Why Eidoo is the best ERC20 wallet

Eidoo is the best ERC20 wallet in the market

Are you looking for an ERC20 wallet to store all tokens based on the Ethereum blockchain? Well, you are in the right place.

Ethereum tokens are very popular right now because they are the most common way for ICOs to raise funds for their projects.

In fact, token sales usually release tokens based on Ethereum, and so on the well known ERC20 standard. So, if you have joined ICOs or bought Ethereum tokens on exchanges, you are looking for an ERC20 wallet for sure.

Why you should use an ERC20 wallet

When you buy any cryptocurrencies or tokens from an exchange, you always need to move your funds into a wallet because it is a safer platform.

This is the first rule of using digital currencies: NEVER LEAVE YOUR CRYPTOs on EXCHANGES.

There are two main reasons why you don’t have to do that:

1. You don’t own the private keys of your exchange;
2. The vast majority is not regulated or insured.

This is why wallet exists, and Eidoo provides you your private keys and also meets all the needed regulations related to the crypto/financial industry.

Why Eidoo is the best ERC20 wallet

So, why should you consider downloading the Eidoo wallet app?

• First of all, Eidoo is a Hierarchical Deterministic (HD) wallet to store Ethereum and all ERC0 tokens on mobile through a light client architecture.

It is currently available for both iOS and Android.

We decided to create the mobile app first, as the mobile world is very active and it keeps growing, but the desktop version will be developed shortly.

• Eidoo provides you with your private keys. When you first login into your wallet, the system gives you a 12-word set to restore your wallet anytime in case you lose your smartphone. Please remember to write it down and store it in a safe place;
• We are not a custodian kind of wallet. This means that if you lose both your password and your 12–word set we cannot do anything for you. This is a security standard for wallets and it increases your privacy because the company — Eidoo — will never see your sensitive data.

Eidoo recognizes all tokens automatically

Another essential feature of Eidoo is that the system identifies all tokens automatically, so you don’t need to configure each wallet.

This improves the ease with which you can use your funds. Eidoo provides you with a single address that fits both for Ethereum and all ERC20 and ERC223 tokens.

This is a fundamental tool when you want to facilitate users interaction with digital currencies. We work very hard to create the most user-friendly platform on the market, so that even your grandma can start using cryptocurrencies.

But this is just the beginning….

In fact, Eidoo will also integrate more digital currencies, including Bitcoin, Litecoin, ZCash, and more, as you can read on our official roadmap here.

Exchange, ICO Engine, marketplace, and counting

Shortly, following the above roadmap, Eidoo is going to integrate more tools into the app.

Below you can find a list of all the tools we are going to provide you in one or two years:

• Ethereum, ERC20, and ERC223 wallet (already available);
• ICO Engine to join token sales (already available);
• Bitcoin, Litecoin, ZCash wallet, and more;
• Conversion of digital currencies thanks to a decentralized exchange;
• Spend your cryptos through a decentralized marketplace where you can use dapps,
• Do shopping with an Eidoo-branded debit card (compatible with all the shops that accept VISA).

Also, we want to follow the market, so those are just the first steps of tools we plan to integrate, but maybe the list will grow.