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👉Binance Web3 Wallet — Issues and Concerns
Trading Section
Binance Exchange requires a minimum of $0.01 to trade. However, in the Web3 Wallet, even if a user holds $0.10 worth of tokens, gas fees for trading can be extremely high (around $0.25–$0.35).
This creates a major barrier — why would a user with a small balance even consider trading if gas fees are multiple times their balance?
Airdrop and Rewards Section
On the Binance Exchange, all eligible users typically receive small rewards (sometimes as low as $0.001).
In the Web3 Wallet, however, airdrops are limited to a small number of winners (e.g., only 10,000 users), leaving the majority without any reward.
As a result:
Many loyal Binance users feel "unlucky" or excluded.
Airdropped coins are often immediately dumped by the few who receive them, leading to a price crash and a failed airdrop campaign.due to sellof conditions
Most Web3 users, especially those with small balances (estimated 90% of users), are completely left out, while only whales (around 10%) benefit.
Earn Section
The Earn section in Binance Web3 is not attractive:
It lacks consistency and regular opportunities.
High gas fees make it almost impossible for small users to participate.
Swap and Bridge Section
Swap and bridge operations are very slow.
Gas fees are also unusually high compared to other wallets.
Performance Issues
The Web3 Wallet often operates very slowly.
Users frequently need to clear the app cache just to get it working properly.
Activity Integration Problems
Many Web3 activities require linking with platforms like X (Twitter), Telegram, or official websites.
In many countries, X and Telegram are blocked without a VPN.
If users connect VPNs to access X or Telegram, the Web3 Wallet often malfunctions, making it impossible to complete activities.
Compared to other Web3 wallets, Binance’s Web3 speed and performance are much worse.very very low
