Review on Eidoo by Inioluwa Okedeji
Eidoo: A Multiple Asset Cryptocurrency Wallet With A Mini-Dex Exchange.
Eidoo wallet is a multi-cryptocurrency wallet that supports BTC, ETH, LTC and all ERC 20 tokens. So if you're planning to store or hold any ERC20 token, the Eidoo wallet is the one for you.
The Eidoo wallet is available on Google play store for Android devices, Apple store for iOS devices and there's also the desktop version for PC, the Linux version and a Macos version. This shows that the Eidoo wallet can be used on more than one or two devices as opposed to most wallets that are available on only two operating system (OS).
The first thing I can say about the Eidoo wallet is the interface, which is obviously the first thing one would notice on any platform. The Eidoo wallet interface is not a complex one at all, but it is very simple and easy to navigate. Also, since it is a multi-assets crypto wallet, you can easily manage more than one digital currency without any difficulty.
The security of the wallet comprises of a single backup phrase in case you lose the device on which the wallet is located on, this backup phrase will easily allow you to import your wallet account on another device, and this is why it is often advised to write down backup phrases and keep it in hard copy.
The Eidoo wallet also provides users with a private key which you can use to lock and unlock the wallet. This private key is safely encrypted on your device that even the Eidoo ecosystem cannot access your wallet without your knowledge. The also have access to high recovery tools that can help in wallet recovery, although I think there's a limit to the recovery process.
The Eidoo wallet is also equipped with a small mini cryptocurrency exchange that allows you to trade crypto right there on your wallet. So as a user, you can easily exchange your cryptos and keep them safe after a successful transaction. This mini exchange is a ERC20 decentralized exchange which allows you make to also make token swaps safely and easily.
The tokens available on the Eidoo wallet are over 1000 in number which makes it very suitable to participate and receive airdrops. An interesting partnership that this Eidoo wallet has is one with the pNetwork. This partnership makes it possible for users to access the pNetwork ecosystem and make swaps from their blockchain to the ecosystem from the wallet.
In conclusion, all I've mentioned above proves how dynamic the Eidoo wallet is but I wouldn't advise newbies and beginners to use it because they'll surely get confused especially with this much tokens available on it, I'll advise they go for more direct wallets that only deal with popular cryptocurrencies and leave this for professionals that can understand and handle its ambiguity.
Pros
- The Eidoo wallet's interface is simple and very easy to navigate.
- It is available in both mobile and desktop versions. And on multiple devices like Linux, Win, Macos, Android and iOS.
- It supports over 1000 cryptocurrency tokens and also supports all ERC20 tokens
- It has an in built mini Dex exchange that allows easy swapping of tokens.
Cons
- The Eidoo wallet is not advisable for newbies and beginners just into cryptocurrency.
