XUMM Wallet | Download XUMM XRP Wallet - Official Webite
Xumm is a self-custodial mobile wallet developed particularly for XRPL and XRP. Designed by XRPL Labs, the wallet has accumulated an increasing user base because of its distinctive features, services, and commitment to safety. Xumm covers the way for users and developers to connect to the XRP ledger third-party tools and confirms the safety of its user's keys.
Also, Xumm Wallet removes barriers that remain between users and the assets. Xumm also provides lots of advantages, like loyal points, micropayments, and a simple webshop checkout flow. Created by the XRP labs, the app is reliable and provides users with an array of features to confirm their digital assets are safe.
How is Xumm Wallet Different from Others?
Below are the significant features that Xumm XRP Wallet provides to its users.
Non-Custodial
Xumm is a non-custodial virtual currency wallet that provides users full control of their keys and assets. Being a non-custodial wallet, Xumm removes the barriers between users and assets. Users can unlock the Xumm Wallet app with their fingerprint or face ID (a passcode bio-metrics), and the user has complete control.
However, it's important to remember that you will need to keep their keys and the wallet safe. In case you lose the wallet, forget the password, damage the wallet, and have not taken the safety precautions to be able to create the wallet, you can lose the assets.
Support Multiple Accounts
Xumm is the most reliable digital wallet and allows adding several accounts. Multiple accounts support is one of the top cryptocurrency wallet features for enhancing safety via diversifying assets in various wallets. Users can also set up accounts in the same wallet for various activities, like cryptocurrency trading, NFT (non-fungible token) trading, and DeFi (decentralized finance) investment.
Xumm provides users the capacity to create XRP Ledger accounts and permits users to import their existing accounts. Users can handle the accounts with the wallet, which assists them in navigating via the XRP Ledger without compromising the safety of the assets.
Supported Tokens
Xumm is an XRP Ledger wallet that supports XRP and over 8300 tokens issued on the XRPL. The tokens include ETH, BTC, FLR, SGB, and much more. This allows users to create a token on the XRP Ledger because Xumm Wallet has an xApp known as Token Creator, and the tokens aren't the same as the in-built tokens on the respective blockchains. Also, the wallet doesn't support the blockchain, as its key focus is the XRPL ecosystem.
Third-Party Tools and Apps
The wallet lets users interact with apps and tools developed by other developers via XUMM. This option enables the users to have third-party developers, unleashing more XRP ledger features.
Support Mobile App
Xumm is accessible for iOS and Android, making it available for many uses. Users can download the Xumm app via the App Store or the Google Store and begin managing the XRP on the go.
How to Set Up Xumm Wallet
Read through the step-by-step process below to create a new wallet account.
First of all, you should download the Xumm Wallet app via the App Store or Google Play.
Then, set up a six-digit passcode. You will require this password each time you sign transactions. Also, you can sign the transactions utilizing biometrics like Face ID.
Next, go through and accept the terms of service.
You can now set up an account by hitting the Add Account tab and selecting the Create a New Account option.
After this, you must note down the secret key numbers. Ensure you keep this key in a secure location.
You have successfully created the account. Now, to activate the account, you must first add ten XRP to it. Then, you can send the XRP to a new account through an account on the DEX.
That's all; you can now begin transactions on the XRPL utilizing the Xumm Wallet.
Note: You can't use the ten XRP reserves in transactions; it will remain in the account until you need to close the account. XRP has executed this as a safety mechanism to secure the shared global ledger from increasing excessively as a result of malicious usage.
Is Xumm Wallet Safe?
Safety is the foremost priority for Xumm Wallet, and it takes various measures to confirm the security of the user's digital assets. Per the safety comparison, Xumm utilizes encryption and safe storage methods like those utilized in hardware wallets. Xumm provides biometric verification features like facial recognition and fingerprint to further improve safety and ease of use. These safety measures make accessing the wallet rapidly and safely, adding an additional layer of safety to their assets.
Also, the wallet has implemented Xumm Tangem cards that allow users to hold their keys on ledger wallets in a convenient care they carry with them, which sustains self-custody and full control.
Final Verdict
Xumm Wallet is a compelling option for crypto enthusiasts seeking to handle their XRP assets effectively. Its easy-to-use interface, advanced safety features, community engagement, and XRPL integration make the wallet the best contender in the digital currency wallet space. Like the other crypto wallets, it's important to exercise caution and follow top safety practices to secure their assets. With the best precautions in place, Xumm Wallet offers a secure and convenient method to navigate the world of XRPL and XRP.