Key Takeaways
The Binance Wallet is an innovative wallet for digital assets that combines convenience, security, utility, and on-chain trading functions available in both mobile app and web versions.
The wallet offers enhanced security through Multi-Party Computation (MPC) technology on mobile and Secure Auto Sign (SAS) with Trusted Execution Environment (TEE) on the web for fast and secure transaction signing.
You can perform cross-chain token swaps, access Binance Bridge, explore DeFi and DApps, and conduct on-chain trading and portfolio analysis. All of that while counting on dedicated 24/7 customer support.
What Is the Binance Wallet?
The Binance Wallet is a user-focused cryptocurrency wallet integrated into the Binance app and available as a desktop-compatible web version called Binance Wallet (Web). It empowers users in decentralized finance (DeFi) and on-chain trading.
The mobile app wallet emphasizes asset management, secure token swaps across blockchains, DeFi access, and easy wallet creation without seed phrases.
The web version focuses on delivering a high-speed, data-rich on-chain trading experience with advanced features like portfolio analysis, token tracking, and social updates.
How Does It Work?
Mobile wallet security: MPC
The Binance Wallet mobile app uses multi-party computation (MPC) technology, which is an enhanced cryptographic security system that eliminates the need to store your private keys in a single location.
The wallet uses MPC to create three “key-shares”, which are stored separately in your Wallet, cloud storage, and your device. The key-shares are also protected by your recovery password, which is solely known to you.
Web wallet security: SAS
Binance Wallet (Web) implements a new signing method called Secure Auto Sign (SAS), which enables fast and efficient transaction signing within a Trusted Execution Environment (TEE).
This is a secure, isolated hardware environment operated by a trusted third-party cloud provider, ensuring private keys remain protected, and users retain full self-custody while automating trading securely.
SAS allows quick, convenient authorization of transactions without repetitive mobile app confirmations. Sessions last 7 days and renew automatically with each new order or can be manually reauthorized.
Key Features of the Binance Wallet
Easy to use
You can create a Binance Wallet in just a few seconds through the Binance app. Unlike other crypto wallets, with the Binance Wallet setup you don’t have to worry about seed phrases or private keys, making it much easier to use.
Mobile: Create a Binance Wallet in seconds through the Binance app without managing seed phrases or private keys manually.
Web: Existing Binance Wallet users can log in quickly by scanning a QR code from the Binance app—no separate registration required.
Convenience
Seamlessly connected to Binance Bridge and other service providers, the Binance Wallet facilitates easy token swaps across various blockchains with competitive rates. Users can also explore DApps and generate yield with just a few clicks.
The web version gives you access to features like trending token lists, Binance Alpha tokens, Meme Rush for meme coin insights, detailed token info with prices and charts, wallet and social trackers, portfolio and position management.
Security
The Binance Wallet offers important security features, including wrong address protection, and identification of potentially malicious smart contracts. When making transactions, the wallet will notify users when a token or blockchain carries a potential security risk.
Mobile app: Uses MPC technology for secure multi-party key custody.
Web app: Employs SAS within TEE to isolate private keys and securely delegate signing rights.
Self-custody
Both versions enable complete autonomy over digital assets, encrypted by secure technologies and protected by user-controlled passwords.
Customer Support
Users have access to dedicated 24/7 customer support across platforms to ensure a safe and smooth operational experience.
How to Use the Binance Wallet
Log in to your Binance account using the Binance app or visit Binance Wallet (Web) for desktop on-chain trading.
Mobile
1. Log in to your Binance account and go to [Wallet] at the top of your screen.
2. Next, [Create Wallet] or [Import Wallet] to get started. Back up your wallet and set your recovery password before use.
3. For more details on how to back up Binance Wallet, please refer to the following page: What Is a Keyless Address in Binance Wallet and Why Do I Need to Back It Up?
Web
1. Log in to your Binance account and navigate to [Trade] > [DEX] at the top menu bar.
2. Next, use your Binance mobile app to enable the Secure Auto Sign on Binance Wallet Web.
3. That’s it. You are ready to use the Binance Wallet Web.
Note that for web on-chain trading, the Secure Auto Sign (SAS) authorization lasts 7 days and renews upon trading activity. If inactive for 7 days, reauthorization will be needed.
Important Notice
On-chain trading through Binance Wallet (Web) carries higher risks than centralized exchange trading. Users are encouraged to carefully review the Binance Wallet Terms of Use before trading.
Further Reading
Disclaimer: The Binance Wallet is an optional product. It is your responsibility to determine if this product is suitable for you. Binance is not responsible for your access or use of third-party applications (including functionality embedded within the Binance Wallet) and shall have no liability whatsoever in connection with your use of such third-party applications, including, without limitation, any transactions you dispute. Please carefully review the Binance Wallet Terms of Use and always do your own research.