Nov 21•6 min read
Xverse Wallet: Your Gateway To The New Internet
Welcome back, folks; I hope everyone is having a good week so far. To anyone reading this from America, Happy pre-Thanksgiving! I hope you enjoy some well-deserved time off and spend quality time with your loved ones!
Like I have done with the last couple of posts, I’ve turned my attention to Stacks and the Stacks ecosystem because I believe it is an underappreciated, underestimated, undervalued protocol that deserves more attention than it gets right now. I’m doing my part on my slice of digital real estate to spread the word and educate the average person about Stacks.
Today, I wanted to talk about the Xverse Wallet and what makes it one of the premier Web3 wallets available right now. The Xverse wallet came onto the scene in 2022 and has proceeded to make a name for itself in the Stacks ecosystem.
What Makes Xverse Special?
First and foremost, I love the Xverse wallet because it is easy to set up and drop-dead simple to use. Getting started with Xverse Wallet is as simple as jotting down your seed phrase for safekeeping, and you are off to the races. You can literally create a wallet in under 60 seconds.
I think this is a huge plus as more and more people come into Bitcoin and Stacks. There will be a need for a wallet that is easy to use and understand while enabling users to interact with the broader web3 ecosystem built on Stacks.
The Xverse wallet can be found in the Google Play Store, the Apple App Store, the Chrome browser, or any derivate of the Chrome browser such as Brave.
The beauty of it all is that the Xverse Wallet is non-custodial. This is precisely what we should be promoting if we are to make self-custody the default choice of new users instead of the luxury of the well-educated. If the first time someone interacts with Bitcoin and Stacks is in a custodial fashion, the odds of them adopting self-custody options diminish.
People can be lazy and place too much trust in financial institutions to understand that custodians are not on our side; they have their own needs and incentives to respond to. Keeping your funds safe and secure is not high on their priority list, sorry to tell you. Building a culture of self-custody is a must.
So What Can You Do With The Xverse Wallet Anyway?
Now, I’ll step off my soap box and tell you all the cool stuff you can do with this wallet. Well, you can send and receive Bitcoin, obviously, but a nice feature that I believe should be STANDARD is replace by fee or RBF. With increased activity on the network, Bitcoin transaction fees will increase. The last thing we want is for someone new to Bitcoin to send a transaction expecting it to be confirmed in ten minutes and end up languishing in the mempool for hours or days on end.
I would say that I am reasonably well-versed in Bitcoin and have been around for a while and still made this mistake. I sent a 2 sat/VB transaction recently, and guess what? It’s still in the mempool almost a month later! I understand Bitcoin enough to know that this will return to my wallet eventually or go through when fees are low. I mention my ordeal because the wallet I used for this transaction didn’t support RBF, which shocked me that this isn’t a default feature in 2023. So yes, I very much appreciate the fact that Xverse Wallet supports RBF.
Ordinals
The Xverse wallet has native Ordinals support, which is pretty awesome. You can keep your ordinals collection safe AF in the Xverse wallet. I’ve personally inscribed a few of my blog posts to check it out and see how it works. I can happily report that my inscriptions sit safely in my Xverse wallet.
You can view and see for yourself. Ordinals 574091 and 593292 are a few of my blog posts.
Holding your ordinals in your non-custodial wallet is a game changer and unlocks a myriad of new opportunities. Did you know that you can borrow against your Ordinals using Liquidum?
Stacking Stacks
This is one of my favorite features of the Xverse Wallet. If you are familiar with Stacks, you understand that you can lock your STX tokens for two weeks at a time and receive a Bitcoin yield through the proof of transfer consensus mechanism. Before Xverse, I don’t think there was a way to do this in a non-custodial fashion.
Maybe the Leather wallet (formerly Hiro) had this functionality before Xverse, but I’m not sure. From my experience, the only way to Stack STX before Xverse was through an exchange. As a staunchly pro-self-custody person, I certainly was not a fan of this option, so when I saw that Xverse allows you to Stack your STX within your own wallet, I was in.
Stacking on the app is easy as pie. Just enter how much STX you want to lock up, what address you want your BTC rewards to go to, and your golden. All in a non-custodial way; you can’t beat that!
Web 3
This is the most compelling reason to use Xverse, in my opinion, and how I have been able to write about these Stacks dapps in depth. Without wallets like Xverse and Stacks, none of this would have been possible. The Xverse wallet allows you to seamlessly tap into the Web3 world on Stacks, which occurs within the wallet itself. When you tap on the globe tab, you are taken to a web browser where you can interact with your favorite Dapps on Stacks such as
I use these Dapps regularly, and the experience has always been flawless. Xverse knows what it’s doing, and they are delivering a top-notch product. I highly recommend this wallet to all my friends and family looking to get into Bitcoin or Stacks.
I honestly believe Xverse will be a central player in the Bitcoin Web3 space for years to come. Give it a try; you won’t regret it!
Support My Work
If you like what I am doing and would like to support my work, my BTC and STX addresses are listed below! Any amount is greatly appreciated!
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