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What is xPortal and how to install it?

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Nov 21, 2023

xPortal Team

Finding the best crypto wallet to manage and secure your funds is becoming a top priority, particularly in an era when digital assets are bringing about a revolutionary wave of financial empowerment.

Our goal is to assist you in navigating this new digital frontier while offering a dependable and user-friendly gateway into the realm of cryptocurrencies. With transparency, security, and ease of use as guiding principles xPortal transforms the way you handle your digital assets.

Before we delve into its exceptional features, let's explore the fundamental distinctions between custodial and hardware wallets – shedding some light on why it's essential to have the right tool for navigating the world of decentralized finance.

Table of contents:

  • What is xPortal and what makes this wallet so great?
  • How to install xPortal
  • Top xPortal features
  • How safe is the xPortal wallet?
  • What are the digital cryptocurrencies supported by xPortal?
  • What are your options as an investor for storing your digital assets

👉 You need more data to make an informed decision? See our guide on how to choose the right crypto wallet here!

What is xPortal and what makes this wallet so great?

xPortal is a versatile digital wallet and global payments app that puts you in control of your assets. 

Aside from serving as a bridge between crypto and fiat, xPortal also allows users to interact with decentralized applications (dApps) and cutting-edge technologies like AR and spatial computing. 

One thing that is essential to understand is that xPortal does not hold or control any of your crypto - it simply provides a secure interface for managing it. 

As a completely decentralized and non-custodial platform, we do not store or have access to your funds at any point. This means that you, as the user, own the private key and therefore have full control over your funds. Plus, with minimal fees (as low as $0.001 per transaction), xPortal is an affordable option for securely exchanging and managing crypto on your mobile phone. 

How to install xPortal

First things first, so let us tell you about the devices supported by xPortal:

  • Android: We support most Android devices running Android 7.0 or later (API level 24). 
  • iOS: xPortal works on Apple devices running iOS 14.0 or later
  • Huawei: xPortal is supported by Huawei operating system as well.

Here’s what you need to do once you have downloaded the app from the Apple AppStore or Google PlayStore:

  1. Open the app and choose whether you would like to create a new wallet or import an existing one. 
  2. To create a new wallet, choose that particular option, enter your phone number, and your verification code. 
  3. Then set your PIN and you will officially have an xPortal wallet that you can start exploring right away. 

It’s important to stress that some of the app functionalities will not be unlocked until you back up your secret phrase, either by writing it down manually or creating an encrypted iCloud or Google Drive backup. This security measure is in place in order to minimize the risk of losing access to your wallet and the funds stored inside it.

If you don’t know what a secret phrase is, you can find more information about it here.

To import an existing wallet, 

  1. Select that particular option in the app welcome screen.
  2. Choose whether you would like to import using a secret phrase or by using an iCloud or Google Drive backup. 
  3. Next, depending on the option that you have chosen, you will be able to enter your secret phrase manually or select the iCloud/ Google Drive backup that you wish to import and enter the password associated with it.

Top xPortal features

Aside from all the perks already mentioned, xPortal gains more and more popularity due to a series of unique features that set it apart. We know that your main criteria for choosing a crypto wallet are safety and ease of use, but we also know that you’ll absolutely love these attributes and functions:

Debit Cards

The xPortal Debit Cards represent the ultimate bridge between crypto and cash, allowing you to go from EGLD in your wallet to EURO in your account in seconds.

Native on-ramp

By having a native on-ramp xPortal ensures a seamless (and more price-competitive!) onboarding process. Users can not only enjoy the lowest market rates but also blazing fast transaction times, coupled with a simple and intuitive user experience.

Cross-chain swaps

Having numerous chains integrated is definitely cool, but being able to swap tokens cross-chain as easy as if they were on the same chain is next-level cool.

AI Assistant

xGenie, your very own AI-powered assistant will be readily available inside the app to answer any burning question you might have, making learning easy, fast and fun.

3D Avatars

Your hyper-realistic digital twins, there to represent you in your journeys across digital worlds. Whether they are Metaverse or AR Experiences you just take a few selfies and boom, you’re out of this world.

Market tracker

Easily accessible from the Track section, there for you to always provide a feel of the market sentiment and a live feed into its heartbeat. 

Play & Earn 

From monthly challenges with NFT prizes to AI Avatars, Mystery Boxes, AR Challenges, and many others, there’s a lot to explore in the app on the fun side. 

Social - Chat with your friends

In the xPortal App, Social is a new way to connect with your friends. Upon opening the app, click the “Social” button in the upper right corner and start chatting. Explore updates from the “Feed” tab, and share NFTs, photos, and tokens directly via messages while enjoying the safety and security provided by end-to-end encryption.

Insider (Daily Newsfeed)

The Insider section holds everything that’s hot, not only in the MultiversX Ecosystem, but also in the blockchain space as a whole.

Gift Cards

The best way to say "I love you!", "I miss you!", "Happy Birthday!", "Merry Christmas!" or anything else you want to convey to a friend or loved one. You don’t need to spend another moment searching for the perfect gift for someone. Regardless if they have xPortal installed or not. 

Invite & Earn

xPortal is better with friends. In the Play section, you can find the Invite & Earn feature, which offers rewards for the friends you invite and who use your referral code. You can view your entire contact list as well as your pending rewards balance there.

Portfolio

How to track your Portfolio? Simply create a Portfolio under the "Track" section to keep track of any holdings. Everything you select here is private and can’t be seen by other users.

How safe is the xPortal wallet?

Your assets and data are secured using cutting-edge encryption and verification techniques. Your private key (secret phrase) can be used in the event that your phone is lost or stolen to recover your money.

Additional steps to secure your xPortal wallet

To ensure the security of your xPortal mobile app, be sure to implement a secondary level of authentication, such as Passcode or Touch/ Face ID, to access your funds. This prevents unauthorized individuals from gaining access to your wallet in the event of a lost or unattended device. Additionally, always ensure your device is free of malware and do not install xPortal onto a rooted device. For added safety, remember to only download the app from the official links provided on our website: xportal.com.

To enjoy maximum peace of mind and go the extra mile in terms of security activate a Guardian on your account. This will add a 2FA layer on your wallet, similar to what you have on your email or online accounts, making it even harder for your account to be compromised. 

What are the digital cryptocurrencies supported by xPortal?

xPortal supports the MultiversX (EGLD), Binance (BNB), Ethereum (ETH), and Bitcoin (BTC) chains, alongside a host of tokens. New ones are being integrated constantly. 

  • Holoride (RIDE)
  • Utrust (UTK) 
  • Itheum (ITHEUM)
  • Aerovek (AERO) 
  • ZoidPay (ZPAY)
  • Sense4FIT (SFIT)
  • Isengard Token (ISET) 
  • Effort Token (EFFORT)
  • BHNetwork (BHAT)
  • Cantina Royale (CRT)
  • QoWatt (QWT) 
  • AshSwap (ASH) 
  • Cyberpunk City (CYBER)
  • WUSDC (USDC) 
  • Wrapped BUSD (BUSD) 
  • Wrapped USDT (USDT)
  • ERC20 USDT
  • ERC20 USDC

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What are your options as an investor for storing your digital assets

One option for storing your crypto is through custodial wallets, such as the ones provided by exchanges, like Binance. This type of wallet is managed by a third party, similar to a bank managing your checking or savings account. The advantage of using a custodial wallet is having protection against  the risk of losing your crypto if you forget your password. However, there are limitations to using this kind of wallets, such as restricted access and the potential loss of crypto if the provider is compromised.

Alternatively, you could opt for a hardware wallet which is a physical device, similar to a thumb drive, that stores your private keys offline. This additional layer of security has gained popularity among users.

As the world of cryptocurrency continues to develop, it is crucial to carefully manage your digital assets. Our promise is to offer a dependable, easy-to-use, and secure crypto wallet, enabling you to confidently navigate the realm of decentralized finance. 

Whether you are a novice in the crypto world or an experienced investor, having the appropriate tools can make all the difference. Therefore, take control of your financial stability and safety with xPortal. Your digital wealth is in good hands!

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