Highlights
The decentralized Internet, or Web3, offers a transformative approach that puts power back in the hands of users and prioritizes decentralized interactions. At the center of this shift are cryptocurrency wallets, which act as a gateway to Web3.
Binance's Web3 wallet stands out for its simplicity, security and convenience. The wallet eliminates complicated seed phrases, provides the best options for token swaps, earning returns, and features a curated list of decentralized applications.
Integrated directly into the Binance app, users can activate their Web3 wallet and transition between CeFi and DeFi with a single screen tap, breaking down barriers to entry for the Web3 ecosystem.
Users can also have peace of mind with cutting-edge multi-party computing (MPC) technology that protects their Web3 wallet and its contents, as well as having full control (self-custody) of the assets, all powered by 24/7 customer service. 7.
Everything you need to know about the Binance Web3 wallet: your secure and easy gateway to the opportunities and innovations of the decentralized web.
Cryptocurrencies and blockchain technology are transforming the digital world, laying the foundation for a new future that includes the promise of Web3, an Internet where decentralization reigns and the power of people is restored over centralized platforms, and where users control their data, assets and online experiences. Recognizing the challenge that Web3 can present to those unfamiliar with it, we are proud to launch the Web3 Binance wallet.
Created to bring the next billion people onto Web3, our wallet simplifies this potentially complicated terrain. Whether you're a crypto beginner or a decentralized web enthusiast, you'll see that our wallet isn't just a self-custody and secure storage service: it's your personalized gateway to the Web3. You can think of it as your entry ticket to access and interact with this next-generation Internet. Enter this disruptive evolution with us and watch the future unfold.
Binance Web3 Wallet: Your gateway to Web3
Meet the Binance Web3 Wallet – a revolutionary tool designed to provide users with unparalleled simplicity, convenience and security. Now everyone can explore the decentralized future with confidence and ease. We welcome you to your gateway to Web3.
1. Unparalleled Simplicity: Gone are the days of intricate configurations. With Binance Web3 Wallet, you can create your wallet in seconds using the Binance app. What distinguishes it? Removing the (often complex) seed phrase (a series of 12 words representing the master key of a standard crypto wallet), but without losing the security and self-custody benefits. Enter directly to Web3 without complications.
2. All-in-one convenience: a world of features at your fingertips. Transfer funds between your Binance Exchange account and your Web3 wallet easily. Swap thousands of tokens, between more than 30 networks and always at the best price. You also have a curated collection of top decentralized applications to explore. Delve into the world of NFTs or discover ways to earn returns on your assets. All this without ever having to leave your wallet.
3. Robust security: With cutting-edge multi-party computing (MPC) technology protecting your wallet and its contents, you can relax. Instead of a single seed phrase (or master key), this security technique creates three separately stored “key fragments.” To improve security, each of the three key fragments is stored in different locations, including your personal cloud storage space and your own device. Say goodbye to single point of failure! Do you want to learn more about how MPC works? Explore our dedicated MPC blog in more depth.
We explore other features and benefits
In addition to the simplicity, convenience, and security described above, the Binance Web3 wallet has a number of specific features that make it stand out. Let's see what you can expect once you create your wallet and start using it.
Make swaps at optimal rates
One of the notable features is the integration of the wallet with Binance Bridge, which allows assets to be transferred between different chains, in addition to access to decentralized exchange services. Swap tokens between multiple chains at the best price. Say goodbye to jumping between platforms and putting value at risk.
Opportunities to win
The Binance Web3 wallet is for much more than just swapping and spending your funds. Explore various avenues within the wallet to earn returns on your holdings, whether through staking, lending, or other innovative financial instruments. Don't let your cryptos remain unused. Discover opportunities to put your digital assets to work and optimize your holdings.
Self-custody
With the Binance Web3 wallet, only you are in charge of your assets. This provides you with a self-custody model, which guarantees that only you have exclusive access to the funds and full control of the wallet. Please note that this means that if you forget your password and lose access to your device (or delete the Binance app), you will not be able to access your wallet or its contents. There is no way Binance can access or recover it for you.
Curated selection of dApps
Instead of overwhelming users with the broad landscape of all the available dApps out there, Binance carefully selected the most prestigious and innovative offerings. This minimizes the risk of encountering malicious or substandard dApps, ensuring that users can seamlessly take advantage of the best of everything Web3 has to offer.
Integrated risk controls
The wallet does not only offer a means for storage and making transactions; It also offers protection. Binance's Web3 wallet is equipped with alerts that notify users of potential security risks, whether it be suspicious addresses or activities involving malicious contracts.
The harmonization of CeFi and DeFi
Centralized finance (CeFi) and decentralized finance (DeFi) have their respective merits, and Binance's Web3 wallet comes to bridge the gap. Users can seamlessly switch between CeFi and DeFi, ensuring they are never limited by the boundaries of either environment. It's the best of both worlds, unified under one roof.
Customer service
The Binance Web3 wallet was created to make Web3 as simple as possible. To ensure a hassle-free experience, all users can access Binance's 24/7 customer support as part of the service, or get help with anything they are unsure about. Unlike most Web3 wallets, this one offers the added benefit of having someone you can turn to.
Web3 is easier with Binance
Blockchain technology has seen exponential growth and increase in innovation in the last decade. A key part of this evolution is Web3, the decentralized Internet, which promises to reshape the way we interact online, shifting the power of centralized entities back to individual users. Another integral element to this transformation is a deceptively simple tool: the crypto wallet. You can think of it as a foundational block; a catalyst for change.
And this is why the Binance Web3 wallet is more than just a place to store cryptocurrencies; It is your gateway to the world of Web3. With its user-optimized features and top-notch security, the wallet ensures that both newcomers and seasoned enthusiasts can navigate the decentralized space with security and ease. So, create your wallet, make transactions, make swaps, earn returns and explore the endless opportunities that Web3 makes available to you.
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Disclaimer: Binance Web3 Wallet is an optional product. It is your responsibility to determine if this product is right for you. Binance is not responsible for your access to or use of third-party applications (including functionality built into the Binance Web3 Wallet) and will have no liability in connection with your use of such third-party applications, including, but not limited to, any transaction you dispute. Please review the Binance Web3 Wallet Terms of Use carefully and always do your own research.
