12/12/2022
* Which wallet type should I use with my crypto? *
Both wallet types are good to store your crypto assets, including NFTs. Most traders and investors use both in different situations. However, you should make sure that the wallet you use supports the type of crypto you wish to store. They can't all be stored in the same way.
There are different blockchain networks running various types of cryptocurrencies. We can classify these types by their token standards, but keep in mind that we may have the same tokens running on multiple blockchains under different standards. For example, you can find BNB as a BEP-20 on the BNB Smart Chain, but also as a BEP-2 token on the BNB Beacon Chain.
Here are some of the most common token standards:
BNB Smart Chain: BEP-20, BEP-721, BEP-1155
BNB Beacon Chain: BEP-2
Ethereum: ERC-20, ERC-721, ERC-1155
Solana: SPL
MetaMask, Trust Wallet, and MathWallet are non-custodial wallets that accept the most common and popular crypto assets. If you are unsure of what tokens your wallet supports, check their official FAQ or documentation for more information.
Sometimes, wallets that are constantly upgrading to meet the demands of their users might support more tokens as time goes by. For instance, Binance Custody currently supports BTC, ETH, B*H, LTC, BUSD, BNB, CAKE, and many other ERC-20 tokens. Binance Custody will gradually include more token types to support user demand.