XcelPay Wallet is a multi-coin wallet introduced by Xcellab which will allow you to store, send, receive and exchange different cryptocurrencies with a single wallet account.
XcelPay Wallet is a decentralized crypto wallet which supports several cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, XDC, Tether, Chainlink Token, BAT. As well as Xcellab’s native cryptocurrencies: XcelToken Plus (XLAB) and XcelDefi.
With XcelPay Wallet, users can send their crypto funds anywhere they are supported. In principle, a small fee will always be required in one form of gas fee before transactions can be processed by the wallet. This fee is known as Gas fee.
What are Gas fees? Simply put, Gas fees are network fees. As ERC-20 Tokens reside on Ethereum networks, these networks require a certain amount of Ethereum to process the transaction over the network. The Gas fee is not collected by XcelPay Wallet, instead goes to miners or validators presiding over the network.
At XcelPay Wallet, the amount which will be deducted as gas fee will be automatically calculated.
To send cryptocurrency using XcelPay Wallet. Follow these simple steps!
Step 1: Go to the home screen of the wallet and Tap on Send
Step 2 : Choose the coin that you wish to send to another party.
Step 3: Enter the receiver’s cryptocurrency address. You can do this manually or Select an address to send the crypto to using the Address Book feature in XcelPay Wallet.
Step 4: Now Enter the amount in particular coin that you want to send. For instance if you want to send 2 Bitcoins you will be able to see how much the coin is worth in Fiat.
At XcelPay Wallet users can measure the conversion value of cryptocurrency with fiat in several currency denominations.
The blockchain wallet allows its users to set default currency to currency that is most suitable or convenient to the users.
From Dollar, Euro, Pound Sterling, South Korean Won, Yuan, Yen, to Turkish Lira, INR and Bangladeshi Taka. Users can choose from over 22 default currency options to discover the worth of cryptos against a particular fiat.
Step 5: Users can then choose from Gas Price Option (Standard or Fast). The speed and rate of gas fee depends on the option the user has opted for. Users can choose the Fast gas fee option for the quick transaction.
Step 6: Finally, click on Next. Your transaction will be processed after you confirm the payment.
Step 7: After the transaction is processed it will broadcasted on your screen. You will also receive detailed breakdown of your transaction.
Download XcelPay Wallet in your android or iOs device.