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eToroX

eToroX

eToroX is a cryptocurrency exchange and tokenization platform, founded by Yoni Assia

eToroX is a cryptocurrency exchange and tokenization platform. The multi-crypto exchange and on-chain wallet became available in November 2018, and was founded by Yoni Assia.

The crypto-exchange works for users looking to trade Bitcoin, Ethereum, Litecoin, and Ripple. eToroX offers tokenization of assets through its Token Management Suite. eToroX offers tokenization with a stablecoin, which is a financial asset like the US dollar or gold, connected to a cryptocurrency. The idea behind connecting Bitcoin to the US dollar is to allow for global transfers and to allow for users to pay for daily purchases.

The wallet from eToroX uses an actual market rate that is determined by eToroX, and Simplex approves the transaction which cannot be canceled after approval. Blockchain fees are deducted from the crypto purchases, and bank fees must be dealt with through user banks. There is no fee for sending or receiving transactions, however there is a conversion fee with transactions between cryptos. To create a wallet, the cost is 45 XRP.

On the eToroX crypto exchange, users can perform the following trading operations:

  • execution of trading transactions on the orders presented to choose from (market, limit and stop orders);
  • buying cryptocurrency for fiat;
  • cryptocurrency staking - receiving passive income for storing coins in their cryptocurrency wallet;
  • operations with futures - contracts for cryptocurrencies, indices and stocks.

To replenish the account, such methods as a bank card, bank transfer, PayPal, Skrill, Neteller, RAPID TRANSFER, iDEAL, Klarna/Sofort Banking are available. The minimum deposit amount is not limited.

To withdraw funds, users can use the same methods that are relevant for replenishment. Withdrawals are available from $30.

The average trading commission is 0.10-0.24% depending on the selected orders. When converting fiat-crypto, a commission of 1% is provided.

eToro Wallet

This is a cryptocurrency wallet created by eToroX that supports over 120 digital assets and 500 cryptocurrency pairs. There is a conversion function.

Users are offered such opportunities as transferring bitcoin from the eToro platform, interacting with other wallets (sending and receiving coins through them digital assets), converting cryptocurrencies, tracking their cryptocurrency portfolio.

Lira

This is an open source project from eToroX Labs. Lira is positioned as a domain-specific programming language for describing and executing a limited set of instructions. Counterparties will be able to write, verify and receive money as part of the smart contract created for the transaction.

The main mission of functioning is to shape the future of the decentralized finance market.

Timeline

Patents

Further Resources

Title
Author
Link
Type
Date

Cryptocurrency, Blockchain & Bitcoin News - BitcoinExchangeGuide.com

Web

eToroX Digital Asset Platform - Crypto Exchange, Wallet & eTokens

Web

References

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