XDEFI Wallet is a non-custodial multi-chain hot wallet that allows users to store, trade, and send 10,000 cryptocurrencies on 14 different blockchains.
XDEFI Wallet supports Bitcoin, Ethereum, Arbitrum, Avalanche, Bitcoin Cash, BNB Beacon Chain, BNB Smart Chain, Doge, Fantom, Litecoin, Polygon, Terra V2 and THORChain.
Users can also store and send their NFT in their XDEFI wallet.
XDEFI Wallet is the gateway to access all dApps. It has a built-in bridge that allows users to trade cryptocurrency between different chains.
In this article, I will explain how I created and configured the XDEFI wallet.
Table of Contents:
How to create, configure and use XDEFI Wallet?
To use XDEFI Wallet, first, you need to download the extension.
Then, you need to create your XDEFI Wallet account.
The account creation process includes setting a new password and backing up the reset phrase.
That’s all. Now you’re ready to use XDEFI Wallet.
Steps to create, configure, and use XDEFI Wallet
- Install XDEFI Wallet
- Create an XDEFI wallet
- Set a password
- Backing up and verifying the secret phrase
- Set a name
- Use XDEFI Wallet
1. Install XDEFI Wallet
To install XDEFI Wallet, you need to visit the XDEFI Wallet website and click “Install XDEFI Wallet“.
XDEFI Wallet is available as an extension for Chrome, Edge, Brave, Opera and Cốc Cốc browsers.
After installation, click on the “puzzle” icon to the right of the browser omnibox, followed by the “XDEFI Wallet” extension.
2. Create an XDEFI wallet
After opening the XDEFI Wallet extension, click “Let’s Get Started“.
Then, accept the terms and conditions of XDEFI Wallet by selecting the small checkbox.
Since you are creating a new account in XDEFI Wallet, you need to click on the “Create XDEFI Wallet” option.
If you already have an account with this wallet, click “Restore XDEFI Wallet“. Then, enter your secret recovery phrase to restore your account.
If you want to connect your hardware wallet to XDEFI Wallet, click “Connect Hardware Wallet“. You can also link your hardware wallet after creating and configuring the XDEFI account.
Set a password
The first step in the account creation process is setting a new password.
Enter a memorable password with a minimum of 8 characters. The password you are going to set is used to protect your XDEFI wallet on your current device.
After setting a password, click “Next“.
3. Back up and verify the secret phrase
After that, the wallet will display your secret recovery phrase.
Because the XDEFI wallet is not guarded, details such as passwords and secret phrases are stored on users’ machines, not on XDEFI’s servers. This is what is called “decentralized”.
Now, back up your secret phrase. We highly recommend that you write down your secret phrase on a piece of paper and store it in a safe place.
The secret phrase has full control over your wallet account. A person with your secret phrase will have full access to your funds in your wallet. So, always use best practices to store them.
After taking a backup, click “Next“.
Next, you need to verify your secret phrase. To do this, you need to enter the words in a certain position as displayed.
Finally, click “Next“.
4. Set a name
Then, name your wallet.
Enter the name in the given field and click “Next“.
You can rename the wallet account name later on the “Account” page if you wish.
Now, if you want, you can make XDEFI Wallet the default browser wallet by clicking the “toggle” icon.
That’s all. You have created and configured an XDEFI Wallet account.
5. Use XDEFI Wallet
By default, you will land on the “Resources” page where you can manage your resources. You can send, receive, and purchase crypto assets from the Assets page.
This page displays a search box to search for cryptographic assets. Next to the search box, there is a drop-down menu that allows you to show the crypto assets of all chains or a particular chain.
On the “NFT” page, you can manage the NFTs of all supported chains. The “swap” button allows you to exchange tokens between supported chains. For example, you can exchange Ethereum for Bitcoin and vice versa.
The “Activity” page shows all your recent inbound and outbound transactions. The “Account” page allows you to create multiple wallet accounts, see the secret phrase, change the wallet account name, back up, and delete the account.
To change the “Network“, click on the “drop-down” icon at the top left of the wallet.
For more options and settings, click on the “three parallels” icon at the top right of the wallet.
There, you can add contacts, manage your wallets, for example by connecting it to a hardware wallet, enabling testnets and settings. To lock XDEFI Wallet, click on “three parallel lines” at the top right of the wallet and click “Block“.
The “Settings” option allows you to change the password, chain management, dApps permissions management, token approval, and default currency configuration.
Here’s how you can use the XDEFI wallet to manage your cryptocurrencies, NFT, and Defi access.
conclusion
Installing and creating an XDEFI Wallet account is a simple task.
Setting the password and backing up the recovery phrase are the two essential steps involved in creating the XDEFI Wallet account.
Anyone who has your seed phrase can access all your resources.
So, always remember to keep your secret phrase in multiple places to prevent it from being lost. If you lose them, no one can access your account, not even the XDEFI Wallet team.
Beware of scams floating around. At any time, no one from the XDEFI Wallet team will ask for your recovery phrase.
If you wish to contact XDEFI Wallet customer support, you can contact them via Discord or start a live chat by clicking on the “Intercom” icon at the bottom right of the web page.
frequently asked questions
1. Does XDEFI Wallet support hardware wallet?
Yes, XDEFI Wallet supports hardware wallets such as Ledger and Trezor.
