A non-custodial crypto wallet : XcelPay Wallet

Innovation comes in stages, but many fail to acknowledge acceleration with which we are innovating in the area of decentralization and blockchain.

It has been little over a decade since Bitcoin was introduced and the world of Defi came into being. In a much shorter span we now have infrastructure to exchange, trade and store cryptocurrency.

Wallets are essential in order to send/receive cryptocurrency. Some users/traders may allow exchanges to transact on the behalf of users; such exchanges have access and responsibility to users’ wallets and security keys. Namely, Binance and Coinbase are prime examples of being custodial exchanges.

But, sometimes, users may opt for custodial wallets. Why? Simply to have full control over users’ own funds and privacy. Non-custodial wallet apps like XcelPay Wallet allow users to instantly create crypto wallets and send and receive tokens to and from other wallets with the aid of sharing cryptocurrency addresses.

By using non-custodial wallets like XcelPay Wallet users can maintain full anonymity and control over their funds.

When signing-up to create a cryptocurrency account in XcelPay Wallet, users do not have to go through the KYC process. Nor do they have to register using an email address or mobile phone number. So, inherently, as long as users do not disclose and associate their identity to their wallets, they are able to maintain full anonymity.

Secondly, decentralised non-custodial wallets reduce third-party risk to a greater extent! As no other party has access to user’s private keys and coins, users have full-control over their fund. Centralized exchanges also hold access to large amounts of funds, so they are more vulnerable to malicious attacks. Having full-control over funds also means that even if any company (exchange) goes down, the user’s fund will remain unhinged.

To reap the benefit of using non-custodial wallet, download XcelPay Wallet on your android and iOS devices. XcelPay Wallet is a multi-coin , decentralized cryptocurrency wallet that supports both ERC-20 and BEP-20 Tokens. Download the app today!