BNB Chain Wallet Transitions to Lite Version
BNB Chain has announced the transition of BNB Chain Wallet to a Lite Version as BNB Beacon Chain reaches its sunset phase. The update, expected next week, will remove key functionalities such as sending and receiving funds, checking balances and transaction history, and accessing BNB Smart Chain, Ethereum, and testnets.
Users will still be able to recover their assets using their seed phrase or private key. For fund management, the team recommends alternative wallets like Trust Wallet.
Refer to the official tweet by BNB:
BNB Chain@BNBCHAINMar 20, 2025Important updates for BNB Chain Wallet:
As part of the BNB Beacon Chain sunset, BNB Chain Wallet will transition to a Lite Version.
This is expected to take place next week with more info coming soon, so stay tuned.
Here's what you need to know 🧵 👇 pic.twitter.com/jAhzRhaQfC
BNB Info
BNB is the native coin that powers the BNB Chain ecosystem, including the BNB Beacon Chain and BNB Smart Chain. It serves several functions, such as reducing trading fees on the Binance exchange, paying for transaction fees on both the BNB Beacon Chain and BNB Smart Chain, and being utilized in games and DApps within the BNB Chain ecosystem. It’s also employed to participate in token sales hosted on the Binance Launchpad and provide liquidity on Binance Liquid Swap. Furthermore, BNB can be used for real-world applications, including online and in-store purchases and travel bookings on platforms like Travala.com.
As of September 2020, with the launch of the BNB Smart Chain, BNB can exist in three forms: BNB BEP-2 on the BNB Beacon Chain, BNB BEP-20 on the BNB Smart Chain, and BNB ERC-20 on the Ethereum network.