Binance Coin (BNB) is a token from Binance, one of the largest cryptocurrency exchanges in the world. It was initially used only to pay trading fees at a discount, but over time it became a full-fledged ecosystem coin that can be used in DeFi, to participate in new token launches, and even to pay for purchases with Binance partners.
Originally, BNB was an ERC-20 token, but it later moved to its own Binance Chain network and then to the more functional BNB Smart Chain (also known as BEP-20). Today, the token exists in three formats: BEP-2 (Binance Chain) and BEP-20 (BNB Smart Chain) are most widely used, but old ERC-20 tokens can still be found. It is supported by most wallets and platforms.
Binance regularly burns a portion of tokens, reducing the total supply. The token is actively used within the platform, which gives it value beyond speculation. BNB remains among the top cryptocurrencies by market capitalization, making it a common choice for inclusion in investment portfolios.
To use these tokens, you need a compatible wallet or an account on an exchange that supports BNB, such as Binance. This guide explains how to create a Binance Coin (BNB) wallet and why it is worth doing on the EMCD platform.
What Is a BNB Wallet
A Binance Coin wallet is a software tool that allows interaction with the BNB Smart Chain blockchain to store, receive, send, and exchange BNB tokens. Based on integration with online tools, wallets are divided into hot and cold types. Hot wallets require constant internet access – they are usually more convenient but less secure. Cold wallets operate offline, with transactions signed locally and only then transmitted to the network through a connected device
Access to cryptocurrency wallets is traditionally managed through private keys – long combinations of hexadecimal characters. Based on how keys are stored, wallets are classified as custodial or non-custodial. Non-custodial services do not store clients’ keys, meaning the user manages key storage themselves. This increases security against potential server hacks but requires higher technical literacy and reduces convenience. Custodial wallets store private keys using secure network infrastructure, which greatly improves usability and allows access recovery if the user loses their key, with only a small reduction in security.
Why You Should Create a BNB Wallet on the EMCD Platform
EMCD provides a custodial multi-currency wallet with online access. Together with this wallet, EMCD offers a complete crypto ecosystem. In addition to the cryptocurrency wallet, it includes:
- an online academy with many useful materials for earning with crypto
- the Coinhold investment service, which helps you invest crypto profitably
- a mining pool supporting multiple popular coins with withdrawals to a wallet on the same platform
- a P2P platform for fast and profitable crypto exchange
Other advantages of the EMCD wallet include:
- an intuitive interface
- high level of security and privacy
- fast transaction processing
- ability to make transfers without fees (available within the EMCD ecosystem, external transactions can be subject to network fees.)
The EMCD multi-currency wallet supports not only Binance Coin (BNB) but also many other popular coins and tokens. These include:
- AAVE
- AVAX
- BTC
- BCH
- BELLS
- CAKE
- CAU
- COMP
- CRV
- ETC
- ETH
- DASH
- DOGE
- KAS
- LDO
- LINK
- LTC
- MATIC
- NOT
- OP
- SOL
- SUSHI
- TON
- TRX
- UNI
- USDT
- USDC
How to Create a Binance Coin Wallet
To create a digital wallet for BNB and other coins, go to the EMCD website and click the «Create Account» button. On the opened page, you can use the registration form or choose quick registration. For quick registration, you can click «Create with Google» or «Create with Telegram». You will then need to grant access to your account to the platform.
If you choose to register via email:
- enter your email
- create and enter a strong password. If you use Google Chrome, you can generate it with the browser and save it to your Google account
- click «Create Account» below the registration form
- verify your email using the link sent by the platform
After completing registration, you can set up two-factor authentication, interface language, and other settings. You can also fund your new wallet from another crypto wallet, a bank card, or via the EMCD P2P platform.