The Binance wallet isn't preconfigured
The Binance wallet is linked to an Ethereum wallet under the hood. That's because Binance is an ERC-20 token that resides on the Ethereum blockchain. It carries smart contract information that identifies it as BNB. Therefore it needs a parent Ethereum wallet to cover for transaction fees.
In this guide, we'll use the preconfigured Ethereum wallet, but you can also create a new Ethereum wallet first.
Step 1: Go to the create a wallet page
Click on the add wallet button (the “+” icon beside “Wallet”) on the Metal Vault dashboard. You’ll be taken to the “Create A Wallet” page within Metal Vault.
Step 2: Create the Binance wallet
Input 1 asks “Which currency would you like to use? Select "Binance".
Input 2 asks “Which parent wallet do you want to assign? Select " An Ethereum wallet of choice".
In Input 3, enter a name for the Binance wallet you want to create. It's good practice to give it a descriptive name to avoid uncertainty later.
Finally, click on the "Create Wallet” to complete the process.
The Binance wallet has been successfully created
You now successfully created a Binance wallet. The Binance wallet is now accessible from the Metal Vault dashboard.