Infinity Wallet Review
Founded in 2018 by Aaron Bailey and Jordan Walker, Infinity Wallet is registered under the name of Shardax Limited in the United Kingdom, according to Crunchbase. The wallet was launched in 2020. The central theme behind this venture was to introduce a safe and convenient platform by introducing a modern yet simple user interface.
Infinity Wallet is a non-custodial wallet i.e., users have complete control over their private keys. It supports storing of multiple cryptos from different blockchain networks like Ethereum, Binance Smart Chain etc.
The website brands itself as a gateway to decentralized finance that caters to all your needs and thereby enable DeFi adoption on a global scale.
What Coins Does Infinity Wallet Support?
As mentioned above, Infinity Wallet is a multi-chain wallet. It supports many of the major cryptocurrencies as well as ERC20 tokens, BEP20 tokens and Matic tokens. As per their website, the number of supported digital assets is more than 150,000. However, the table of supported coins lists only 39 tokens.
The ten supported chains are Bitcoin, Ethereum, Binance Smart Chain, Binance Chain, XRP, Litecoin, Dogecoin, Polygon, Metrix, and Groestlcoin.
Infinity Wallet uses a native governance token called SHARD. It has a hard cap of 210 million tokens.
Does Infinity Wallet Have Fees?
Infinity Wallet uses the AMM (Automated Market Maker) functionality for transacting in cryptocurrency. It charges a trading fee of 0.40% for trading tokens. Of the total fee of 0.40%, 0.35% is distributed proportionately among liquidity providers and the remaining 0.05% is distributed among SHARD Holders as protocol fees.
Does it store NFTs, Crypto Art, and Collectibles?
Yes. NFT support is one of the key features of Infinity Wallet. Currently, it features an Infinity Card Collection, which is also listed on the NFT Marketplace, OpenSea. The platform is currently developing a cross-chain NFT marketplace. As per the website, this NFT marketplace will facilitate trading and auction of gaming NFTs.
Is Infinity Wallet Easy to Use?
This wallet design was conceptualized keeping in mind the ‘ease of use’ factor. It is intuitive and user-friendly.
On the date of first writing this review (3 January 2022), the wallet was available only in the Desktop version and supported Linux, Windows and Mac platforms. Mobile applications for Android and iOS devices are currently under development and is expected to be launched in the future.
Is Infinity Wallet Anonymous?
Infinity Wallet is anonymous. We could not find any information on the company website which suggests that users have to comply with a KYC (Know-Your-Customer) procedure.
Is Infinity Wallet Safe?
Infinity Wallet uses Top-tier encryption along with a custody-free solution. Users can generate their wallet seed phrases even when offline. They claim to offer users unparalleled security.
Here’s a short intro video on the Infinity Wallet.