Binance Research (Mac Nagger)


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  • Wallets are essential to achieve mainstream adoption of blockchain technology.

  • Crypto custody is a rapidly evolving space and a topic of increased focus given industry events, and the influx of new market participants into crypto over the past couple years.

  • Understanding how wallet accounts work is essential to securing your funds.

  • Wallets rely on complex record-keeping, connective, and cryptographic processes to interact with the blockchain.

  • Wallet options are differentiated by the unique ways in which they store private keys, connect to the internet, and sign transactions.

  • Current wallet options face a tradeoff between convenience and security.

  • There must be varied wallet options to meet the needs of a heterogeneous set of users in a decentralized system.

  • Trends point to developers mitigating the convenience vs. security tradeoff and enhancing the functionality of current wallet options.

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About Binance Research: Binance Research is the research arm of Binance, the world’s leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.

General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.

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