• Team Eidoo

We do Eidoo. It's easy peasy. How to use your wallet

Updated: Mar 11, 2021

Eidoo’s ethos is simplicity for its users.

Cryptocurrency and blockchain can be overwhelming and confusing to a newcomer. We intend to make processes as streamlined as possible so that there is greater adoption and acceptance of crypto.

So, every development we undertake is to ensure that our users can easily navigate and utilize the tools we put in place in the Eidoo ecosystem.

For this article, we will assume you have done your research on blockchain and crypto. If not, here is an article that will assist you in unpacking everything you need to know about different crypto wallets and managing your crypto wallet keys.

As for Eidoo, we want to make complex issues such as crypto wallet withdrawals easy peasy.

Read on!

1. Use our simple fiat on and off-ramp.

We have simple fiat on-ramp and off-ramp tools that get your fiat into the system with an instant SEPA transaction, so you are ready to trade in moments. When you are ready, you can cash out with a crypto withdrawal.

2. One place to manage multiple currencies

To take advantage of the Eidoo wallet’s versatility, simply download the CryptoWallet App for iOS and Android for mobile, and we have a desktop app too.

Access all your digital assets across multiple devices.

With the Eidoo wallet, you can quickly and securely manage your digital assets, from Bitcoin and Litecoin to any Ethereum tokens. The Eidoo wallet allows you to manage multiple currencies, all in one place.

There is no need to manage digital assets across multiple locations.

In the Eidoo app — where your wallet resides — you can check your balance and latest prices with our custom-designed user interface.

3. Connect your wallet to DApps

With Eidoo WalletConnect integration, you can connect decentralized applications (DApps) to mobile wallets with QR code scanning or deep linking. A user can interact securely with any DApp from their mobile phone.

4. A few clicks away from an array of DeFi services

Eidoo is bringing the DEFI ecosystem to life as an alternative to the traditional financial market. With the Eidoo app and wallet, an entirely new world is opened up. Any Eidoo user can access DeFi services like interest-bearing tokens, lending and a DeFI exchange.

5. Spending your crypto has never been easier with the eidooCARD

DeFi with Eidoo empowers you to use cryptocurrency in everyday life.

By linking your Eidoo wallet to the new EidooCARD — a Visa debit card, there are so many more opportunities to spend, and trade among traditional financial communities, institutions, and retailers.

6. Be part of the NFT collectibles craze!

With the wallet, you can enter the exciting world of Non-Fungible Tokens (NFT) investment, another trending DeFi service. The Eidoo NFT asset manager gives you a dashboard to track your assets and connects you to all the latest and diverse NFT’s available. For more on NFT’s, check out our previous blog post.

7. Take advantage of tailored investment strategies

Once you have on-ramped your fiat, conducted a few exchanges, invested in a couple of NFT CryptoKitties, then you may want to try yield farming. You can earn rewards with yield farming depending on how much liquidity you are likely to provide by staking your token.

With Eidoo, it is easy-peasy to start your crypto journey.

The Eidoo ecosystem permits newbies and more mature crypto users to access the world of crypto and beyond. Access to the opportunities afforded by DeFi is literally at your fingertips. Get started in a secure environment that lets you learn and earn at your own pace.

For more information, visit our FAQ’s or join our community on Telegram. We are more than happy to answer any questions you have!

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