Explore the best bep20 wallets for your tokens

JeromeTash

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Quote from: fronters on April 05, 2024, 02:38:45 PM

The Binance smart chain network is now widely adopted by crypto investors. It offers high-speed, high-throughput targeting active crypto trades and a low-cost alternative in the defi market. Binance smart chain has a Bep20 token standard that functions similarly to the ERC20 standard. Thus this created the demand for a bep20 wallet that facilitates to manage and store of bep20 tokens. Here is the compiled list of top bep20 tokens that every investor needs to know.

Coinbase wallet - Not open source and very poor privacy-wise for the users
Trust wallet - Not open source
Metamask wallet - Used to be open source but seems like things have changed
Math wallet - Not open source
Ledger nano - Not open source

Be very careful with closed source wallets. You don't know what kind of backdoors the developers are leaving behind the scenes.

sokani

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Quote from: fronters on April 05, 2024, 02:38:45 PM

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I'm going to rule off Coinbase wallet, Trust wallet and Math wallet because they're all closed source and they shouldn't be trusted. An hacker can exploit a bug in the code and steal your funds like the case of Atomic wallet. Ledger wallet would have top my list based on the fact that it's open source and a cold wallet, but its slack security is a major concern. So I'll have to settle for Metamask wallet or other hardware devices like Trevor or Safepal.

tabas

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Quote from: decodx on April 06, 2024, 06:35:26 AM

Quote from: tabas on April 05, 2024, 06:20:55 PM

I am not familiar with math wallet but do people really use it? It is the first time that I have read someone mentioned and suggested about them. If someone cannot afford an hardware wallet which also supports a lot of bep20 tokens not just the nano wallet and probably you're suggesting the latest of it which is the nano ledger s+, metamask is already enough. You get the wallet for erc20, bsc and even the other networks that are also available on it.

I think MathWallet is quite popular specifically because of the support for a large number of altcoins. But, I would never recommend a wallet that isn't fully open-source, which applies to both MathWallet and TrustWallet.

I have never heard of it and that's why when I've seen it, I have to search for it and I thought OP just mistyped but it's a real wallet. But with wallets that I haven't used, I can't speak for it as I have no experience yet with it. Looking at their sub-reddit, they don't have that much followers but just around 200+ and then not too active at all so, it's better to choose the others.

Quote from: decodx on April 06, 2024, 06:35:26 AM

I'm not sure if users have had any problems with it, but I remember reading some reports that Mathwallet was collecting too much personal information about wallets and users. So I wouldn't use it for anything important.

Not to say that much but most apps collect information nowadays as long as the service is free, we are the product of the apps and software that they develop.

decodx

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Quote from: tabas on April 05, 2024, 06:20:55 PM

I am not familiar with math wallet but do people really use it? It is the first time that I have read someone mentioned and suggested about them. If someone cannot afford an hardware wallet which also supports a lot of bep20 tokens not just the nano wallet and probably you're suggesting the latest of it which is the nano ledger s+, metamask is already enough. You get the wallet for erc20, bsc and even the other networks that are also available on it.

I think MathWallet is quite popular specifically because of the support for a large number of altcoins. But, I would never recommend a wallet that isn't fully open-source, which applies to both MathWallet and TrustWallet. I'm not sure if users have had any problems with it, but I remember reading some reports that Mathwallet was collecting too much personal information about wallets and users. So I wouldn't use it for anything important.

tabas

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I am not familiar with math wallet but do people really use it? It is the first time that I have read someone mentioned and suggested about them. If someone cannot afford an hardware wallet which also supports a lot of bep20 tokens not just the nano wallet and probably you're suggesting the latest of it which is the nano ledger s+, metamask is already enough. You get the wallet for erc20, bsc and even the other networks that are also available on it.

decodx

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Quote from: fronters on April 05, 2024, 02:38:45 PM

Here is the compiled list of top bep20 ~~tokens~~ that every investor needs to know.

You mean wallets, right?

Why did you only mention Ledger hardware wallet? Most hardware wallets that support altcoins also support BEP20 tokens. For example, SafePal and OneKey hardware wallets have native support for BEP20 in their apps. And probably many others as well.

fronters

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The Binance smart chain network is now widely adopted by crypto investors. It offers high-speed, high-throughput targeting active crypto trades and a low-cost alternative in the defi market. Binance smart chain has a Bep20 token standard that functions similarly to the ERC20 standard. Thus this created the demand for a bep20 wallet that facilitates to manage and store of bep20 tokens. Here is the compiled list of top bep20 tokens that every investor needs to know.

Coinbase wallet
Trust wallet
Metamask wallet
Math wallet
Ledger nano
If you are an investor looking forward to starting a new business in the crypto market? Then opt for developing a BSC wallet with cutting-edge features.

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