Buy On-Chain US Stocks in Binance Web3 Wallet (AAPLon, TSLAon)

There are three routes to US stocks on Binance: real US stocks, bStocks, and on-chain US stocks. The first two are bought and sold inside your Binance account. On-chain US stocks sit in Binance Web3 Wallet, where you hold them yourself, and that is the basic difference from the other two. The full picture is in the 3 routes compared.

What Binance Web3 Wallet is

Binance Wallet, often called Binance Web3 Wallet, is a self-custody crypto wallet built into the Binance app (What Is Binance Wallet and How Does It Work?). Assets in your exchange account are held by Binance; assets in the wallet are under your own control.

On-chain US stocks are tokens on a public chain, so buying them takes a wallet that can hold on-chain tokens and sign on-chain transactions. Binance Alpha is a section inside the wallet, reached from the wallet's Markets tab (What Is Binance Alpha on Binance Wallet?), and on-chain US stocks sit in its Stocks section.

Who issues on-chain US stocks

The "on"-suffixed on-chain US stocks are issued by Ondo, through the entity Ondo Global Markets (BVI) Limited. Common ones include:

• AAPLon: tracks Apple.
• GOOGLon: tracks Google's parent, Alphabet.
• TSLAon: tracks Tesla.
• NVDAon: tracks Nvidia.
• QQQon: tracks the Nasdaq-100 ETF (QQQ).

According to the overview page of Ondo's docs (checked in October 2026), these tokens give economic exposure to the underlying asset, not direct title to the shares; holders have no shareholder voting rights; dividends are reinvested into the underlying stock net of withholding tax and not paid in cash; and the tokens are aimed at investors outside the US. Buying or selling directly on Ondo's platform requires KYC onboarding, currently open only to institutional participants, so ordinary holders trade on the secondary market. The dividend arithmetic is in do stock tokens pay dividends.

Binance Wallet has no seed phrase: backup and recovery

A wallet created in the Binance app is a keyless wallet, and the Binance Wallet FAQ says plainly that it does not support seed phrases. It uses multi-party computation (MPC) to generate three key shares stored in different places, including your device and cloud storage, and at least two are needed to access the wallet (What Is a Keyless Wallet and Why Do I Need to Back It Up?). A seed phrase or private key only comes into it when you import an existing external wallet.

So what you look after is not a seed phrase but the backup and the recovery password. There are three ways to back up:

• Quick backup: done with biometrics, with no recovery password; the key share is encrypted and backed up by a third-party service provider.
• iCloud or Google Drive backup: you set a recovery password, which encrypts the key share.
• QR code backup: also needs a recovery password, and you keep the QR code that is generated.

Once the backup succeeds, the wallet management page shows the wallet as backed up. If you lose or forget the recovery password, Binance cannot help you retrieve it, and you lose access to the key-share backup and the wallet; if you forget it and can no longer access the device, or have deleted the Binance app, Binance cannot restore the wallet either. Don't share the recovery password with anyone.

Two more rules apply to any on-chain wallet, whatever its type:

• Don't tap a signature you don't understand: on-chain transactions need a signature, and a malicious contract can trick you into approving it to move your assets.
• Check the address and the network before you send: a transaction cannot be cancelled once confirmed, and Binance cannot refund funds sent to the wrong address.

If you would rather not deal with backups and recovery passwords, buying bStocks or real shares inside your Binance account is simpler; see what Binance bStocks are.

Which chains the tokens are on, and what pays the gas

Per Ondo's docs, these tokens are currently issued on Ethereum, BNB Chain and Solana. Which chain a given token uses inside Binance Wallet is the network shown on the order page.

Every on-chain action pays a network fee, also called gas. It goes to the blockchain's validators and is not charged by Binance (What Are Network Fees (Gas Fees) and Why Should I Pay It?):

• What pays it: by default the chain's native token, BNB on BNB Smart Chain and ETH on Ethereum.
• If you hold no native token: on BNB Smart Chain, Ethereum, Solana and TRON, Binance Wallet also lets you pay gas with USDT held in the wallet, or with BNB, USDT, USDC, ETH or SOL held in your Binance exchange account (Spot, Funding or Earn).
• Not enough balance: if your gas token balance is insufficient, the transaction cannot be completed.
• Failed transactions: a transaction that was executed and failed still pays gas.

Buying bStocks on Binance Spot has no gas layer.

The steps before you buy

1. Create the wallet: log in to the Binance app, switch to the Wallet tab at the top of the home screen and create a wallet.
2. Back it up first: pick one of the backup methods above and confirm the wallet management page shows the wallet as backed up.
3. Move funds into the wallet: use the wallet's receive option, where you can choose to withdraw from your Binance exchange account: select the token and network, enter the amount, and send from your Spot or Funding wallet. Pick the right network, because a transaction cannot be cancelled once confirmed.
4. Sort out gas: keep a little of the chain's native token, or use the USDT or exchange-account options described above.
5. Place the order: open the page of an "on"-suffixed token, check the network, the paying currency, the quote and the network fee shown on the order page, then sign to confirm.

Which currency you pay with, the minimum amount and whether a platform fee applies are whatever the order page shows at the time. What you can buy may differ by region, and Ondo's docs state that these tokens are aimed at investors outside the US.

How it differs from buying bStocks on Binance Spot

Aspect	On-chain US stocks (Web3 wallet)	bStocks (Binance Spot)
Issuer	Ondo Global Markets (BVI) Limited	BTech Holdings Limited
Asset custody	Self-custody wallet, secured by key shares and a recovery password	In your Binance account
Fees	On-chain network fee (gas) plus swap slippage	Zero commission, with maker and taker rates on the order page; no gas
On-chain use	Already on-chain, usable in DeFi	Withdrawable to a compatible BNB Smart Chain wallet, subject to transfer restrictions
Conversion to real shares	No	Yes, 1:1 with real shares in Binance Stocks
After a mistake	A confirmed transaction cannot be cancelled, and Binance cannot refund funds sent to the wrong address	You are operating inside your Binance account

If you want to use US-stock exposure in DeFi and are willing to look after your own wallet, go with the Web3 wallet; if you want less to manage and the option of converting back to real shares, stay on Spot with bStocks. If you just want to buy a few stocks with USDT, Binance Stocks is more direct, and the steps are in how to buy US stocks on Binance.

The extra risks of going on-chain

Beyond the de-peg, issuer and regulatory risks all stock tokens share, on-chain US stocks add a few more:

• Losing access to the wallet: if you forget the recovery password and can no longer access the device, Binance cannot restore the wallet.
• Approval phishing and malicious contracts: sign the wrong approval and you may have handed someone else permission to move your assets.
• Irreversible transfers: with the wrong address or the wrong network the funds may be lost, and Binance cannot refund them.
• Smart contract risk: on-chain tokens rely on contracts; if a contract has a flaw or gets attacked, your assets can be affected.
• Issuer and de-peg: like all stock tokens, when Ondo's supporting assets or liquidity run into trouble, the price can drift from the real share.

The full list of risk types is in are stock tokens safe.