Review on Coinomi by Danh Huỳnh Ngọc Công
Coinomi is good with a massive number of good functions
Coinomi is almost a perfect wallet product with very minor drawbacks and so many big advantages to talk about. If you want a wallet with superb security, a wide range of available blockchains, great customers service, cold stake, or seamless design, Coinomi is the best choice that will satisfy your needs. I think this will be on the top of my favorite wallet list
Updated 5 years ago
Rating has not been changed
Positive point: The wallet is active on many different social media channels to communicate and give the best support for the community
Pros
- - Registration is fast and simple if your are a careful person. It will ask you to record your seed phrases, so prepare some paper sheets or another device
- - Although published five years ago, Coinomi is trusted by million users around the world and has been acted as the one of the safest mobile wallet for digital assets. There is no single wallet that was hacked since its first appearance
- - Another point that makes Coinomi the favorite wallet for many people is that it pertains users privacy. The wallet does not require users to provide it with their personal and sensitive information. Additionally, Coinomi hides users IP addresses from other parties so there is no chance that the information of transactions of users can be tracked and recorded. The password and seed phrases for this app are used to access the digital assets so it is impossible for the hackers to hijack the wallet without having these
- - The number of blockchains supproted on Coinomi wallet is 125 blockchains and the number keeps growing. I appreciate their efforts to expend the usage of their product to serve a lot of users
- - Right on the wallet, Shapeshift and Changelly are integrated to help users swap their coins and tokens without using the exchanges
- - It also partnered with Binance Dex to bring the exchange into the wallet. This is just awesome that it is one among the very few exchanges having this feature
- - Coinomi let users buy cryptocurrencies via credit cards on their product using the technologies of Simplex
- - By giving users seed phrases, Coinomi help them recover the wallet on other phones by themselves
- - It also support the automatic and manual conversion the value of cryptocurrencies into fiat currencies
- - The user interface is simple and easy enough to use and beautiful enough to give a users very good impressions
- - Their support is available 24/7 so users can reach them any time if they have any problems with the wallet
- - It let users cold stake the assets and receive the rewards. Users may love this function very much as they don't have to spend a lot of money on energy to run the wallet 24/7
Cons
- - It does not support many DApps like other wallet, but I think they should as this feature is very good making the wallet become a small ecosystem
- - There are a lot of competitors right now who also have a huge number of active users and very good ways to incentivize them
- - The project is currently close-sourced so some people are afraid of its transparency
New products
Comments (4)
April 25, 2020
Coinomi also give its user opportunity to choose what they are going to pay as transaction fee. The more your fee the faster your transaction and vise versa
January 13, 2020
Wow you really get the most out of this digital wallet with the amount of positive things you've noticed in it
November 20, 2019
Thank you for your clarification @Brenny! You've got my support!
November 07, 2019
Hi Danh, Thank you very much for your review! Coinomi now has a Dapp browser integrated into the app to allow you easy and safe interaction with DApps whilst never leaving the wallet. (Android only for now). Coinomi was previously open-source but due to hundreds of clone apps being created from our code and using the Coinomi brand to steal from users, we decided to closed-source our development as a way of helping protect users funds. :)
