In this article:
Learn what multi-chain wallets are and why they are essential for managing cryptocurrencies across different blockchains.
Best Wallet creates multi-chain wallets as default, meaning you can interact over a range of different blockchains from within one wallet.
Learn what your multi-chain wallet can do, what blockchains it currently supports, and how different blockchain addresses work.
What is a multi-chain wallet?
A multi-chain wallet is a crypto wallet that can hold and transact digital assets (like cryptocurrencies) across multiple blockchain networks.
Best Wallet is, by default, a multi-chain wallet designed to provide you with seamless access to a growing range of blockchain networks, simplifying the management of your crypto portfolio.
This means that instead of using separate wallets for Ethereum, BNB Smart Chain, Polygon, Bitcoin, or other networks, a multi-chain wallet consolidates these functionalities in a single wallet within a single app.
Why are multi-chain wallets useful?
Whilst using a dedicated wallet (such as a Bitcoin-only wallet or an EVM-only wallet), multi-chain wallets offer many benefits:
Compatibility Across Networks: Multi-chain wallets like Best Wallet support various blockchain ecosystems, offering flexibility for transactions, cross-chain swapping, staking, and token management.
Simplified Access: Instead of juggling multiple wallets or apps, a single interface like Best Wallet's app handles your crypto needs across chains.
Efficient Portfolio Management: View and manage assets from all supported blockchains in one place.
Avoids Potential Losses: One of the most common causes of lost funds is losing access to a wallet or app — with multi-chain wallets and Best Wallet's convenient cloud backups, you reduce your risk of locking yourself out of a funded wallet.
Multi-chain wallets in Best Wallet explained
Best Wallet currently supports the following blockchains:
Ethereum: Ideal for accessing a wide range of tokens, decentralized finance (DeFi) platforms, and smart contracts.
Bitcoin: The original and most valuable cryptocurrency; you can buy, deposit, and hold BTC tokens in-app.
BNB Smart Chain: Popular for affordable transactions and decentralized applications.
Polygon: Known for its scalability, low gas fees, and the ability to easily hold tokens and manage transactions on this scalable blockchain.
Base Chain: A popular EVM chain developed by the exchange Coinbase, known for its cheaper gas fees and fast transactions.
Best Wallet aims to expand its support to additional blockchains, providing even more versatility in the future.
Each blockchain in Best Wallet has a unique wallet address. For example, Ethereum and any ERC-20 token (e.g., ETH, USDT, DAI) will have a specific address. Bitcoin will also use a completely different address unique to its network, but they all fall under your multi-chain wallet.
When transacting on a specific blockchain, always use the corresponding wallet address to ensure the transaction processes correctly.
Need further support?
If you're confused about your EVM-only wallets, read our guide on the difference between them and multi-chain wallets.
If you’re still unsure about multi-chain wallets or need assistance using your wallet(s) in Best Wallet, please contact the Best Wallet support team by emailing [email protected] or opening a ticket on our Support site.
Important Reminder: No one from Best Wallet will ever request your private key. Keep this information strictly private and never share it with anyone.