Review on Coinomi by Ayu Anggraini
What you need to know about Coinomi
Coinomi wallet. Talking about coinomi wallet, is actually an easy to use wallet. Coinomi can support many cryptos including erc20 and you can directly buy crypto in applications that act like instant exchange. Coinomi currently has millions of users and supports more than 1770 other blockchain assets. According to coinomi claim, no Coinomi wallet has ever been hacked but there is a report of a user named Waridh Al Maawali claiming to lose more than $ 60,000- $ 70,000 of the crypto currency he deposited in Coinomi. He stated that when a user gets a passphrase and enters it, coinomi takes user input in the passphrase text box and sends it to the GOOGLE API spellcheck service where all their user passwords are leaked via HTTP during the setup / setup process and allows hackers to get a passphrase due to hackers or attackers can see
Coinomi passphrase application. In my opinion, for crypto currency users it is not wise to deposit a large amount of money in an online wallet and leave it for a long time and avoid using coinomi. This matter has been viral and become a warm topic in 2019 but coinomi did not want to give a response about his funds and the accident. In my opinion when the passphrase is not safely stored it is mean someone else has control over the funds. So until later if coinomi did not improve the security system, i am scared the bigger accident will occur in the future.
Pros
- Very popular among crypto enthusiast
- One of the most completed crypto wallet
Cons
- It is not safe to use.
- Security vulnerability
