Last update: 18 March 2025
These Binance Wallet terms of use (“Binance Wallet Terms”) apply to your access and use of the Binance Wallet Services (as defined below).
The Binance Wallet Terms are supplemental to and shall be read together with the General Terms and the provisions set out in the General Terms shall continue to apply to your use of the Binance Wallet Services. These Binance Wallet Terms constitute Product Terms within the meaning of the General Terms. References in the General Terms to the Binance Services shall include references to the Binance Wallet Terms contemplated hereunder. In the event of any conflict or inconsistency between these Binance Wallet Terms and the General Terms, these Binance Wallet Terms shall prevail with respect to the services contemplated hereunder, unless expressly stated otherwise.
1. SCOPE AND ACCEPTANCE OF THESE TERMS
These Binance Wallet Terms govern your access to and use of the Binance Wallet Services. By accessing and using the Binance Wallet Services and creating a Binance Wallet, you agree to these Binance Wallet Terms.
The Binance Wallet Terms do not govern your use of Third-Party Services. Your reliance on and use of Third-Party Services through the Binance Wallet Interface will generally be subject to separate terms and conditions prescribed by a Third-Party Service Provider relating to the applicable Third-Party Service. Those terms and conditions may involve separate fees and charges and / or may include disclaimers or risk warnings about reliance on or the accuracy of any information. Such Third-Party Service Providers may also apply a privacy policy different from the one which Binance maintains. It is your responsibility to understand the terms and conditions of Third-Party Services, the risks associated with the use of these Third-Party Services, including how those Third-Party Service Providers use any of your information under their privacy policies.
Please read these Binance Wallet Terms carefully to understand your rights and obligations.
2. DEFINITIONS
These definitions shall apply to these Binance Wallet Terms when they are used with a capitalized word. Unless otherwise defined below, other capitalized words used in these Binance Wallet Terms and not defined hereunder shall have the same meaning given to them in the General Terms.
Aggregated Wallet has the meaning given in clause 4.1.2 of these Binance Wallet Terms.
Binance Wallet refers to the keyless multi-party computation Digital Asset wallet accessible through the Mobile App.
Binance Wallet Interface refers to the application-hosted user interface labeled as “Web3” in the Mobile App and the services accessible through it as described in clause 4.2, accessible through the Mobile App, subject to you creating a Binance Wallet and maintaining a regular Binance Account.
Binance Wallet Services means the Wallet Services and the Binance Wallet Interface. The Binance Wallet Services do not include any Third-Party Services.
Blockchain refers to a permissionless public online ledger supporting the distributed recording of encrypted data, e.g., the BNB Chain or the Ethereum blockchain. Blockchains supported by the Binance Wallet are made available to you in the dedicated section of the Binance Wallet Interface.
Blockchain Address refers to a unique sequence of numbers, letters and cryptographic functions stored and recorded on a Blockchain.
DApp means a third-party protocol and / or application interacting with a Blockchain.
General Terms means the Binance general terms of use, as made available here.
Third-Party Service means any service, asset, product or feature accessible through the Binance Wallet Interface which is not provided, issued, operated or maintained by Binance or a Binance Affiliate, such as Digital Assets, information services, DApps (including third-party decentralized exchanges or so-called DEXs, lending and borrowing protocols, staking or other yield-generating protocols), and / or any service identified as a third-party service in these Binance Wallet Terms.
Third-Party Service Provider means any person (not being Binance or a Binance Affiliate) providing, issuing, operating or maintaining a Third-Party Service, including a Third-Party Issuer and any other person identified as a third-party service provider in these Binance Wallet Terms.
Wallet Services refers to the Binance Wallet and the Wallet Aggregation Services.
Wallet Aggregation Services refers to the services described in clause 4.1.2 of these Binance Wallet Terms.
Warnings has the meaning given in clause 9 of these Binance Wallet Terms.
3. USER ELIGIBILITY AND ACCESS TO THE BINANCE WALLET SERVICES
In order to access the Binance Wallet Services and create a Binance Wallet, you must have a regular Binance Account not subject to any restrictions or limitations, and maintain such a Binance Account in accordance with the General Terms and requirements provided by Binance. Your Binance Wallet is tied to your Binance Account and you must hold a regular Binance Account at all times in order to use and access your Binance Wallet and the Binance Wallet Services without restrictions and limitations.
4. THE BINANCE WALLET SERVICES
Upon confirming your eligibility, Binance may create a Binance Wallet and provide you with the Binance Wallet Services as described below. Binance may, at its sole discretion, reject your request to create a Binance Wallet or refuse to provide you with the Binance Wallet Services at any time and from time to time, including without limitation if Binance considers appropriate to comply with any Applicable Law.
When creating a Binance Wallet, you must follow the required steps as outlined to you in the Mobile App. In particular, you will be invited to back-up your Binance Wallet and Binance strongly recommends that you use the Recovery Service (as defined below) and appropriately back-up your Binance Wallet at the moment of the creation of your Binance Wallet.
4.1. Wallet Services
The Wallet Services include the Binance Wallet and the Wallet Aggregation Services.
4.1.1. The Binance Wallet
The Binance Wallet is a multi-party compute (MPC) Digital Asset wallet which allows you to:
● store and maintain Digital Assets on Blockchain Addresses that you control;
● send or receive Digital Assets to and from third-parties;
● transfer Digital Assets to and from Blockchain Addresses controlled by Binance reflecting the Digital Assets you hold on your Binance Account, including to seamlessly pay for network fees;
● send Digital Assets or otherwise interact or transact with Third-Party Services;
● view your Digital Assets holding on different Blockchain Addresses across different Blockchains;
● view the history of transactions made with your Binance Wallet; and
● manage authorisations and approvals granted to Third-Party Services.
Your Binance Wallet relies on multi-party compute (MPC) technology, a technology that uses cryptography and alters the traditional method of storing cryptographic private keys by eliminating the need to retain them in one sole location. Your private keys are divided into three key shares (also known as ‘shards’) and you understand and agree that out of these three key shares, (i) only one is stored and controlled by Binance and (ii) two are stored on your mobile device and controlled by you through such device.
You have the option and the ability to back-up one of these two key-shares stored on your mobile device via the methods made available to you through the Mobile App (hereafter, “Recovery Service”).
As part of the Recovery Service, you can back-up with the various methods made available on the Binance Wallet Interface, which include:
● Quick Back-Up: if you use the quick back-up method, an encrypted copy of one of the two key shares stored on your device will be backed-up by a third-party service provider who will ensure the safeguarding of such key shares. You acknowledge and agree that Binance may sub-contract the storage and management of the encrypted version of this key share. If you lose access to or control of your device or otherwise lose access to or control of your Binance Wallet, you will be able to recover your Binance Wallet by undertaking the verification process required by Binance, including by going through a multi-factor authentication process. You understand and accept that Binance does not have access to key shares stored and managed by third-party service providers and that only you can trigger the recovery of your Binance Wallet by successfully undertaking the verification process required by Binance.
● Cloud Back-Up: if you use the Cloud Back-Up method, an encrypted copy of one of the two key shares stored on your device will be backed up using third-party cloud services such as iCloud Drive and Google Drive (“Cloud Services”) and you will have a recovery password that you must remember and store safely. If you lose access to or control of your device or otherwise lose access to or control of your Binance Wallet, you may recover your Binance Wallet relying on such Cloud Service and Binance. To recover your Binance Wallet in this situation, you must have access to these Cloud Services and input the recovery password.
● QR Code: if you use the QR Code method, an encrypted copy of one of the two key shares stored on your device will be backed-up using a third-party service and you will have a recovery password that you must remember and store safely. If you lose access to or control of your device or otherwise lose access to or control of your Binance Wallet, you may recover your Binance Wallet relying on this QR Code Method. To recover your Binance Wallet in this situation, you must have access to your recovery password and QR Code.
You acknowledge and agree that Binance may change the characteristics of the Recovery Service and add, remove, discontinue or modify any of these back-up methods from time to time as it considers appropriate.
While the Recovery Service is optional, Binance strongly recommends you to use such service which will facilitate the recovery of your Digital Assets if you lose access to your Binance Wallet. You understand and agree that if you do not activate the Recovery Service by one of the available methods, you may permanently lose access to the Digital Assets in your Binance Wallet, and that Binance shall bear no liability whatsoever for any financial or other loss resulting from you losing access to your Binance Wallet. It is your responsibility to verify that your key shares are properly backed up, using the Recovery Service or any other method that you see fit. In particular, you acknowledge and understand that clearing your device's cache could result in the loss of such key share and you undertake to verify whether the Recovery Service is properly functioning regularly and as notified to you by Binance from time to time in the Mobile App.
You understand and agree that:
● (i) out of the three key shares, two are necessary to initiate transactions and exercise control over the Blockchain Addresses associated with your Binance Wallet;
● (ii) Binance never has access to nor control over two key shares and therefore does not exercise control over the Digital Assets in your Binance Wallet;
● (iii) Binance does not hold, or have control over, the assets held on Blockchain Addresses controlled by you, through your Binance Wallet;
● (iv) Binance does not provide you with any deposit, fiduciary, custody or trust services, but rather merely allows you to create and use the Binance Wallet, while safeguarding one key share out of three for recovery purposes only.
4.1.2. Wallet Aggregation Services
The Wallet Aggregation Service provides a unified view of your Digital Asset holdings through the Binance Wallet Interface by importing the private keys of third-party Digital Asset wallets in order to control and use those associated Blockchain Addresses (“Aggregated Wallet”). You may send, receive or transfer Digital Assets using your Aggregated Wallet through the Binance Wallet Interface.
In contrast to the Binance Wallet, Binance does not provide any recovery or back-up service in relation to your Aggregated Wallet. You understand and accept that you are solely responsible for the retention and security of your private key(s) and any mnemonic phrase (“Secret Phrase”) associated with your Aggregated Wallet. You must keep your Blockchain Addresses, Secret Phrase, and private key access of Aggregated Wallet secure. It is very important that you backup your private keys, backup phrases or passwords associated with your Aggregated Wallet. Failure to do so may result in the permanent loss of control of Digital Assets associated with your Aggregated Wallet. You acknowledge and accept that any Digital Assets that are associated with such wallet address may permanently become inaccessible and the loss of funds may not be recoverable, if you lose access to the Wallet Aggregation Services or the Binance Wallet and you have not safely stored a backup of any wallet address and private key pairs maintained in your Aggregated Wallet. Binance shall not be liable for any losses or damages arising directly or indirectly from the loss of access to the Wallet Aggregation Services or the Binance Wallet or from the loss, deletion, or destruction of any private keys, backup phrases or passwords associated with your Aggregated Wallet.
4.2. The Binance Wallet Interface
The Binance Wallet Interface is a mobile front-end software interface which provides you access to third-party digital asset services including:
● a quote aggregation service for exchanging Digital Assets against other Digital Assets on the basis of quotes provided to you in real time (“Swap Feature”);
● access to Third-Party Services offering yield-generating services subject for you to transfer and lock your Digital Assets in smart contracts operated by third-parties (“Earn Feature”);
● access to Airdrops, rewards and marketing campaigns (“Campaigns”) offered by Binance or third-party token issuers (“Third-Party Issuers”)
● information on market data and signals, Digital Assets prices, non-fungible tokens and other Digital Asset market-related information (“Market Data Services”);
● a selection of Digital Assets available to purchase through Third-Party Services (“Binance Alpha”) ; and
● access to a web-browser integrated into the Binance Wallet Interface (“Search Feature”).
4.2.1. Swap Feature
You may engage in transactions involving the exchange of Digital Assets for another form of Digital Assets through the Binance Wallet Interface. You understand and agree that when using the Swap Feature, you will receive quotes aggregated by Binance which may originate from Third-Party Services and / or from Binance. These quotes are provided for your information only, and you are solely responsible for determining whether to enter into a transaction at the price and fees displayed to you in a quote.
a) Swap through a Third-Party Service
When a quote is obtained from Third-Party Services, you understand and acknowledge that Binance only aggregates such quotes from the Third-Party Services for your reference purposes. Binance does not control and is not responsible for the Third-Party Service Providers or the quotes provided by Third-Party Services, nor is Binance the party providing you with the price that is displayed through the Binance Wallet Interface. Binance does not execute nor transmit any of your orders, but rather provides you with direct access to aggregated quotes.
Consequently, Binance does not provide any assurance or guarantee in any way that you will be able to enter into a transaction at the prices quoted from Third-Party Services which are displayed to you through the Binance Wallet Interface, nor does Binance represent in any way or provide any assurance that such quotes constitute the best price available on the market at any given time.
When you accept a quote originating from a Third-Party Service, you are deemed to understand and agree that you will enter into a transaction with an anonymous third-party through the Third-Party Service and that Binance will not be involved in such a transaction. You irrevocably acknowledge and agree that (i) entering into a swap through a Third-Party Service can expose you to price slippage and therefore lead to a loss of value of your Digital Assets; (ii) it is your sole responsibility to assess whether a quote displayed meets your requirements, including the parameters provided by the Third-Party Service in order to manage any price slippage that may be suffered and (iii) interacting with a Third-Party Service may expose you to a range of other risks including without limitation security risks and risk of loss of funds, particularly if such third-party DEX has been compromised and you inadvertently authorise a malicious actor to access your Binance Wallet.
b) Swap with Binance
You may use the Binance Wallet Interface to obtain quotes directly from Binance. When you proceed to a Swap transaction directly with Binance, you agree that you will enter into a transaction with Binance or a Binance Affiliate, as applicable depending on the jurisdiction where you are located and the relevant Binance Affiliate offering you Binance Services.
If you request a quote from Binance Flow, Binance may (but is not obliged to) provide a non-binding, indicative and discretionary quote for the conversion (each, a “Binance Quote”), which you may confirm or decline within such a period of time as Binance may, in its sole discretion, specify.
It is your responsibility to assess the terms of the Binance Quote (including, without limitation, the quoted price) and to decide whether or not to confirm the Binance Quote within the specified time.
Your confirmation of the Binance Quote constitutes an irrevocable formal trade request to Binance to enter into a transaction at the price provided in the related Binance Flow Quote ( hereafter “Trade Request”).
With respect to each transaction, your submission of the related Trade Request will trigger Digital Assets to move on the blockchain from your Binance Wallet address to an address controlled by Binance, in exchange of which Binance will deliver to you the Digital Assets you purchased on your Binance Wallet address.
You understand and accept that the submission of a Trade Request and entering into a transaction with Binance will trigger the payment of applicable network fees and possible price slippage, as provided to you on the Binance Wallet interface.
c) Swap using Binance Bridge
You may use Binance Bridge to (i) send a Digital Asset from one blockchain network to another (“Bridge Transaction”) or (ii) proceed to a Bridge Transaction and at the same time exchanging Digital Assets against other Digital Assets (“Cross-Chain Swap”), together, “Binance Bridge”.
When you proceed to a Cross-Chain Swap, you acknowledge and agree that you will enter into a transaction with Binance or a Binance Affiliate, as applicable depending on the jurisdiction where you are located and the relevant Binance Affiliate offering you Binance Convert. Any Cross-Chain Conversion is subject to the relevant provisions of the Convert Product Terms and by accepting a quote bearing the Binance Bridge label, you agree to be bound by the Convert Product Terms. Proceeding to a Cross-Chain Swap is subject to applicable fees that will be disclosed to you prior to any transaction.
When you proceed to a Bridge Transaction, you agree that you will enter into a transaction with Binance or a Binance Affiliate, as applicable depending on the jurisdiction where you are located and the relevant Binance Affiliate offering you Binance Services. The relevant provisions of the General Terms on Withdrawals apply to any Bridge Transaction you enter into. Withdrawal fees may apply to your use of Binance Bridge.
Your use of Binance Bridge is subject to your compliance with the General Terms and Binance shall not be liable of any loss in a situation where a Bridge Transaction or a Cross-Chain Swap fails because of blocks or restrictions applied to your Binance Account.
d) Swap using your Binance Account
When using the Swap Feature to conduct a Swap through a Third-Party Service (such as a DEX) and your Binance Wallet, you may elect to use the balance of Digital Assets in your Binance Account provided that you have a sufficient amount of the relevant Digital Asset in your Spot Account or your Funding Account. To do so, you must click on the corresponding feature as displayed in the Binance Wallet Interface.
If you select to use such functionality, you understand and agree that (i) the Digital Assets in your Binance Account will be locked subject to a Conversion within the meaning of the Binance Pay terms and converted into a stablecoin determined by Binance in its discretion, (ii) thereafter, Binance or a Binance Affiliate will convert the stablecoin into the form of Digital Assets that you want to acquire by acquiring such Digital Assets from the Third-Party Service, delivering such Digital Assets to the Blockchain Address controlled by your Binance Wallet and deducting the stablecoin from your Binance Account; (iii) the Binance Pay Terms will apply to such conversion of Digital Assets in your Binance Account into stablecoin and the Convert Product Terms will apply to the subsequent conversion of stablecoin into the Digital Asset that you want to acquire and (iv) as with any transaction occurring through a Third-Party Service and particularly through a decentralized exchange, such Transaction may fail for a variety of reasons including without limitation blockchain congestion.
If the Transaction succeeds, the Digital Assets you want to acquire will be delivered to the Blockchain Address controlled by your Binance Wallet. You acknowledge and agree that the relevant amount of Digital Assets required to effect the Transaction may be converted into a stablecoin, at the applicable rate at the moment that you elect to enter into the Transaction, and this conversion into stablecoin will not be reversed if the Transaction fails. Accordingly, if you elect to enter into a Transaction, you will cease to hold the Digital Assets that you intended to use with the Swap feature and will instead hold a stablecoin, even if the Transaction fails.
e) Swap using the QuickBuy Feature
When you purchase an Alpha Asset, you understand and agree that a Digital Asset Transaction will be executed through a pre-determined DEX Third-Party Service selected by Binance, on the basis of different automated parameters such as historical data on transactions and fees, price slippage, market volatility, the native token of the Blockchain network on which you are conducting the Transaction and that these parameters may vary depending on the Blockchain on which you enter into such Transaction. You accept that an automated price slippage adjustment will be applied to your purchase, and that you may not obtain the best price to purchase an Alpha Asset at a given time.
f) Entering into the Transaction
After accepting the specified quote by clicking on the relevant functionality of the Binance Wallet Interface, you will enter into an irreversible transaction. You understand and accept that the relevant Blockchain Address controlled by your Binance Wallet will interact with Binance or the Third-Party Service you have selected and that you will enter into a transaction with Binance or such third-party.
Whether you enter into a transaction with Binance or with a third-party through a Third-Party Service, it is your responsibility to check the competitiveness of the price and decide whether to accept the quote that is displayed.
4.2.2. Earn Feature
Through the Binance Wallet Interface, you may access yield-generating Third-Party Services offered by Third-Party Service Providers for Digital Assets. Binance only provides you with an interface to view and deal with these Third-Party Services. Binance does not make any representation, warranty, guarantee or provide any assurance whatsoever on the suitability of the Third-Party Service made available to you. You acknowledge and agree that by clicking on the relevant functionality through the Binance Wallet Interface, you will transfer your Digital Assets from a Blockchain Address controlled by you to a Third-Party Service, including a DApp, smart contract and / or a protocol controlled by a third-party (and not Binance or any Binance Affiliate), exposing you to certain risks as identified in clause 8 of these Binance Wallet Terms.
You will be subject to the terms and conditions and functionalities of the Third-Party Service and relevant smart contract and / or protocol functionality. Depending on the terms and conditions to which you agree, your Digital Assets may be locked into the relevant Third-Party Service and smart contract or protocol and redeeming or withdrawing your Digital Assets may be subject to certain conditions or limitations. You understand and agree that if the relevant DApp, smart contract or protocol suffers any incident, which may include without limitation a hack or some other security breach, your Digital Assets may be affected and may result in permanent loss at the time of or after the occurrence of the incident.
By using the Earn Feature, you acknowledge and agree (i) to be referred by Binance to the relevant Third-Party Service (ii) Binance or Binance Affiliates may earn rewards, commissions, profit sharing, or any other form of remuneration in respect of such referral, which may take the form of Digital Assets, points or any other form of reward provided by the Third-Party Service and (iii) that you will have no right to share in or benefit from, nor will you have any direct or indirect interest in or entitlement to, any part of the Digital Assets or other rewards that may be received by Binance or Binance Affiliates in respect of such referral.
4.2.3. Access to Campaigns
The Binance Wallet Interface will grant you access to Campaigns offered through the relevant section of the Binance Wallet Interface, including without limitation the section labeled “Airdrop”. The Campaigns displayed in the Binance Wallet Interface may not be offered by Binance and may include Campaigns that are designed, managed and/or operated by Third-Party Issuers. You acknowledge and agree that, while Binance may cooperate with Third-Party Issuers to offer you the ability to access Campaigns and token rewards, Binance does not in any way directly or indirectly vet, endorse or approve any Third-Party Issuers or Campaigns that may be accessible by you through the Binance Wallet Interface from time to time.
The amount of rewards offered in the context of a Campaign and the terms and conditions to obtain such rewards and participate in the Campaign will vary for each Campaign and will depend on the terms and conditions for the relevant Campaign as determined by the relevant Third-Party Issuer that operates and manages the Campaign or by Binance (in the case of Binance operated Campaigns), in each case as notified to you in the Binance Wallet Interface. You acknowledge and agree that Third-Party Issuers will determine the terms and conditions of each Campaign that they operate and manage, including without limitation the tasks or missions that are made available to you. By accepting the terms and conditions for a Campaign that is managed and operated by a Third-Party Issuer, as such terms and conditions made are available to you through the Binance Wallet Interface, you irrevocably agree to be bound by such terms and conditions and enter into a contractual relationship with the Third-Party Issuer in relation to the relevant Campaign. For the avoidance of doubt, Binance will not be a party to any contract that you enter into with a Third-Party Issuer in respect of a Campaign that is operated and managed by a Third-Party Issuer and Binance will have no liability or responsibility whatsoever to you with respect to your participation in, and entitlement to receive rewards, from such Campaign.
Rewards in any form that are allocated to you in connection with a Campaign will be unlocked and transferred to one of your Binance Wallet Blockchain Addresses (or your Binance Account if such rewards do not constitute Digital Assets stored and issued on a Blockchain) at the end of the relevant Campaign, subject always to your compliance with the terms and conditions of such Campaign. Participation in a Campaign is subject to eligibility, including, without limitation based on your country or region of residence and Binance’s KYC and compliance procedures.
4.2.4. Market Data Services
You may access Market Data Services through the Binance Wallet Interface. Any market-related information or trading signals on prices, Digital Assets, projects, DeFI protocol or any other information made available to you through the Binance Wallet Interface is provided for your information only and does not constitute an endorsement or recommendation from Binance. Information made available to you may be aggregated by Binance on the basis of various parameters such as trading volume, liquidity, and other data such as social media activity. You understand and accept that Binance does not guarantee a strict availability or accuracy of Market Data Services. The content provided in the context of the Market Data Services may be submitted or taken from unrelated third-party providers or sources. Binance does not review or monitor content for accuracy, completeness or reliability, and does not warrant or guarantee the accuracy, completeness, reliability or any other aspect of any content.
4.2.5. Binance Alpha
Binance may feature certain Digital Assets in a dedicated section of the Binance Wallet Interface labelled as Binance Alpha (“Alpha Assets”). You understand and accept that Alpha Assets are not issued or endorsed by Binance, that the featuring of a token as an Alpha Asset does not imply directly or indirectly that such token will be listed on the Binance Exchange.
Digital Assets prices can be extremely volatile, particularly for Digital Assets presenting a certain novelty or with low total market capitalisations, such as the Alpha Assets, which means that the value of your investment in the Alpha Assets may decline and you may lose all or part of the value of any amount invested in Alpha Assets. The risk of loss of all or part of your investment is magnified with Binance Alpha assets as they are subject to increased price volatility. Binance provides no assurance or guarantee whatsoever that the value of Alpha Assets will increase in value following their inclusion on the Binance Wallet Interface.
4.2.6. Search Feature
You may search and access websites on the internet through the Search Feature. You should exercise caution when visiting third-party websites and clicking on links, as well as carefully consider and understand the terms and conditions of any websites that you access. While Binance may from time to time screen some (but not all) websites and may from time to time provide security warnings in respect of potentially malicious or high-risk websites, Binance will not in any circumstances be responsible or liable for the consequences of you accessing a third-party website. Binance does not review, monitor, endorse or control any third-party websites, and does not warrant, guarantee or provide any assurance as to the accuracy, completeness, reliability or any other aspect of third-party websites.
You must not use the Search Feature to engage in any illegal or malicious activities or visit any websites which are prohibited by any Applicable Law. Binance may, at its sole discretion, restrict access to certain websites available through the Search Feature.
From time to time, the Search Feature may also display DApps, smart contracts or protocols. You understand and accept that such DApps, smart contracts or protocols displayed through the Search Feature are not offered by Binance but are managed and operated by Third-Party Service Providers. Binance does not vet, endorse or approve any DApps, smart contracts or protocols that can be accessed by you through the Search Feature.
5. FEES
5.1. Binance Fees
Binance may charge fees in consideration of providing you the Binance Wallet and the Binance Wallet Services. Any fees that Binance charges you will be disclosed at the time you access the relevant Binance Wallet Services and/or are made available to you on the Binance Wallet Interface.
Trading fees apply to the use of the Swap, Binance Bridge and QuickBuy Features. These fees will be disclosed to you prior to any Transaction.
Such fees may be subject to change from time to time as Binance determines in its sole discretion, which may include introducing new fees and/or charges or increasing or otherwise varying existing fees and charges. If you do not accept changes to fees, you are free to close your Binance Account in accordance with the General Terms. Your continued access to or use of the Binance Wallet Services will be deemed acceptance of any new or increased or varied fees and/or charges.
5.2. Network Fees
Blockchain transactions require the payment of transaction fees to the appropriate network (e.g. so-called gas fees). You will be solely responsible to pay transaction fees for any transaction that you initiate via the Binance Wallet Interface. These fees may be charged in addition to fees that are charged by Binance (if any).
You must ensure that you have an adequate balance in the relevant Blockchain Addresses controlled by your Binance Wallet or Aggregated Wallet to complete transactions before initiating a transaction. Binance shall not be liable for any failed transactions due to insufficient funds in your Binance Wallet or Aggregated Wallet.
5.3. Third-Party Service Provider Fees
You may incur charges from Third-Party Service Providers for use of Third-Party Services, including but not limited to fees via the DApps that you may access via the Binance Wallet Interface. You should carefully consider whether such fees are appropriate for you.
5.4. Gas Account
You may decide to use Digital Assets held through your Binance Account to pay for network fees for transactions initiated through your Binance Wallet (“Gas Account Service”). When you use the Gas Account Service, Binance will advance the relevant amount of network fees and you agree to trigger a withdrawal from your Binance Account to a Blockchain Address controlled by Binance in order to pay for the relevant network fees to Binance. You understand and agree that the relevant provisions of the General Terms on “Withdrawals” shall apply where you use the Gas Station Service, and that such provisions are provided to you by the relevant Binance Affiliate.
6. DISCLAIMER OF WARRANTIES AND LIMITATIONS OF LIABILITIES
The Binance Wallet Services and Binance Wallet allow you to engage in and access ‘Web3’, including Third-Party Services, Campaigns offered by Third-Party Issuers, and market-related information and websites published by Third-Party Service Providers. You acknowledge and agree that Binance does not own, control, verify or endorse any Third-Party Service Provider, nor does it warrant or guarantee the accuracy, completeness, reliability or any other aspect of any materials, content, services, products or transactions by any Third-Party Service Provider. Binance may be unable to provide any or all of the Binance Wallet Services or the Binance Wallet as a result of any disruption or failure on the part of any Third-Party Service Provider. You are solely responsible for determining whether to use the Binance Wallet Services and the Binance Wallet to engage with any Third-Party Service Provider.
The Binance Wallet Services and Binance Wallet are provided on an “as is” and “as available” basis without any representation or warranty, whether express or implied, to the maximum extent not prohibited by Applicable Law. Specifically, Binance disclaims any implied warranties of title, merchantability, fitness for a particular purpose and/or non-infringement for the Binance Wallet Services and Binance Wallet. Binance may, from time to time, suspend access to the Binance Wallet Services and Binance Wallet at its discretion, including for scheduled and emergency maintenance. Binance makes no representations or warranties that the Binance Wallet Services and the Binance Wallet will be continuous, uninterrupted, timely or error-free.
Without prejudice to any other provision in these Binance Wallet Terms and the General Terms, you hereby acknowledge and agree that in no event will Binance or any Binance Affiliate be responsible or liable to you or any other person or entity for:
a. any loss arising out of or in connection with any Third-Party Services or any action, conduct or omission of any Third-Party Service Provider, including any application, Digital Asset, protocol, software, feature, transaction or information provided, issued, operated, executed or maintained by such third-party;
b. any loss of Digital Assets arising from your failure to appropriately secure, store or back-up your Binance Wallet or Aggregated Wallet;
c. any transaction entered through the Swap Feature, Earn Feature or Campaign between you and a third-party (including a Third-Party Service Provider) or made through a Third-Party Service;
d. any risk identified in clause 8 of these Binance Wallet Terms (Assumption of Risks);
e. any action or inaction in accordance with these Binance Wallet Terms;
f. Binance’s decision to restrict, suspend or terminate your access and / or use of the Binance Wallet Services or the Binance Wallet; or
g. any limits or restrictions Binance may apply to your access and / or use of the Binance Wallet Services or the Binance Wallet, from time to time.
7. SUPPORTED BLOCKCHAINS
Your Binance Wallet only supports the Blockchain protocols listed in the relevant section of the Mobile App (e.g. the section labeled as “Networks”). Under no circumstances should you attempt to use your Binance Wallet to store, send, request, or receive any assets on Blockchains or other forms of distributed protocols that are not supported by the Binance Wallet. Binance assumes no responsibility in connection with any attempt to use your Binance Wallet with Blockchains or other forms of distributed protocols that are not supported by the Binance Wallet. You acknowledge and agree that Binance is not liable for any Digital Asset that is sent to your Binance Wallet on an unsupported blockchain protocol. You should consult regularly the list of available Blockchains in the Binance Wallet Interface.
8. ASSUMPTION OF RISKS
By creating a Binance Wallet and using the Binance Wallet Services, you represent and warrant that you have read and understood the Binance Wallet Guide, which is made available to you here.
You also represent and warrant that you are financially and technically sophisticated enough to understand the inherent risks associated with using cryptographic and blockchain-based systems, and that you have a good understanding of Digital Assets such as crypto-assets, stablecoins, NFTs and other types of Digital Assets, as well as the functioning of Blockchains, the concept of Blockchain Addresses, wallet, seed phrase and multi-party computation (MPC) technology.
In particular, you understand that the markets for these Digital Assets - particularly the markets labeled as belonging to “Decentralised Finance” or “DeFi” or more broadly “Web3” and that you can access through the Binance Wallet Interface are nascent and highly volatile due to risk factors including, but not limited to, adoption, speculation, technology, security, and regulation. You understand that anyone can create a token, including fake versions of existing tokens and tokens that falsely claim to represent viable projects, and acknowledge and accept the risk that you may mistakenly trade those or other tokens. The fact that you can access a token, a DApp, a smart contract or a protocol through the Binance Wallet Interface does not mean that Binance or a Binance Affiliate endorses it or has undertaken a due diligence on it. The Binance Wallet Interface is a gateway that may be used by you to access unregulated, innovative third-party services, and you should be cautious and exercise the utmost care when you access such services.
You also understand that smart contract transactions automatically execute and settle, and that Blockchain based transactions are irreversible when confirmed. You acknowledge and accept that the cost and speed of transacting with cryptographic and Blockchain based systems are variable and may increase dramatically at any time. The network fees associated with certain Blockchain transactions can be extremely high and sometimes higher than the value of your transaction.
You further understand and acknowledge that Third-Party Services such as protocols, DApps, ‘DeFi’ services can be subject to hacks and malicious attacks, which can result in the loss of the funds held on the Blockchain Addresses accessible through your Binance Wallet. You must carefully review any interaction with Third-Party services, and particularly, DApps, protocols and smart contracts. Granting an authorisation to a Third-Party Service to access or spend your funds can result in a loss of funds even a long period after you granted such authorisation, as any authorisation or approval you grant may stay valid indefinitely. To avoid potential financial losses and to manage your risks, you should carefully manage authorisations granted by you to Third-Party Services such as smart contracts and protocols, particularly by using the relevant function offered by the Binance Wallet Services and accessible through the Binance Wallet Interface and other relevant services, allowing you to manage your smart contract approvals.
In summary, you agree and acknowledge that Binance is not responsible for any variables or risks, does not own or control Third-Party Services, and will not be liable in any circumstances for any resulting losses that you may experience while accessing or using Third-Party Services. Accordingly, you irrevocably and unconditionally undertake and agree to assume full responsibility for all risks associated with accessing and using the Binance Wallet Interface to interact with Third-Party Services.
9. SECURITY AND WARNINGS
Certain transactions, Third-Party Services and other services accessible through the Binance Wallet Interface are subject to various security screenings and checks. You may receive alerts and warnings, inviting you to carefully review certain transactions, authorisations or approvals you may grant to Third-Party Services (“Warnings”). You understand and agree that these Warnings are provided for your information only and that Binance cannot guarantee with absolute certainty that a Third-Party Service is safe or without any risk. You acknowledge and accept that in case you decide to proceed with a transaction, approval or authorisation despite the notification of a Warning, you may expose yourself to a variety of risks, including potential loss of funds and / or your personal data that may be associated with your Binance Wallet and your Aggregated Wallet. Binance recommends that you do not enter into any transaction or action if you have been notified of a Warning.
10. RESTRICTIONS AND LIMITATIONS
Binance may, at its sole discretion, limit your access to and / or use of the Binance Wallet and the Binance Wallet Services in part or in whole, and in certain situations, without providing any prior notice to you, as this may be required by any Applicable Law or because you violated the General Terms.
You understand and agree that any restriction or limitation on your Binance Account, such as the inability to enter into Transactions or access the Binance Services may result in restrictions and limitations to the Binance Wallet Services. In particular, Binance may, at its sole discretion, restrict your access to the Binance Wallet Interface which will prevent you from accessing Third-Party Services with your Binance Wallet and through the Binance Wallet Interface. You are reminded that in order to access your Binance Wallet through the Mobile App, you must maintain and hold a Binance Account in accordance with the General Terms at all times.
Termination of your Binance Account for any reason whatsoever, including any reason under the General Terms, may result in losing access to the Binance Wallet Services.
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