Review on Coinomi by Francis D.
Coinomi: First-loved wallet by most crypto enthusiasts
If you want a wallet that has tested through the test of time, then Coinomi should have been in your list for a crypto wallet. It is a non-custodial wallet wherein you are in full-control of your assets. I love it because you could easily see how to backup a certain asset like its passphrase or 12 word keys in order to access it depending on the algorithm of a coin or token you are dealing with. Hence, there will be convenience on the user's part especially if that person is new to crypto.
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What I also liked is their customer support that is so attentive on how things work in Coinomi. You may also leave your assets in there staking and earn from the returns of a normal staking without the need for any technical steps. With just a few taps on your mobile phone and you are good to go.
With their Simplex integration, you could also buy crypto on their platform for quicker transaction without going anymore to your other crypto peer-to-peer tellers.
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Until now, you won't hear of any hacks or any exploits being done in the Coinomi app and Desktop app. Simply amazing. Keep it up for all Coinomi team! I only wished it had more interactions with DEFI platforms or an airdrop for its users for some governance tokens.
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Pros
- Versatility in platforms
- Continuous listing and innovation of crypto projects
- Secured and easy to use
- Cross-chained compatibility
Cons
- Not mostly used for DEFI but supports DEFI
- No governance token
- Importing private keys and accounts is tedious
