How To Create & Set Up A Wallet For PancakeSwap Account

To get started on PancakeSwap, the foremost thing you’ll need is to create and set up a wallet for PancakeSwap account that supports Binance Smart Chain (BSC). Wallets are available both on smartphone and desktop computers. Next, you’ll need to choose the wallets that suitable your needs best.

Things To Consider Before You’re Setting Up A Wallet

• Download and install the latest version from an official source.
• Follow the setup guide cautiously.
• Securely back up your recovery phrases.
• Never share your recovery phrases with anybody under any circumstances.
• Never input your recovery phrase to an app or website other than your wallet app.

Smartphone/Mobile or Desktop Wallet For PancakeSwap?

Smartphone or mobile device wallets and desktop-based wallets for PancakeSwap have different strengths and weaknesses. Consider which suits your needs better to help select which type of wallet to use to store PancakeSwap.

Features	Desktop	Mobile
Use Anywhere	✅	➖
Easy To Use	✅	➖
More Secure	➖	✅
Accessibility Friendly	➖	✅
Damage/Loss/Theft Resistant	➖	✅
Power/Connection Outage Resistant	✅	➖

Smartphone/Mobile Wallets For PancakeSwap Account

Smartphone or mobile wallets allow you to access your crypto almost anytime and anywhere. Wallets are available on both iPhone (iOS) and Android devices.

Which Mobile Wallet Should I Choose For PancakeSwap Account?

The below 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 additional setup
🔶 Only supports SafePal hardware wallet

Best Smartphone or Mobile Wallets For PancakeSwap Account

You can find more detailed information about each smartphone or mobile wallet for the PancakeSwap account below, as well as download links and installation guides.

1. Trust Wallet
2. Meta Mask
3. Token Product
4. SafePal

1. Trust Wallet

Trust Wallet is a popular wallet for smart mobile phones. 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 numerous crypto networks
• Includes networks by default
• Includes in-wallet staking options
• Has extra features such as NFT collection, BNB staking, and DApp access within the wallet

Cons:

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

Download Trust Wallet from here (Automatically detects device)
Trust Wallet Setup Guide

2. Meta Mask

MetaMask is a popular web browser-based wallet plugin that supports ERC20 (Ethereum network) and BEP2 & BEP20 (Binance Chain and Binance Smart Chain networks).

Pros:

• Open source for auditability
• WEB3 capable on BscScan
• A strong history of security and reliability
• A large number of how-to guides and resources online
• Many tools and custom settings
• Offers ETH purchases with Transak
• It supports a massive number of languages
• It is also available a browser plugin for desktop devices

Cons:

• Longer setup time than other options
• Additional steps needed to use with Binance Smart Chain and PancakeSwap
• Extra information and settings may confuse beginners

Download MetaMask from here (Automatically detects device)
MetaMask Setup Guide

3. Token Product

Token Pocket is a cryptocurrency management app that natively supports many cryptocurrency networks. It also has a desktop application available.

​Pros:

• Open source for auditability
• Allows users to switch between many crypto networks easily
• Supports many networks by default
• A less cramped user experience than browser plugin wallets
• It is also available as desktop software devices

Cons:

• Only supports Chinese and English languages
• Has some issues with the English translation
• Has fewer online resources than more established wallets

Download Token Pocket App for Android | iOS (Automatically detects device)
Token Pocket Setup Guide

4. SafePal

SafePal is available as both a software and hardware wallet. The wallet is easy to install and create and comes ready to support BEP2 (Binance Chain) and BEP-20 (Binance Smart Chain) right away.

Pros:

• Easily switch between several crypto networks
• Offers 25% fee discount paying with BNB (requires login)
• Has the option for Google Authenticator built-in
• Supports a large number of languages
• The setup process is straightforward
• It is available as both a software and hardware wallet (work together)
• Supports NFTs on both the BSC and ETH networks

Cons:

• Isn’t fully open source
• It has some features that are not yet ready for use (such as DeFi)
• It does not give user notifications
• Does not enforce strong security during initial setup and wallet creation
• Has fewer online resources than more established wallets

Download SafePal from here (Automatically detects device)
SafePal Setup Guide

Desktop/Web Browser Wallets For PancakeSwap Account

Desktop wallets are available on your home desktop or laptop. Wallets on your computer can run as separate applications or web browser plugins for popular browsers like Google Chrome, Safari, and Mozilla Firefox.

Which Desktop Wallet Should I Choose For PancakeSwap Account?

The below comparison table gives a summary of the most popular desktop wallets used with PancakeSwap.

	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

Best Desktop or Web Browser Wallets For PancakeSwap Account

You can find more detailed information about each desktop or web browser-based wallet for PancakeSwap below, as well as download links and installation guides.

1. Binance Wallet
2. Meta Mask
3. Token Pocket

1. Binance Wallet

Binance Wallet is a browser-plugin wallet that natively supports the Binance Chain (BEP2) Binance Smart Chain (BEP20) networks. The Binance cryptocurrency exchange developed Binance Wallet.

​Pros:

• Open source for auditability
• Backed by the Binance cryptocurrency exchange
• Can be directly linked to a Binance or Gmail account
• A streamlined user experience
• Supports Binance Smart Chain by default, making using PancakeSwap easy
• Supports a large number of languages
• Hardware wallet compatible

Cons:

• Lacks some custom settings of other wallets
• Lack of additional tools makes some actions available in other wallets impossible
• Has fewer online resources than more established wallets

Download Binance Wallet from here (Automatically detects device)
Binance Wallet Setup Guide

2. Meta Mask

MetaMask is a viral browser-based wallet plugin that supports ERC20 (Ethereum network) by default and BEP2 & BEP20 (Binance Chain and Binance Smart Chain networks) with a bit of work.

​Pros:

• Open source for auditability
• WEB3 capable on BscScan
• A strong history of security and reliability
• A large number of how-to guides and resources online
• Many tools and custom settings
• It supports a massive number of languages
• It is also available on mobile devices

Cons:

• Longer setup time than other options
• Additional steps needed to use with Binance Smart Chain and PancakeSwap
• Extra information and settings may confuse beginners

Download MetaMask from here (Automatically detects device)
MetaMask Setup Guide

3. Token Pocket

Token Pocket is a standalone application available for both Mac OS and Win64 devices. Token Pocket allows you to manage your cryptocurrency in software independent of your browser.

​Pros:

• Open source for auditability
• Independent of your browser and any of its permissions
• It will enable users to switch between many crypto networks easily
• Supports many networks by default
• A less cramped user experience than browser plugin wallets
• It is also available on mobile devices

Cons:

• Asks users to enter their private key as part of the desktop setup process
• Only supports Chinese and English languages
• Has some issues with the English translation
• Has fewer online resources than more established wallets

Download Token Pocket Desktop Wallet from here (macOS and Win64)
Token Pocket Setup Guide

The Bottom Line

I hope you liked our detailed guide on how to create a waller for the PancakeSwap account and also how to set up your wallet for PancakeSwap. If you have any queries, do let us in the comment below.