According to official news, Binance announced the launch of Binance Web3 Wallet, a secure, self-hosted digital wallet integrated into the Binance App.
Binance Web3 Wallet is committed to providing an innovative, secure and convenient user experience and is a bridge between the trading platform and Web3. Users can interact with multiple blockchains, trade thousands of tokens, earn revenue, and explore more decentralized applications (DApps) from a single wallet.
Binance Web3 Wallet Highlights:
- Cross-chain token exchange: Through Binance Bridge and other leading decentralized exchanges (DEX), you can trade a large number of tokens on multiple networks and enjoy deep liquidity and minimal slippage;
- Easy transfers: Complete fast and convenient transfers between the Binance exchange platform and Binance Web3 wallet, and between centralized finance (CeFi), decentralized finance (DeFi) and Web3 platforms;
- Improved security: Binance Web3 Wallet uses the most advanced multi-party computation (MPC) technology to create three separately stored "key shards" to eliminate single points of risk;
- Built-in risk alerts: Receive alerts on potential security risks related to your coin or blockchain through Binance Web 3 Wallet.