#Binance

What is the Binance Wallet and how does it work?

The Binance Web3 is a self-custody crypto wallet within the Binance app, designed to empower users in the realm of decentralized finance (DeFi). Serving as a digital gateway to blockchain-based applications (dApps), it provides users with a secure and simplified method for managing their cryptocurrencies, executing token swaps across various blockchains.

1. Simple: create a wallet in seconds using your Binance app, without worrying about seed phrases or private keys.

2. Convenient: with integration of Binance Bridge and other providers, the Binance Wallet facilitates easy token swaps between blockchains at better prices. You can explore dApps and generate yield effortlessly with a single touch.

3. Secure: MPC (Multi-Party Computation) technology governs all transactions and mitigates single points of failure to ensure that your assets remain secure. Additional enhanced security features, such as wrong 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-shares, stored individually in locations that include your personal cloud and your device. To gain access to your Binance Wallet, a minimum of two key-shares is required. This mechanism ensures complete user control over their wallet.

5. 24/7 customer support: you can access our customer support 24/7 for assistance.

To start using the Binance Wallet, you will need to download the Binance app. Simply log in to your Binance app and tap on [Wallet]. Switch to the [Web3] tab at the top and click on [Create Wallet] or [Import Wallet]. #BNB #carteira