Differences Between Web3 Wallets and Crypto Wallets:

Crypto wallets are specifically built to manage cryptocurrencies like Ethereum, Bitcoin, Cardano, etc. Web3 wallets are designed to provide access to open, transparent decentralized Finance on the blockchain network.

Web3 wallets are digital wallets designed for interacting with Web3 applications, which are decentralized applications built on blockchain technology. They enable users to store and manage their digital assets, such as cryptocurrencies, NFTs, and other digital tokens.

Binance Web3 Wallet employs innovative security measures such as multi-party computation (MPC) to enhance the safety of users' funds. This approach allows for secure and convenient management of private keys without requiring users to remember complex seed phrases.