How to manage Custom Assets on XDB Wallet

As the world of cryptocurrency continues to evolve, the need for secure and efficient wallet solutions becomes increasingly paramount. XDB Wallet, provided by XDB CHAIN, offers users a comprehensive platform for managing their digital assets, such as XDB coins and Branded tokens (aka BCOs) minted on the XDB CHAIN. However, there are essential requirements and considerations users must understand to fully utilize the wallet’s capabilities. In this article, we’ll explore the account activation process, the addition of custom tokens, and the intricacies of making payments and transfers within the XDB Wallet ecosystem.

Account Activation:

Activating an account on XDB Wallet is the first step towards harnessing its features and functionalities. Unlike traditional banking systems, cryptocurrency wallets often have specific requirements for account activation on the Network. With XDB Wallet, users must store a minimum of 20 XDB in their account to have it activated. This is an anti-flooding mechanism to protect network integrity and performance

Custom Asset handling:

One of the standout features of XDB Wallet is its support for custom tokens, enabling users to selectively manage a diverse array of digital assets and keep full control. However, adding custom tokens requires adherence to certain guidelines. For each custom token added to XDB Wallet, users must allocate a minimum of 10 XDB tokens which will be kept locked on the account 

This means users need to have a balance of at least 30 XDB plus trx fee of 0.00001 XDB to hold one custom asset like CBPAY, HONEY or SBX

Find here the comprehensive guide about how to add new tokens on XDB Wallet

Transaction Requirements:

When it comes to making payments or transfers within XDB Wallet, users must be aware of specific transaction requirements. To initiate a payment or transfer, users must ensure that their wallet balance exceeds 20XDB tokens. This ensures that users maintain a minimum balance in their account, contributing to the overall stability of the ecosystem. Additionally, users can only transfer their balance minus 20XDB tokens and a transaction fee of 0.00001 XDB.

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