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Eidoo Multicurrency Wallet

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About Eidoo Multicurrency iOS Wallet

Eidoo is a multicurrency iOS wallet developed by Eidoo Sagl, a company incorporated in Switzerland. Users of this wallet retain control of their private keys on their own device. It offers support for Bitcoin and Ethereum, along with compatibility for ERC20 tokens. Eidoo also seamlessly integrates with ICO projects, allowing users to easily send funds to these projects and receive airdrops automatically.

User Data and Security

The users' private keys are securely stored on their device, and the wallet is hierarchical deterministic. However, it's important to note that Eidoo does not offer multi-signature functionality or the option to enable two-factor authentication.

Contact Integration and Backup

Eidoo wallet enhances user experience by integrating with the user's contact list. This feature enables users to send funds using contact names instead of dealing with lengthy cryptocurrency addresses. Additionally, in the event of device loss, users are provided with a backup phrase that allows them to restore their wallet and funds. When creating a new wallet, users set a password and receive a backup to ensure secure wallet recovery.

Support and Cryptocurrency Variety

While Eidoo offers several features, it's important to note that its support may be limited compared to wallets supporting a wider variety of cryptocurrencies.

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Pros & Cons

  • Private key is securely stored on the user’s device
  • Utilizes hierarchical deterministic technology
  • Users receive a backup phrase for added security
  • Seamlessly integrates with ICO projects
  • Users have the opportunity to receive airdrops
  • Wallet integrates with the user’s contacts
  • Lacks multi-signature functionality
  • Does not offer two-factor authentication
  • Support options are limited

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