Xaman — Safe for Your XRP Storage. Jake Claver in this recording: “It's a hot wallet, not a cold wallet.”
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What this recording covers
Claver evaluates the operational security of using the Xaman mobile application to store XRP. He clarifies that Xaman functions as a hot wallet connected to the internet rather than cold storage. A notable security feature highlighted by Claver is the seed phrase setup process. The application generates eight lines of six numbers that users must enter using toggle buttons rather than standard keyboard typing. Claver points out that this design prevents keystroke-logging malware on a mobile device from capturing the recovery phrase. The application also facilitates direct interaction with the ledger, including establishing trustlines. While Claver expresses confidence in the developer and the software architecture, he observes that fees are introduced for larger transactions. He reminds users that operating a connected hot wallet carries inherent exposure to network-level hazards, including unsolicited asset distributions known as dusting attacks, deceptive trustline requests, and external scams.
Where this fits
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