Binance, one of the largest blockchain ecosystem platforms for cryptocurrency exchange, announced the launch of a new Web3 wallet at the Binance Blockchain Week conference in Istanbul.
On November 8, Binance announced a “brand new” Binance Web3 Wallet. The new addition will let Binance step into the Web3 world, and meet the demand for a simple, convenient, and secure way towards Web3 technology.
Binance’s New Self-Custody Web3 Wallet
Built within the Binance app, the self-custody Web3 Wallet will be a major gateway for millions of Binance users with a hassle-free onboarding process and security. Meanwhile, the latest launch will provide access to a secure and streamlined method to swap thousands of tokens across various networks at great prices.
In addition, users can also explore a variety of decentralized applications (DApps), aiming to quickly transfer funds between exchange and wallet, all in one platform, with this Web3 wallet.
Changpeng Zhao (CZ), the CEO and Founder of Binance said, the new launch of Web3 is not just limited to digital storing assets but empowers individuals with the ability for self-sovereign finance.
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Binance Enhancing User Experience
Highlighting the USP of this wallet, Binance said the integral framework of this wallet is different from the usual complex process. With Binance Web3 Wallet, users can enjoy a simple, secure, and stress-free process to get started. It will provide thousands of tokens, supporting various networks on one platform, with full control of the user.
The Web3 wallet will be handy, irrespective of the fact that if user is a crypto expert or new to this sector. As per Binance CEO, the new launch will open ways and provide freedom of money for users around the world, building tools that onboard and protect users including a full self-custody of their assets, and a decentralized finance (DeFi) environment.
Furthermore, the Web3 Wallet of Binance is developed in partnership with the product and engineering team at Trust Wallet, with the adoption of their Web3 Wallet technology. However, in terms of control, Binance will have the entire control over the features of Web3 Wallet, for users.
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