Binance.US Launches Self-Custody Wallet for Eligible US Users
The wallet is built into the Binance.US app and supports multiple blockchain networks, thousands of tokens and hundreds of decentralized applications.
Binance.US has launched Binance.US Wallet, a self-custody wallet built into its app for eligible iOS and Android users in the United States.
The wallet lets users switch between the Binance.US exchange and the wallet without leaving the app. It provides access to tens of thousands of tokens and hundreds of decentralized applications across Ethereum, BNB Chain, Base, Arbitrum, Polygon, Solana and Robinhood Chain.
Binance.US Wallet uses a key-sharding system instead of a traditional recovery phrase. Access keys are divided among the user’s device, personal cloud storage and Binance.US, with at least two key shares required to access the wallet. Binance.US holds only one share.
Users can export their private keys at any time or import an existing wallet’s recovery phrase. The setup is intended to give users direct control of wallet access while keeping the wallet inside the exchange’s mobile application.
Binance.US plans to add cryptocurrency transfers between the exchange and wallet, more payment options for buying and selling assets, and support for additional tokens, blockchain networks and decentralized applications.
