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eToro Cryptocurrency Wallet Review

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What are cryptocurrency wallets?

A cryptocurrency wallet is one of the most important tools that every crypto trader needs. A wallet is a place where the coins can be stored safely, and only their owner will have access to them. Wallets can come in multiple forms, which include online platforms, hardware devices, and even apps for a smartphone.

eToro’s wallet is one of the best ones that can currently be found in the market, and it offers numerous features and advantages that a cryptocurrency investor can benefit from. While some wallets only serve as a storage space for cryptocurrencies, there are also those like eToro, that allow numerous other services.

What makes eToro wallet special?

eToro has been a big name in the crypto world, especially when it comes to crypto assets integration into the trading world. In fact, eToro supported Bitcoin purchases as far back as in 2013. Over time, eToro added numerous other digital assets to the list which, in turn, attracted new investors willing to trade said assets.

Since then, eToro’s goal was to assist in the development of the crypto world. As a result, it also launched its own cryptocurrency wallet, and for the first time in the crypto world’s short history, a wallet that allows transferring and storing assets emerged. The eToro wallet allows users to transfer their BTC from the exchange platform to the wallet directly. Not only that, but it also supports several other cryptos, like Litecoin, Ethereum, and Bitcoin Cash. However, eToro is already making plans to add new coins at some point in the future.

Furthermore, eToro wallet also allows transferring digital coins to other wallets, and even to offline (cold) storages. This is only one aspect of its numerous security features that protect users’ funds, such as two-factor authentication.

The wallet’s interface is rather intuitive, and using it is simply for newcomers and experienced traders alike. By simply entering user credentials, anyone can quickly log into their personal account and manage their coins in one of the multiple languages.

One problem that most users have with crypto wallets are their fees. While eToro does have certain fees, like any other wallet, they remain quite competitive. Not only that, but the company stated that they plan to keep them that way. Due to the fact that both, eToro and the blockchain platform have their own fees, there are actually two of them that users will have to pay. But, as mentioned, eToro is doing everything in its power to keep them as low as possible.

Other advantages

Considering how important crypto wallets are for trading, there are numerous ones out there, just waiting for users to come and make an account. However, another difference between those wallets and eToro wallet is the fact that eToro’s wallet has a very successful and reputable company behind it. The company that is known for being secure, reliable, and respectful toward its users, no less.

For a lot of investors, this was proof enough that the wallet will be functional and with no surprises regarding its functionality and safety. This is important since investors need to know that their funds are stored in a safe place, which is something that eToro can guarantee. The wallet is also easy to access, understand, and use, which makes it one of the best solutions currently available.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Why no one should be using banks

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why no one should be using banks
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If government is the devil, the bank is a demon.

It’s not your money anymore.

The moment you put your money on your bank account it becomes the property of the bank. Legally speaking you have just lend your money for minuscule interest. And since the money is not your, terms do apply, so you cannot withdraw all of them in one day, if the amount is high.

Government will know everything

Today banks are obligated to tell the authorities everything they know about you, including how much money you have, how you got it and where you spend it. The golden age of bank secrecy is over. Of course if you are a law abiding citizen, you might think that you have nothing to hide, but it’s not about hiding stuff. It’s about basic human right, and rightness for private life. The government should not be allowed to watch you.

Banks ask too many stupid questions

It’s your money, you rightfully earned them, but still you need to explain to the bank where you got it from and be shamed by them. The funny part is that after long and painful due diligence process the bank may still decline in providing service for you.

They can legally suspend your account or even steal your money

Laws are not made to protect people, they are made to protect the…

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Neteller to Launch a Crypto Exchange

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Neteller
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The way to make sure that the cryptocurrency momentum continues and that cryptocurrency credibility occurs is when big companies begin offering services based around cryptocurrency and other features of blockchain. This was certainly the case when Neteller recently announced it will offer a cryptocurrency exchange service in addition to its digital wallet services. The company announced that the 28 currencies compatible with the fiat wallet were able to buy, sell, and hold cryptocurrencies – including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It makes sense to begin with Bitcoin and Ethereum as they are seen as the originators of what cryptocurrency and blockchain can do and also the future of how blockchain can be used, despite news that Ripple may be set to topple them all. Neteller’s move into cryptocurrency shows it has its sights set on a bright future of cryptocurrency and making it more accessible. But where do they stand now?

Neteller and Cryptocurrency

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MGO Will Likely Generate Substantial Gains During 2019

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MGO
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My new year’s resolution is to put the past year behind me and start fresh.  This means to stop worrying about past losses and focus on all the exciting projects that blockchain technology has made possible.  When analyzing new projects, I tend to look for projects that have 2 advantages; growing industry and lack of competition.  Companies with these advantages have always done well in the equity markets and there is no reason to believe they won’t do well in the crypto markets.  MobileGo (MGO) is one such project that will be one of the biggest winners during the next 12 months.

MobileGo’s currency, MGO, performed better than nearly every other token during the past 12 months.  While most altcoins were plunging by more than 90%, MGO is only down about 50%.  And, since September, the MGO token has exploded by more than 200%.  These trading gains can be attributed to increasing adoption rates of the MGO token, most notably on the Xsolla platform.

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