Binance Web3 Wallet
What is Binance Web3 Wallet?
Binance Web3 Wallet 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 offers users a secure and streamlined method to manage their cryptocurrencies, execute token swaps across multiple chains, earn yields, and interact with a variety of blockchain platforms.
What are the benefits of using Binance Web3 Wallet?
Binance Web3 Wallet is the easiest way to get involved with Web3. It offers users a secure and streamlined method to manage their cryptocurrencies, execute token swaps across multiple chains, earn yields, and interact with a variety of blockchain platforms.
Simple: Create a wallet in seconds using your Binance app without having to worry about seed phrases or private keys.
Convenient: With integration to Binance Bridge and other providers, Web3 wallet fosters easy cross-blockchain token swaps at better prices. You can explore dApps and generate yield effortlessly with a single click.
Secure: MPC (multi-party computation) technology governs every transaction and mitigates single points of failure to ensure that your assets are SAFU.
Setting up the Web3 Wallet
Web3 wallet is part of the Binance app, open your Binance app on your cellphone. If you don’t have the app, you can download it for Android PlayStore or iOS AppStore.
Sign-in to your Binance account. Once you’re on the home page, tap the ‘Wallet’ tab in the bottom right.
On the top of your wallet, you’ll see two options ‘Exchange’ and ‘Web3’. Exchange is the default option. Tap ‘Web3’.
Now tap the ‘Create Wallet’ button.
Within a few seconds, your Binance web3 wallet will be created.
Once the wallet is created, you’ll be asked to backup your wallet. Do that by clicking ‘Back Up Now’.
You can back up to the cloud or back up through QR code. Choose the type of back up you want to do and complete the process.
Connecting Binance Web3 Wallet to 4EVERLAND
Click ‘Binance Web3 Wallet’ and a QR code will be displayed on the screen
Use the QR scanner option on the top-left corner of the Binance wallet to scan the code. Then your Binance Web3 wallet is connected to 4EVERLAND.
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