The Binance DeFi Wallet — Cryptos like $SHIBARMY can now be traded within the Binance Mobile App
The title is no clickbait, Binance introduced a new feature you probably haven’t heard off yet and it will blow your mind. The Binance Defi Wallet is the gateway for everyone into decentralized finance.
What is the Binance DeFi Wallet?
The Binance DeFi Wallet is a non-custodial, decentralized Web3 wallet included within the Binance application.
To find PancakeSwap and the Binance Defi Wallet you can simply swipe down 👆⬇️ from the top of the Binance app to access the Marketplace, where you will see PancakeSwap up top.
Currently, the wallet limits transfers only to and from the Binance CEX spot wallet and eliminates the need to copy, paste and check the wallet address for withdrawal from theBinance CEX. This makes for an easier entry into the Defi Market.
How to create and use the Binance Defi Wallet
- Log into your Binance Account on your phone and simply swipe down
👆⬇️ on the screen while using the Binance App to open the marketplace
- Select Pancakeswap in the list and press “Connect Wallet”
- Create a new wallet or important an existing one by entering your seed phrase — Make sure to properly store your seedphrase if you create a new wallet, check our article about staying safe on while using the blockchain if you don’t know how to keep it safe
- You need BNB in your Binance Spot wallet to transfer it directly into your DeFi Wallet. There is no easier way to bring funds onto the Binance Smart Chain
5. Learn how to buy DeFi coins on Binance and PancakeSwap with this video
What this means for the future of DeFi?
While most DeFi users should already have heard of or used PancakeSwap, imagine the potential of using the official Binance App to trade cryptocurrencies.
No more hustling with multiple apps, wallets and other software. Being inexperienced with Web3 and crypto is a common problem. Terms like adding liquidity, staking, trading, participating in decentralized IFOs and more are just the tip of the iceberg.
With this development it becomes easier and more convenient than ever before. The PancakeSwap Mini Program on Binance provides the solution needed to bring everyone into crypto.
💥- 8% #Shib Rewards
💥- 1% for Liquidity
💥- 1% for Marketing.
📌 Token Information:
🔸Contract address: 0x940230b6b7ef1979a28f32196a8e3439c645ba49
💥Set slippage to 11%-15%
International Telegram: https://t.me/ShibarmyToken
Chinese Telegram: https://t.me/Shibarmy_CHN
German Telegram: https://t.me/Shibarmy_DE
Turkish Telegram: https://t.me/shibarmy_TR
Dutch Telegram: https://t.me/Shibarmy_NL
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