What should I check first?

Real product, team, tokenomics, audits, community, and on-chain activity.

How to spot red flags?

Unreal promises, unaudited contracts, excessive permissions, aggressive marketing.

Total Value Locked. Useful but not the only metric.

What is a token unlock?

Token release schedule. Can add sell pressure as supply increases.

How to assess liquidity?

Volume, depth, and spreads. Avoid illiquid pairs.

What does an audit mean?

Third-party code review. It reduces risk but isn’t a guarantee.

Multiple signatures control. Can improve security if properly set.

How to reduce interaction risk?

Separate wallet, limited approvals, revoke permissions.

CEX or DEX to enter/exit?

Depends on liquidity/fees. On DEX review route and slippage.

Is this financial advice?

No—educational/informational content.

Set up your wallet for BNB Chain

Having a Binance account is not enough: to use dApps or move funds freely, you need your own wallet.

TL;DR

✅ Recommended wallets: MetaMask, Rabby, Binance Web3 Wallet.
✅ Add BNB Chain (BEP20) manually if not listed.
⚠️ Store your seed phrase offline.
⚠️ Download only from official sources.

Context

A wallet doesn’t store coins but the keys to access them. Configuring it properly prevents losses and unlocks access to DeFi and Web3 on BNB Chain.

Prerequisites

Updated browser (for extensions).
Active Binance account (optional, for fiat on/off ramps).
Safe place to store your seed phrase.

Step by step

Install MetaMask

Download from official MetaMask site.
Create an account and save your seed phrase.
Manually add BNB Chain (RPC, ChainID 56, symbol BNB).

Set up Rabby

Download from official Rabby site.
Import your seed phrase or connect with a hardware wallet.
Enable previews to see permissions before signing.

Use Binance Web3 Wallet

Enable the feature inside your Binance account.
Access from the Binance mobile app.
Ideal for users already in the Binance ecosystem.

Security checklist

⚠️ Store the seed phrase offline.
⚠️ Enable strong passwords and 2FA.
⚠️ Always verify the URL before installing.
⚠️ Do a small test transaction.
⚠️ Use a cold wallet for big savings.
⚠️ Don’t sign permissions you don’t understand.

Common mistakes and how to avoid them

Installing fake extensions → total loss. Prevent: download from official sites.
Not backing up the seed phrase → unrecoverable account. Prevent: write it down offline.
Sending on the wrong network → funds lost. Prevent: confirm BEP20 before sending.
Using one wallet for everything → higher risk. Prevent: separate daily use and storage.

Practical example

Set up MetaMask, add BNB Chain, and transfer 5 USD worth of BNB from your Binance account. Once confirmed, your wallet is ready.

Quick comparisons

MetaMask: universal, needs manual setup.
Rabby: safer with previews, less known.
Binance Web3 Wallet: integrated, but limited outside Binance.

Editorial note

MetaMask is the standard, Rabby the safer choice, and Binance Web3 Wallet the simplest. The best option depends on your level and needs.

Next step

Read [Crypto security essentials](/en/guides/security) to protect your funds.

Results / Conclusion

Setting up a wallet gives you real control over your BNB. From now on, your funds’ safety depends on your habits and best practices.

Set up your wallet on BNB Chain ✨