Wallets

Learn here about Metamask and Trust Wallet, the two more largely used wallets. Though both are compatible with PrivacySwap, we recommend using Metamask.

There are several factors to look at when choosing a wallet: whether it supports the tokens you hold or trade. A great example is that you would not choose to use MetaMask if your purpose is to hold Ripple (XRP). To keep things short, MetaMask and Trust Wallet are two of the more popular wallets in use today regarding DeFi transactions.

Which Blockchain?

Two of the most popular blockchains in the DeFi space today are Ethereum and Binance Smart Chain (BSC). They are similar, but they are separate chains from one another. This means that your assets on Ethereum chain do not exist on the Binance Smart Chain and vice versa. This is very important to note. PrivacySwap runs on the Binance Smart Chain, and tokens on the Binance Smart Chain adhere to the BEP20 standard.

When withdrawing assets like BNB or BUSD from Binance to your MetaMask wallet, make sure you select BEP20 as the network. Failure to do so might lead to you losing your funds.

Summing Up

Wallet commonly used on PrivacySwap is MetaMask. On either wallet, ALWAYS make sure you are on the Binance Smart Chain when trying to transact on PrivacySwap.