USDX Wallet is a cryptocurrency wallet that aims to remove the limits of conventional financial institutions. According to the seller, this platform is trusted by 100,000 users worldwide. The parent company behind this platform is known as Lighthouse Blockchain Technology GmbH.
What is USDX Wallet?
So, let’s begin our USDX Wallet review. This platform promises to make crypto transfers as effortless as sending messages. You can use it for storing only two coins, namely USDX and LHT. It offers high security, instantaneous transactions, and easy P2P payments.
USDX Wallet Summary
|Wallet name||USDX Wallet|
|Wallet’s Type||Partially centralized|
|Supported Coins||USDX, LHT|
|Supported Hardware Wallet||No|
|Charges||No transaction fees|
How does USDX Wallet work?
This platform is compatible with Android and iOS operating systems. Once you are done setting up your wallet, you can start receiving coins. For this, you need to access the platform and select the Receive option. This will open a window where you will see the QR code and the wallet’s address. You have the option of sending either of them to the sender.
The user interface is easy to navigate and clearly displays your recent trades. You can also see your balance and the live value of your holdings.
Features of USDX Wallet
Let’s look at the main features of this platform:
- Instantaneous transactions
This wallet is able to deal with 100,000 orders per second. This is equal to the combined transactions speeds of MasterCard and Visa.
- P2P payments
Within a few seconds, you can transfer funds into someone else’s account using QR code, contact number, or name.
- Stable currency
This platform offers a way to regulate volatility through the USDX stablecoin. This coin has a one-to-one relationship with the USD.
What kind of wallet is USDX Wallet?
This is a hot wallet that needs to be connected to a network in order to function properly. As such, it is an easier target for hackers, compared to cold wallets that are not connected to the internet.
How to send cryptocurrencies using USDX Wallet?
Follow these steps to send crypto using this platform:
- Open the wallet app
- From the dashboard, choose the Send option
- Choose the coin you wish to send
- Enter the recipient’s address or scan their QR code
- Specify the transfer amount
- Verify the details and finalize the operation
What currencies does USDX Wallet accept?
Apart from the USDX stablecoin, this wallet also accepts the LHT coin. It serves as collateral for the former. You can convert it to USDX without paying any fee.
USDX Wallet privacy
The system tracks vital parameters like service events, network activity, memory consumption, and CPU usage. This data is analyzed and aggregated to identify potential issues. There is a digital signature mechanism based on public and private keys. User data is protected via 2-factor authentication.
Does USDX Wallet charge fees?
Individuals carrying out P2P transactions on the platform do not need to pay any fees whatsoever.
Customer support & reviews
The official website does not have a live chat feature and the vendor has not shared the official contact address. If you are in need of help, you need to join the official Telegram group and drop your query.
On the Trustpilot website, there are a few reviews for this platform, but none of them give us a clear idea about the user experience. Some of the reviews seem auto-generated and not related to the product itself.
USDX Wallet pricing
You can download this wallet for free.
USDX Wallet vs competitors
This wallet offers several advantages over its peers in terms of zero transaction fees and fast processing speed. It has advanced security features as well, but the support offered is not up to the mark. Also, it does not support hardware wallets. You cannot register anonymously and only a limited number of coins are supported.
Final thoughtsFinal thoughts
- Only USDX and LHT coins supported
- Multiple layers of security
- Zero fees
- Easy P2P payments
- No dedicated support team
- Only two coins supported