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..
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..
