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New EOS Wallet Charges No Transaction Fees

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Freewallet, the third most popular online wallet for Android devices, has just announced a new EOS wallet. The new wallet will support multiple currencies apart from EOS, but its most important feature is that it will not charge any fees for transferring EOS coins or exchanging them for other tokens.

The new wallet will be available for Android and iOS users alike, and it can be used for storing, receiving, or sending EOS coins. Also, all transactions are completely fee-free, which is a large improvement when compared to many other wallets.

Additionally, the wallet will reportedly support almost any cryptocurrency. That way, all coins can be exchanged for one another in a single place, without having to go to specific exchanges. Furthermore, Freewallet also allows users the ability to swap ERC-20 EOS for the new EOS coin, which is native to EOS blockchain.

Exchange EOS ERC-20 tokens via the new EOS wallet

While EOS has launched its MainNet months ago, on June 1st, there are still EOS holders that have yet to exchange old EOS tokens for the new ones. This is why Freewallet’s founder and CEO, Alvyn Hagg, announced that EOS ERC-20 tokens that were held on Freewallet got swapped for the real EOS coin automatically. The ability to swap the coins on the new wallet as well is included for those users who held their old EOS tokens elsewhere.

Freewallet is known for being very user-friendly, and so far, it supported numerous coins, including Bitcoin, Litecoin, Ethereum, Dogecoin, and even Monero, in addition to numerous others. It was first released in January 2016, and since then, it expanded to include Multiwallet, 9 single-currency wallets for iOS, as well as 22 single-currency wallets for Android.

With the addition of a new EOS wallet, Freewallet continues to attract attention and interest from a lot of users. The new wallet will serve as a one-stop shop for numerous cryptocurrency traders, as well as for all EOS. It will certainly make trading easier, and the team’s current goal is to reach, and possibly even beat, MyEtherWallet, a cryptocurrency wallet centered around Ethereum (ETH).

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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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