Binance keeps adding a new feature on its
platform. The latest feature enabled by Binance is Binance dex and Biancne
chain. However, in this blog, we are going to tell you about how to create a
wallet on binance dex. Via binance dex, You can learn how to do trading with
cryptocurrency, since it is on test net. So, you can learn to trade with
experience. When you are ready, you can start your trading with real money.
However, for now, let's see about creating a wallet? We hope this blog will be
useful to you.
Steps to creating the wallet?
Creating the wallet is easy on Dex. Go to finance
official dex site or On testnet It does not include going to Binance login. Make sure you are landing on the
right page. When you open the page, It will automatically ask you to create a
wallet. There are a few things; You need to remember. A Keystore which stores
both your private key & Public key. It is password protected.
Then next is the Mnemonic Phrase, in simple words,
It a list of words, which will give access to your account. However, it would
help if you did not use it regularly. Then, at last, a private key will be
provided to you. Again Do not use it regular basic, Only keep it is as your
Backup.
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| Binance Login |
Ok, Lets us begin the process, again do not go to
the Binance Login page. However, balance dex page. On this page, first, there
are few instructions. If you want, you can read them to understand it better.
So, after reading it, keep clicking next. When it is finished, you are now able
to create a wallet. First create a password, which includes an upper case, and
a lower case. Then re-enter your password. Click on download Keystore file.
Here is a three-line warning When you
are trying to create the wallet. Under no situation, Binance can Recover Your
account.
Now, the mnemonic phrase will appear. Make Sure;
you note it down. From there, follow the
instructions to create the account. Now your Binanc dex wallet has been
created.
We hope this post will be helpful for you.
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