May 25, 2021
Now that the KiwiGo token is set up and the plan for the next three years has been released, Kiwigo holders need to know how to store their valuable tokens safely. For that, holders need to understand that the Kiwigo token is based on Binance Smart Chain and needs to be stored on a BSC-compatible wallet.
Binance Smart Chain
Binance Smart Chain is a blockchain that runs in parallel to the Binance Chain, this allows BSC users to get high transaction capacity from Binance Chain and smart contract functionality. BSC also provides space to create DApps and other DeFi products. Lastly, BSC contains an Ethereum Virtual Machine that allows running Ethereum based apps like Metamask.
For security purposes, Kiwigo tokens need to be stored on a BSC Wallet to interact with other applications. We strongly suggest storing KGO on Binance Smart Chain Wallet, Metamask, or Trust Wallet. This is a recommendation and you are free to store it on other wallets.
Binance Smart Chain Wallet
Binance Smart Chain Wallet is an extension wallet that you can add to chrome or other browsers. There you can store your KiwiGo and secure your fund using a backup seed phrase to avoid anyone having access to your account.
Metamask is an Ethereum Wallet but you can connect it to Binance Smart Chain using a familiar UI. To store KiwiGo on Metamask, you will have to configure your wallet towards Binance Smart Chain nodes. The full guide to configuring Metamask wallet: https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain
Trust Wallet is one of the easiest options to store your KiwiGo tokens, it is available on App Store, Google Play, and Android. You can use DApps like PancakeSwap to connect with Trust Wallet.
Remember: Always write down your seed phrase and NEVER share it with anybody. Without this phrase, your funds can’t be recovered if your device is damaged or lost