07 Nov 2018 Simon Briggs
eToro Unveils its Crypto Wallet App
The eToro mobile application is now available both for Android and iOS devices. The blockchain wallet provides its users with an easy-to-understand UI, fast operation, and very high-security features.
Security on the eToro crypto wallet is guaranteed by utilizing a multi-signature transaction algorithm. The algorithm makes sure multiple keys are being deployed for a transaction without the fear of private key loss.
According to eToro’s CEO Yoni Assia, blockchain technology has all the tools to change the way people handle finances.
Fiat to blockchain transfers is yet to come in a massive amount, based on the mass adoption of the new technology. Assia thinks that assets known to men would be tokenized and cryptocurrencies are just the first step of a complete digital blockchain environment.
eToro’s development team has put a great effort into making the user experience as flawless as possible. The wallet launch will be phased in terms of eligible users, country restrictions, and functionality, to solve possible bugs and issues.
For now, eToro wallet users can store Bitcoin (BTC), Ethereum(ETH), Litecoin (LTC), and Bitcoin Cash (BCH). In the near future, the number of cryptocurrencies that users can store in the wallet will be the same as the cryptocurrencies eligible for trading on eToro’s platform.
During the launching phase, the option to transfer cryptocurrencies from eToro’s trading platform to the wallet will be limited to Platinum Club members exclusively (users with more than $25,000 on the platform) and only available for Bitcoin (BTC). As the wallet gathers momentum, more and more functions will be implemented.Bitcoin Ethereum cryptocurrency trading Litecoin Bitcoin Cash Crypto wallet eToro