Review on EO.Finance by Danh Huỳnh Ngọc Công
EO Option from the EU!
EO Option is a trusted wallet with the verification from EU authorities. By using it, users will enjoy a wallet with good design, good support, an internal exchange, and the availability of storage for some fiat currencies and cryptocurrencies. It should be a good option when people want to find a wallet for long term.
Pros
- - My first impression for Eo Finance wallet is that its well-designed logo has a fun animation. It is interesting even in the initial stage
- - Registration process is so simple that it may take less than a minute (really, if you're a fast typer). It is optional for users to register with mobile phone number.
- - The wallet support more than twenty cryptocurrencies and three fiat currencies (EUR, USD, and GBP)
- - The wallet is licensed by the European authorities so it is less likely that the wallet is just a scam and can be trusted by users
- - Users can deposit fiat currencies (EUR, USD, and GBP) to the app using their credit card. Their money can be stored or trade against the available cryptocurrencies
- - It is not required for users to have some coins to withdraw the tokens on the same platform. Withdrawal fees on EO Finance will work like the ones on the traditional exchange
- - It has an internal exchange in its own wallet. Users can trade crypto to fiat, fiat to crypto, and crypto to crypto. The fees will be fixed at 0.2% per trade. It has its own cryptocurrency called EO coin used to discount 50% trading fees
- - The wallet have nice and effective design which is beautiful enough to satisfy its users
- - From the dashboard, users can easily see their portfolio which can be displayed both in cryptocurrencies and fiat currencies
- - Sending and receiving may be not to difficult. These can be processed within minutes without problems. Transaction history can be tracked with detailed information.
- - It has a refer program that gives users discounts on trading fees if they introduce EO Finance to their friends
- - Their support can be reached via the support button right on the app or the company email. All questions will be answered in a timely manner
Cons
- - It does not have QR code for receiving assets from other wallets. This is quite painful for someone who loves fast transferring
- - Users are limited to use certain features if they don't verify their identities. For example, they may not withdraw more than an amount of assets if they don't confirm their email
- - Topping up your fiat currencies balance may be not ideal as it charges significant amount of transferring fees. Withdrawals also associate some fees making o
- - It is not so popular in the public and need very much marketing to get it known wildly
- - There is a big pressure from the other competitors who have all the features on EO Options and other interesting features but does not require identity verification
