Binance Wallet is an important part of the Binance App, empowering users in the field of decentralized finance (DeFi) and is a user-centric cryptocurrency wallet.
Binance Wallet allows users to easily access blockchains and decentralized applications (DApps). The wallet can safely and efficiently manage users' digital assets, perform token swaps across various blockchain networks, earn returns, and more.
Binance Wallet uses multi-party computation (MPC) technology. This technology is an enhanced cryptographic security system that eliminates the need for users to store private keys in a single location. The wallet uses MPC to create three "key shards" that are stored in the user's wallet, cloud storage, and device. The key shards are also protected by a recovery password that only the user knows.
Binance Wallet Features
Easy to use
Create a Binance Wallet in a few seconds in the Binance App. Unlike other cryptocurrency wallets, Binance Wallet is easy to set up and doesn’t require you to worry about mnemonics or private keys.
Convenience
Binance Wallet seamlessly connects to Binance Bridge and other service providers, making it easy to swap tokens across blockchain networks while ensuring the best exchange rates and prices. Users can also browse DApps and earn returns with just a few taps.
Securities
Binance Wallet also has important security features such as protection against incorrect addresses and identification of potentially malicious smart contracts. When making a transaction, users will be notified if there is a potential security risk to the token or blockchain. In addition, each transaction is strictly checked by multi-party computation (MPC) technology, which reduces the risk of single points of failure and ensures the security of assets.
Self-custody
Binance Wallet is encrypted by three "key shards" and a recovery password that only the user knows, so the assets are fully controlled by the user.
Customer Service
Users can enjoy 24/7 customer service to ensure a safe and smooth experience.
