X-Wallet: The Decentralized Non-Custodial Crypto Wallet with Zero Gas Fees

Following the crash of giant crypto exchange FTX and all the turmoil it caused, crypto enthusiasts and investors have been constantly withdrawing their assets from exchanges.

In fact, trust and security are two main pillars of any potential investment. However, with the current events and market conditions, there is no doubt that this hasn’t been the case, as users are more aware of the types of wallets available for use.

Fortunately, there are prominent projects that scream nothing but security, trust and decentralization, including X-Wallet. 

With over 32,000+ combined users across Chrome, Play Store and IOS, X-Wallet is an open-source, non-custodial crypto wallet developed to offer a convenient and easy way of storing crypto assets within the Kadena Ecosystem. 

With the X-Wallet 2.0 extension build release, users can now experience the enhanced sleek UI matching the mobile application, while enjoying the freedom of crypto management, and not being tied to any online exchanges or online banking platforms.

Why X-Wallet?

As is known, custodial wallets are not completely decentralized and pose a huge risk to the security of one’s cryptocurrency assets. If a custodial wallet becomes malignant, the user will have no meaningful way of getting their funds back, as they have handed over custody of their assets. In fact, there is minimal to no recourse if a hacker penetrates the system or the fundamental foundations of the company collapse.

In addition to that, all the centralized exchanges used for crypto trading are custodial wallets, which means that private keys are kept in the exchange’s possession. In recent times, the largest cryptocurrency hacks have been originating from custodial entities, namely centralized exchanges, as they serve as both a hacker honeypot and a single point of failure.

Nevertheless, in this rapidly evolving ecosystem, where the services are truly meant to be decentralized, X-Wallet has all the above-stated problems sorted out in the form of an elegant non-custodial product that drives innovation in Kadena. How?

Easy to Use

When it comes to interacting with blockchain services, one doesn't want to be in a position where lack of features is limiting their ability to access swaps, staking, collecting, and more. Accessing applications on the Kadena Ecosystem couldn’t be easier with the native X-Wallet extension for Chrome. It’s as simple as generating a private key and transferring funds, and one can directly interact with the plethora of applications within the emerging POW chain.