What is the Binance wallet and how does it work?
The Binance Wallet is a self-custody cryptocurrency wallet in the Binance app, designed to empower users in the world of decentralized finance (DeFi). As a digital gateway to blockchain-based applications (dApps), it provides users with a secure and streamlined method to manage their cryptocurrencies, execute token swaps across multiple chains, earn yield, and interact with a variety of blockchain platforms.
1. Simple: Create a wallet in seconds using the Binance app without worrying about recovery phrases or private keys.
2. Convenient: with integration into Binance Bridge and other service providers, the Binance Wallet allows easier token swaps across multiple blockchains at better rates. You can explore dApps and generate yield effortlessly with a single tap.
3. Secure: The MPC (Multi-Party Computation) technology governs all transactions and mitigates single points of failure to ensure the security of your assets. Additional enhanced security features, such as incorrect address protection and malicious contract detection, etc., will notify you if a token or blockchain presents a security risk at the time of the transaction.
4. Self-custody: the Binance Wallet uses a sophisticated security mechanism that produces three independent key fragments, stored individually in locations that include your cloud and personal device. To access your Binance Wallet, a minimum of two key fragments is required. This mechanism promises total user control over their wallet.
5. 24/7 customer support: You can access our customer support 24/7 for a hassle-free user experience.
Download the Binance app and get started
Start using the Binance Wallet:
1. Log in to your Binance app and tap [Assets]. Switch to the [Wallet] tab at the top.
2. Tap [Create Wallet] to get a keyless wallet or [Import Wallet] to import a recovery phrase or private key from your existing wallet and use it in the Binance Wallet.
3. When the wallet is created, you will be directed to the home page. Add funds to your wallet by tapping the [Receive] button. You can easily receive assets from the Binance Exchange or receive from another wallet by sharing your QR code to receive assets.
Disclaimer: The Binance Wallet is an optional product. It is your responsibility to determine if this product is suitable for you. Binance is not responsible for your access to or use of third-party applications (including features embedded in the Binance Wallet) and should not be held liable regarding your use of those third-party applications, including, but not limited to, any transactions you contest. Please carefully review the Binance Wallet Terms of Use and always do your own research.
