EO.Finance – is it reliable, how does it work? Cryptocurrency and fiat wallet review

EO.Finance is an online wallet for storing and transacting with over 40 cryptocurrencies. Supported fiat currencies: US dollar (USD), euro (EUR), pound (GBP). Thus, it becomes possible to buy cryptocurrencies using any Visa/Mastercard/Maestro bank card. EO.Finance is also an exchange capable of converting over 2,500 currency pairs. For example, exchange US dollar to Bitcoin; Ethereum to Litecoin, etc.

Official website: eo.finance.

The website has an interface in English, but a translation into Brazilian is planned.

Criptomoeda EO Finance is available on the following platforms:

1. Mobile app for Android and iOS.
2. Browser extension.
3. Applications for installation on a personal computer (Windows, MAC OS).
4. Through an online website.

Legal information

EO.Finance is managed by a European regulated company EOTRADEX OÜ. Official registration address: Estonia, Harju maakond, Tallinn, Kesklinna linnaosa, Roosikrantsi tn 2-K492, 10119. Contacts: [email protected] or +44 208 0893 657.

It holds two licenses from the Estonian financial regulator:

1. FRK000161 (provision of virtual wallet service):
2. FVR000193 (Virtual Currency Exchange Activities):

EO.Finance Wallet Features

Let's look at the main features of the EO.Finance wallet that you should pay attention to:

1. The management company has European regulations and the necessary licenses to carry out financial activities.
2. Fiat deposit and withdrawal methods.
3. Presence of the main cryptocurrencies.
4. Built in exchanger. You can convert fiat currency and cryptocurrency.
5. Internal token EO Coin. After purchase, the commission is reduced by 50%.
6. Buying Bitcoin and other currencies using a bank card.
7. High level of data protection.
8. Professional team.
9. 24/7 support.

Commissions and Fees

Using EO.Finance wallet has the following fees:

1. Account fee. There is no fee for: account opening, maintenance, mobile app usage, account closure, contacting support. If the wallet has not been used (no deposits, no transactions) for 6 months, a monthly fee of $50 will be charged.
2. Fees for foreign exchange transactions are set at 0.2%.
3. Fees for payments with bank cards (deposits, withdrawals) are 4.5%; minimum amount – $10; maximum – $25,000:
4. There are no commissions for depositing cryptocurrencies and withdrawal fees are set at the following values: For example, when transferring Bitcoin from a wallet EO.Finance charges 0.000551 BTC or $1.9 per exchange rate for today; when withdrawing Litecoin – 0.0012 LTC ($0.05), etc. Please note the minimum amount available for withdrawal: for fiat currencies is equal to 10 USD (EUR, GBP); for cryptocurrencies, this amount depends on the currency, for example, for Bitcoin – 0.000056 BTC. There are no restrictions on the amount of inputs; you can transfer any amount of cryptocurrency.

Registration and account creation

Let's look at how to create an account using the example of an online wallet on the eo.finance website. You can also choose other platforms: install the application from Google Play or the App Store on your phone or download the program to your computer; use the extension for Chrome and Firefox browsers.

When using the web version of the wallet to register, click on “Register”:

Complete the registration form. You must indicate: email or cell phone number; Create a password; Read the terms of service and agree to its terms.

An email will be sent to confirm your registration. You need to click “Confirm” and your account creation will be complete.

The next step is passing verification (identification confirmation). Without it, only account replenishment is possible.

Cabinet setup and verification

After registration, you will need to set up your EO Finance personal account. In the “Security” section, you should enable two-factor authentication. This action will protect your account from hackers by 98%. In addition, in the settings, you can set notification parameters and enable the ability to use the EO Coin token to reduce the commission size by 50%.

The next step is to fill in your account information, only after which you can proceed with uploading documents. The information is indicated in Latin characters:

1. First name (First name), last name (Surname). The information must be entered as written in the passport.
2. Select Gender.
3. Country of residence (Country).
4. Specify the city (City); address (Address); zip code (ZIP Code).
5. Enter your date of birth (Date of Birth).

Once you’re done, click “Submit.” Then, go to the “Verification” section and upload a document that proves your identity (passport, driver’s license) and residential address (certificate of payment of utilities, bank statement confirming the existence of an account, page of your passport with registration, etc.).

If you have any questions, please write to the online support chat or email. The chat responds within a minute.

After the documents are verified, the account status will change to “confirmed” and you will be able to use all the functionalities of the EO.Finance wallet.

How to Deposit/Withdraw Cryptocurrency or Fiat Currency

EO.Finance Wallet Overview:

Initially, not all cryptocurrencies are displayed in the list; to add them, there is a “Manage wallets” button at the bottom. To activate it:

To deposit cryptocurrency, click “Receive”, copy cryptocurrency address and transfer coins from your external wallet to it.

Buying cryptocurrency with a card

If you want buy cryptocurrency, then you need to click “Buy” or “Receive” and select the “Bank card” section. Enter the number of purchased cryptocurrencies and proceed to payment:

Payment by card will be made through CommerceGate processing. Please indicate on the form:

1. Card number.
2. Validity.
3. CVV (security code).
4. Check the value.
5. Click “Confirm purchase”.

Commission – 4.5%; Minimum amount is $10.

Fiat Entry

To replenish trust accounts, click on the line next to “Receive” and indicate the amount. Replenishment is made using a bank card.

Exchange

The EO.Finance wallet has the ability to cryptocurrency exchange and decree between themselves. The transaction fee will be 0.2%.

To convert, click “Exchange” and select the desired direction in the form. For example, let’s exchange Bitcoin for USD for card withdrawal:

Cryptocurrency withdrawal

To cryptocurrency withdrawal You must confirm your registration email and phone number and activate 2FA. Then select “Send”, specify the amount taking into account the minimum amount and the commission of the blockchain network.

Conclusion, Evaluations

EO.Finance Wallet is a licensed crypto wallet that supports fiat currency and improving cryptocurrency rankings. Available for work online, as a browser extension or by installing an application on a mobile device or personal computer. With its help, you can buy cryptocurrency from a bank card or withdraw money to it. The company plans to issue a debit card EO.Card, which will be available for order worldwide, except for the United States.

Feedback from EO.Finance wallet users: