If you’re like me and want to dive deeper into the world of decentralized finance (DeFi), NFTs, and DApps, then Binance’s Web3 Wallet is an incredible tool to get started. This wallet is designed to give you direct, secure access to the decentralized web, all within the familiar Binance app. Here’s how I set it up, use it, and manage it.

What is the Binance Web3 Wallet?

Think of the Binance Web3 Wallet as a self-custody wallet. That means I have full control over my assets and private keys—no intermediaries. This wallet gives me an easy way to interact directly with blockchain-based applications like DeFi projects, NFT platforms, and more. Plus, it’s all within the Binance app, making it secure and convenient.

Step 1: Setting Up the Web3 Wallet

1. Open the Binance App

First, I make sure I’m logged into my Binance account on the mobile app. If you don’t have the latest version, update it to ensure you get all the features.

2. Find Web3 Wallet

From the main screen, I go to [Wallets] and tap on [Web3 Wallet] (you might see it as “Binance DeFi Wallet”).

3. Create Your Wallet

Here, I create a new wallet. Binance will guide you through setting up a password. This password is crucial because it protects access to the wallet, so make sure it’s a strong one you’ll remember.

4. Back Up Your Seed Phrase

Here’s the most important part—backing up my seed phrase. It’s a 12- or 24-word phrase that acts as my backup. I write it down (don’t save it online!) and store it somewhere safe. Without this phrase, there’s no way to recover my wallet if I lose access.

Step 2: Using the Web3 Wallet

Now that the wallet is set up, I can start using it to interact with blockchain-based services, send/receive assets, and even explore DApps.

1. Adding Funds

To use the Web3 Wallet, I transfer assets from my main Binance Wallet. I go to [Transfer] in the Web3 Wallet, pick the crypto I want, enter the amount, and confirm the transfer.

2. Accessing DApps

This is one of my favorite parts. In the Web3 Wallet, I can access decentralized apps (DApps). Under [DApps], I can explore apps for DeFi, gaming, and NFTs. I just select a DApp, and my wallet connects to it automatically.

3. Making Transactions

Send Assets: To send crypto, I tap [Send], enter the recipient’s wallet address, and the amount.

Receive Assets: When someone wants to send me funds, I tap [Receive] to get my wallet address or a QR code that I can share with them.

Step 3: Managing My Assets

The Binance Web3 Wallet makes it easy to keep track of everything.

1. Viewing My Portfolio

Under [Assets], I can see a breakdown of all my cryptocurrencies in the Web3 Wallet, their balances, and values.

2. Checking Transaction History

I like to keep tabs on my activity, so I check the [History] section, which has details on deposits, transfers, and DApp interactions.

3. Switching Networks

If a DApp requires a specific network, I can change it in [Network Settings]. Binance Web3 Wallet supports networks like Ethereum and BNB Smart Chain, so I have flexibility with the DApps I want to use.

Security Tips I Follow with My Web3 Wallet

Since the Web3 Wallet is a self-custody wallet, security is on me. Here’s what I do to keep my wallet safe:

Secure My Seed Phrase: I never store my seed phrase online or share it with anyone. A safe offline spot is ideal.

Enable 2FA and Biometric Authentication: I turn on two-factor authentication (2FA) or biometric unlocks for extra security.

Verify DApps: Not all DApps are trustworthy, so I only connect to reputable ones. It’s always worth double-checking the URL and doing a bit of research before diving in.

Why I Love Binance’s Web3 Wallet

With Binance’s Web3 Wallet, I can be part of the Web3 revolution, exploring NFTs, DeFi, and DApps all in one app. Plus, Binance’s focus on security gives me peace of mind while managing my digital assets.

If you’re ready to explore the future of finance and blockchain, try setting up your own Binance Web3 Wallet—it's an experience you won’t want to miss!
#informationuseful
#BeginnerTrader
#cryptofestival

Looking at the DRIFTUSDT 15-minute chart, here’s my take:

Price Action

The last price is sitting at 1.6534, which is a massive jump – up 80.58% in the last 24 hours! It’s had a high of 2.0860 and a low of 0.8899, so it’s definitely been volatile. Right now, it looks like the price is testing some important levels.

Moving Averages

The 50-day moving average (MA) is at 1.7546, and the 50-period exponential moving average (EMA) is at 1.6580. We’ve also got the 20 EMA at 1.7604. With these levels, the price is just below the 20 EMA and the 50 MA, which could mean we’re seeing some bearish pressure. But since it’s close to the 50 EMA, that could act as resistance and be a turning point if the price breaks above it.

Parabolic SAR

The SAR indicator shows 1.8829, which means the current trend could still be bullish. But since it’s leveling off, there’s a chance we might see consolidation or even a reversal if it heads lower.

MACD

Looking at the MACD, it’s slightly bearish right now – the MACD line is below the signal line at -0.0273. The histogram shows some downward pressure, but it’s close to zero, which could mean the trend might be weakening.

Williams %R and Stochastic

Both the Williams %R (-86.8554) and Stochastic (K: 19.11, D: 22.26, J: 12.82) are showing oversold conditions. This could be a hint at a potential reversal or at least a bounce if buying pressure comes back in.

OBV (On-Balance Volume)

The OBV is high at 288,562,020,000, which shows there’s been a lot of trading volume. Usually, high OBV supports price moves, but if we see this start to drop, it could mean interest in buying is fading.

My Prediction

Right now, it looks like we might be entering a consolidation phase or a slight reversal, given the oversold indicators from both the Williams %R and Stochastic. If the price manages to break above the 20 EMA and 50 MA, we could see another bullish push. But if it stays below, I think there’s a chance we see a drop toward 1.26 or lower.

Strategy Thoughts

Aggressive Play: Could look at buying if we get a breakout above the 50 MA or EMA with some strong candles.

Conservative Play: Waiting for more solid confirmation, like a MACD cross or a confirmed breakout, could be safer. A bit more patience could give us a clearer direction.
#CryptoAMA

#cryptofestival

With speculation swirling in the crypto market, experts are casting doubt on whether Shiba Inu (SHIB) will ever hit the elusive $1 mark. Meanwhile, the recent price surge of Dogecoin (DOGE) has reignited interest among investors. Here’s a breakdown of the latest insights and trends for both tokens.

Shiba Inu’s $1 Goal Is Out of Reach, Says Analyst

According to a recent report from Investing Haven, the prospect of Shiba Inu reaching $1 is slim. The primary obstacle lies in SHIB's enormous circulating supply—589.26 trillion tokens. Without a massive reduction in supply, hitting $1 would likely require an unrealistic level of demand.

Additional factors hindering SHIB’s growth include its limited real-world utility and reliance on hype-driven demand. While the token has recently seen a small boost thanks to renewed interest surrounding the U.S. elections, these gains may not be sustainable long-term. SHIB’s price recently rose from $0.0000165 to $0.0000195, with a 14-day RSI indicating an uptrend close to 50. Crypto analysts are cautiously optimistic, forecasting a potential rise to $0.00002156 in the near term.

IntelMarkets: A More Promising Candidate for $1

As Shiba Inu struggles to maintain momentum, IntelMarkets (INTL) is emerging as a strong contender for future growth. Priced currently at $0.045727, IntelMarkets has raised nearly $2 million and is attracting attention due to its integration of AI technology.

IntelMarkets stands out with its advanced AI trading bots, capable of adapting to market shifts and learning from each trade. The platform supports multiple networks, including Solana and Ethereum, giving users flexibility in their trading preferences. Additionally, IntelMarkets’ native token (INTL) allows holders to stake for passive income, making it appealing for investors seeking a combination of growth and yield.

Dogecoin Crosses $0.2 Mark Amid Renewed Interest

Dogecoin has enjoyed a substantial uptrend recently, fueled by optimism surrounding the U.S. elections. Data from CoinMarketCap shows DOGE rose by 12.0% over the past week, hitting $0.3 from a low of $0.145. With a 14-day RSI above the midline, Dogecoin's technical indicators are showing strong bullish support.

Should this momentum hold, DOGE could soon breach its resistance level at $0.2288, possibly setting a new yearly high. Analysts, however, caution that if the upward trend reverses, support levels around $0.1423 could come into play.

Final Thoughts

While Shiba Inu’s path to $1 seems increasingly improbable, alternative tokens like IntelMarkets are gaining traction with their unique features and potential for utility. As the crypto market evolves, investors may find greater promise in assets with strong use cases and technical innovations.
#CryptoAMA
#cryptofestival