Download xPortal Wallet Extension | Official Website
xPortal is a self-custodial crypto wallet and global payments app that MultiversX Labs (initially the Elrond network) introduced. The app was created at the top of its predecessor, the Maiar App. It provides a one-stop shop for handling virtual finances with the digital application store hosting metaverse experiences and a huge range of apps. MultiverseX refers to xPortal Wallet as the “Web3 app and the ultimate doorway to the metaverse.”
With a few clicks, users can transact and receive digital currencies, fiat currency, and NFTs, create social avatars, track the asset portfolio, chat with advanced encryption messaging, handle debit cards, interact with Web3 metaverse and the apps, and exchange between different virtual assets.
Features that Make xPortal Wallet Unique?
The mobile app of xPortal on Android and iOS platforms provides users immediate access to a variety of functionalities and features, like the following:
Self-Custodial Wallet: One of the notable features of xPortal Wallet is to keep virtual assets, like NFTs (non-fungible tokens), cryptocurrencies, and AI-created avatars. Also, the users can transact and receive assets and fiat currencies.
Portfolio Tracker: A reliable feature for active virtual assets investors seeking to combine performance reports from several platforms where they invested their digital assets. The portfolio tracker allows users to monitor the general cryptocurrency market, a subset of the market, via a Watchlist option or the assets they keep in their wallets.
Asset Swaps: Users can exchange different ESDT (eStandard Digital Tokens) standard digital tokens on the MultiversX network. xExchange, a DEX (decentralized exchange) powered by these swaps, is also provided by MultiversX.
NFT Marketplace: xPortal isn’t only an NFT wallet. Also, the users can explore the NFT (non-fungible token) marketplace by MultiversX dubbed XOXNO. While it’s not presently possible to buy the NFTs straight via the wallet, users can visit the marketplace, interact with the xPortal Wallet, and purchase.
P2E (Play-to-Earn) Games: Unlike other digital currency wallets, xPortal allows users to enjoy immersive and engaging cryptocurrency games with the probability of earning returns.
Guide to Get Started with xPortal Wallet
The following section will help you with the simple step-by-step wallet setup procedure.
Downloading the xPortal Mobile App
Firstly, move to the xPortal website to access the official download URL. xPortal Wallet mobile app is accessible on the iOS and Android platforms.
On the following pop-up screen, tap on either of the URLs and choose the correct one.
Then, the third option permits you to utilize the code scanner, it will launch the appropriate app store. Install the app.
Setting Up a xPortal Wallet
Launch the xPortal mobile app and hit the Create New Wallet button. If you already possess a wallet address by connecting with the Elrond blockchain, you can choose to import or recover the wallet to xPortal with the second button.
On the next page, you should specify the mobile number to obtain the confirmation code.
Hit the Continue tab. The mobile number is essential in creating a distinctive identifier for the xPortal Wallet and will be instrumental if you must restore it.
After creating the wallet, hit the Enter xPortal tab to continue.
Secure the xPortal Account
You should generate a PIN to unlock the account each time you use it.
Select the Create New PIN option and specify the 4-digit code. Rewrite the code to confirm.
When done, you can now access the xPortal wallet and account.
Back-Up the Wallet
The final step is essential because it will let you restore the cryptocurrency wallet if you change or lose the smartphone device in the future. You have two options to do that: automatically or manually to the Google Drive cloud service. Backing up the crypto wallet manually is the best option.
On the default wallet screen, hit the Claim your @herotag tab. This option will help you create the custom name tag later; xPortal will only let you do so after backing up the wallet. Hence, hit the Backup Wallet tab in the pop-up window.
Select between either backing the wallet to the cloud with the Google Drive option or manually.
If you choose the manual option, you will get a 24-word recovery phrase, which you need to dot down and keep securely. The Google Drive option is another simpler option for many users. Hit the Back up to Google Drive tab and specify the name for the backup file.
Tap the Continue button to input the password for the backup.
On the next page, xPortal Wallet will connect to Google Drive and ask you to log into the Google account. When done, specify the validation for xPortal to sign in to your account.
All done; you have successfully backed up the wallet seed phrase.
Benefits of Using xPortal Wallet App
The xPortal mobile app is appealing to a wide range of users for the following reasons:
Accessible Worldwide: The xPortal app is available globally, and users with an authentic phone number can set up a wallet and connect to the MultiversX ecosystem.
Free to Use: You can download the xPortal mobile app through the app store, install and utilize it without incurring the price.
Support MultiversX Ecosystem: xPortal Wallet is part of the encompassing MultiversX ecosystem that consists of a DEX (decentralized exchange), NFT marketplace, finance doorway, project launchpad, metaverse, and social media hub, with more to come.
Intuitive User Interface: xPortal makes it simple to sign up, back up private keys, sell and purchase digital currency, stake, and NFTs, and navigate within a metaverse ecosystem, everything from within the app. The wallet also provides an onramp to convert fiat assets to virtual assets.
Final Thought
xPortal is a virtual wallet app developed by MultiversX Labs to replace the Maiar Application. The wallet is developed to allow the self-custody of digital assets, exchange different cryptos, and support cross-border virtual payments with cleaner settlements. Read the above guide to learn more about the xPortal Wallet.