How To Create Wallet for PancakeSwap Account
Create a Wallet
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To get started on PancakeSwap, the first thing you’ll need is to set up a wallet that supports Binance Smart Chain (BSC). Wallets are available both on desktop computers and on smartphone devices. You’ll need to choose the wallet that fits your needs best.
When you’re setting up a wallet, be sure to:
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✅ Download and install only the latest version from an official source.
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✅ Follow the setup guide carefully.
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✅ Safely back up your recovery phrases.
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❌ NEVER share your recovery phrases with anyone, under any circumstances.
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❌ NEVER input your recovery phrase to a website or app, other than your wallet app.
Mobile device wallets and desktop-based wallets have different strengths and weaknesses. Consider which fits your needs better to help decide which type of wallet to use.
|
|
Mobile |
Desktop |
|
Use anywhere |
✅ |
➖ |
|
Easy to use |
✅ |
➖ |
|
More secure |
➖ |
✅ |
|
Accessibility friendly |
➖ |
✅ |
|
Damage/loss/theft resistant |
➖ |
✅ |
|
Power/connection outage resistant |
✅ |
➖ |
Smartphone/Mobile wallets allow you to access your crypto almost anywhere. Wallets are available on both Android and iOS devices.
This comparison table gives an overview of the most popular mobile wallets used with PancakeSwap.
|
|
Trust Wallet |
MetaMask |
Token Pocket |
SafePal |
|
Binance Smart Chain support |
✅ |
⚠️ |
✅ |
✅ |
|
Built-in DApp browser |
✅ Android ⚠️ iOS |
➖ |
✅ |
✅ |
|
Hardware wallet compatible |
➖ |
✅ |
➖ |
🔶 |
|
Open source (auditability) |
✅ |
✅ |
✅ |
➖ |
|
Interact with BscScan (for advanced users!) |
➖ |
✅ |
➖ |
➖ |
⚠️ Requires some setup 🔶 Only supports SafePal hardware wallet
You can find more in-depth information about each wallet below, as well as download links and installation guides.
Trust Wallet is a popular wallet for smart devices. It supports DApps, NFT collectibles (with Opensea.io support), and in-wallet staking.
Pros:
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Open source for auditability
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Backed by the Binance cryptocurrency exchange
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Easily switch between several crypto networks
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Includes networks by default
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Includes in-wallet staking options
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Has additional features such as NFT collection, BNB staking, and DApp access within the wallet
Cons:
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Language tied to phone settings
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Limited DApps
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Transaction notifications can be delayed
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