Binance, Exchanges

Is Binance Wallet Non Custodial?

Binance, the world’s largest cryptocurrency exchange by volume, has recently launched its own non-custodial wallet app for iOS and Android. The app allows users to store, buy, and sell cryptocurrencies, as well as track the prices of their favorite digital assets.

One of the key features of the Binance wallet is that it is non-custodial, meaning that users have full control over their private keys. This is a major advantage over custodial wallets, which are subject to hacks and theft.

NOTE: Warning: Binance Wallet is currently not a non-custodial wallet. It is an online wallet that stores your funds in the Binance Platform. As such, your funds are not stored on the blockchain and are only held by you in the form of a balance on the platform. As such, you are not in control of your funds and if anything were to happen to the platform, your funds could be lost. Therefore, it is recommended that users use a non-custodial wallet in order to ensure they remain in complete control of their own funds.

Another key feature of the Binance wallet is its support for multiple languages. The app is currently available in English, Chinese, Japanese, and Korean.

This makes it one of the most user-friendly wallets on the market.

Overall, the Binance wallet is a great option for those looking for a secure and user-friendly way to store their cryptocurrencies.

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