StealthEX swaps now live inside ONTO Wallet

New Exchange Capabilities in ONTO Wallet

, ONTO Wallet, a decentralized, self-custodial multi-chain wallet, has incorporated StealthEX, an instant non-custodial cryptocurrency exchange.

This addition allows users to trade more than 2,000 cryptocurrencies and tokens directly from within the wallet interface.

The partnership brings the exchange technology of StealthEX into the existing framework of ONTO Wallet, which manages assets across various blockchains.

This feature expands the utility of ONTO Wallet, allowing users to handle trading alongside their existing decentralized application and identity management tools.

How the Integration Works

, StealthEX functions by connecting to multiple liquidity providers to locate available rates for supported trading pairs.

The process allows users to select assets, input an amount, and provide a receiving address to complete the transfer.

Swaps are executed directly from wallet to wallet, as StealthEX does not take custody of user funds or store private keys on its platform.

This non-custodial architecture means users maintain control over their assets before and after every trade.

Financial and Practical Benefits

, A primary financial benefit noted is the low exchange fee, set at $0.4 for swaps conducted through ONTO Wallet.

This fee is separate from network fees, which are determined by the blockchain, and the exchange rates, which depend on the chosen pair.

The integration simplifies the user experience by eliminating the need to visit external exchange websites or create new accounts for swapping.

For users holding assets across several networks, having trading tools adjacent to their holdings eases portfolio rebalancing and token acquisition.

Limitations and Considerations

, Availability of specific assets or trading pairs is contingent upon several factors, including the supported networks, available liquidity, and minimum exchange amounts for each pair.

Users are advised to check the available assets and networks within the exchange interface before initiating any swap.

The project teams stated that the $0.4 fee is competitive within the non-custodial exchange market.