In addition, the wallet integrates Binance Bridge, which simplifies cross-chain transfers, making them fast, cheap, and secure. Among them there is no Bitcoin but Ethereum, BNB Chain, Polygon, and others.Īlso, when interacting with suspicious smart contracts and addresses, users will be sent a risk notification. ⛓️ The wallet has built-in dApps, which are recognized as safe, and supports more than 30 blockchains.

In this way, MPC lowers the risk of the keys being compromised and reduces the vulnerability of the system'. The first one is stored by Binance, the second one is stored on the user's device, and the third one is stored in the user's cloud storage under a custom password.Īccording to Binance, this 'alters the traditional method of storing private keys by eliminating the need to retain them in one sole location. The private key is divided into three parts. The seed phrase, as in other wallets, is absent here. 🔐 The wallet uses a multi-party computation (MPC) mechanism to protect the private key. The Binance Web3 Wallet is positioned as a 'Self-custody wallet', which means that the funds are on an address within the blockchain and only the wallet’s owner can manage them. This cryptocurrency wallet is built into the Binance mobile app and is already available (except USA users).Įxploring Binance Web3 Wallet main features The presentation of Binance Web3 Wallet took place on the first day of the major Binance Blockchain Week conference in Istanbul. Discover more 👇- Binance November 8, 2023

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