One of the most popular multi-currency wallets: here is our complete guide to Eidoo
Eidoo is a multi-currency wallet available for Android and iOS. A widely announced Desktop version (OSX, Windows and Linux) has been available for some time now and is finally stable. It currently supports Bitcoin, Ethereum, ERC20 and ERC223 tokens, and numerous other cryptocurrencies.
Very easy to use app, it provides a high level of security and a hybrid exchange inside the application. Our complete guide to Eidoo will mainly cover the Android version with some references to the desktop version.
Almost all ICOs are designed using the Ethereum blockchain and the related tokens are based on the ERC-20 standard.
ERC-20 is the standard used for smart contracts on the Ethereum blockchain and defines a set of rules for the implementation of tokens within the network itself.
You will therefore need a compatible wallet to send the tokens earned through Airdrops or purchased in the pre-ICO phase in case you do not want to move them to the exchange on which they will be exchanged.
In our opinion, Eidoo is the wallet par excellence for these digital coins and in this guide we will explain in detail how to use it as well as provide further details and news on its various ecosystem.
The first time with Eidoo.
1- Download the app from the Reactive Store at the S.O. of your smartphone or at the following link: https://eidoo.io/
Complete Guide Eidoo
2– Once started you have to choose whether to create a new wallet - in the case of the first use - or recover an existing wallet.
3 - Enter the password you will need to access the application on your device and confirm "terms and conditions".
Complete Guide Eidoo
4 - In the next screen select BACK NOW and re-enter the password to access the 12 words of the PASSPHRASE. If you want to recover your previous wallet, the RESTORE screen will appear (IMG 6b).
Complete Guide Eidoo
5 - Make a note of these 12 words somewhere as only thanks to these will you be able to recover the contents of your wallet in case your device is lost or the PC hard disk fails. On the next screen, enter them in the order listed.
Complete Guide Eidoo
6 - Here we are inside your personal wallet. By clicking on the top right, your Ethereum address will appear on which to receive the coin and tokens. Click on one of them and access the information screen (IMG 13). Pressing TRANSFER at the bottom will open a further screen where you can enter the destination Ethereum address and the amount to be transferred. Click on Advanced to establish the amount of Gas (Ether) to be used according to the urgency of the transfer (IMG 14).
It is possible to make a quick swap between cryptocurrencies, a bit like it happens on Coinbase, or buy them by credit card or bank transfer.
Complete Guide Eidoo
Let's now go deeper into the Eidoo App.
7 - Let's now access the menus below. Exchange is now active and you can exchange various tokens with each other directly within the application. Through the Trading Wallet you will first have to move the cryptocurrencies you wish to dedicate to trading from your Personal Wallet to the Eidoo Hybrid Exchange. Trading fees are unfortunately quite high.
Complete Guide Eidoo
8 - Eidoo Crowd. Shows a list of ICOs supported by Eidoo that you can participate in after evaluating the opportunity.
9 - More. In this section you can:
a) connect to your account on the Eidoo website for data verification
b) back up the wallet and change the Password
c) save the most used Ethereum and Bitcoin addresses
d) select the desired language
e) select the traditional reference currency
f) show hidden assets
g) add an unknown token. Force token enrollment will be used in the event that your tokens appear on Etherscan.io without being able to see them in your wallet. By entering the address of the smart contract (on how to use etherscan and smart contracts we invite you to read our Guide to Airdrops) you can insert them in your wallet.
h) enable notifications
i) share usage data anonymously
l) reset the application (you will not lose your tokens)
m) Send a report if there is a problem with the application
Desktop version 2.1.4
Complete Guide Eidoo
9 - Finally, by clicking on the Eidoo icon at the bottom center, a screen will open that will show the amount of your Edo, the Eidoo token.
10 - Every time you access Eidoo, even if it is not actually closed but placed in the background, you must enter the password.
See you soon for the next guide!
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