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ShapeShift, a number one self-custody cryptocurrency trade platform, not too long ago launched its mobile app, which permits customers to purchase, commerce, and trade cryptocurrency resembling 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 subsequently, their funds. For instance, if the wallets of trade resembling Binance or Coinbase are hacked, in idea, the malicious hacker may entry the customers’ personal keys and steal their funds.
ShapeShift is likely one of the few platforms that’s non-custodial, which means it permits customers to trade digital property with out having to put their personal keys outdoors of their very own management.
The new ShapeShift cell app is designed to onboard new customers into the cryptocurrency world with out having to use a custodial resolution.
“The ShapeShift crypto platform launched a year ago, bringing proper self-custody digital asset management to the masses,” feedback ShapeShift CEO and Founder Erik Voorhees. “But, it was only available on the web. The mobile app is here, and with one email and password, users can enjoy self-sovereign finance on both web and mobile. As traditional financial systems become increasingly tenuous, Bitcoin offers refuge and empowerment. We’re here to make it easy.”
ShapeShift has been a key participant within the cryptocurrency ecosystem since July 2014 and has championed the “be your own bank” ethos that pulls many cryptocurrency customers into the ecosystem.
With the launch of its cell app, ShapeShift continues to place itself on the forefront of beginner-oriented cryptocurrency utilization.
Users can now purchase Bitcoin with a credit score (or debit) card, commerce quite a lot of different in style 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-beginup Portis, a number one pockets resolution for Ethereum-based “web3” functions. The crew plans to use Portis to permit ShapeShift customers to entry main DeFi providers, multi functional place.
For a restricted time, you will get $three in BTC after you obtain the ShapeShift app and confirm your account. You can download ShapeShift’s mobile app on iOS and Android.
ShapeShift’s app is obtainable instantly on iOS and Android, and is the simplest approach to get begined with digital forex.
You can study extra about ShapeShift here.
The publish ShapeShift Releases Mobile App to Make Non-Custodial Crypto Easier appeared first on CoinCentral.