Review on Coffee Wallet by Praise Olagbadun
Review On Coffee Wallet
The crypto wallet is a mobile wallet where some traders store their cryptocurrencies, purchase of these cryptocurrencies is also possible using this mobile wallet. These type of wallets come in their numbers and are available for usage either on the web or using their mobile applications. Today, I would be reviewing a crypto wallet that I got to love due to the fact that they have made security a priority. Security of users funds should be made a priority because most traders (if not all) would prefer having their funds in a secured place and pay more than to have their funds in a less secured place but pay less. Myself in particular love security because I just can't imagine storing my cryptocurrencies in a wallet only to discover after a while that my funds have been stolen either by a hacker or something else. I guess this is what the founders of the Coffee wallet thought of before coming up with the idea of establishing it.
The name sounds a bit humorous to me and I guess that was among the things that got me interested in the mobile wallet and prompt mego check their services out. The mobile wallet is accessible via the web and they also have their mobile applications available for both Android and iPhone devices. As for the security measures that this wallet has put in place, they seem to be numerous and makes it almost impossible for the wallet to get hacked. First, the Coffee wallet is a Hierarchical Deterministic (HD) wallet. The 2 Factor Authentication is not also left out of it, although this is not compulsory and I guess they made it so for convenience. They also leave the private keys of their users in the possession of these users. This would help in proving their sincerity as to not having anything to do with their users privacy or assets. They also makes use of fingerprints and face unlock to help protect the users assets on the mobile applications. The wallet also seem to have other features aside security features which also makes it useable to many traders. One of which is the numerous coins they accept. The fact that the Coffee wallet accepts many cryptocurrencies like Bitcoin, Ethereum and many others makes it a place to buy and sell most of the cryptos traders would love to trade. It also exposes these traders to some new cryptos they have never known before encountering this wallet.
Pros
- The mobile wallet seems to had put security first with the numerous security features they possess
- They have their mobile applications available for both Android and iPhone operating systems users
- They support a wide range of cryptocurrencies
- The mobile wallet is centralized
Cons
- None for now
