- EBO has launched a trading app alternative to Coinbase with no requirement of the KYC feature.
- EBO app has the feature to permit the uses to Buy, Sell and Store Ether and Ethereum based hard forks in the assigned wallets.
- Terrance Sullivan told since the App is a noncustodial service, the users will have the full responsibility of the cryptocurrency and the funds they hold.
The Zug based company EBO has launched a trading app alternative to Coinbase with no requirement of the KYC feature. It described itself to be ideal and boasts alternatives to Coinbase. The App will have mobile applications and is named exclusively as an Ethereum crypto wallet and is available on the iOS App Store.
This App was released with the benefit of having better features and as an alternative to the Coinbase users. EBO app has the feature to permit the uses to Buy, Sell and Store Ether and Ethereum based hard forks in the assigned wallets. The company, however, does not store any of its user’s cryptocurrency and instead facilitates self-custody.
This App requires no signup and grants direct access for exchange services. With all these features the company said its working procedure falls under the regulatory frameworks. Terrance Sullivan, the CEO of the EBO app, told since the App is a noncustodial service, the users will have the full responsibility of the cryptocurrency and the funds they hold.
The no feature of KYC (Know Your Customer) on the App welcomes users who have difficulty in the documentation process and helps them to trade and exchange with little to no limits in the market.
In the world of regulatory forced applications, documents find it difficult to open any trading account and fail in gaining the opportunity to do so. The CEO believes even the smallest finance-related services need a proving file, and due to that reason, the App has been created to create open finance.
But the feature lacking KYC, the CEO made a statement all the features in the App fall under regulatory frameworks, and the App won’t allow the users to trade or exchange the assets that come under the regulatory frameworks.
The mobile feature application is compiled with strict security, and the App is derived from Trust wallet, which is an open-source wallet project and has been tested over the years before its launch.
The App’s security maintains military-grade security encryption and uses private keys for individual users for their wallet security. The App also has a 24/7 help center to ask queries related to its services.