Create a Wallet
To get started on MORBEX, 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:
✅ 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.
Smartphone/Mobile or Desktop wallet?
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
Smartphone/Mobile wallets allow you to access your crypto almost anywhere. Wallets are available on both Android and iOS devices.
Which mobile wallet should I choose?
This comparison table gives an overview of the most popular mobile wallets used with MORBEX.
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: - 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
Desktop/Web Browser wallets
Desktop wallets are available on your home computer or laptop computer. Wallets on your computer can run as standalone applications, or as web browser plugins for popular browsers like Chrome and Firefox.
Which desktop wallet should I choose?
This comparison table gives an overview of the most popular desktop wallets used with MORBEX.
MetaMask
Binance Wallet
Token Pocket
Binance Smart Chain support
⚠️
✅
⚠️
Built-in DApp browser
➖
➖
✅
Hardware wallet compatible
✅
✅
➖
Open source (auditability)
✅
✅
✅
Interact with BscScan
(for advanced users!)
✅
➖
➖
⚠️ Requires additional setup
You can find more in-depth information about each wallet below, as well as download links and installation guides.
MetaMask is a very popular browser-based wallet plugin that supports ERC20 (Ethereum network) by default, and BEP2 & BEP20 (Binance Chain and Binance Smart Chain networks) with a little work.
Pros: - Open source for auditability - WEB3 capable on BscScan - A strong history of security and reliability - A large amount of how-to guides and resources online - Many tools and custom settings - Supports a very large number of languages - Is also available on mobile devices
Cons: - Longer setup time than other options - Additional steps needed to use with Binance Smart Chain and MORBEX - Extra information and settings may confuse beginners
NEVER, in any situation, should you ever give someone your private key or recovery phrase ("seed phrase"). This will give someone complete access to your crypto! The genuine MORBEX site and staff will never ask you to input your seed phrase.
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