A collapsible bin includes a base having a floor from which a plurality of spaced apart columns extend downwardly. A plurality of walls are hingeably connected to an upper surface of the base. A lid is securely received on upper edges of the walls when the walls are in the erected position. The lid can also be secured to the base when the walls are in the collapsed position. The bin is securely stackable in the collapsed and erected positions, with and without lids.