eToro, one of DailyForex’s top-rated social and crypto trading platforms has just made an exciting announcement; it has launched a brand new crypto wallet. The wallet is available on the two primary app stores – Google Play and the Apple App Store, and it allows for traders to purchase cryptocurrencies safely and securely. Even more importantly, the eToro crypto wallet has multi-signature security that provides peace of mind for users as well as the ability to see all blockchain transactions without worry that they will lose their secret key. According to a report released last year and published by Fortune Magazine, nearly 4 million bitcoins have been lost forever as a result of users forgetting their key.
Yoni Assia, CEO of eToro comments: “We believe that crypto and the blockchain technology that underpins it will have a huge impact on global finance. Blockchain has the potential to revolutionise finance and we believe that we will see the greatest transfer of wealth ever onto the blockchain. We believe that in the future all assets will be tokenised 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 tokenised world. The eToro wallet is a key part of this.”
It should be noted that eToro is releasing its crypto wallet in stages, making it available in different countries at different times and with different functionalities. The purpose for this is to make sure that every user has the best possible customer experience and that the wallet meets the different needs of different users.
Customers can store Bitcoin, Bitcoin Cash, Ethereum and Litecoin in the eToro crypto wallet, and the company expects to support additional cryptocurrency storage in the near future.