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 (ETH): Ideal for accessing a wide range of tokens, decentralized finance (DeFi) platforms, and smart contracts.
BNB Smart Chain (BNB): Popular for affordable transactions and decentralized applications.
Polygon (POL): Known for its scalability and low gas fees, hold tokens and manage transactions on this scalable blockchain.
Bitcoin (BTC): The original and most valuable cryptocurrency; you can buy, deposit, and hold BTC tokens in-app.
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.
Confused about multi-chain wallets?
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: Best Wallet will never request your wallet’s private key or secret recovery phrase. Keep this information strictly private and do not share it with anyone.