ShapeShift Releases Mobile App to Make Non-Custodial Crypto Easier
ShapeShift, a leading self-custody cryptocurrency exchange platform, recently released its mobile app, which allows users to buy, trade, and exchange cryptocurrency such as Bitcoin without requiring third-party to take custody of their public and private keys.
Why is this important? Most cryptocurrency exchanges are custodial, meaning they hold their users’ private keys, and therefore, their funds. For example, if the wallets of exchange such as Binance or Coinbase are hacked, in theory, the malicious hacker could access the users’ private keys and steal their funds.
ShapeShift is one of the few platforms that is non-custodial, meaning it allows users to exchange digital assets without having to put their private keys outside of their own control.
The new ShapeShift mobile app is designed to onboard new users into the cryptocurrency world without having to use a custodial solution.
“The ShapeShift crypto platform launched a year ago, bringing proper self-custody digital asset management to the masses,” comments 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 player in the cryptocurrency ecosystem since July 2014 and has championed the “be your own bank” ethos that attracts many cryptocurrency users into the ecosystem.
With the launch of its mobile app, ShapeShift continues to place itself at the forefront of beginner-oriented cryptocurrency usage.
Users can now buy Bitcoin with a credit (or debit) card, trade a variety of other popular digital assets, and transact with other users anywhere in the world, all while retaining full custody of their keys.
In April 2020, ShapeShift acquired Israeli crypto-startup Portis, a leading wallet solution for Ethereum-based “web3” applications. The team plans to use Portis to allow ShapeShift users to access leading DeFi services, all in one place.
For a limited time, you can get $3 in BTC after you download the ShapeShift app and verify your account. You can download ShapeShift’s mobile app on iOS and Android.
ShapeShift’s app is available immediately on iOS and Android, and is the easiest way to get started with digital currency.
You can learn more about ShapeShift here.
In a galaxy far far away, there exists a decentralized exchange that doesn’t cost an arm and…
Ethereum (Ether) launched mid-2015 but quickly surpassed the market cap of all other cryptocurrencies—except for Bitcoin. At…
Celsius recently celebrated a $1B in deposits milestones in crypto interest accounts, and Alex Mashinsky dropped knowledge...
In a galaxy far far away, there exists a decentralized exchange that doesn’t cost an arm and a leg to use… Osmosis is the most active decentralized exchange in the Cosmos ecosystem, and it enables tokens on “IBC-compatible” blockchains like Cosmos, Regen, Akash, and more to be swapped, with fees under $1.00. The Cosmos “Cosmoverse”…
ABOUT THE AUTHOR
ABOUT THE AUTHOR
Alex Moskov is the Founder and Editor-in-Chief of CoinCentral. Alex leans on his formal educational background (BSBA with a Major in Finance from the University of Florida) and his on-the-ground experiences with cryptocurrency starting in 2012. Alex works with cryptocurrency and blockchain-based companies on content strategy and business development. He privately consults entrepreneurs and venture capitalists on movements within the cryptocurrency industry.
His writing has been seen in The Hustle, VentureBeat, Yahoo Finance, Harvard Business Review, and Business Insider. His articles on CoinCentral have been cited on publications like Forbes, TechCrunch, Vice, The Guardian, Investopedia, The Motley Fool, Seeking Alpha, and more.
He also regrets not buying more Bitcoin back in 2012, just like you.
You can connect with Alex on Twitter.