Cryptocurrency Wallets in the BNB Chain Ecosystem
BNB Chain, formerly known as Binance Smart Chain (BSC), completed its rebranding on February 15, 2022. It is an EVM-compatible blockchain platform designed to support decentralized applications (dApps) and smart contracts. The network continues to evolve, recently achieving sub-second block times and reduced Gas fees through the Maxwell hard fork, and introducing wallet abstraction capabilities via the Pascal upgrade, enhancing user interaction efficiency and flexibility. BNB Chain set a record of processing 31 million transactions per day in 2025 and boasts over 700 million unique addresses, demonstrating its activity as a mainstream blockchain infrastructure.
Key Recommended Wallets and Their Features
- Trust Wallet: As Binance's self-custody mobile wallet, Trust Wallet supports BNB Chain, over 8 million digital assets, and more than 70 blockchains. It offers features for buying, selling, swapping, staking cryptocurrencies, and managing NFTs, with over 60 million users.
- MetaMask: As one of the most popular software wallets and browser extensions, MetaMask has over 30 million users. Due to its EVM compatibility, users can easily configure the BNB Chain network for interacting with dApps and sending and receiving BEP-20 tokens.
- Binance Web3 Wallet: Binance's official self-custody wallet, deeply integrated within the Binance App and available as a Chrome extension. It provides secure asset management, facilitating easy fund transfers and dApp connections within the Binance ecosystem.
- Ledger (Hardware Wallet): Offers the highest level of security, protecting crypto assets by storing private keys offline. Ledger supports BNB Chain and BEP-20 tokens and can be used with software wallets like MetaMask for transaction signing. The Ledger Nano S Plus is priced at approximately $79.
- Trezor (Hardware Wallet): Another hardware wallet offering high security, supporting BNB Smart Chain and opBNB, and can be paired with EVM wallets like MetaMask.
- SafePal: Provides both hardware and software wallet solutions. SafePal S1 is a cost-effective hardware wallet that supports BNB and BSC tokens, utilizing air-gapped QR code signing technology.
- OKX Wallet: A multi-chain wallet supporting EVM, Solana, and other networks, with a built-in swap aggregator and dApp browser, offering users a comprehensive Web3 experience.
- Coinbase Wallet: Coinbase's self-custody wallet, independent of the exchange account, supports multi-chain transactions, including BNB Chain.
- Other Notable Wallets: Coin98 (all-in-one DeFi wallet), Math Wallet (supports over 100 different chains), Bitget Wallet (formerly Token Pocket, supports over 70 chains), Exodus (desktop and mobile compatible wallet, supports over 300 cryptocurrencies), Tangem (stores BNB via hardware chip, no seed phrase, offers high security).
Yibifu App Suspension and Risk Analysis
The Yibifu App has been completely shut down and delisted as of November 18, 2025. Prior to this, some of its functions were gradually discontinued: new user registration, in-app OTC purchases, and USDT deposit functions were closed as of May 15, 2025; in-app OTC selling functions were also stopped as of September 1, 2025. User account balances can subsequently be processed via USDT withdrawal or transfer to EBpay.
Service Migration and Compliance Risks
Yibifu's services have been upgraded to EBpay, aiming to provide a high-quality multi-chain, multi-currency service experience. However, Yibifu faced serious compliance controversies during its operation. The platform was accused of potentially providing virtual currency exchange services for "gray and black industries" (such as money laundering), leading to a very high risk of users' bank cards being frozen. Its registration in overseas jurisdictions may have circumvented local regulations, and its KYC (Know Your Customer) process might have been superficial, further exacerbating the risks. Given its suspension and historical risks, users should avoid using such platforms and prioritize regulated, large-scale exchanges for cryptocurrency transactions.
Yibifu App Historical Features (Advertised Before Suspension)
Before its suspension, the Yibifu App advertised the following features:
- Digital Currency Payment and Exchange: Claimed to be a digital currency payment and secure, fast platform, offering digital currency to fiat currency exchange functions.
- Multi-chain Wallet: Supported multi-chain asset management for mainstream currencies like USDT-TRC20 and USDT-ERC20.
- 0 Fee Transfers: Previously highlighted 0 fee transfer functionality.
- One-click Deposit/Withdrawal and Borderless Transfers: Offered one-click deposit, withdrawal, and borderless transfer services.
- OTC Over-the-Counter Trading: Supported peer-to-peer transactions between individuals and merchants.
- QR Code Payments: Users could make one-click payments by scanning QR codes, similar to Alipay.
- Security Risk Control: Advertised having an industry-leading security risk control system to protect blockchain wallet assets.
- Application Scenarios: Previously supported IoT automatic payments, physical business QR code收款, personal transfers and red packets, online shopping, bill payments, financial management, digital currency collateralized loans, etc.
- Developer Support: Provided SDKs and highly customizable API interfaces for merchants to integrate digital currency collection capabilities.
These features were all advertised by Yibifu before its suspension and are no longer available.
