Review on Coinomi by James joseph
Coinomi wallet
When It comes to users having preference for choice of where they can store their crypto asset there are multiple available choice of wallet to choose from in the market, although making necessary review about any wallet before storing your fund is to be taken with maximum priority.
Coinomi wallet is considered to be one of the oldest wallet in crypto space today, dated since 2014 the wallet and it's team are proud of hack free service since it inception which I consider as a five star rating, one Important features users are to watch out for is security and Coinomi wallet got a high score in terms of security.
Coinomi is an HD wallet which means on each transaction a new address will be generated so as to prevent tracking of users transaction and address its also uses an extra large security feature of phrase seed which when stored on lossing phone one can easily restore wallet using his backed up phrase seed, it's also integrate IP address blockers so that hackers trying to access your wallet can be easily blocked.
Being a non custodial wallet allows users to control their fund without interference from the community team.
The wallet is available on multiple devices including mobiles and OS software Interestinly it accommodate multiple crypto coins and token users can also customize and add ERC20 token to the wallet which makes it an open source.
Like all wallet Coinomi is used for making basic transaction such as sending and receiving of asset it's also has DeFi application.
This wallet is recommended for use.
Pros
- Security features includes IP blocker, HD address generating, and seed phrase
- It's a non custodial wallet with open source features for users to customize and add new token
- It's backed by strong community
- Easy user interface compatible with OS and mobile application
Cons
- Coinnomi nothing for now
