Review on Coinomi by Othere Obtentus
A mobile wallet that is designed to support a wide range of digital coins
Coinomi is an unregulated mobile crypto wallet with multiple coin support. Coinomi is one of the most popular wallet out there currently. It is one of the best wallet that provides privacy to its users while keeping their funds safe and secure. Its convenient and extensive features along with a large range of supported coins makes it an ideal choice for crypto enthusiasts.
The best thing about Coinomi wallet is that there are no wallet fees. Coinomi does not charge any fees and provide its services free of charge. Some charges will incur while making the transactions but that is the fees paid to the miners. Beside this, Coinomi wallet also provides features such as local storage for private keys, new address for each transaction to provide additional privacy and anonymity, and many more.
Though it is one of the most popular wallets, Coinomi wallet has some vulnerability concerns that may cause the loss of funds of its users. So I personally use other wallets which I feel to be more secure.
Pros
- High security features like IP masking
- Locally stores private keys
- Integrated with multiple exchanges for trading
- No fees
Cons
- Unregulated
- Not open source
- Being a mobile wallet it is vulnerable to malicious attacks
