➡️ To access Binance Web3 Wallet, you need to create a Web3 Wallet within the Binance app. Simply log in to your Binance app, go to [Wallets], switch to the [Web3] tab, and tap [Create Wallet].➡️ Binance Web3 Wallet is a self-custody wallet, meaning you have full control over your funds and assets. You are responsible for safeguarding your assets and backing up your wallet.➡️ Multi-Party Computation (MPC) is a security mechanism used by Binance Web3 Wallet. It eliminates the traditional method of storing private keys in one location, reducing the risk of compromise and system vulnerability.➡️ You need to back up your Binance Web3 Wallet. MPC creates three key-shares that are stored in different locations, including your cloud storage and device. Protect the key-share stored on the cloud with encryption and a recovery password known only to you.➡️ You can restore your Web3 Wallet by connecting your Binance app to the previously used cloud service and decrypting your key-share with the recovery password.➡️ Binance Web3 Wallet does not have seed phrases. Instead, it uses private key-shares stored in different locations. If you want to export your private keys, you can use the "Emergency Export" function. However, please note that your Web3 Wallet will become unavailable and you will lose access to it. Keep your private keys securely to avoid permanent loss of funds.➡️ If you forget your wallet recovery password, you won't be able to access your Web3 Wallet and Binance won't be able to restore it for you. It's recommended to back up your wallet immediately. ➡️ Wallet importing is not supported by Binance Web3 Wallet. ➡️ You cannot access your Web3 Wallet on multiple devices at the same time. ➡️ Identity verification is not mandatory for using Binance Web3 Wallet, but you need to be a verified Binance user and comply with their Terms of Use to create a wallet.This is huge step by #Binance 🫡