BNB Smart Chain
Official Website: bnbchain.org
BNB Smart Chain (BNB) is a blockchain that runs smart contracts and is compatible with the Ethereum toolset (the EVM, or Ethereum Virtual Machine). It offers low fees and fast blocks, and supports the same ERC-20 token standard used on Ethereum (often called BEP-20 on this chain).
This wallet type supports the BNB Smart Chain (BSC) network. Do not send funds to or receive funds from other networks using this wallet.
Addresses
In Cake Wallet's BNB Smart Chain wallet, there is only one address per wallet, which is standard for the Ethereum ecosystem. Keep in mind that this has lesser privacy compared to some other assets, where new addresses are automatically generated.
Your BNB Smart Chain address starts with 0x followed by a series of alphanumeric characters. This is the same 0x address format used on Ethereum and other EVM chains, so the same address can receive funds on many chains.
The 0x address format is the same across EVM chains, but the network is not. Make sure the sender uses the BNB Smart Chain network. A token sent on the wrong network (for example Ethereum mainnet instead of BNB Smart Chain) will not arrive.
Seed Format
Cake Wallet uses a 12-word BIP39 seed for BNB Smart Chain wallets by default. Under Advanced Settings on the wallet creation screen you can choose a 24-word BIP39 seed instead, and you can add a seed passphrase. When creating or restoring a wallet, you can use the seed phrase or the private key. The derivation path used is m/44'/60'/0'/0.
Because BNB Smart Chain shares the same seed format and derivation path as Ethereum, its seed can be shared with your other Cake Wallet currencies as part of a wallet group.
Fee Levels
Transaction fees are a necessary part of sending BNB or ERC-20 tokens.
BNB is consumed as a 'gas' fee when making any transaction from a BNB Smart Chain wallet. This also applies to sending ERC-20 tokens. For example, to send USDT, you pay a network fee in BNB, not USDT. Thus, sending 10 USDT costs a small amount of BNB, and the recipient receives the full 10 USDT.
Cake Wallet offers three fee levels for transactions:
Slow: Cheaper but may take longer to confirm.
Medium: Recommended for most transactions. Balanced speed and cost.
Fast: Expensive but confirms quickly.
These fee levels are determined automatically using current network fee rates.
MEV protection
Blink (MEV) protection is not available on BNB Smart Chain. Cake Wallet's Blink protection covers Ethereum and Base only, so BNB Smart Chain transactions are broadcast to the network normally.
Tokens
Cake Wallet's BNB Smart Chain wallet can store ERC-20 tokens in addition to BNB. Some common tokens such as USDC, ETH, USDT, and USDe are displayed by default. To show other tokens, open the Assets tab on your home screen, tap the Tokens button, and enable them.
Adding a new token
You can add a new ERC-20 token from the same Tokens screen: search for your desired token, then tap to enable it.
If the token does not appear, you can add it by contract address. Paste the address of the custom token you wish to add, then click the + button.
Transaction history
Transaction history is populated using the BSCScan API. You can enable or disable this API lookup under BSCScan History under Settings → Connections.