Review on Eidoo by Danh Huỳnh Ngọc Công
Eidoo - a wallet with the integration of an hybrid exchange
Eidoo is a very good exchange for Bitcoin and Ethereum blockchains. It gives the basic functions of a standard wallet. Besides, they offers some additional services which most of them are for trading coins/tokens. It also hosts an IEO which hardly any exchange has. However, there are some drawbacks and need to be tackled so it will become popular.
Updated 5 years ago
Rating has not been changed
Positive point: The wallet is available on iOS, Android, and Desktop making it is convenient to access the wallet on different devices
Pros
- - Eidoo wallet is so beautiful and well-design. It utilizes simple patterns to create very nice layout
- - Users can manage, store, send, and receive their Bitcoin, Ether, and many types of Ethereum tokens on this exchange easily
- - It has a native token which gives the holders many benefits whose volume is quite good showing the good sign of liquidity
- - Users who have problems when using the exchange can contact to the customer support any time just by pressing one button
- - It has an internal swap exchange allowing users to swap their tokens very instantly
- - The wallet also integrates a hybrid exchange for buying and selling right on the exchange
- - Users is the one who control their private key so the security is high. The company behind Eidoo is not the threat to their assets
- - Eidoo hosts an IEO on the hybrid exchange inside the wallet and this feature is so unique that it seems to be the only wallet to do so
- - Users can switch to the currencies they want to display as the wallet support over 30 reference currencies
- - The wallet will launch the exchange for security token in the future and this will diversify the utilities of the tokens
- - Eidoo SAGL has a transparent identities which they listed on their website very clearly
- - It is very popular among the community. It was featured on blockchain news website such as Cointelegraph, Coindesk or Forbes
Cons
- - Registration process may be very painful as the wallet ask users to type the 12 seed phrases it gives them. It maybe not meant for the hot temper people
- - It supports only three blockchain while the wallet with the most blockchains has 125. They should consider adding more and more blockchains or they will fall behind
- - It is a must to verify your identities if you want to swap or trade cryptocurrencies on this wallet. It is not the motto of blockchain community though
- - It cannot do a trending thing - connecting to the DApps. This is an important feature that I see the most popular exchanges are having but not Eidoo. It should be a thing on this wallet
- - The hybrid exchange's volume is low so the liquidity is not healthy on the exchange
