There are hundreds, if not thousands, of different crypto wallets. Most blockchains have their own wallet. In general, most wallets only work on their native chain. However, there’s one wallet that is way different. It takes multichain to a different level. That’s the Ctrl Wallet, formerly known as XDEFI Wallet. Ctrl supports millions of assets and NFTs on 1,800+ blockchains.

So, let’s take a look at what makes Ctrl Wallet a better wallet.

Multichain With Gas Tank Feature

The Ctrl Wallet offers you a unique multichain experience with no gas fees. The number of chains that Ctrl Wallet supports is unique. It supports millions of assets and NFTs. The number of supported chains is 1800 and counting. That’s massive. No other wallet offers this diversity. You can read more in our Ctrl Wallet introduction article.

You don’t need a MetaMask or Rabby for your EVM chains or Phantom for your $SOL transactions. Or how about Keplr for everything Cosmos-related? You can now all find that in the Ctrl Wallet. All in one place. The new wallet should launch in September. 

So, this also means that you no longer need a third-party app to bridge between ecosystems. In other words, the wallet offers its own aggregator. This aggregator functions as a bridge and DEX. As a result, you can trade more than 10,000 assets on various networks. But that’s not all, you can also migrate them between various ecosystems. There’s no need anymore to leave your Ctrl Wallet. 

The cherry top on the cake is their gas tank option. There’s no longer a need to have all kinds of different crypto assets to pay gas fees. Ctrl Wallet offers a gas tank feature. It allows for $USDC or its native $XDEFI token as deposits. Now, the gas tank will pay any gas fees on any supported chain. A priority switch allows the feature to use the Gas Tank deposits to pay for network fees. In other words, there’s one gas currency. The $XDEFI token should migrate at the end of the summer 1:1 to the $CTRL token. 

New Mobile App

Ctrl Wallet released a completely new mobile app. It promises great functionality. With a redesigned UI (user interface) it also offers a new visual experience. You can also sign up to test the new Beta mobile wallet. In case you still have the XDEFI web extension, this should update to the new Ctrl Wallet in due time.

In early August, it also hit a new milestone. They had 300k weekly active users within the wallet. This is bound to grow, once the new wallet goes live. In one wallet, you have access to over 10 million assets. You can access any dApp on every blockchain or testnet. The possibilities seem endless.

This wallet will also be hosting NFTs on over 30 chains. This includes the three big ones, Ethereum, Bitcoin, and Solana. However, it also includes, for instance, Stargaze on the Cosmos Hub. 

Since it is a self-custodial wallet, you are always in control of your assets. Nobody else has access to your seed phrase or password. On this note, Ctrl lets you log in with your social account credentials or Google. If you opt for this, there’s no need for seed phrases.

Ctrl Wallet

Source: Ctrl Wallet website

Conclusion

Ctrl Wallet is the multichain wallet that you may know as the XDEFI wallet. With this rebranding, the team shows that this wallet is more than only a tool for DeFi. Currently, it offers over 1800 chains and millions of assets under your control. The launch should be in September, so keep an eye out on our updates and their social media.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Ctrl Wallet.

Copyright Altcoin Buzz Pte Ltd.

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