12 Aug 2021 Anthony Lehrman
Storing Cryptocurrencies With CryptX – Fast, Reliable, And Cost-Effective
The world of cryptocurrencies experienced a massive popularity boost in the past five years, bringing blockchain-based cryptocurrencies to the mainstream. However, the popularity boost created several bottlenecks for the further development of the crypto sector – one of them being the increase in transaction costs, making small-scale transactions practically unviable. The other problem was the alarming amount of hacker attacks.
Many users decided to go from exchange-based to customer-based crypto custody, as recent data shows. This brings the need for a state-of-the-art crypto wallet with advanced functionalities.
This is where CryptX Wallet steps in.
The team at CryptX made the Wallet a companion to the Cryptal exchange and the Terminal portfolio management platform. They work together seamlessly to create an all-in-one crypto experience for both beginners and seasonal crypto holders and traders.
CryptX Wallet adds support for over 100 cryptocurrencies, with new ones coming soon. To bring security levels up, the CryptX team decided to store all supported assets and private keys in Hardware Security Module, or HSM devices. Those devices can be easily accessed via secure APIs using Two-Factor Authentication.
Furthermore, the CryptX digital currency wallet functionality integrates seamlessly with any application, so crypto-oriented individuals and enterprises can harness the tremendous power of API. The CryptX Auto Swap functionality does the exchange of your cryptos inside your wallet to Tether (USDT), completely removing exchange rate risks and volatility, which are still present.
CryptX also offers a range of fee-lowering tools, such as SegWit, transaction batching, and other fee management tools to protect you from unnecessary expenses.
Registration for the wallet is streamlined – it only takes a minute to register, verify your email and start using CryptX Wallet’s full potential. You don't have to provide an ID for verification.
How to register on CryptX Wallet
- Go to cryptx.com/wallet and click on the “Get Started” button.
- Enter your credentials, your e-mail address, and a password. Be sure that the password is secure.
- Click on the “Sign Up” button to complete your registration. The final step is to verify your e-mail address with the link sent to you and you are good to go.
The heart of the wallet, except holding cryptocurrencies, is the API integration. APIs allow businesses at all scales to implement the CryptX wallet directly into their businesses. For example, if you are a crypto ATM service provider, you can easily integrate CryptX wallet and grant your customers all of the benefits of CryptX.
After you log in, you will be prompted to create your first wallet. You can choose between Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin SV (BSV), Bitcoin Gold (BTG), and Zchash (ZEC) as your primary wallet. You can choose to add a custom passphrase to your wallet, making it almost immutable to hacker attacks.
After you create your wallet, you can use all of CryptX Wallet’s functionalities. One of them is crypto swapping. Crypto swapping is as easy as setting two addresses – one to send and one to receive your cryptos. Choose the number of coins you want to swap (All, Half, or Min.), or enter your own amount manually, in order to conduct crypto swapping. Then, you simply need to press the “Swap” button and confirm it after you have read the transaction summary. That’s it. Really.
The dashboard is streamlined and simplified for a better user experience in the browser-based application.
The Wallet app also lets you set up a multi-Ethereum wallet address, in order to swap Ethereum-based ERC-20 coins. However, you need to allocate a minimum of 0.05 ETH in order to maintain a trouble-free operation.
The security aspects of the wallet are further enhanced with the introduction of wallet freezing and address whitelisting, ensuring full control over the wallet.
There is a single fee for operating the CryptX wallet and that’s the 0.2% on transactions. Depositing is free, while transaction fees may vary, according to the number of cryptos you send.
The world of cryptocurrencies has spawned a lot of projects, each one of them unique in its way, but no wallet app has the API-enabled functionalities as the CryptX wallet. The fast, secure, and transparent way of operating ensures you get the best possible service in the realm of wallet applications.
Furthermore, business entities can easily integrate the CryptX Wallet into their e-commerce businesses. Exchange owners can use the CryptX wallet as a go-to solution for their clients, rather than creating a custom tool, which can cost a fortune.
Crypto ATM networks need several different wallets, which complicates daily operations, but with the multi-wallet capabilities of CryptX, you can maintain liquidity while mitigating volatility issues.Tether Crypto wallet wallet cryptocurrencies digital USDT