Introduction: Xdefi Wallet has gained popularity as of late and in this review, we take a close look at what it has to offer. We have examined the main features of the Xdefi wallet so that you can easily and quickly decide if it’s a wallet that makes sense for you to use.
The Xdefi wallet was founded in 2020 by Emile Dubie and David Phan with a vision to create a crypto wallet that could seamlessly interact with DeFi. The team is headquartered in London, UK and consists of 30 people. They have to date raised over $7 million from investors such as Animoca, Coingecko and Mechanism Capital.
The XDEFI Wallet is a multichain crypto wallet that allows users to securely store, swap, and send crypto and NFTs across 17 blockchains. It also offers a built-in DEX/bridge aggregator, which means that users can easily bridge their tokens without leaving their wallets.
Xdefi Supported Platforms
The Xdefi wallet is a browser extension wallet that is available on multiple browsers such as Chrome, Brave, Opera, Edge and Coc Coc. Firefox is not yet supported but is in the pipeline and should be available by the end of Q3 2023.
On Chrome Xdefi has over 100,000 downloads and a 5-star rating based on over 230 reviews. The Xdefi team is also working on a mobile app for Android and IOS which should be live before the end of Q2 in 2023.
Xdefi Wallet Features
XDEFI Wallet is a non-custodial Web3 wallet that enables users to send and receive cryptocurrencies, connect to DeFi dApps, swap assets and manage NFTs.
One of the key features of Xdefi is its integration of Thorchain, a decentralized liquidity network that allows for cross-chain asset trading. The integration allows for swapping of native L1 assets between different chains with minimal slippage.
The Xdefi Wallet allows users to easily manage their NFTs by providing a user-friendly interface for viewing, buying, and selling NFTs. Users can also view their NFTs in a portfolio view, making it easy to keep track of their collection. Additionally, users can also transfer and receive NFTs to other users.
Finally, the Xdefi wallet also supports bridging services via their native integration of Womehole, Avalanche Bridge and Connext Bridge.
Xdefi Supported Cryptocurrencies
The Xdefi wallet supports over 10,000 cryptocurrencies across 17 blockchains such as Bitcoin, Ethereum, Solana, Thorchain, Arbitrum, BSC, Avalanche, Near, Fantom and others. This is 60 times more assets than Coinbase and more than 20X the cryptos that can be purchased through Binance.
Users can swap native L1 tokens to 5,000+ Ethereum/Avalanche assets in a single transaction from their wallet without connecting to a third-party interface or signing transactions
Xdefi Wallet Customer Support
The Xdefi team offers comprehensive support services to its users through various channels. Users can access an extensive academy on the website, which includes support articles that cover a wide range of topics like how to get started, security, and more.
Additionally, users can communicate directly with the Xdefi team through the intercom support chat feature, which is readily available on the website. For those who prefer to communicate with the Xdefi team through social media, they can do so by visiting the Xdefi discord channel or by reaching out to the team on Twitter.
Is Xdefi Wallet Safe?
The Xdefi wallet is a non-custodial wallet which means that users have full control over their private keys and seed phrases, and the platform does not have access to them.
One of the downsides of the Xdefi wallet is the fact that it’s still not open source. Having said that, the architecture and code have been reviewed multiple times by Kudelski Security.
For those that wish to add an extra layer of protection to their DeFi journey, Xdefi supports integration with Ledger hardware. To use Ledger integration with XDEFI Wallet, users are required to first set up their Ledger device and then they can establish or restore a Ledger Wallet within the XDEFI Wallet.
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.