Top 6 Reasons to Download the Eidoo Wallet Right Now
Updated: Sep 15, 2021
With so many crypto wallets available right now, one is always in doubt as to which one to choose.
Actually, the answer couldn't be simpler. Naturally, it’s the one that has all the features you want and is the easiest to use.
Making the right decision is important because, in the end, it is you and your money that will suffer the consequences should anything unforeseen happen to your finances.
As it happens, Eidoo offers a non-custodial wallet solution that brings together largely wanted DeFi features in an easy-to-use manner, making it one of the most complete wallets for any type of crypto user.
Let’s take a look at what those features are and why you should download the Eidoo wallet.
One can never be completely sure what the next big thing in crypto is going to be. However, here at Eidoo, we aim to stay ahead of the curve.
Therefore, right now, there are more than 1,000 tokens and coins available through the app including Bitcoin, Ethereum, Litecoin, stablecoins (USDC, TUSD, PAX), and a myriad of Ethereum tokens (MKR, UNI, SNX, LINK, AAVE, BAT, REP, OMG, QBIT, GNT, BNT, just to name a few).
As you can see, Eidoo digital wallet gives you the opportunity to invest in a wide variety of digital assets.
Designed for Easy Use
How many times have you complained about unnecessarily convoluted communications from your bank? You get a letter offering you a new credit card and you feel like you are being sued?
Now that you have the opportunity to get out of that vicious cycle, don’t make the same mistake by using applications that seem to enjoy torturing you.
Sometimes, more than the look, it is about how the information is presented. At Eidoo we've taken great care to make the user experience as simple and pleasant as possible while still offering a lot of bang for your buck in a complete crypto asset management platform.
So, not only is the wallet interface easy to understand and use, but it is also available for several systems:
Different Blockchains in One Place
Even today, when we are experiencing solid industry development, many crypto wallet applications, be them custodial or non-custodial wallets, are limited to one type of blockchain, so you need different wallets to be able to use different assets.
With Eidoo, everything is integrated to provide a more complete user experience through a very neat interface without having to control several wallets at the same time.
Despite being just one digital wallet app, with Eidoo, you can access assets from different blockchains. As a crypto user, you are more interested in giving your money the freedom to move across the DeFi plane, than being constrained in one compatible blockchain. Be that Bitcoin, Ethereum, BSC (Binance Smart Chain), polygon, or ERC-20 tokens, you should be able to focus on investing and not technical requirements. This statement is particularly true in the case of pTokens which are an integral part of the wallet.
You need a complete crypto asset management platform to manage them all.
The Eidoo wallet not only secures your crypto funds but also allows you to invest them in a decentralized way within the application itself. This ensures that your money is not at risk in a single-point-of-failure infrastructure.
In addition to the wide variety of assets that Eidoo offers to invest in, the wallet is on a decentralized platform. This feature adds an extra layer of security compared to other types of centralized exchanges where the control of your funds is not really up to you.
Your assets with the Eidoo wallet can be working for you. The ability to easily invest in crypto yield farming or lending initiatives saves you the complexity of having to move funds between multiple platforms just to put them where you want them. It is a convenient solution to have more control over what your money is up to and quickly modify your investment strategies.
In the lending department, Eidoo wallet has partnered with Maker, Compound, Aave, Bancor, Kyber Network, Balancer, WBTC, pieDAO, and Blocknative to offer an abundance of initiatives.
Secured Non-Custodial Wallet
As the Eidoo wallet is non-custodial, we don’t have access to your private keys and funds, nor do we provide it to other third-party entities. This feature eliminates a particularly weak point present in other — custodial — wallets.
No one will take better care of the security of your money than you. As ye olde crypto-saying goes: Your private key, your money. This only happens in a non-custodial wallet where you are truly solely in possession of the private keys.
The biggest problem with the platforms that keep your keys is that they invariably become a very tempting target for hackers. The accumulation of valuable information attracts them like a moth to a flame and intrusions are constantly occurring in all sectors (over-confident private companies, official institutions, distribution facilities...).
With Eidoo, this is a non-issue.
Debit VISA Card and Fast Fiat Convertibility
The Eidoo wallet allows you to use your crypto in your daily life thanks to eidooCARD. This VISA-backed debit card has the same features you would expect from other debit cards but with the addition of interesting crypto card benefits.
The most immediate benefit is choice.
eidooCARD is linked to the non-custodial wallet Eidoo wallet providing a supreme level of crypto-asset safety.
It is the only crypto card that relies on layer 2 infrastructure providing faster and cheaper transactions than any other crypto card.
By using eidooCARD on qualifying purchases you are entitled to earn crypto cashback in PNT. Depending on the card type, you may get the following cashback:
Basic eidooCARD: 1% crypto cashback (with no stake)
Basic+: 4% crypto cashback (with 3,000 PNT staked)
VIP eidooCARD: 8% crypto cashback (with 10,000 PNT staked)
VIP+: 12% crypto cashback (with 25,000 PNT staked)
Black eidooCARD: 16% crypto cashback (with 200,000 PNT staked).
Therefore, it is a better way of managing temporary risks while keeping up with your fiat life.
Moreover, we have integrated Instant SEPA transfers in our wallet so that our users will not have to wait days to switch between crypto and fiat anymore.
So, here are the six reasons you should get yourself the Eidoo wallet app.
Are you convinced yet? Are you downloading?