The wallet allows users to explore the Web3 universe and swap tokens across different networks.
Private keys are split into key-shares and stored in three different locations, reducing the risk.
Binance
has unveiled Web3 Wallet during the Binance Blockchain Week conference in
Istanbul. This product aims to address the growing demand for an uncomplicated,
secure, and user-friendly way to explore the world of Web3.
Swapping
Tokens and Exploring dApps with Binance's Web3 Wallet
The recent launch provides users a method to swap thousands of
tokens across various networks at competitive rates; explore a plethora of decentralized
applications (dApps); transfer funds between their exchange and wallet; and
earn yield on their crypto assets.
Binance
Web3 Wallet is a collaborative effort with the product and engineering team at
Trust Wallet, utilizing the same wallet technology layer services while
maintaining Binance's autonomous control over Web3 Wallet's features,
operations, and services. Coindesk wrote in a news report that the wallet will
support 30 blockchain networks. A
question may be raised as to whether Binance is going to shut down Trust Wallet
in due course.
Changpeng Zhao, CEO and Founder of Binance, Source: X
Changpeng
Zhao (CZ), the CEO and Founder of Binance, emphasized the significance of Web3
wallets: "Web3 wallets represent more than just storing digital
assets; they are an integral part of the Web3 framework, empowering individuals
with the ability for self-sovereign finance."
The web3 wallet is a self-custody wallet. Users
can create and activate their Web3 Wallet within the
Binance mobile app. This integration enables users to access dApps and DeFi
features without switching between multiple platforms. To enhance security,
Multi-Party Computation technology is used. It eliminates the need for
users to manage or memorize seed phrases while ensuring security and
self-custody.
CZ
further emphasized the importance of bridging the gap between centralized and
decentralized systems to facilitate Web3 adoption: "Binance's
Web3 Wallet lowers the barriers of entry for users to achieve full self-custody
of their assets and is an important, convenient bridge towards DeFi
empowerment."
Web3
Wallet's Security Measures with Private Keys
The
Web3 Wallet allows users to earn interest on their idle crypto assets and
access a suite of innovative Earn and DeFi services. Binance claims that within the Web3 Wallet,
users can explore various dApps, purchase cryptocurrencies at competitive
prices via the Swap function, and execute cross-chain trades across different
networks.
Private
keys are divided into three smaller parts known as key-shares. These are stored
in three different locations, mitigating the risk of key compromise. Two out of
the three key shares are controlled by users. Security features, such as wrong
address protection and malicious contract detection, provide protection to
users during transactions.
Richard
Teng, the Head of Regional Markets at Binance, highlighted
the goal of providing users with a secure and stress-free experience when
interacting with Web3. He expressed: "The common stress of worrying about
losing one's seed phrase is removed, so that we can introduce a secure and
smooth entry point for millions of users to safely and easily explore the Web3
universe."
Binance
has unveiled Web3 Wallet during the Binance Blockchain Week conference in
Istanbul. This product aims to address the growing demand for an uncomplicated,
secure, and user-friendly way to explore the world of Web3.
Swapping
Tokens and Exploring dApps with Binance's Web3 Wallet
The recent launch provides users a method to swap thousands of
tokens across various networks at competitive rates; explore a plethora of decentralized
applications (dApps); transfer funds between their exchange and wallet; and
earn yield on their crypto assets.
Binance
Web3 Wallet is a collaborative effort with the product and engineering team at
Trust Wallet, utilizing the same wallet technology layer services while
maintaining Binance's autonomous control over Web3 Wallet's features,
operations, and services. Coindesk wrote in a news report that the wallet will
support 30 blockchain networks. A
question may be raised as to whether Binance is going to shut down Trust Wallet
in due course.
Changpeng Zhao, CEO and Founder of Binance, Source: X
Changpeng
Zhao (CZ), the CEO and Founder of Binance, emphasized the significance of Web3
wallets: "Web3 wallets represent more than just storing digital
assets; they are an integral part of the Web3 framework, empowering individuals
with the ability for self-sovereign finance."
The web3 wallet is a self-custody wallet. Users
can create and activate their Web3 Wallet within the
Binance mobile app. This integration enables users to access dApps and DeFi
features without switching between multiple platforms. To enhance security,
Multi-Party Computation technology is used. It eliminates the need for
users to manage or memorize seed phrases while ensuring security and
self-custody.
CZ
further emphasized the importance of bridging the gap between centralized and
decentralized systems to facilitate Web3 adoption: "Binance's
Web3 Wallet lowers the barriers of entry for users to achieve full self-custody
of their assets and is an important, convenient bridge towards DeFi
empowerment."
Web3
Wallet's Security Measures with Private Keys
The
Web3 Wallet allows users to earn interest on their idle crypto assets and
access a suite of innovative Earn and DeFi services. Binance claims that within the Web3 Wallet,
users can explore various dApps, purchase cryptocurrencies at competitive
prices via the Swap function, and execute cross-chain trades across different
networks.
Private
keys are divided into three smaller parts known as key-shares. These are stored
in three different locations, mitigating the risk of key compromise. Two out of
the three key shares are controlled by users. Security features, such as wrong
address protection and malicious contract detection, provide protection to
users during transactions.
Richard
Teng, the Head of Regional Markets at Binance, highlighted
the goal of providing users with a secure and stress-free experience when
interacting with Web3. He expressed: "The common stress of worrying about
losing one's seed phrase is removed, so that we can introduce a secure and
smooth entry point for millions of users to safely and easily explore the Web3
universe."
U.S. Home Prices Become Tradeable Events as Polymarket Taps Parcl Data
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
