Ctrl Wallet, the ONLY Wallet You Need For the Altcoin Bull Run!

Wallets can make or break the crypto experience for users. A good wallet makes everything easier and smoother. Today’s video is about an all-in-one wallet that’s super useful for any active crypto user.

I’m talking about the Ctrl wallet. I’ve been testing it out and wanted to walk you through everything — from the onboarding to some unique features, and mention a few bugs I spotted along the way. Let’s check it out together!

Ctrl Wallet the Onboarding

First, I’ll start with the onboarding process. But before I do that, I’ll just do a brief recap for people who might have missed our previous coverage of this wallet. So, Ctrl wallet is a multichain, noncustodial crypto wallet that supports over 2,100 blockchains, making it one of the most versatile wallets on the market.

They were formerly known as XDEFI but rebranded to Ctrl because their focus is beyond DeFi. They cater to every part of the crypto market and users of all levels. 

1/ The $XDEFI to $CTRL migration is live!

Migrate your $XDEFI 1:1 to $CTRL.

Migration gas fees on us until Dec 31, 2024.

Migrate at https://t.co/mBaK62Sb1L$CTRL will be integral to Ctrl Wallet powering features like the Gas Tank, swap rebates & benefit from buyback & burn. pic.twitter.com/4AYKLDu9mH

— Ctrl ✜ (fka XDEFI Wallet) (@Ctrl_Wallet) October 17, 2024

They’ve also got a couple of unique features that we like, such as

• Their gas tank allows you to pre-fund gas fees using stablecoins like USDC.
• Multi-ecosystem support
• Easy onboarding.

Now, let’s talk about the wallet. Remember, it’s in the beta testing phase now.

First, the onboarding.

Ctrl keeps it pretty straightforward. You can either create a new wallet or import an existing one. Now, if you’re setting up a new wallet, they offer a few options: 

• you can use a traditional recovery phrase
• or sign in with your social accounts — like Google, Facebook, or X. 

Using social accounts is great for new users since it makes it feel just like signing up for any app. But I get it; crypto pros might lean toward recovery phrases for more control and privacy. Still, it’s nice to have options!

After that, you can name your wallet, which I think is pretty cool. I always want to do that on the go. And then you get the option to use Face ID to log in. The only thing missing? A passcode option — which might feel limiting for those who prefer that over Face ID.

Ctrl Wallet Interface

I found the wallet really easy to navigate. Their homepage isn’t complex like most wallets. Once you decide on creating a new wallet or sticking to your old one, you arrive at the homepage. 

The wallet gives you a little walkthrough of the page, pointing out where all the main features are. You’ve basically got three sections: your portfolio, your wallet, and a tracking area.

Like I said, I like how simple it is. Your portfolio shows all your assets across chains and even gives you performance metrics. The wallet section has everything you own across chains, plus the option to send and receive. And the tracking section lets you follow specific tokens you’re interested in.

Their portfolio tracking feature is a personal favorite. You can easily monitor any token you are interested in. Click on the token, and tap the love icon by the side, and it’ll appear on your tracking page. 

Portfolio and Wallet Overview
In the portfolio section, you see your assets across all chains — depending on your setup. Same with the wallet page, where you can view tokens or NFTs and send or receive assets. I did notice some icon placements that might be confusing for new users. There are three buttons here for sending, swapping, and receiving, but they don’t label these functions clearly. A small tweak here could go a long way for clarity!

Bug Alert

Now, a little heads-up if you’re using Ctrl to receive tokens. When I received 2 USDC via Polygon, it took about 30–50 minutes for it to show up in my portfolio and wallet balance. The activity page showed the transaction immediately, but the balance lagged. A delay like this isn’t cool, especially for users looking to see instant updates. Hopefully, this is something Ctrl will fix in future updates!

We know it will be. After all, that’s what beta testing is for. To find things to improve on in the final release.

The public beta launch of the Ctrl Wallet Extension and Mobile app is coming this weekend

The wait is almost over. If you haven’t signed up for the beta yet…now is the time!https://t.co/cjDTFmpses

— Ctrl ✜ (fka XDEFI Wallet) (@Ctrl_Wallet) November 9, 2024

Supported Chains

If you’re ready to start using your wallet, there’s a banner under your portfolio that takes you straight to the Receive page. Here, you can choose the blockchain network and get your address. Note: if you want to add a new chain, you may need to enable it in settings first. You can use one address for all EVM compatible chains. I’m talking about, 

• BSC
• Polygon
• Arbitrum
• Avalanche
• Fantom
• Gnosis
• Optimism

And it supports Bitcoin, Solana, and Cosmos IBC chains too.

Gas Tank Feature

I already mentioned their gas tank feature. There’s a little icon in the top-right corner of the screen. Tapping it opens up an option to deposit tokens that you can use to cover gas fees, which is pretty handy. 

You can only fill your gas tank using’

• $XDEFI, which will be migrated to $CTRL soon
• $USDC
• $CTRL

The minimum deposit for the tank if you are using USDC is 10 $USDC. So if you’re planning to deposit, make sure you meet the minimum; otherwise, you’ll have to go back and add more funds.

upon release, @Ctrl_Wallet will support more routes by default than any other wallet. with the products now stable, my primary focus is going to optimise further swap and bridging so that you’ll never need to use another interface to trade and move funds. pic.twitter.com/4guD8yQmg2

— Emile | Ctrl (@goitbykojiro) November 9, 2024

Bug Alert

However, I noticed a bug with the gas tank. Even after meeting the deposit minimum, my USDC balance didn’t always appear in the Gas Tank, so I couldn’t complete the transaction. The team is working on this even as we speak.

Activity Tab
The wallet has an activity tab which is super useful. It shows all your transactions, from receiving to sending assets. You can always refer here to see what’s happening in your wallet.

Swap feature

Their swap feature looks cool. With the Ctrl wallet, you can swap between tokens. Their swap page interface is straightforward. You can easily choose a token you want to swap from (while specifying the amount) and a token you want to swap to, just like every other traditional wallet. 

Before confirming your transaction, you get directed to a review page where you see the details of your transaction.  I couldn’t complete my transaction due to the gas tank glitch.

What We Think About Ctrl Wallet

Overall, Ctrl wallet has a lot of great things going for it — easy onboarding, a clean interface, and helpful features like the Gas Tank. So, there are a few areas they could improve, like fixing some of the transaction delays, and working on the functionality. We need pages to load faster. However, it’s a strong wallet, especially for those just starting with crypto.

If you’ve tried Ctrl already, share your experience!

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Ctrl Wallet.

Copyright Altcoin Buzz Pte Ltd.

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