XDEFI Review: Hidden Gem or a Heavily Disadvantaged Wallet

Whenever the conversation revolves around cryptocurrencies, people like to flash the word “anonymous” around. While personal anonymity is certainly beneficial to the individuals that use this new financial asset, the same cannot be said about software developers.

Can this wallet launch itself to popularity despite having a virtually unknown developer, or is its destiny to be consigned to mediocrity? Find out in our XDEFI review.

Who Owns XDEFI Brand?

XDEFI Technologies Ltd is a British Virgin Islands company that has developed the XDEFI wallet, according to the legal documents found on the website. However, this information cannot be confirmed, as the information about the company registered in the BVI has to be requested officially and paid for in advance. 

However, the company’s page on LinkedIn claims that the business operates out of the UK. We did find an entity with a similar name, called XDEFI LTD, which is in the process of deregistration, or strike off:

There’s another entity – CTRL WALLET LTD which previously used the name XDEFI TECHNOLOGIES LTD between the period of 02 Aug 2020 and 05 Jun 2024:

With the lack of transparency rules that govern the website information, it is not possible to pinpoint the exact owning entity of the XDEFI crypto wallet. 

The site does, however, reveal some social network profiles of people who are behind the product: Émile as the CEO and co-founder, David as the CTO and co-founder and Kevin Beardsley as the COO. This approach is still far more transparent than what GetMonero displays.

Pros & Cons

This non-custodial wallet allows users to store and swap their digital assets and XDEFI NFT products across many blockchains. 

With the variety of products, multiple extensions for various browsers and compatibility with many blockchains, it’s no surprise that almost all XDEFI reviews, primarily on ProductHunt and Google Store are positive. It can’t be denied that all of them speak highly of the app, valuing it for its user-friendly interface and secure transactions.

Users on Reddit go as far as calling in a hidden gem that deserves more users and attention, while others wonder if their funds are gone forever. While the opposing opinions do exist, there definitely are advantages and downsides to the product:

XDEFI Features

The XDEFI extension can be downloaded for the following web browsers if you click links given on the site:

The purpose of this software solution is to allow storing, swapping, staking and XDEFI coin sending over multiple chains. The user dashboard is easily navigated and any of these operations can be performed in a matter of just a few clicks. 

Among over 10.000 different crypto currencies, users also have access to the XDEFI token with the current price of $0.06554 (all time high being $2.37) and daily volume of $441,040. The coin may be traded on centralized exchanges, but although XDEFI Binance page contains the token price chart, it is not actually listed on the exchange.

XDEFI ledger support is available to assist users in keeping their assets safe and to allow them to securely navigate dApps. Besides Ledger support, the wallet is also compatible with Trezor.

Despite supporting most blockchains and thousands of crypto coins, a major drawback of this technology is probably the fact that the XDEFI mobile software has yet to be launched. It’s still completely free to use, however, so anyone can get it installed, browse around the functions and collections and give it a try.

If you’d still rather not store crypto tokens but earn by investing in other products and opportunities, make sure to check out how Nuveen can help you.

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