Prepare the ingredients: Measure out the beeswax and coconut oil.
Melt the beeswax and coconut oil: In a double boiler or a heat-safe glass bowl over simmering water, gently melt the beeswax. Once it begins to melt, add the coconut oil and stir until both ingredients are fully combined.
Remove from heat: Once the balm is smooth and fully melted, take it off the heat.
Pour into container: Carefully pour the melted balm into a small container, such as a glass jar or tin. Allow it to cool and solidify at room temperature for a few hours.
Use and store: Once solidified, your balm is ready to use. To apply, simply rub a small amount on your wooden utensils or cutting boards, then buff it in with a soft cloth. Store any remaining balm in a cool, dry place.