Review on CoinSpot by Olugbenga Ajayi
Coinspot is an easy to use wallet
Coinspot is a multicrypto wallet that was established by a coinspot exchange which is located in Melbourne, Australia. It support cryptocurrencies like BTC, ETH, LTC, dogecoin and Dash.
It is a centralised, hot walllet so all private key are kept with third party and this does not in any way guarantee privacy for users. If you are trader that prefer having control over your private keys, this wallet is not for you.
The wallet is easy to use with sleek interface and every major icon well positioned.
To enjoy transaction with coinpot wallet, user must get verified by providing necessary KYC data.
Pros
- It is a multicurrency wallet
- It secure fund with two factor authentication and other security features
- It is easy to use for newbies
- It support flat currency (AUD)
- Private keys are stored on wallet platform being a server side wallet
- Users can enjoy passive income from affiliate program
Cons
- Private keys stored on server can be a security threat as it can be hacked easily.
- Insists on KYC
