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# 1. Wallet Setup

To get started on Xchange, the first thing you'll need is to set up a wallet that supports 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:

✅ Download and install only the latest version from an official source.

✅ Follow the setup guide carefully.

✅ Safely back up your recovery phrases.

❌ NEVER share your recovery phrases with anyone, under any circumstances.

❌ NEVER input your recovery phrase to a website or app, other than your wallet app.

# Wallets

Install Metamask

MetaMask is the leading self-custodial wallet. The safe and simple way to access blockchain applications and web3. Trusted by millions of users worldwide.

# ​Pros:

  • Open source for auditability
  • A strong history of security and reliability
  • A large amount of how-to guides and resources online
  • Many tools and custom settings
  • Offers ETH purchases with Transak
  • Supports a very large number of languages
  • Is also available a browser plugin for desktop devices

# Cons:

  • Longer setup time than other options
  • Extra information and settings may confuse beginners

Install Trust Wallet

Trust Wallet is a popular wallet for smart devices. It supports DApps, NFT collectibles (with Opensea.io support), and in-wallet staking.

# Pros:

  • Open source for auditability
  • Backed by the Binance cryptocurrency exchange
  • Easily switch between several crypto networks
  • Includes networks by default
  • Includes in-wallet staking options
  • Has additional features such as NFT collection, BNB staking, and DApp access within the wallet

# Cons:

  • Language tied to phone settings
  • Limited DApps
  • Transaction notifications can be delayed

Buy Ledger Secure, grow your crypto and manage your NFTs with our new Bluetooth-enabled hardware wallet.

# Pros:

  • Open source for auditability
  • Backed by the Binance cryptocurrency exchange
  • Easily switch between several crypto networks
  • Includes networks by default
  • Includes in-wallet staking options
  • Has additional features such as NFT collection, staking, and DApp access within the wallet

# Cons:

  • Hardware device can be lost
  • Transaction notifications can be delayed
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