XDEFI is a non-custodial, multichain wallet that securely stores, swaps, and sends cryptocurrencies and NFTs across over 200 blockchains, including Ethereum, Solana, Arbitrum, THORChain, Avalanche, Polygon, and Bitcoin. It supports over 10,000 assets and offers features like smart asset grouping, Ledger and Trezor support, and access to decentralized applications (dApps) on multiple chains.
The XDEFI token is used within the XDEFI Wallet ecosystem, which is a multi-chain wallet supporting over 200 blockchains, including Bitcoin, Ethereum, Solana, and more. The wallet allows users to securely store, swap, and send cryptocurrencies and NFTs across various chains. It also supports Ledger and Trezor hardware wallets for added security.
Key features of the XDEFI Wallet include:
- Cross-chain swaps: Users can swap tokens across different blockchains seamlessly, leveraging leading DEXs like 1inch, Jupiter, and Osmosis.
- dApp connectivity: The wallet connects to various decentralized applications (dApps) on multiple chains, providing a unified interface for users.
- Multi-chain support: XDEFI supports a wide range of blockchains, allowing users to manage assets from different ecosystems in one place.
- Security: The wallet emphasizes security with features like IP address protection, no Google Analytics tracking, and a bug bounty program.
The XDEFI token itself is not explicitly described as a means of payment or utility within the wallet. However, it is mentioned as part of the XDEFI ecosystem, suggesting it may have a role in governance, incentives, or other functions within the platform.
To store XDEFI (XDEFI) tokens, you can use the XDEFI Wallet, which supports multiple blockchains and allows you to securely store, swap, and send crypto and NFTs across over 200 blockchains. Here are the steps to manage your XDEFI tokens:
- Open the XDEFI Wallet extension.
- Click on the downward-pointing arrow associated with the asset group of your choice to display the detailed list of assets supported on their respective blockchain.
- Click on the '...' associated with the XDEFI token to see the different options:
- View: View your address and asset on the explorer.
- Pin to top: Pin the whole asset group to the top of the Home screen.
- Remove token: Remove the token from your wallet.
- Copy chain address: Copy the chain address for the XDEFI token.
Additionally, you can back up your wallet to ensure the safety of your XDEFI tokens. To do this:
- Open the XDEFI Wallet extension.
- Click on the upper-left button related to the current account selected.
- Click on the 'Manage' button.
- Click on the '...' associated with the wallet of your choice and select the 'Show secret phrase' option.
- Enter the local password of your XDEFI Wallet extension to access your secret phrase.
By following these steps, you can securely manage and store your XDEFI tokens within the XDEFI Wallet.
To buy XDEFI (XDEFI) tokens, you can follow these steps:
Buying XDEFI (XDEFI) on a Centralized Exchange (CEX)Register on a CEX:
- Sign up on a centralized exchange (CEX) that supports XDEFI trading, such as KuCoin.
- Verify your identity and secure your account by setting up two-factor authentication and a trading password.
Add a Payment Method:
- Add a credit/debit card or bank account to your CEX account.
Buy XDEFI:
- Use your added payment method to buy XDEFI tokens on the CEX. You can buy XDEFI directly with fiat currency or first purchase a stablecoin like USDT and then exchange it for XDEFI.
Choose a DEX:
- Select a decentralized exchange (DEX) that supports XDEFI trading, such as Uniswap.
Set Up a Crypto Wallet:
- Download and install a Web3 crypto wallet like Metamask or a mobile wallet like Trust Wallet.
- Create and set up a new wallet, ensuring you keep your seed phrase safe.
Transfer Base Currency:
- Transfer a base currency like ETH or BNB to your wallet address.
Connect to the DEX:
- Connect your wallet to the DEX by clicking the "Connect Wallet" button and following the instructions.
Swap for XDEFI:
- Find the "Swap" option on the DEX, select your base currency as the "From" currency, and XDEFI as the "To" currency. Enter the amount you want to swap and confirm the transaction.
- Ensure you are using a reliable and secure exchange or wallet to avoid scams and potential losses.
- Always double-check the smart contract address of XDEFI to avoid buying fake tokens.
- Be aware of market risks and price volatility, and only invest in products you are familiar with.