What is Binance Web3 Wallet? How to use Binance Web3 Wallet

What is Binance Web3 Wallet?

This is a self-custody wallet integrated into the Binance application. Unlike traditional wallets that store a single private key, Binance Web3 Wallet applies MPC – Multi-Party Computation: the private key is split into three "key-shares" stored in three different locations (device, your cloud, and Binance server).

No single part is sufficient to open the wallet – at least two out of three shares must "meet", thereby eliminating the risk of losing all assets if a hacker obtains a single share. The Emergency Export feature also allows key export in emergency situations, absolutely protecting the user's self-custody rights.

Valuable Points

Binance Web3 Wallet supports multi-chain from the initial setup – Bitcoin, Ethereum, BNB Chain, major L2s,…; with the ability to instantly swap tokens across different networks without using a bridge; one-touch dApp discovery (DeFi staking, NFT marketplace, GameFi games, DAO voting). An intuitive portfolio tracking interface allows you to monitor real-time profits and losses. All of this occurs on the MPC security layer, so you don't need to remember seed phrases; you can still recover the wallet with two key-shares and a personal cloud password.

Main Features

Below are the "core" feature set of Binance Web3 Wallet – encompassing everything you've mentioned (trade, multi-chain storage, airdrop, TGE) and notable additional utilities:

1. Multi-Asset and Multi-Chain Storage & Management
   – Support for BTC, ETH, BNB Chain, Arbitrum, Polygon, Solana, etc. + Non-Fungible Token + DeFi Token in the same interface.
2. Instant Swap/Bridge
   – Swap tokens on the same or different chains directly in the wallet, using liquidity aggregator & Binance Bridge without manually switching wallets or DEX.

   

3. Direct Trading with Exchange Wallet
   – One-touch withdrawal/deposit between Web3 wallet and Binance CEX account, convenient for fiat-crypto deposit and direct transfer of assets on-chain.
4. Integrated Earn – Staking & Farming
   – Provide liquidity (Venus, BNB/ETH Re-Stake...), earn interest without leaving the application.

   

5. dApp Browser / WalletConnect
   – Connect to DeFi, GameFi, SocialFi, DAO voting, lending, on-chain ID... to participate in other project's skin in the game.

   

6. Participate in TGE/Token Launch
   – Wallet is the "gateway" to token launch (TGE) on Megadrop or on-chain launchpool.

   

7. NFT Gallery
   – View, send/receive Non-Fungible Token directly in the wallet.