How Does Eidoo Wallet Compare Against Competitors?
Updated: Sep 15, 2021
Eidoo is a multifunctional non-custodial crypto wallet that fits perfectly within the DeFi trend. It enables users to hold Bitcoin, as well as Litecoin, Ethereum, and all ERC-20 tokens out there. It also acts as a DeFi wallet in the sense that it lets you store and manage DeFi tokens as well as implement yield farming strategies.
But how does it compare to other options available right now?
Well, Eidoo is a very unique product thanks to its wide range of services. In fact, referring to it as a crypto wallet doesn’t fully describe its capabilities, as it proposes a whole arsenal of features aimed at DeFi investors. While the wallet is the flagship product, Eidoo represents an entire ecosystem of crypto solutions designed to help individuals and entities store and manage digital assets.
It often happens that a product evolves so rapidly that its name ends up reflecting only a fraction of its functionality. For example, while an iPhone is still a mobile phone, it clearly does more than what mobile phones were intended for decades ago. In a similar fashion, calling Eidoo a crypto wallet won’t give the complete picture of what this ecosystem can offer you. Elsewhere, most of Eidoo’s competitors are crypto wallets with features limited to the storage of private keys. They don’t provide any tools for implementing crypto investment strategies on the app. Some digital wallets provide token swap services at best.
While there are many services promoted as DeFi wallets, they cannot brag about so many features and perks as provided by Eidoo. Here is what you get when registering with us:
Multicurrency wallet – the application is a non-custodial wallet that can be downloaded on your PC or smartphone (Android and iOS). It can safely store your crypto funds, whether it’s about Bitcoin, Ethereum, or ERC-20 tokens. There is no need to hold multiple wallets for every blockchain or token category. Our flagship product has a nice interface that makes crypto transactions look simple, even for beginners. While we pay special attention to the technical side in order to guarantee the safety of your funds, we also care about user experience.
ERC-20 DEX – with the Eidoo crypto wallet, you get access to a built-in decentralized exchange (DEX) for ERC-20 tokens. You can swap tokens instantly at a low cost.
Debit Card – with eidooCARD, your cryptocurrency holdings have more value thanks to more functionality, as you can pay with coins and tokens in stores all over the world or online. The card system automatically converts your cryptocurrency to EUR or GBP. You can even withdraw fiat money with your eidooCARD. And there is more – you can get up to 10% cashback for qualifying purchases.
Integration with PNT – the Eidoo crypto wallet integrates the pNetwork Token (PNT), enabling users to store, stake, and vote in the pNetwork’s DAO. For those unfamiliar, pNetwork is a rapidly expanding blockchain ecosystem revolving around cross-chain bridges powered by so-called pTokens, which facilitate the easy transfer from one blockchain to another.
Eidoo is the most complete and best non-custodial wallet that you can use right now. No other service will provide you with a one-stop solution that can help you store crypto funds safely, spend tokens in stores and convert them to fiat instantly, participate in ICOs and STOs, trade on a nicely designed built-in exchange, and earn passive income by staking and implementing yield farming strategies.
But this is not all!
Eidoo is expected to launch multi-account support, Loopring integration for the eidooCARD, and the virtual IBAN (vIBAN), which will enable users to hold tokenized euro.
Don’t hesitate to contact us to find out more about Eidoo’s features and upcoming upgrades!