What Is Binance Smart Chain?
Before discussing how to set up a Binance Chain wallet, we must first know what BSC is.
BSC is the second blockchain on the Binance internet.
It came after the first, Binance Chain, but has gained more popularity for a good reason.
The blockchain was created to run alongside Binance Chain, which is now known as Binance Beacon Chain.
The fact that it is programmable sets it apart.
Binance has three token standards, namely BEP2, BEP8, and BEP20.
While BEP2 and BEP8 tokens run on Binance Chain, BEP20 tokens run on Binance Smart Chain.
Because BSC is EVM compatible, it supports DApps and other tools on Ethereum that Binance Chain does not.
What Is Binance Chain Wallet?
Binance Chain wallet works with top browsers, including Brave, Chrome, Edge, and Firefox.
How To Fund Your Binance Chain Wallet
You now have your Binance Chain wallet set up.
The next thing is how to use it to send or receive cryptocurrencies.
To illustrate, we will demonstrate how to fund your new wallet with BNB from the Binance exchange wallet.
