Review on Coinomi by Sergio Daniel Delgado
Coinomi, one of the most...
Coinomi, one of the most widespread wallets within cryptocurrencies holders and which has achieved the highest reputation.
Coinomi support as a wallet is one of the largest in the entire market. They can work with up to 125 Blockchain networks and provides support for 382 tokens. Among the currencies they support Stablecoins, forks, coins with SegWitz, coins with masternodes and even exclusive currencies such as Canada eCoin, a unique currency for Canadians.
Although it doesn't work with FIAT currencies for the purchase and sale of Cryptocurrencies, the plataform does present support to show the prices of Cryptocurrencies in various FIAT currencies. This tool can be useful for us when we want to calculate the amounts I'm transfers with Cryptocurrencies from the wallet.
Updated 4 years ago
Rating changed from 4 to 5
Coinomi was the first digital wallet to use for some time, and in fact it is still the one I use the most today, this due to its excellent performance, a few months ago I did a review to this same wallet where it enhanced its characteristics, but today I have decided to update it because I consider it deserves a better score from me. Coinomi offers me a large number of cryptocurrencies and tokens to store safely, You also present me with different rates when I send my cryptocurrencies, this will depend on how quickly you want it to be done, This option helps me a lot, for example when sending Bitcoin I can choose to pay almost $ 5 for the transaction or $ 0.60, obviously the speed varies but in certain cases it is very useful. What I do limit myself to using is its Exchange section, since the minimums are a bit high, but I consider that it is not the fault of the wallet but of its associate, Another thing that I have noticed wrong is their customer service, since you have to exit the application to receive it, but in reality I have not had any problems using this option but it is still good to limit it. Anyway, I only came to improve my score for this Wallet since in more than 1 year using it I have not presented any problem and it is still my favorite.
Pros
- Being a hierarchically deterministic wallet, the wallet allows us to manage our funds while maintaining control of our recovery phrase and the private key of the wallet
Cons
- If you lose your access date to Coinomi you will not have ways to access and lose all the funds that you had stored inside the wallet
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Comments (1)
January 13, 2020
Hi Sergio, Thank you for the review, as you know the only thing needed to ensure you never lose your funds is your recovery phrase. Be sure to check your backup every so often to make sure it still exists and is correct :)
