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The Binance Wallet is a self-custody cryptocurrency wallet included in the Binance app, designed to empower users in the realm of decentralized finance ("DeFi"). It serves as a digital gateway to blockchain-based applications (DApps) and provides users with a secure and optimized method to manage their cryptocurrencies, execute token swaps across multiple chains, earn yields, and interact with a variety of blockchain platforms.
1. Simple: create a wallet in seconds from your Binance app without having to worry about phrases or private keys.
2. Convenient: by integrating with Binance Bridge and other providers, the Binance Wallet facilitates token exchanges between blockchains easily at better prices. You can explore dApps and generate yields effortlessly in just a few steps.
3. Secure: MPC (Multi-Party Computation) technology governs every transaction and mitigates single points of failure to ensure that your assets are secure. Enhanced security features, such as protection against incorrect addresses and detection of malicious contracts, among others, will notify you if a token or blockchain poses a security risk at the time of transaction.