Create a Wallet

To get started on CryptoSwap, the first thing you'll first need to set up a wallet that supports BNB Smart Chain (BSC). Wallets are available for both desktop computers and smartphone devices. Choose the wallet that fits your needs best.

āœ… Download and install only the latest version from an official source.

āœ… Follow the setup guide carefully.

āœ… Safely back up your recovery phrases.

āŒ NEVER share your recovery phrases with anyone, under any circumstances.

āŒ NEVER input your recovery phrase to a website or app, other than your wallet app.

Smartphone/Mobile or Desktop wallet?

Mobile device wallets and desktop-based wallets have different strengths and weaknesses. Consider which fits your needs better to help decide which type of wallet to use.

FeatureMobileDesktop

Use anywhere

āœ…

āž–

Easy to use

āœ…

āž–

More secure

āž–

āœ…

Accessibility friendly

āž–

āœ…

Damage/loss/theft resistant

āž–

āœ…

Power/connection outage resistant

āœ…

āž–

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 CryptoSwap.

FeatureMetamaskSafepal

BNB Smart Chain support

āš ļø

āœ…

Built-in DApp browser

āœ… (iOS may need to add manually)

āœ…

Hardware wallet compatible

āœ…

šŸ”¶

Open source (auditability)

āœ…

āž–

Interact with BscScan

(for advanced users!)

āœ…

āž–

āš ļø Requires some setup šŸ”¶ 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 and CryptoSwap

  • Extra information and settings may confuse beginners

SafePal is available as both a software and hardware wallet. The wallet is easy to install and create, and comes ready to support BEP2 (Binance Chain) and BEP20 (BNB Smart Chain) right away.

Pros:

  • Easily switch between several crypto networks

  • Offers 25% fee discount paying with BNB (requires login)

  • Has the option for Google Authenticator built in

  • Supports a large number of languages

  • Setup process is very simple

  • Is available as both a software and hardware wallet (work together)

  • Supports NFTs on both the BSC and ETH networks

Cons:

  • Isn't fully open source

  • Has some features that are not yet ready for use (such as DeFi)

  • Does not give user notifications

  • Does not enforce strong security during initial setup and wallet creation

  • Has fewer online resources than more established wallets

Desktop Browser Wallets

Desktop wallets are available on your home computer or laptop computer. Wallets on your computer can run as standalone applications, or as web browser plugins for popular browsers like Chrome and Firefox.

This comparison table gives an overview of the most popular desktop wallets used with CryptoSwap.

MetamaskBinance Wallet

Binance Smart Chain support

āš ļø

āœ…

Built-in DApp browser

āž–

āž–

Hardware wallet compatible

āœ…

āœ…

Open source (auditability)

āœ…

āœ…

Interact with BscScan

(for advanced users!)

āœ…

āž–

āš ļø 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) by default, and BEP2 & BEP20 (Binance Chain and Binance Smart Chain networks) with a little work.

ā€‹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

  • Supports a very large number of languages

  • Is also available on mobile devices

Cons:

  • Longer setup time than other options

  • Additional steps needed to use with Binance Smart Chain and CryptoSwap

  • Extra information and settings may confuse beginners

Binance Wallet is a browser-plugin wallet that natively supports the Binance Chain (BEP2) BNB Smart Chain (BEP20) networks. Binance Wallet was developed by the Binance cryptocurrency exchange.

ā€‹Pros:

  • Open source for auditability

  • Backed by the Binance cryptocurrency exchange

  • Can be directly linked to a Binance or Gmail account

  • A streamlined user experience

  • Supports BNB Smart Chain by default, making using PancakeSwap easy

  • Supports a large number of languages

  • Hardware wallet compatible

Cons:

  • Lacks some custom settings of other wallets

  • Lack of additional tools makes some actions available in other wallets impossible

  • Has fewer online resources than more established wallets

Under no circumstance should you ever give someone your private key or recovery phrase ("seed phrase"). This will give someone complete access to your crypto!

The genuine CryptoSwap site and staff will never ask you to input your seed phrase.

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