Binance Wallet is a self-custody crypto wallet within the Binance app, designed to empower users in the realm of decentralized finance (DeFi). Serving as a digital gateway to blockchain-based applications (dApps), it offers users a secure and streamlined method to manage their cryptocurrencies, execute token swaps across multiple chains, earn yields, and interact with a variety of blockchain platforms. Learn more.

Binance Wallet is the easiest way to get involved with Web3. It offers users a secure and streamlined method to manage their cryptocurrencies, execute token swaps across multiple chains, earn yields, and interact with a variety of blockchain platforms.

Simple: Create a wallet in seconds using your Binance app without having to worry about seed phrases or private keys.

Convenient: With integration to Binance Bridge and other providers, Binance Wallet fosters easy cross-blockchain token swaps at better prices. You can explore dApps and generate yield effortlessly with a single click.

Secure: MPC (multi-party computation) technology governs every transaction and mitigates single points of failure to ensure that your assets are SAFU.

To send tokens

1. Tap [Transfer Now] on the Binance Wallet homepage.
2. Paste the recipient's address and tap [Continue].

Please note that if you select the wrong network or send assets to the wrong address, your funds might be lost and cannot be recovered.

To receive tokens

1. Tap on the token you wish to receive on the Binance Wallet homepage.
2. You'll see a QR code and the token address. Tap the copy or share icon to share it with your sender.

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Yes, Binance Wallet is a self-custody wallet. You have full control over your funds and assets. Therefore, you're solely responsible for safeguarding your assets and backing up your wallet.

Binance Wallet employs Multi-Party Computation (MPC) to create three key-shares, which are then stored in different locations for added security. These locations include your cloud storage and device. It is crucial that you protect the key-share stored on the cloud by implementing encryption using a recovery password that's solely known to you. Learn more.

Blockchain transactions involve network fees. These fees, also known as gas fees, are required to compensate miners or validators for the computational resources they contribute to process and confirm transactions on the network. The exact fees may vary depending on the network traffic and the blockchain you're using.

Multi-Party Computation (MPC) is an enhanced cryptography security mechanism. It alters the traditional method of storing private keys by eliminating the need to retain them in one sole location. In this way, MPC lowers the risk of the keys being compromised and reduces the vulnerability of the system. Learn more.

Yes, you can restore your Binance Wallet. When using a new device, connect your Binance app to the previously used cloud service and decrypt your key-share using its password.

There are no seed phrases for Binance Wallet. Instead, it's an MPC wallet that requires you to store private key-shares in different locations. If you want to export your private keys, you can use the "Emergency Export" function. However, please note that your Binance Wallet will become unavailable and you won't be able to use it anymore. Please keep your private keys secure. If you lose them, your funds will be permanently lost.

Your recovery password is crucial in encrypting your Binance Wallet's key-share on cloud storage. Should you forget your password and lose access to your device or delete the Binance app, you won't be able to access your Binance Wallet and Binance won't be able to restore it for you.