Binance Extension Wallet FAQs | BNB Chain Documentation (2024)

How can I download Binance Extension Wallet (BEW)?

Chrome App Store Link: https://chrome.google.com/webstore/detail/binance-chain-wallet/fhbohimaelbohpjbbldcngcnapndodjp

Firefox App Store Link: https://addons.mozilla.org/en-US/firefox/addon/binance-chain/?src=search

Install Binance Extension Wallet

info

This is an example to install BNB Chain Extension Waller on Firefox browser. However, workflow is same for all browsers.

  1. Open Extension in Firefox: https://addons.mozilla.org/en-US/firefox/addon/binance-chain/?src=search

  2. Search for BNB ChainBinance Extension Wallet FAQs | BNB Chain Documentation (1)

:::warnMake sure it’s offered by BNB Chain:::

  1. Click on “Add to Firefox”Binance Extension Wallet FAQs | BNB Chain Documentation (2)

That’s it! You have successfully installed the BNB Chain Wallet extension in Firefox!

Binance Wallet Mobile: Binance Mobile is a secure and trusted multi-chain wallet. It is your one-stop gateway to store, exchange and earn crypto.

How to stay safe

Wallets are a bit of a shift in thinking. Financial freedom and the ability to access and use funds anywhere comes with a bit of responsibility – there’s no customer support in crypto.

Take responsibility for your own funds

Centralized exchanges will link your wallet to a username and password that you can recover in a traditional way. Just remember you’re trusting that exchange with custody over your funds. If that company is attacked or folds, your funds are at risk.

Write down your seed phrase

Wallets will often give you a seed phrase that you must write down somewhere safe. This is the only way you’ll be able to recover your wallet.

Here's an example:

there aeroplane curve vent formation doge possible product distinct under spirit lamp

Don’t store it on a computer. Write it down and keep it safe.

Do Your Own Research

If you use a web wallet, bookmark the site to protect yourself against phishing scams.

Remember transactions can’t be reversed and wallets can’t be easily recovered so take care.

Tokens not visible after withdrawing from Binance

Many users who interact with a centralized exchange like Binance eventually want to withdraw to a wallet that they fully control, like MetaMask. So once you've used their withdraw form, what could be scarier than not seeing your tokens?

First, you'll need to use the MetaMask add Custom Network feature to add the BNB Beacon Chain or BNB Smart Chain's RPC URLs endpoints to your MetaMask.

Once you've added the BNB Beacon Chain or the BNB Smart Chain to your MetaMask, you will be able to select different networks to view the assets (you may need to add Custom Tokens too) held by your selected account on that network.

How Much BNB You Need To Send Tokens

if you try to send tokens without having any BNB in your account you will be told you have insufficient funds. This means you do not have enough BNB in your account to cover the cost of gas. Each transaction (including token and contract transactions) require gas and that gas is paid in BNB. You can think of this like a transaction fee.

You can remedy this by sending 0.001 BNB to that account in order to be able to make the transaction.

A standard Ether transfer TX will be 21000 gas & a gas price of 15 Gwei.With tokens, the amount of gas is typically gas, so the total TX fee increases to 0.002 BNB - 0.003 BNB.

Current Gas Price

curl --location --request POST 'https://bsc-dataseed2.bnbchain.org' \
--header 'Content-Type: application/json' \
--data-raw '{"jsonrpc":"2.0", "id":1, "method":"eth_gasPrice", "params": []}'

How to Reveal Your Seed Phrase

When dealing with cryptocurrencies or crypto assets like BNB or BUSD, it is important to always be aware of and have your private keys, seed phrases and passwords backed up in case the unexpected occurs.

What do i do if i lost/forgot my Seed Phrase?

  1. Seed phrase is only made known to user directly. In the event that is lost, there is no way of recovering it.

    • We do advice to user to safeguard their seed phrase and do not share with anyone.

    • If you login from public/shared computer or laptop, please make sure to "Lock" the wallet before walking off.

  2. There are multiple login options made available to user : do leverage these options as well.

    a. Safulet

    b. tKey

  3. Recovering of seed phrase is possible only if you are able to login to your account.

    • Login to your account.

    • Access account details on the top right corner.

    • Click on "Settings".

    • View "Seed Phrase".

Important Note: Keeping your seed phrases safe is of paramount importance. If they are stolen or lost, your assets cannot be recovered.

Backing Up When Installing

When you create a new Binance Extension Wallet account, you are given your 12 word seed phrase is the most important bit of information for you to record and keep safe when managing your extension account.

You can write your seed phrase down on a piece of paper, store it on a flash drive or we also make it optional to download a file containing this information.

Binance Extension Wallet FAQs | BNB Chain Documentation (3)

Backing Up After You Install Binance Extension Wallet

If for some reason you forgot to record your 12 word seed phrase or you lost the original copy, you can reveal your seed phrase so you can back it up again.

Select Dropdown Menu (on top-right corner) --> Manage Accounts

Binance Extension Wallet FAQs | BNB Chain Documentation (4)

click on Download button

Binance Extension Wallet FAQs | BNB Chain Documentation (5)

Enter your password to reveal your seed words.

Binance Extension Wallet FAQs | BNB Chain Documentation (6)

How to Reset My Password or Import an Account

When resetting your password for your Binance Extension wallet, you will need your 12 or 24 word seed phrase. If you do not already have your seed phrase saved someplace safe, please make sure to read How to Reveal Your Seed Phrase.

Before trying these steps, confirm that you have your seed phrase with you as you will not be able to reset your password otherwise and will risk becoming locked out of your wallet.

  1. If your wallet is currently unlocked, please lock your wallet first.
  2. Click Import Import seed phrase

Binance Extension Wallet FAQs | BNB Chain Documentation (7)

  1. Enter your seed phrase in the "Seed Phrase" text box
  2. Enter your new password
  3. Retype your password to confirm it was written correctly
  4. Click Reset

Binance Extension Wallet FAQs | BNB Chain Documentation (8)

Which network does BEW support?

  • BNB Beacon Chain (BEP2)
  • BNB Smart Chain (BEP20)
  • Ethereum (ERC20)

Why my Tokens are not visible?

!!! Note : By default each wallet/network will shows the the main token they support. You will need to add additional token to your list.

For Binance Extension Wallet usersYou'll need to switch to BNB Beacon Chain Mainnet (BC) mainnet or BNB Smart Chain (BSC) mainnet

Once you've added the asset to your wallet, you will be able to select different networks to view the assets held by your selected account on that network.

For Metamask wallet users

You'll need to add BNB Smart Chain (BSC) mainnet network, refer here for more details.

Then add tokens manually: https://docs.yearn.finance/how-to-guides/how-to-add-a-custom-token-to-metamask

How much BNB you need for sending tokens?

A standard Ether transfer TX will be 21000 gas & a gas price of 5 GWEI. With tokens, the amount of gas is typically gas, so the total TX fee increases to 0.0005 BNB - 0.0007 BNB.

if you try to send tokens without having any BNB in your account you will be told you have insufficient funds. This means you do not have enough BNB in your account to cover the cost of gas. Each transaction (including token and contract transactions) require gas and that gas is paid in BNB. You can think of this like a transaction fee.

You can remedy this by sending 0.001 BNB to that account in order to be able to make the transaction.

How to Recover Crypto Transferred to the Wrong Network on Binance?

Please read this article

Extension Wallet Update: Chrome

It is crucial that you always have the latest wallet version installed. If you know that a new version of an extension is out but Chrome hasn’t updated it, here’s how to do it manually.

  1. Start Google Chrome.

  2. Click the vertical ellipsis icon on the browser toolbar.

  3. Click on "Extensions" -> "Manage Extensions".

  4. Click the Developer Mode button on the right side of the header

  5. From there, you should see the “Update” button below the search bar. Click on it to update the extensions.

Extension Wallet Update : Firefox

It is crucial that you have the latest version installed.

  1. Click the menu button, click "Add-ons and Themes" and select "Extensions".

  2. Click the gear icon in the upper-right area of the Extensions panel.

  3. Choose one of the options below:

    • Check for Updates: Allows you to check for any updates to your add-ons manually. If there is an update available, you have the option to choose to update it now or later.
    • View Recent Updates: When you click this option, a Recent Updates panel appears on the left, showing your last updated add-ons.
    • Update Add-ons Automatically: If you want to keep your add-ons up to date, select this option to let them update automatically.
    • Reset All Add-ons to Update Automatically: If any add-ons have been set to update manually, clicking this option will reset all add-ons to update automatically.

Why are Tokens not visible after withdrawing from Binance?

Many users who interact with a centralized exchange like Binance eventually want to withdraw to a wallet that they fully control, like Binance Extension wallet or MetaMask. So once you've used their withdrawal form, what could be scarier than not seeing your tokens?

First, you'll need to use BNB Beacon Chain Mainnet (BC) mainnet or BNB Smart Chain (BSC) mainnet

Once you've added the asset to your wallet, you will be able to select different networks to view the assets held by your selected account on that network.

Can I use Extension wallet for Binance DEX

No, you cannot now. The support will be added in future release.

How to Recover funds send to Ethereum network

If the fund is sent to one of your existing accounts, please

  • Switch to Ethereum network
  • Add your asset
  • Then you should see your tokens in asset list.

If it's sent to accounts in a different wallet, please

  • Export seed phrase of this account
  • Recover your account in Binance Extension Wallet
  • Switch to Ethereum network
  • Add your asset
  • Then you should see your tokens in asset list.

Why should I use Wallet Direct?

  • Seamless Token Transfer: Transfer tokens (which support BNB Beacon Chain, BNB Smart Chain and Ethereum) between paired Binance.com account and Binance Extension Wallet. Without the trouble of copy/paste address and memo every time

  • BNB Holding: The BNB positions of your Binance.com account will not change.

Common issues with Ledger Account

  1. Wallet direct does not support Ledger account at the moment.

  2. Binance DEX still supports Ledger. However, it is recommended to use BEW if you encounter issues when using Ledger.

  • Install our BEW extension on your browser and login with your BEW wallet account.

  • Import ledger to your BEW account.

  • Use BEW for your transactions.

  1. Alternatively, you can also reach out to Ledger for support via https://support.ledger.com/hc/en-us/categories/4404369571601-Support?support=true .

How can dApp connect with BEW?

Please read this doc: https://binance-wallet.gitbook.io/binance-chain-wallet/bew-guides/dapp-interaction

How to get support about technical issue on full node?

Join our node support discord channel

Binance Extension Wallet FAQs | BNB Chain Documentation (2024)

FAQs

Is Binance extension wallet safe? ›

Binance is often considered one of the safest exchanges in the world if you consider the level of security. If the exchange crashed or a hacker stole assets or funds, the SAFU reimburses its users from the $1 billion fund. Not every platform has an insurance fund in place.

What is Binance Smart Chain wallet extension? ›

What is it? ​ Binance Extension Wallet is a crypto Wallet for BNB Beacon Chain and BNB Smart Chain. You can send and receive funds on BNB Beacon Chain, BNB Smart Chain and cross-chain transfers between both of BNB Chain's blockchains.

How do I add Binance Smart Chain to MetaMask extension? ›

To manually add BSC to MetaMask, open the MetaMask extension, click on the Network dropdown menu and select “Add Network”. Next enter the network details for BSC, including Network name, RPC URL, Chain ID, Currency, and BSC's block explorer.

What is the difference between Binance Chain and Binance Smart Chain? ›

Binance Smart Chain (BSC) serves as a blockchain platform designed for various applications, including decentralized finance (DeFi) and non-fungible tokens (NFTs). It operates as a parallel blockchain to Binance Chain (BC) and is EVM-compatible, allowing it to support Ethereum-based smart contracts.

Which wallet extension is better Binance or MetaMask? ›

Binance Web3 Wallet: Offers good security but is more centralized due to its association with Binance. MetaMask: Provides users with more control and ownership of their private keys. You have to be careful to keep your seed phrase secure.

Is Binance 100% safe? ›

Bottom line: Is it safe to use Binance? Binance is generally considered one of the safest cryptocurrency exchanges available. It has implemented extensive security measures, including two-factor authentication (2FA) and offline storage facilities. That said, Binance has had a few security breaches in the past.

Why do I need a Binance Chain wallet? ›

With the wallet, you will be able to receive and send BEP20 tokens. The wallet also allows you to interact with DApps and DeFi protocols on BSC and Ethereum Blockchains. You can sign Smart Contracts and also confirm transactions on the blockchain with the wallet.

How to use Binance wallet extension? ›

If you already have some BNB in your Binance spot wallet, you can connect your account with your Binance Wallet using the [Wallet Direct] feature.
  1. Click the small icon on the BNB Wallet, and then click [Wallet Direct].
  2. Log in to your Binance account and click [Verify and connect my address].
Nov 4, 2022

How do I withdraw from Binance Smart Chain wallet? ›

How to Withdraw Cryptocurrencies from Binance
  1. Log in to Binance: Access your Binance account.
  2. Go to Wallet: From the menu, select “Wallet.”
  3. Click on “Withdraw”: Select “Withdraw” from the menu.

What is my Binance Smart Chain address? ›

After creating a wallet, click [Smart Chain] - [Receive] to find your BSC address. You can tap on the QR code to copy the address or click [Share] to share your address. 3. To see your Binance NFTs, click [Collectibles].

Is the BNB chain the same as the BNB smart chain? ›

BNB Smart Chain is itself part of the BNB Chain ecosystem of blockchains, which consists of BNB Beacon Chain (the staking and governance layer), BNB Smart Chain (the smart contract execution layer), ZkBNB (a zero-knowledge proof rollup for scaling), and BNB Greenfield (a decentralized data storage platform).

What are the downsides of Binance Smart Chain? ›

Shortcomings of Binance Smart Chain

Transactions are handled by 21 validators who are re-elected daily. Becoming a node operator or validator is difficult. The former requires a minimum of 500 GB of disk space, the latter requires staking a minimum of 10,000 BNB, worth nearly $5 million at current exchange rates.

What is another name for Binance Smart Chain? ›

BSC -> BNB Chain

Binance rebranded BSC as the BNB Chain in February 2022. For most users, the change does not result in any difference. In this article, we'll continue to use the initialism BSC — reflecting its continued widespread usage. For more information on the change, see the Binance announcement.

What happened to Binance Smart Chain? ›

To help combat the drop in usage, Binance has announced that BSC is going to transition into a new blockchain network called BNB Chain. Being an EVM-compatible chain, BSC will continue to take center stage, but will now be supported with application-specific sidechains – similar to Avalanche and Polkadot.

Should I keep my crypto in Binance wallet? ›

Binance Wallet (Trust Wallet) is safe to store cryptocurrencies. Do not leave your funds on Binance Exchange. Download Binance Wallet which is called Trust Wallet and store your coins in this wallet. With Trust Wallet you can buy and sell cryptocurrencies which are available on Binance Dex.

Is MetaMask wallet extension safe? ›

Yes, MetaMask is considered safe for storing cryptocurrencies. It employs encryption and offers users control over their private keys, making it a secure option. However, users must still follow best security practices to protect their assets.

Is Binance Web3 Wallet safe? ›

Security is paramount in the world of digital assets. Binance Web3 Wallet employs innovative security measures such as multi-party computation (MPC) to enhance the safety of users' funds.

What will happen if Binance shuts down? ›

Depending on the reason for the shutdown, Binance could face legal actions, asset freezes, or hacking attempts that could jeopardize the security and availability of the funds. Users who store their crypto assets on Binance would risk losing their money or having to wait for a long time to get it back.

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