News
1 year ago
Cryptocurrency exchange Binance announced the launch of a Web3 wallet, which is available to users through the platform’s mobile application.
The expansion was announced personally by the head of the company, Changpeng Zhao, at the Binance Blockchain Week conference in Istanbul.
“Crypto wallets are more than just services for storing digital assets – they are an integral part of the Web3 infrastructure, giving people the opportunity to independently manage their finances.”
To use wallet, you need to install the Binance mobile app (who doesn’t have it yet)
Open the application at the bottom, go to “Wallet” and then change the tab at the top.
Binance wallet uses multi-party computing (MPC) technology, which splits private keys into three parts and stores them on different servers.
Two of them are tied to the user account, and the third is under the control of the exchange
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