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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

Is there a Real Value to Binance Coin (BNB)?

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Binance Coin (BNB) is one of the most interesting cryptocurrencies at the market right now. The coin was developed by the largest crypto exchange by trading volume in the world, and it only works within the exchange’s ecosystem. However, it still managed to achieve what many believed was impossible — it stopped following Bitcoin’s lead, and it started carving its own path.

At the very least, the coin is highly intriguing, but does it hold real value? This is a question that many in the crypto community have been asking for a while now, uncertain whether BNB is a worthy investment or not.

What gives BNB its value?

Binance Coin cannot be used for purchasing goods and services, like Bitcoin. It currently does not fuel a development platform like Ethereum. It cannot even be used as XRP for sending international payments. However, the coin had still managed to triple its price in the last three months and to surge when most other cryptocurrencies were seeing losses due to the last remnants of the crypto winter.

BNB managed to achieve all of this because of its use cases within Binance, but also because of its future potential. First of all, Binance is the largest crypto exchange in the world, with millions of customers, most of which use the exchange on a daily basis.

This means that the exchange inspires…

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Top 3 Reasons To HODL Binance Coin (BNB)

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After 2018 crypto winter began, everyone involved with cryptocurrencies experienced quite a difficult period. The prices were down, weak projects started failing, and even the strong ones appeared to be in more trouble than they could face. The year was especially difficult for HODLers, as they expected that the coins’ prices would continue to skyrocket. Instead, they lost a fortune, not even knowing if the prices will ever start returning to their former heights.

These days, things do not seem so bad anymore. The prices are still down, most of the coins are still at their newly-found bottoms, but smaller bull runs are improving the situation, while a massive one still remains somewhere in the future, at least according to optimists.

However, among the coins in the vast and diverse crypto market, one token stands out. Binance Coin is not exactly a typical cryptocurrency, and for many reasons. The biggest one is that it is one of the few tokens out there that does not follow Bitcoin’s lead, at least not anymore. Whether that will change in the future remains to be seen, but for now, BNB appears to be going its own way, carving its own path through the crypto market.

Its price has increased by several hundred percents since the year began, and for now, it continues to grow. As such, it is perhaps more worthy…

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Why Binance Could Become The First Centralized Company To Achieve Total Decentralization

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At this point, pretty much everyone who knows anything about cryptocurrencies knows that they are based on the concept of decentralization. The same is true for the blockchain technology. While there are some exceptions, such as certain stablecoins, most digital coins follow this principle.

This means that these coins, as well as their network, have no central authority, no single entity that would make choices and decisions that would impact others. However, while most coins managed to achieve this through different complex mechanisms and algorithms — one aspect of crypto trading still remains heavily centralized. We are, of course, talking about crypto exchanges.

Centralization of crypto exchanges

Most of the largest crypto exchanges out there are designed as companies, rather than community-operated platforms. The exchanges have their employees who designed them and developed special tools. They act as customer support, developers, innovators, and alike.

They also get to decide which coins will be listed and which are too weak, uncertain, or not fit to be found on the list. Exchanges are also responsible for keeping the traders’ and investors’ funds safe, which is why they typically develop their own wallets. As such, they are often targeted by hackers, as the coins are stored in an exchange wallet, waiting to be withdrawn, sold, or converted into different currencies.

This makes them extremely unsafe, and investors and traders are always…

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