Review on Coinomi by Adedayo Adeniji
Coinomi a crypto wallet with in-built exchange
I have found out while searching for viable crypto wallets that Coinomi is well known for its wallet that supports multicurrency in cryptocurrency community and it is based in UK. It is founded by George Kimionis in 2014, it supports the sending and receiving of hundreds of different coins. It is accessible on mobile and desktop apps
Coinomi has good security measures in place apart from a security breach which was exposed and rectified back in 2019, it does not allow third party interference as it stores on one’s device private keys which are backed up by strong cryptography to keep funds safe. It guards the privacy of users by not requesting identity linking and KYC. It does not track transaction and IP association.
Coinomi has an in-built exchange that is it allows trading without a need to visit exchange outside it. It supports credit card payment for purchasing of cryptocurrencies, it is support of a feature which ensure faster confirmation with lower transaction fees while transacting for some cryptocurrencies.
It has a user-friendly interface for both its desktop and mobile apps which makes it easy for both experienced and non-experienced users to explore it.
I conclusively submit that coinomi is a wallet with in built exchange advantage for users to enjoy and for anyone in search of wallet with exchange features, I recommend you try out coinomi.
Pros
- It has high security features
- It stores private keys on users’ mobile devices
- It is charges free
- It has an in-built exchange feature.
Cons
- It is not an open source wallet
- It has a known security breach.
