Global Investment Platform, eToro has confirmed their roll out of a crypto wallet to both iOS and Android users.
eToro’s CEO, Yoni Assia said: “We believe that in the future all assets will be tokenized and that crypto is just the first step on this journey. Just as eToro has opened up traditional markets for investors, we want to do the same in a tokenized world. The eToro wallet is a key part of this.”
Not all exchanges possess a separate wallet app. For instance, one of the well-known crypto-to-crypto exchanges just recently acquired Trust Wallet (the mobile wallet operator).
The eToro wallet, which has promised enhanced security as well as an intuitive customer interface is now available for users on the Apple’s App store and Google Play. For beginners, it will only support Ethereum, Bitcoin Cash, Litecoin and Bitcoin, but eToro has said that the list will be expanded in the future.
However, to ensure a smooth experience, the release of the wallet is majorly for some selected customers and countries. This means that you might still have to wait a short while even if you find the app in the app store. At first, transferring cryptocurrency from eToro to wallets will be made possible for Platinum Club members. Gradually, this will be extended to a good number of crypto assets and users.
To avoid loss of private keys, there will be a multi-signature security feature on the wallet. It will also enable in-store payments, crypto-to-crypto conversion, ability to deposit fiat. Assia added: “The eToro wallet today is just the beginning and we will adding a whole host of additional functionality.”
eToro, of recent featured Kristian Nairn, popularly known as Hodor in the Game of Thrones TV Series) to the delight of the community. This wallet was announced back in May when the company teased a new cryptocurrency-only exchange desk, which was slated to be launched in Europe and in the United States later on.