFi, swap over 5,500 assets, and securely hold their NFT collections. Coinbase Wallet supports both BEP2 and BEP20 networks (Binance Chain and BNB Smart Chain).
Highlights:
Most Popular Mobile DApp Wallet in the U.S.: With over 12 million active users, Coinbase Wallet is the top choice.
Seamless BNB Smart Chain Integration: No extra setup required to use BNB Smart Chain.
Massive User Base: Potential to onboard up to 89 million Coinbase app users as they begin exploring web3.
Easy Asset Transfers: Effortlessly transfer assets from the Coinbase retail app to your wallet.
Fiat On-Ramp: Purchase crypto directly with fiat in all 86 countries where Coinbase operates, without leaving the wallet.
Industry-Leading Security: Secure cloud backup ensures your assets are protected.
Coinbase Wallet is a self-custody wallet providing software services subject to Coinbase Wallet Terms of Service and Privacy Policy. Coinbase Wallet is distinct from Coinbase.com, and private keys for Coinbase Wallet are stored directly by the user and not by Coinbase. Fees may apply. You do not need a Coinbase.com account to use Coinbase Wallet.
Token Pocket is a comprehensive cryptocurrency management app that natively supports a wide range of cryptocurrency networks and is also available as a desktop application.
Pros:
Open Source: Ensures transparency and allows for auditability.
Multi-Network Support: Easily switch between various cryptocurrency networks.
Pre-Configured Networks: Many networks are supported by default.
User-Friendly Interface: Offers a less cluttered experience compared to browser plugin wallets.
Desktop Availability: Also available as desktop software for added convenience.
Cons:
Limited Language Support: Only available in Chinese and English.
Translation Issues: Some parts of the English translation may be unclear.
Fewer Resources: Has fewer online resources compared to more established wallets.
Automatic Device Detection: Your device will be automatically detected. Tap the Google Play or App Store button to install the Token Pocket app.
Open Token Pocket: After installation, open the app. You'll see an option to either create a new wallet or import an existing one. Tap "No accounts, Create Now."
If you have an existing wallet to import, select the top option instead.
Select Network: On the next page, find and tap "BNB Smart Chain."
Create Wallet: On the “Create way” page, tap "Create Wallet."
Set a Password: Enter a strong password for security. You can also add a hint, but make sure it’s something only you can understand. When ready, tap "Create Wallet."
Done! Your wallet is now set up.
Transferring Your Private Key from Mobile to Desktop:
Token Pocket allows you to manage your wallet across both desktop and mobile. Here's how to transfer your private key from your mobile wallet to your desktop wallet:
Please be extremely careful with how you handle your private keys. Giving your private keys to someone will give them full access to your coins! Token Pocket is an open source project and will use your private key to import your wallet. Even so, only use your private key with applications you trust and can verify are legitimate!
Tap the Me tab on the bottom ribbon and tap Manage Wallets.
On the next page, tap the BNB Smart Chain entry. Be careful not to tap the address part, or you’ll only copy that to clipboard instead.
When the menu appears, find and tap the Export Private Key option. Type in your password to get your private key.
Now you have your private key ready to import your wallet into the desktop version of Token Pocket.
**NEVER, in any situation, should you ever give someone your private key or recovery phrase ("seed phrase"). This will give someone complete access to your crypto!
The genuine Araracoin site and staff will never ask you to input your seed phrase.**
