Binance Chain Wallet - How to Use Binance Chain Wallet

Binance Chain Wallet is a component of the Binance platform, and it is an exchange-based place for storing various cryptocurrencies. This platform allows users to send, receive, transfer and store different types of crypto. The Binance wallet mobile app is available on both Android and iOS devices, and the web browser version of this wallet is available on various operating systems such as Windows, Linux, Mac, etc. It generates Keystore and secret recovery phrases that help users to recover their account or password. If you want to access all the wallet features and start trading, you have to create a new wallet through the official website of Binance Wallet.

Follow These Steps To Create A New Binance Chain Wallet

● Firstly, visit the official website of Binance Chain Wallet on your trusted browser such as chrome and hit the "Enter" button.

● On your screen, you will see a wallet creation tutorial that gives you an instruction on how you can keep your wallet information secure.

● Read all the information carefully through this tutorial and click the "Next" button.

● After that, you have to create a "Password" for your Binance wallet. Make sure that this is unique, strong, and must contain at least eight words.

● Enter your password two times for confirmation.

● Check the "Terms And Conditions" box.

● Click the "Download KeyStore File" button. The KeyStore file is encrypted; if someone gains access to the file, they will still need your Binance wallet password for access.

● After downloading the file, you will see all the words of your private key. Write down all the words on paper and store them in a secure place.

● Once you note down all the words in the correct order, click the "Continue" button.

● After that, you will see two different screens, the first one asking you to confirm your order to write down all 24 words and the second screen asking you to confirm only three words.

● Enter all the "Recovery Phrase" words correctly and click the "Continue" wallet to complete the Binance wallet-creating process.

Follow These Steps to Login Into The Binance Chain Wallet

Binance Wallet offers four alternative methods for access or login. You can choose any process and login into your Binance wallet by following these steps:

Method 1: Mobile Wallet

● Visit the official site of Binance and click the "Connect Wallet" button; you will be automatically landed on the "Unlock Your Wallet" page.

● Select the "Mobile Wallet" on the left side.

● To log in, you must have an application that supports WalletConnect, such as trust wallet.

● Open any supported application and connect it to the wallet by scanning the QR Code.

● Once you scan the QR code, you will complete the Binance wallet login process.

Method 2: Ledger Device

● Go to the "Unlock Your Wallet" page after completing the registration process of the Binance Wallet.

● After that, install the "Binance Chain" application to the ledger via ledger live.

● Open the ledger by entering the "PIN Code."

● Open the Binance chain app, and you will see the "Binance Ready" option on your ledger device screen.

● Once you get this message, your Binance wallet will log in via the ledger drive.

Method 3: Keystore File

● Once you create your Binance Wallet, click the "Unlock The Wallet" button.

● Click the "Keystore File" radio button on the left side of your screen.

● After that, upload the "Keystore File" that you have downloaded.

● Enter the Binance wallet password that you created during the registration process.

● At last, click "Unlock Wallet Now" to access to Binance wallet.

Method 4: Recovery Phrase

● After creating a new Binance wallet, go to the "Unlock Your Wallet" page.

● Select the "Recovery Phrase" option on the left side.

● Click the "Recover A Keystore File" button.

● Select the "Phrase" that matches your Mnemonic phrase. The Mnemonic phrase is generated when you create a new Binance wallet.

● Enter the "Recovery Phrase Words" that you stored securely.

● At last, click the "Submit" button to finish the process.

Follow These Steps to Withdraw or Send Crypto on The Binance Wallet Using The Mobile App

● Open the mobile app of Binance chain wallet on your Android or iOS device.

● On the bottom right corner, select the "Wallets" option.

● Choose the "Withdraw" button and select the "Crypto" that you want to withdraw, such as Bitcoin and Ethereum.

● Enter the receiver's "Wallet Address" in the required box. The wallet address must contain a combination of letters and numbers.

● Enter the "Amount" of your crypto that you want to send.

● Click the "Withdraw" and "Send Code" buttons for verification.

● Binance wallet will send you a "Verification Code" on your registered mobile number.

● Enter the code in the required fields to complete the withdraw or send crypto procedure.

Follow These Steps to Receive Crypto on Binance Chain Wallet Using The Mobile App

● Open the Binance Wallet mobile app on your android/ios device.

● Go to the "Wallets" section from the bottom right side.

● Click on the "Deposit" button.

● Select the "Crypto" from the whole list that you want to deposit, such as bitcoin and Ethereum.

● Choose the "Network" that you want to send.

● When the senders send you crypto to your binane wallet address, it will be credited.

Follow These Steps to Transfer Crypto on Binance Wallet Using The Binance App

● Firstly, open the mobile app of Binance.

● Go to the "Wallets" tab at the bottom right side.

● Click on the "Transfer" option.

● Choose the "Wallet" that you want to "Transfer From" and the one that you want to "Transfer To," i.e., from spot wallet to funding.

● Select the "Crypto" and enter the "Amount" you want to transfer on Binance Wallet.

● Lastly, click the "Confirm Transfer" button to complete the process.

Conclusion

Binance Wallet offers a straightforward way to send, receive, transfer and store many types of cryptocurrency. In the above steps, you will find elementary steps to deposit, withdraw or transfer crypto on your Binance wallet using the Binance mobile app. But before starting the trading process, you have to create your wallet and unlock your wallet for login. The above section will also provide four methods to access on Binance Wallet, such as Keystore file, recovery phrase, etc.