Reportedly, DeFi activity on the Binance Smart Chain has improved by 487% It is very obvious that the activity on the BSC is increasing with time.  When a comparison is made between the present and previous quarter, there is a boost of 20%

The number of Unique Active Wallets, which is connected to the BSC has also increased.  This is happening at a point in time when the adoption factor is overall positive in the cryptocurrency industry.

The very important driving factor contributing to the Unique Active Wallets in BSC is the increased interest in blockchain gaming and Play to Earn, which are the key drivers in the incremental growth of the industry.

Previously, during the China Crackdown on crypto, CZ stated that Binance had no business in Asia for a while now. Reportedly, they stopped dealing with China in 2017. Due to the importance that Binance places on complying with local regulations, they stopped dealing with China for some time now.

The Binance Academy has recommended the best crypto wallets for use in the Binance Smart Chain.

The kind of wallet one chooses depends on one’s needs, security, custodianship, and interaction with smart contracts. Users will want to access their wallets on different devices.

For browser extension wallets, MetaMask, MathWallet, and Binance Chain Wallet are good options.

Those who are looking for mobile experience should check MetaMask, MathWallet, Trust Wallet, and SafePal, particularly for iOS and Android.

These wallets are decentralized and they store the private key on your device. SafePal also provides cold storage hardware wallet for anyone who is looking for the highest security.

Hardware wallets are paid versions.  And, all crypto wallets are mostly free to use. There is more than one kind of wallet – the custodial and non-custodial wallets.  In the custodial wallet without the private key, you are not in complete control of your wallet.

Non-custodial wallets are the safest. Users have complete ownership of their private keys. This is considered to be the safest option for most traders and investors. This is as far as they take good care of their keys and seed phrases.  Wallets that will permit users to interact with DApps are the most preferred.

Community response:  The best wallet is Trust Wallet.

Metamask feels like ancient technology, they can’t even show the value of the wallet in USD.

With the multi-chain wallet, you can manage all wallets with only one mnemonic.

BINANOMICS aims to go above and beyond for its community, providing the investors and the Degens with ample opportunities to Ape into the most current and the hottest project on the BSC!