I love that we’re having these posts like a series. Previously, we’ve talked about custodial and non-custodial wallets which I hope you’ve read because this topic we have right now is about Non-custodial wallets. I’m using 2 right now and those were the ones in the title.

There’s a reason why I had to use both. First, it’s because I’m testing them out and the other reason will be discussed later on. I’ll try to keep it short, I swear I’ll try hahaha!

What is MetaMask and Binance Chain Wallet?

These are decentralized wallets that don’t require a long sign-up process. It will just ask you to set up a password and ask you to back up your seed phrase. YOU SHOULD ALWAYS BACK UP YOUR SEED PHRASE IN A VERY SAFE PLACE, like 100 copies of it in a paper hidden in every corner of your room. LOL. You have to keep it safe and at the same time, you can’t afford to lose them. Unless you won’t use the wallet.

I can’t emphasize it more but make sure you won’t lose it and nobody else can find it aside from you. Normally, you should not store it online but there are ways to keep secured notes like using cloud storage vaults, or using platforms like Dashlane(I’ve reviewed this in the past and I’ve been using it for more than a year already). But if you do it online make sure all your accounts like your email address have strong passwords(I suggest using a very unique password for emails. Emails are the keys to your other accounts.) and have 2FA enabled.

Oh yeah, we’re talking about what is these wallets and not how to secure them.

I think I will remind you about securing accounts all the time and making sure you won’t lose them because it was a hard lesson I just learned. Not being able to access my Dogecoin during its hype season was full of regrets.

Anyway, these wallets we’re checking out are accessible on browsers that support extensions usually that is Chrome. I use Brave and CryptoTab tho, which are chrome-based browsers, I earn small cryptos from those browsers that’s why I prefer them.

You just have to download the plug-in to get started with it. It’s really amazing how easy it is compared to custodial wallets.

Here are the official sites, to avoid being redirected to copycat phishing sites:



Custodial vs Non-Custodial Cryptocurrency Wallets

Network support of Decentralized Wallets

Metamask, will by default use Ethereum Mainnet while Binance Chain has 3 default networks: Binance Chain, Binance Smart Chain, and Ethereum Mainnet.

But even though they have default networks it doesn’t mean that you’ll be limited to these networks only. MetaMask wallet can add Custom RPC to support the network of the wallet you wanted to use. Unfortunately, Binance don’t have that option.

For noobs like us (just kidding), it sounds very technical but according to MetaMask help center, you can check https://chainlist.org/ and easily connect the network you need easily.

Chainlist.org to connect wallet networks on MetaMask