#PowellRemarks Before choosing a particular wallet, think about your needs. There is more than one type of wallet available. Most BSC wallets are noncustodial. This means you have control over the private key. BSC wallets are also usually hot wallets that allow you to connect to DApps or start staking easily. Each type of wallet has its own advantages and disadvantages.

1. Custodian - The wallet provider stores your private keys. This applies to your digital assets in an exchange wallet. Without having the private key, you do not have full control over the wallet. Maybe, you won't be able to connect to the DApp either. If you only want to do spot trading for BSC tokens and other crypto assets, then a custodial wallet is a reasonable choice. However, be careful. While these actions are safe to do on Binance, you should not entrust your funds to any custodial wallet or exchange.

2. Noncustodial - You own the private key. This is the safest option for most traders and investors as long as they take good care of the key and seed phrase. All of the wallets we'll discuss later are noncustodial options that allow you to interact with DApps.