ShapeShift, a number one self-custody cryptocurrency change platform, not too long ago launched its cellular app, which permits customers to purchase, commerce, and change cryptocurrency corresponding to Bitcoin with out requiring third-party to take custody of their private and non-private keys.
Why is that this vital? Most cryptocurrency exchanges are custodial, which means they maintain their customers’ personal keys, and due to this fact, their funds. For instance, if the wallets of change corresponding to Binance or Coinbase are hacked, in idea, the malicious hacker may entry the customers’ personal keys and steal their funds.
ShapeShift is without doubt one of the few platforms that’s non-custodial, which means it permits customers to change digital property with out having to place their personal keys outdoors of their very own management.
The brand new ShapeShift cellular app is designed to onboard new customers into the cryptocurrency world with out having to make use of a custodial resolution.
“The ShapeShift crypto platform launched a 12 months in the past, bringing correct self-custody digital asset administration to the plenty,” feedback ShapeShift CEO and Founder Erik Voorhees. “However, it was solely out there on the net. The cellular app is right here, and with one e-mail and password, customers can take pleasure in self-sovereign finance on each internet and cellular. As conventional monetary programs develop into more and more tenuous, Bitcoin presents refuge and empowerment. We’re right here to make it simple.”
ShapeShift has been a key participant within the cryptocurrency ecosystem since July 2014 and has championed the “be your individual financial institution” ethos that pulls many cryptocurrency customers into the ecosystem.
With the launch of its cellular app, ShapeShift continues to position itself on the forefront of beginner-oriented cryptocurrency utilization.
Customers can now purchase Bitcoin with a credit score (or debit) card, commerce a wide range of different widespread digital property, and transact with different customers wherever on this planet, all whereas retaining full custody of their keys.
In April 2020, ShapeShift acquired Israeli crypto-startup Portis, a number one pockets resolution for Ethereum-based “web3” functions. The group plans to make use of Portis to permit ShapeShift customers to entry main DeFi companies, multi functional place.
For a restricted time, you may get $three in BTC after you obtain the ShapeShift app and confirm your account. You possibly can obtain ShapeShift’s cellular app on iOS and Android.
ShapeShift’s app is offered instantly on iOS and Android, and is the best method to get began with digital foreign money.
You possibly can study extra about ShapeShift right here.