Hotcoin crypto wallet project evolution into multifunctional crypto platform EXBASE.IO

Aug 30, 2019 | EXBASE.IO Product
Hotcoin crypto wallet project evolution into multifunctional crypto platform EXBASE.IO

We are happy to announce that on August 28, 2018, Hotcoin OU and Digital Age Group Limited signed a partnership agreement on the joint development of the new multi-functional crypto platform EXBASE.IO.

The new platform will offer users a wide range of options for managing personal finances and investing using cryptocurrencies. The platform will implement the functionality of a secure cryptocurrency wallet, exchange operations, cryptocurrency purchase and sale operations, new DeFi services (Decentralized Finance), as well as new service offers that will be announced in the future, will be available.

For corporate clients, the new platform will offer a range of cryptocurrency purchase and sale services for fiat funds, exchange, reception and payment of funds using cryptocurrencies, as well as a custody service (storage service).

New service will provide financial services around the world: make payments and transfers, store savings and investments, raise capital and transform existing financial mechanisms into digital ones. Initially, the EXBASE.IO service will work on the basis of the existing Hotcoin crypto wallet and will continue to service the existing client base in the normal mode. After some time the Hotcoin.io domain will be replaced by the Ebase.io domain, and users of the service will receive advanced functions.

After platform update, users will receive new features

We plan to actively develop the project and in the near future to offer our users a more comfortable platform with advanced features, as well as a number of new services.

Planned upcoming updates include:

  • New conceptual design update, improved interface quality;
  • Fiat balance integration;
  • Adding visual analysis tools Trading View;
  • Support for new fiat currencies, such as: RUB, USD, EUR;
  • Adding a bank card purchase function in more than 40 currencies;
  • Launch of EXBASE.IO mobile applications for iOS and Android;
  • Extension of methods for adding funds with fiat balances using providers of digital money and bank accounts with support for SEPA and SWIFT transfers.

Totally new level of security

The updated EXBASE.IO platform will have a whole new level of security for user assets.

To protect their accounts from data theft and phishing, users will be able to use two-factor authentication.

To get full control over their crypto assets, users will be able to use the Master Password functionality which encrypts access keys to crypto assets using cryptography (256-bit key) and is known only to user. It guarantees complete control to our customers, and eliminates any attempts to steal assets through possible hacking systems, both internal and external.

EXBASE.IO today

Today EXBASE.IO is a cryptocurrency wallet supporting 4 cryptocurrencies:

  • Bitcoin;
  • Ethereum;
  • Litecoin;
  • Bitcoin Cash.

The following service features are available to all Exbase.io users:

  1. Creation of crypto wallets for storing BTC, ETH, LTC, BTH currency;
  2. Adding, sending and storage of digital money;
  3. Exchange and purchase of supported cryptocurrencies in a few clicks at exchange rates.

About the project

The basic Hotcoin project was launched in 2018 on the basis of the Hotcoin OU company. Obtaining licenses for the storage, purchase and sale of cryptocurrencies from the Estonian regulator allowed us to develop dynamically into the project in the BtoB segment by providing brokerage and cryptoprocessing payment services.

The EXBASE.IO platform will be further managed by two companies: Hotcoin OU and Digital Age Group Limited.

Digital Age Group Limited in accordance with the partnership agreement provides limited customer service until the user goes through KYC/AML procedures.

Hotcoin OU in accordance with the obtained licenses will exclusively provide services to users who have successfully completed the KYC/AML procedure, offering a much wider range of services.