Review on Coinjar Wallet by José A Rodríguez
Coinjar: Excellent Program but Low Cryptocurrency Acceptance
Coinjar is a wallet with a good program and a simple but necessary content. At least, the digital platform offers a nice and comfortable view of modern design. The company released this product to be an alternative for storing Bitcoin, but with time it became more useful and started storing more Altcoins. Nowadays, Coinjar is a multi-currency wallet that supports eight different altcoins. They are Bitcoin, Ethereum, Ripple, livecoin, Ox token, USD coin, the Basic Attention Token, and Maker Dai.
I think is important to mention all those tokens because most of them are offering singular benefits for storing and trading. Especially Ripple and the Basic Attention Token which is increasing their value. The possibilities of storing these tokens on a wallet of this kind offer customers wide possibilities. I also noticed this wallet was considerably updated. It is not like it was in the beginning. Now, the company provides more benefits and define their product as a complete wallet.
In some way, Coinjar is good because it is easy to set up, and it offers a good security frame. However, it is not the best product for storing tokens. First of all, its cryptocurrency coverage is still low. The company should implement more offers to bring other companies the opportunities to become partners and permit to store, convert and trade tokens on it. Secondly, there have been complaints about certain bugs and other system issues that are constant.
Coinjar's developer did a great effort to create the web page, they worked with great attention to every detail, but they must use the same model for the digital wallet.
In conclusion, I still recommend it as an alternative. It is better to have different devices to store and protect our tokens instead of having anything. The good thing is that the wallet is available for free, and common fees are low. The platform tries to look up for the lowest rates when sending funds.
Pros
- Globally available. The good thing of the page is that it offers the same benefits for a global audience as well as those costumers from USA, Australia, and zones of Europe.
- It offers great value for trading and converting tokens. It is helping certain Altcoins to achieve a better volume in the marketplace.
- Excellent Web-design. It offers a simple platform with minimalistic but concise details.
- It shows current statistics about cryptocurrency volume in the market. Many good features for choosing the wallet as an alternative for storing.
Cons
- Limited product. Less than ten global tokens are available to store on this wallet. There is no way of adding a new token as other wallets permit.
- It has presented many bugs and common system issues that affect the functioning of the entire product. Sometimes it takes a long time to be configured.
