Binance Web3 Wallet provides users with a convenient and secure way to manage and trade crypto assets. Below is a detailed guide on how to create, use, and manage your Binance Web3 Wallet.
1. Create a Web3 wallet
1. Open the Binance app:
• Enter the Binance App, click the [Funds] column at the bottom, and then select [Web3].
2. Create a wallet:
• Click the [Create Wallet] button and follow the prompts to complete the creation process. With the support of MPC (multi-party computing) technology, users can complete wallet creation in seconds without having to remember complex mnemonics or private keys.
3. Back up your wallet:
• Once created, be sure to back up your wallet information to ensure asset security. Although MPC technology simplifies the use process, backup is still an important security step.
*I want to emphasize here that a "mnemonic phrase" will be displayed here. You must save it when disconnecting from the Internet and do not tell anyone, because this is the credential for retrieving your account. You can think of it as a deposit slip in ancient pawn shops.
2. Swap operations in Web3 wallets
The Swap function allows you to exchange tokens directly in your wallet. Here are the specific steps:
1. Enter the Swap interface:
• On the Web3 wallet homepage, select the [Swap] function.
2. Choose a token:
• Select the token you want to exchange and the target token, and choose the corresponding network.
3. Confirm the transaction:
• Enter the amount you want to exchange, and the system will display the corresponding network fee and the final amount received. After confirming that the information is correct, perform the Swap operation.
3. Sending and Receiving Tokens
Send Tokens
1. Open the sending interface:
• On the Web3 wallet homepage, click the [Send] button, or select the cryptocurrency you want to send in the asset list and click [Send].
2. Enter the payment address:
• Paste the payment address, select the token and network, and click [Next].
3. Enter the transfer amount:
• Enter the transfer amount, and the system will display the corresponding network fee and the final amount received. Select whether to transfer from a spot account or a funding account. Click [Next].
4. Confirm the transfer information:
• Carefully check the transfer information to ensure that the address and network are correct, then click [Send] to complete the transfer.
Receiving Tokens
1. Enter the receiving interface:
• On the Web3 wallet homepage, click the [Receive] button.
2. Choose a token:
• Select the token you want to receive and the corresponding network.
3. Share URL:
• Copy or share your receiving address with the sender.
4. Cross-chain exchange and earning income
Binance Web3 wallet not only supports the management of crypto assets, but also supports cross-chain exchange and earning profits.
1. Cross-chain exchange:
• Using cross-chain interoperability solutions integrated into the Binance Web3 wallet (such as Binance Bridge), you can exchange tokens between different blockchains. Currently supported third-party dApps include 1inch and others.
2. Earn income:
• Users can earn income on various blockchain platforms by providing liquidity, etc. For specific operations, you can find relevant options in the [Earn Income] module of the Binance Web3 wallet.
5. Participate in airdrop activities
Binance Web3 wallet users can also participate in various airdrop activities, such as completing swaps or providing liquidity on Maverick Protocol to claim airdrop rewards.
1. Participate in the airdrop:
• Follow Binance announcements to learn about the latest airdrop activity information, and follow the instructions to complete the corresponding operations to receive rewards.
Through the above steps, you can make full use of the various functional interactions of Binance Web3 wallet. If you need a graphic tutorial, you can search for the corresponding tutorial on the Binance official platform. The chain is a relatively dangerous area. Do not click on some unknown links. If you do not have enough knowledge, try to interact only within the platform. Or send me a private message and comment, and I will answer you as soon as possible#EarnFreeCrypto202
Later I will share some free projects. I can only recommend a project if I have personally experienced it myself.