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Safety of Binance Web3 Wallet

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  • 14-03-2024 8:12pm
    #1
    GerbertPhills
    Registered Users Posts: 3 ✭


    Binance Web3 Wallet claims to be a safe place to store your crypto assets, because the assets are not controlled by Binance.

    Sounds cool, but I have the following question:

    If the app that I am using to access the wallet will get broken or just block my access for one reason or another, would I be able to access my wallet then?

    Just imagine in theory that the app will break or someone will decide to block my account and that's it.

    With other wallets I can use a recovery phrase to access my assets from any other wallet, but in Binance Wallet I can use the emergency option to generate the access codes, however again, if I will lose access to the whole app, because it's broken or for any other reason, I will not be able to generate these codes..

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