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Review on Coinomi by Janssen Suarez

Revainrating 5 out of 5

If you’re looking for a mobile wallet that’s fast, easy to use, and supports a…

If you’re looking for a mobile wallet that’s fast, easy to use, and supports a wide variety of altcoins, the Coinomi wallet is worth consideration. With Coinomi, you can start storing bitcoin, ether and other digital assets on your Android phone with just a few clicks.




Pros
  • Multi-coin & multi-asset: Native support for bitcoin and most major altcoins and tokens. Continuous integration of key altcoins and tokens. Highest levels of diligence are applied to coin selection and addition. Superb Security: Your private keys never leave your device. Strong wallet encryption and cryptography guarantee that your funds will remain safe under your ultimate control. Enhanced Privacy & Anonymity: No KYC bureaucracy to access your funds, no IP association, no identity linking, no transactions tracking. Our servers anonymize your requests by hiding your IP from prying eyes. Exchanges & Services Built-in: Convert between assets instantly from within the app, through our strategic partners ShapeShift and Changelly. Buy major cryptocurrencies using your Credit Card, through our partner Simplex. Privacy is assured, with transaction speeds better than industry norms. Native SegWit: Enjoy faster confirmations and lower fees for Bitcoin, Litecoin, and many other cryptocurrencies. Switch dynamically between Bech32, P2SH, and legacy modes. One-time Backup: Hierarchical Deterministic approach (BIP44) enables you to keep everything accessible and secure with just one super-passphrase which you only have to back-up once and for all. Streamlined UX: Advanced technology enables you to use your altcoins to pay directly to bitcoin addresses and vice versa. No extra steps, no endless sign-ups/ins. One-click cross-chain payments. Custom & Dynamic fees: Transaction fees are calculated dynamically, allowing you to get the best value for money at all times. Alternatively, you can set and use your own fees, in all supported coins. Lightweight & Community Driven: Top engineered, runs smoothly even in older, low-spec devices. Reduced power consumption and data usage. No need to download huge blockchain files locally. New features are constantly crowdsourced. Multilingual & HyperLocal: Support for 25 languages, with more constantly being added and updated through the help of the community. Cross-platform availability: Coinomi has evolved its mobile app to fully support both iOS and Android; and now with the recent addition of its desktop version, wallet access & control is even more convenient. 24/7 customer support: Hands on support with one of the best response time in the industry.
Cons
  • You can’t buy cryptocurrencies directly with fiat through the Coinomi app. At the beginning of 2018, Coinomi was only available for Android phones. Some of Coinomi’s code is accessible to the public as open source, but parts of it are kept private.

Comments (1)

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November 07, 2019
Hi Jansen, Thank you very much for your review! - Coinomi now has partnered with Simplex to allow users an easy and secure way to purchase crypto via credit/debit card with other partnerships coming soon. Coinomi is also now available on iOS/mac/Linux/Windows in addition to our android version. :)

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