To use Binance's Web3, follow these steps:
Access your account:
Log in to your Binance account through the app.
Create a Web3 wallet:
Go to the [Wallets] section in the app. Tap on [Web3] and then on [Create Wallet]. Back up your wallet and set a recovery password.
Send and receive tokens:
To send tokens: Tap on [Send] or [Transfer now], paste the recipient's address, enter the amount, and confirm the transaction. To receive tokens: Tap on [Receive], select the token you wish to receive, copy the address or use the QR code to share it with the sender.
Explore DApps and DeFi:
Binance's Web3 wallet allows you to interact with decentralized applications (DApps) and participate in decentralized finance (DeFi). You can swap tokens across different blockchain networks and earn yields with just a few clicks.
Security:
The wallet uses Multi-Party Computation (MPC) technology to protect your assets, eliminating the need to store private keys in one place. It offers protection against incorrect addresses and potentially malicious smart contracts.
Key Features
Ease of use: Quick setup without the need for seed phrases or private keys. Convenience: Integration with Binance Bridge and other services to facilitate token swaps. Security: Advanced protection with MPC technology.