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WALLET - Coggle Diagram
WALLET
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Binance Chain Wallet
- Binance Chain Wallet is the official Binance cryptocurrency wallet for accessing Binance Smart Chain, Binance Chain, and Ethereum. You can use it to securely store your crypto and connect to thousands of projects across different blockchains.
- The Binance Chain Wallet currently supports Chrome, Firefox, and Brave.
- link Binance account to your wallet with Wallet Direct. This feature saves you from copying and pasting addresses when transferring digital assets between the two.
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- If you want to use and interact with the Binance Smart Chain network, having some BNB in your wallet is essential.
- two types of BNB tokens: BEP-20 and BEP-2
- connect your account with your Binance Chain Wallet using the [Wallet Direct] feature
Crypto Wallet
- a crypto wallet is a tool that you can use to interact with a blockchain network
- Depending on their working mechanisms, they may also be referred to as hot (provided by your crypto exchange - san giao dich) or cold wallets.
- send and receive cryptocurrency via blockchain transactions. Among other things, such information consists of one or more pairs of public and private keys.
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paper wallet
a "wallet" printed out on a piece of paper, but their use is now deemed obsolete and unreliable.
("ví" này được in ra trên một tờ giấy. Tuy nhiên, hiện nay, việc sử dụng chúng bị coi là lỗi thời và không đáng tin cậy.
- paper wallets aren't suitable for sending funds partially, but only their entire balance at once.
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Examples of wallets
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2. Mobile crypto wallets: Trust Wallet, MetaMask.
3. Browser extension crypto wallets: MetaMask, MathWallet, Binance Chain Wallet.
4. Desktop crypto wallets: Electrum, Exodus.
Hot vs. cold wallets
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Cold wallets
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This method is also known as cold storage and is particularly suitable for long-term investors or "HODLers."