Self-custodial Bitcoin wallet launched in 2021, backed by an undisclosed strategic round
Xverse is a self-custodial wallet and onchain financial platform focused on Bitcoin and Bitcoin Layer 2 activity. It supports Bitcoin, Stacks, Starknet and Spark, and reports nearly 2,000,000 users as of October 2026. The wallet is operated by Secret Key Labs Limited.
Ken Liao is CEO and co-founder. His professional background is in Bitcoin infrastructure and financial sovereignty, with a focus on Bitcoin’s technical foundations, protocol upgrades and engineering decisions. Xverse launched in 2021. On October 5, 2026, Draper Associates led a strategic funding round joined by Trust Machines and Draper Dragon; the terms were undisclosed.
The wallet is self-custodial, so the user controls the keys and authorizes transactions. It is available on iOS, Android and Chrome. Supported activity includes Bitcoin, Stacks, Starknet and Spark assets, alongside Ordinals, Runes, stablecoins and Bitcoin-related DeFi. Xverse also offers swaps through third-party liquidity providers, Earn products, borrowing against Bitcoin, and Cash features for sending and receiving money.
Ledger and Keystone hardware wallets can connect to Xverse. Transactions signed through those devices keep the keys on the hardware wallet. Xverse’s mobile products also include perpetuals trading, with markets and leverage terms varying by product and availability.
Xverse is free to download and use. Onchain transactions incur standard network fees. STX-to-BTC swaps can include estimated network fees, a liquidity-provider fee and an Xverse swap fee; the full breakdown appears before confirmation. Fiat transfers are advertised with near-zero fees and no spread. The wallet does not require identity verification. Fiat onramps and card providers may set their own requirements.
The site reports more than 2,000,000 downloads as of October 2026. Least Authority regularly audits Xverse code. On June 7, 2023, Xverse disclosed a Chrome extension issue that could leave seed phrases unencrypted on local devices under certain conditions. The issue affected extension users and did not affect iOS or Android users; it was fixed in version 0.11.5. Xverse stated that no funds were lost and no hacks or exploits were reported.
Self-custody leaves seed-phrase loss and phishing risks with the wallet holder. Swaps add liquidity-provider and Xverse fees to network costs. Earn and Borrow expose users to the relevant protocols and collateral conditions. The Chrome extension also has the security risks common to browser wallets.
Builder focused on Bitcoin infrastructure and financial sovereignty who writes about Bitcoin's technical foundations, protocol upgrades and engineering decisions.
Xverse combines self-custody with Bitcoin-focused financial tools, but its 2023 extension incident and narrower chain coverage remain material trade-offs.
It supports Bitcoin, Stacks, Starknet and Spark, and is available on iOS, Android and Chrome.
Xverse includes swaps, Bitcoin-aligned earning products, borrowing against BTC, stablecoin payments and fiat transfer features. Xverse Cash handles sending and receiving money, while Xverse Borrow provides liquidity without transferring custody of the underlying Bitcoin. Swap fees can include network costs, a liquidity provider fee and an Xverse fee, with the breakdown shown before confirmation. Yield rates are variable and not guaranteed, so these tools add protocol and market risk beyond ordinary wallet use.
The wallet is self-custodial, supports Ledger and Keystone, and says its code is audited by Least Authority. A Chrome extension issue disclosed on June 7, 2023 could leave seed phrases unencrypted on local devices under certain conditions. It affected extension users, not the mobile apps, and was mitigated in version 0.11.5 and later. Seed-phrase loss and phishing remain standard self-custody risks.
Xverse launched in 2021 and is run by CEO and co-founder Ken Liao. The company reported nearly 2,000,000 users and closed a strategic funding round led by Draper Associates on October 5, 2026, with Trust Machines and Draper Dragon participating.
| KYC required ⓘ | No · unverified |
|---|---|
| Wallet type | Mobile, Browser extension · unverified |
| Custody | Self-custodial |
| Chains | Bitcoin, Other |
| Platforms | iOS, Android, Chrome |
| Open source | Yes · unverified |
| Hardware wallet support | Yes · unverified |
| In-app swaps | Yes · unverified |
| Staking | Yes · unverified |
| NFT support | Yes · unverified |
| Buy crypto in app | Yes · unverified |
| Security features | Self-custody, Seed phrase encryption, Hardware wallet support, Independent audits · unverified |
| Perpetuals trading | Yes · unverified |
Not disclosed by the provider: WalletConnect, Recovery without a seed phrase, Passkey login, Multisig, Built-in dApp browser, Swap fee.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Supports Bitcoin, Stacks, Starknet and Spark, with activity across Ordinals, Runes and related Bitcoin assets.
Users control the keys and authorize transactions directly, without an account custody layer.
Connects Ledger and Keystone devices, with transactions signed on the hardware wallet.
STX-to-BTC swaps use third-party liquidity providers, with network, liquidity-provider and Xverse fees shown before confirmation.
Xverse Borrow provides access to liquidity against Bitcoin while the wallet remains self-custodial.
Xverse Earn offers yield features on cash and Bitcoin-aligned protocols; rates are variable and not guaranteed.
Xverse Cash supports sending and receiving money, bill payments and global transfers, with fiat transfers advertised as near-zero fee.
The mobile app supports perpetuals markets, including crypto, stocks and commodities, with leverage terms varying by market.
The core self-custodial wallet holds Bitcoin, Bitcoin Layer 2 assets and related onchain assets. It is available through iOS, Android and a Chrome browser extension.
Xverse Swap lets users exchange assets including STX and BTC through third-party liquidity providers. The swap total can include network fees, a liquidity provider fee and an Xverse fee.
Xverse Earn provides onchain earning features, including yield on cash and Bitcoin-aligned protocols. Rates are variable and are not guaranteed.
Xverse Borrow lets users access liquidity against Bitcoin while keeping self-custody of their assets. Borrowing adds the risks of the underlying onchain lending arrangement.
Xverse Cash provides fiat and onchain payment functions for sending and receiving money, paying bills and moving funds globally.
Xverse Mobile offers perpetuals trading powered by Hyperliquid, with markets covering crypto, stocks, commodities and forex. The product supports leverage up to 50x, which adds liquidation risk.
Agent Wallet gives an AI agent its own Bitcoin account for Lightning payments and activity across Starknet, Spark, Stacks and Runes, with gains swept back to a Bitcoin vault.
The feedback is mostly complaint-driven, with repeated reports of Rune balances disappearing during Bitcoin transfers. Other isolated complaints involve unstaking withdrawals, missing Bitcoin, and wallet access errors, while no specific positive theme is raised by multiple authors.
“Help Needed: 2.5M DOG Runes Disappeared After Bitcoin Transaction I need help, please!! I had **2,500,000 DOG (Runes)** in my Xverse wallet, valued at approximately **US$2,000**. Xverse and Binance Wallet were connected to the same wallet.”
“Anyone help with unstaking issue? I converted BTC to WBTC and did native staking on the Xverse wallet. But after requesting unstaking I’m unable to withdraw its show withdrawal ready but when I try there’s nothing there?”
“Lost bitcoin in my xverse wallet Hi everyone. I've sent bitcoin to my xverse wallet today. I then wanted to use that bitcoin to buy (swap for) runes. Something that sounds so simple, but apparently isn't. I couldn't use the bitcoin, it apparently was on a wrong address.”
“Error occured Im getting an error occurred message when I try to open my xverse wallet and ask me to restart it. Does anyone else got this issue?”
Scam warning: Users report scam messages and an Instagram-based fraud-recovery contact claiming to help recover losses.
Based on 35 Reddit posts and comments from the last 12 months, checked Oct 18, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
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Ken Liao is Xverse's CEO and co-founder. He has a background in Bitcoin infrastructure and financial sovereignty, and Secret Key Labs Limited operates the platform.
Xverse is free to download and use, with standard network fees applying to onchain transactions. STX to BTC swaps can also include a liquidity provider fee and an Xverse swap fee, with the full breakdown shown before confirmation.
No, the Xverse wallet does not require identity verification. Fiat onramps and card providers may set separate requirements.
Xverse is self-custodial, supports Ledger and Keystone, and says its code is audited by Least Authority. A Chrome extension issue disclosed in 2023 could store seed phrases unencrypted under certain conditions and was mitigated in version 0.11.5 and later.
Xverse supports Bitcoin, Stacks, Starknet and Spark. Its wallet also focuses on Bitcoin assets and activity such as Ordinals and Runes.
Yes. Xverse supports Ledger and Keystone, with transactions signed on the connected hardware device.
Recent public posts from @xverse, shown as published. Not reviewed or endorsed by CryptoReview.
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