#Web3 What is a Web3 Wallet?

A Web3 wallet is a digital tool that allows users to store, send, and receive cryptocurrencies while interacting with decentralized applications (dApps) on different blockchains.

What is Web3?

Web3 is an umbrella term for technologies such as blockchain that decentralize ownership and control of data on the Internet. Most Internet applications are controlled by central entities that determine how end-user data is stored and how it is used. What is Web3 on Binance?

The Binance Web3 Wallet uses multi-party computing (MPC) technology. This means that you can enjoy a self-custodial wallet experience without the need for a seed phrase. MPC technology allows for a secure key management system without a single point of failure.

How to sell from a web3 wallet?
In the Exodus Web3 Wallet, click on the Buy and Sell icon. a) Click Sell and b) Select your payment method based on availability. a) Select the cryptocurrency you want to sell and b) the fiat currency you want to receive. c) Enter the amount to sell and d) Review the amount you will receive. Does Binance Web3 Wallet have seed phrases? Binance Web3 Wallet does not use seed phrases. As an MPC wallet, it stores shared private keys in different locations..