After a first global launch, the Web3 Wallet is now arriving in France to make Web3 more accessible to French users.
Paris, February 5, 2024. Binance, the global blockchain ecosystem behind the world's largest crypto exchange by trading volume, is delighted to announce the launch of its Web3 Wallet in France. After a first global launch, the product is entering France with the aim of responding to the local community's demand for a simple, practical and secure way to explore the world of Web3. Millions of French Binance users can now discover and experience Web3, without fear of losing their mnemonic phrases and without having to follow complex integration processes.
Binance's Web3 Wallet serves as a digital gateway to Web3. This standalone, in-app custody crypto wallet from Binance offers users a simple and secure method to swap thousands of tokens across various networks at very attractive prices. Thanks to this new product, they can also discover a multitude of decentralized applications (DApps), quickly transfer funds between the exchange platform and their wallet, earn returns on their cryptos, and much more, all in one only secure wallet.
“We are excited to bring the cutting-edge technology of Binance’s Web3 Wallet to France, providing our users with a simplified and secure gateway to the world of Web3. This marks a significant step in our commitment to making innovative crypto solutions accessible to the French community,” said David Princay, CEO of Binance France.
“Web3 wallets are much more than just digital asset storage; they are an integral part of the Web3 environment, and allow Internet users to manage their finances themselves with complete confidence,” added David Princay.
For most users, Web3 remains a complex world. Binance's Web3 Wallet was designed above all to offer a quality experience to its users, and also to make the world of Web3 more accessible and intuitive, in order to help Internet users take their first steps in it with complete confidence. Regardless of their level of experience with cryptos, this new Web3 Wallet will be very useful to them. Here are the biggest advantages:
Unparalleled simplicity: Web3 Wallet is directly integrated into the Binance mobile app, allowing users to create and activate their own wallet in seconds. Thanks to this seamless integration, Internet users can access the functionalities of DApps and DeFi without leaving the Binance interface and without having to switch from one platform to another. The use of multi-party calculation (MPC), an advanced security technique, also allows users to no longer risk forgetting or theft of their mnemonic phrase without compromising on the security of their funds thanks to security measures and independent guarding.
A complete and practical tool: with the simplified mechanisms of Web3 Wallet, it is now much easier to grow your cryptos and earn interest on your assets. This wallet includes a range of innovative Earn and DeFi services that allow users to receive rewards through their digital assets. Binance's Web3 Wallet is also the ideal place to explore various DApps, buy crypto at attractive prices with swap functionality while benefiting from high liquidity and low slippage, and carry out cross-border trades. -blockchains on multiple networks with a single gesture.
Robust security: Protecting users and their assets is a top priority. Multi-party computing technology divides a user's private keys into three small parts, called shards. These key fragments are then separated and kept in three separate locations to reduce the risks of hacking incurred by the keys and thus eliminate as many vulnerabilities as possible from the system. Two of these fragments are controlled by the user in accordance with the autonomous custody principle of the Web3 Wallet. Thus, the funds held in the wallet belong exclusively to the user and can only be accessed by the latter. Enhanced security features, such as bad address protection and malicious contract detection, are also included in the product to inform the user if a token or blockchain poses a security risk at the time of transaction.
Richard Teng, CEO of Binance, said: “Determined to increase financial freedom around the world, our goal of improving Web3 accessibility is based on bridging the gap between centralized and decentralized systems. With Binance's Web3 Wallet, we are empowering users by reducing barriers to entry so they can self-custody their assets. The Web3 Wallet serves as a convenient gateway to DeFi empowerment and adoption through user-friendly access and robust security features. Our ultimate priority is to offer Internet users a simple way to discover Web3 alongside us, in a friendly and protected environment.
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About Binance
Binance is the world's leading provider of blockchain and cryptocurrency ecosystem and infrastructure, offering a range of financial products including the largest digital asset exchange platform in terms of of volume. Trusted by millions of people around the world, Binance aims to increase financial freedom for users and offers an unrivaled portfolio of cryptocurrency products and offerings: trading and finance, education, data and research, social progress, investment and incubation, decentralization and infrastructure solutions, and much more. To learn more, visit https://www.binance.com/fr