In the world of crypto, it’s hard to find someone who hasn’t heard of Binance - the largest crypto exchange by trading volume, trusted by over 260 million users. But Binance is more than just a place to trade. At the core of its system is BNB Chain - a powerful ecosystem with a market cap of over $80 billion. It was originally called Binance Smart Chain, but later renamed to BNB Chain to better reflect its role in the broader BNB network. It’s not just a blockchain - it’s the backbone for decentralized apps, DeFi platforms, NFTs, and Web3 services, with BNB as the native currency. The entire system is built around BNB, where technology meets purpose, and every user becomes part of something bigger.
BNB - The Heart Of The Binance Ecosystem
BNB is not just a token - it’s the native asset of the entire Binance ecosystem. It’s used to pay fees, vote on proposals, stake, earn rewards, and make purchases in DApps.
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Total Supply: Originally, 200 million BNB were created, but thanks to a regular burn mechanism, the total supply is gradually decreasing, making the token more scarce and potentially more valuable.
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Circulating Supply: As of April 2025, about 142.47 million BNB are in circulation. This number keeps changing, showing the active nature of the network. BNB is more than just a utility token - it’s the fuel for a decentralized future.
Number of Unique Addresses on BNB Smart Chain. Source: bscscan.com
What Is BNB Chain Wallet?
A BNB Chain Wallet is a crypto wallet that lets you fully interact with tokens on the BNB Chain network, including BNB and other tokens on the network. A BNB Chain Wallet can be mobile, browser-based, desktop, or even hardware - depending on what works best for you. It allows you to easily send and receive BNB, manage your tokens, connect to decentralized apps (DApps), and access DeFi features directly from the wallet. It’s your essential tool for using BNB Chain - from everyday transactions with BNB tokens to staking, swapping, and trading them.
What Is BNB Chain Wallet Used For?
If you really want to make the most of the BNB Chain network - sending BNB to friends, receiving payments, joining DeFi, or working with tokens - take a look at the BNB Chain Wallet. It makes it easy to manage both BNB and BEP-20 tokens, from stablecoins like USDT to meme coins and NFTs. Want to swap BNB in just a few clicks? No problem. Interested in staking to support the network and earn rewards instead of just holding your BNB? It’s all built in. BNB Chain Wallet puts everything you need in one place - and it actually works.
BEP20 Tokens: What Are They?
BEP20 is a token standard used on the BNB Smart Chain, which is part of the BNB Chain ecosystem. It’s similar to the ERC20 standard used on Ethereum. Most tokens in the BNB Chain Wallet are built on BEP20 and are often called BSC tokens. This standard covers many types of assets - from stablecoins to meme coins - and makes it easy to manage BEP20 tokens directly in the wallet: send, receive, swap, and use them in decentralized apps. There are already over 4.6 million BEP20 tokens. Some of the most well-known include:
Stablecoins: The Foundation of Stability
Among BEP20 tokens, stablecoins hold a special place - these are assets linked to fiat currencies at a 1:1 ratio, like the US dollar. In BNB Chain Wallet, stablecoins are easy to store, swap, and send. The most popular stablecoin on the network is USDT BEP20 - held by over 27 million users, showing its wide adoption and strong reliability.
Keep in mind: You’ll need a small amount of BNB in your wallet to pay network fees when sending BEP20 tokens.
Meme Coins on the BNB Smart Chain
Memecoins are cryptocurrencies that started as jokes or internet culture trends, but over time became popular assets with real market value. They are widely used in online communities, trading, NFT games, and airdrops. One of the most well-known memecoins in the BEP20 format is Dogecoin (DOGE). With BNB Chain Wallet, you can easily swap DOGE and use it in gaming and entertainment projects on the BNB Smart Chain.
NFTs on BNB Chain
BNB Chain fully supports NFTs. More than 42 million unique addresses have interacted with NFTs on the network, showing strong user activity and interest. With BNB Chain Wallet, you can store, send, and use NFTs directly from the interface - it’s simple and doesn’t require any third parties.
Access to Decentralized Exchanges (DEX)
BNB Chain Wallet gives you easy access to decentralized exchanges (DEX), where you can swap BNB directly - with no middlemen and full control over your actions. One of the most popular and trusted platforms is PancakeSwap - the leading DEX on BNB Smart Chain. It’s more than just a swap service - it’s a full DeFi platform with its own token, CAKE. On BSC, PancakeSwap sees around $246.15 million in daily trading volume and holds over $371.88 million in total value locked (TVL). These numbers show strong activity and a high level of trust from users.
Source: pancakeswap.finance
BNB Staking
BNB Chain supports staking - an easy way to earn passive income while helping keep the network stable and secure. In BNB Chain Wallet, staking is simple: just open the Stake section and follow the steps. The wallet shows you the options, rewards, and details automatically. It’s easy to understand, even if you’re new to staking.
BNB Swaps
With just a few clicks, you can swap BNB or other BEP20 tokens for any asset you need - and back again. Everything happens right inside the BNB Chain Wallet, with no extra sign-ups or third-party tools required.
Note: Make sure you have a small amount of BNB in your wallet to cover gas fees for transactions.
BNB Swap. Source: Gem Wallet
How To Create A BNB Chain Wallet
To use all the features of the BNB Chain, you need a secure wallet. Follow these easy steps to get started:
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Download The BNB Chain Wallet: The BNB Chain Wallet app is available on the App Store and Google Play - always check that it’s published by a trusted developer.
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Set Up BNB Chain Wallet: Open the app and follow the instructions on the screen. Pay close attention to the security steps.
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Save the Recovery Phrase: You’ll be given a recovery phrase (also called a seed phrase). Write it down on paper and keep it somewhere safe. Do not take a screenshot or store it online - this is the only way to recover your wallet if you lose your phone or forget your password.
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Create a Strong Password: Set a strong password. You’ll use it to log in to the app and confirm transactions. Use a mix of letters, numbers, and symbols for extra security.
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Get a BNB Chain Address: The app will automatically generate a BNB Chain address. You can use it to receive BNB and any BEP20 tokens on the network.
Create BNB Chain Wallet, Manage BNB, and Receive BNB. Source: Gem Wallet
Welcome to the world of BNB Chain! Your wallet is all set and ready to use. To get started, simply add BNB to your balance. You can transfer BNB from an exchange, receive it from someone you trust - or choose the easiest way: purchase BNB directly in the wallet using your credit card. It’s quick, secure, and takes just a few taps. Now you’ve got a powerful and reliable tool for managing tokens, exploring DApps, and unlocking everything the BNB Chain has to offer. Let the journey begin!
