Let's continue with the previous post....

Now that we know the good points, let's look at the bad points.

First of all, Binance Web3 wallet is not decentralized. A non-centralized wallet. Your keys are not only held by you, but also by Binance. If normal, the seed phrase of the wallet, Private keys must be maintained by yourself, so if something happens, you are responsible for yourself. If something happens to the Web3 wallet, Binance is also responsible.

If your cloud storage (iCloud, Google Drive) is hacked, the keys from the cloud may also be included in the key storage area. But if you think about it from the other side, even if the hacker gets these 2 keys, he can log into the Binance account and access the Web3 wallet with 3 keys.

One last thing is that the UI of Binance Web3 wallet is still a little complicated, so for beginners, it is difficult to follow each button. It will take some time to read and understand the letters one by one.

Have you guys used Web3 wallet? If you have used it, it is convenient. Please share the inconvenience in the comment box.