Xverse has emerged as a leading Bitcoin Web3 wallet, offering users a comprehensive suite of features tailored to the evolving Bitcoin ecosystem.
Available on iOS and Android and as a Chrome browser extension, Xverse provides a user-friendly app for managing bitcoin (BTC), stacks (STX), and other Bitcoin-native assets. Read on to learn more about Xverse wallet.
Here’s What Xverse Has to Offer
Let’s take a look at Xverse’s list of features and functionalities.
User-Friendly Interface and Accessibility
Xverse is designed with user experience in mind, ensuring that beginners and seasoned crypto users can navigate its features with little hindrance.
The wallet’s intuitive layout lets users securely store, send, and receive bitcoin and a range of Bitcoin-native assets. Additionally, Xverse supports advanced L2s built on top of Bitcoin, such as Stacks, Mezo, and Bitlayer, enabling users to explore various applications within the Bitcoin ecosystem.
Security Features
Security is paramount in the world of cryptocurrencies, and Xverse addresses this by offering hardware cold storage support.
Users can integrate their wallets with hardware devices like Ledger, ensuring that their private keys remain offline and protected from potential online threats. This integration is designed to give users peace of mind, knowing that top-tier security measures safeguard their assets.
Support for Bitcoin Ordinals and Rare Satoshis
Xverse stands out by providing a dedicated Bitcoin Ordinals and Rare Satoshis platform. Users can store, send, and receive these digital collectibles directly within the wallet.
Including built-in Ledger support further enhances the security of these assets, making Xverse a preferred choice for collectors and other users of Bitcoin-native NFTs.
Integration with Decentralized Applications (dApps)
The wallet’s dApp browser allows users to interact seamlessly with decentralized applications secured by Bitcoin.
Whether trading Ordinals on platforms like Magic Eden, earning interest through DeFi protocols such as ALEX, or securing a .btc username, Xverse is a gateway to the expanding Bitcoin Web3 ecosystem.
Swapping STX and SIP-10 Tokens
A notable feature of Xverse is its in-app Stack swap aggregator, which enables users to do SIP-10 token and STX swaps directly on-chain.
By integrating with DeFi protocols like Bitflow, Velar, and ALEX, Xverse facilitates decentralized token trading without the need for centralized exchanges. This approach ensures that users retain full control over their private keys during transactions, enhancing both security and convenience.
“We’ve brought the simple swap experience that people are used to right into the wallet. At the same time, users can easily access multiple providers to get the best prices.” – Xverse CEO Ken Liao.
Earning Bitcoin through Stacking and Staking
Xverse offers a non-custodial stacking pool where users can lock their STX tokens to earn bitcoin rewards.
With a minimum stacking amount of 100 STX, users can participate in the network’s consensus mechanism and receive BTC rewards without incurring pool fees. This feature provides an avenue for income generation, leveraging the unique Proof-of-Transfer (PoX) consensus of the Stacks blockchain.
What’s more, Xverse users can deposit bitcoin on BTC Staking protocols like Acre to earn a yield on their coins.
Privacy and Non-Custodial Control
As a non-custodial wallet, Xverse ensures that users have full control over their digital funds.
The wallet does not track personally identifiable information, including account addresses or asset balances. This commitment to privacy means that users’ data remains confidential and maintains sovereignty over their assets without relying on third parties.
Getting Started With Xverse
To install the Xverse wallet, visit the official website or download it directly from your device’s app store. Xverse is available on both iOS and Android, ensuring compatibility with most smartphones.
Once you’ve downloaded the app, open it and select the option to create a new wallet. You’ll be prompted to set a strong password to secure your wallet, so make it unique and memorable. Afterward, you’ll receive a 12-word recovery phrase. Write this phrase down and store it in a safe, offline location—this is the only way to recover your wallet if you lose access to your device.
After setting up the wallet, you can begin using it by adding bitcoin or other supported tokens. To receive funds, navigate to the “Receive” tab and copy your wallet address or scan the QR code provided. If you’re transferring Bitcoin from another wallet or exchange, ensure you’re sending it to your Xverse wallet address.
For added convenience, explore the wallet’s built-in support for Ordinals, enabling you to manage and store NFTs directly on Bitcoin. Customize your settings to adjust transaction fees, enable security features like biometrics, or explore integrations with decentralized applications.
Bottom Line
Xverse’s user-friendly interface, robust security features, support for Bitcoin-native assets, and seamless integration with decentralized applications on Bitcoin layer 2s make it a compelling choice for both newcomers and experienced users.
The ability to swap Bitcoin and Stacks assets directly within the wallet and opportunities to earn bitcoin through stacking and staking on Layer 2 further enhance its appeal as a BTCFi wallet.