Review on Lumi Wallet by Olugbenga Ajayi
Lumi wallet is a great multicurrency wallet
Lumi wallet was launched in 2017 by Lumi technologies based in Hong Kong. It is a simple decentralized HD wallet. With Lumi wallet, no one has control over your asset except you the owner. The wallet initially can only be used with bitcoin but now it supports Ethereum, bitcoin cash and major tokens like erc-20.
I like using this wallet because of its inbuilt exchange. I use it for swapping my erc-20 token easily. The security offers are also very commendable and grants ease of use. Like I find the touch ID and facial authentication stuff a very convenient way to start a wallet.
I love the annonymity the wallet offers. It does not require any private information during the process of wallet creation.
Pros
- Lumi wallet uses many security features like face ID, touch ID, PIN code
- It is simple to create wallet. The process is as simple as downloading and installing the app. The user will input a pin code and write down 12 digit passphrase for backup
- It supports both Android and iOS.
- Can be used with desktop and mobile devices
- It supports major token like erc-20 and erc-721
- It is very suitable for newbies
- Users have control over the private keys
- It offers all privacy as it does not require any personal information during sign up
Cons
- It does not use 2FA
