1 Level
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Review on Coinomi by Roger Sandoval
Complete Review of Coinomi Wallet.
Coinomi wallet is the only one wallet that supports more than 125 blockchain coins and 1500+ coins and tokens. Coinomi wallet is great wallet for daily usage. I personally use coinomi wallet and i will no face any major problem in coinomi wallet. Coinomi wallet is very secure wallet for mobile and PC user.
Coinomi wallet provides many different features to users like in-built crypto exchange where user can securely exchange their coins and tokens without transferring their funds to any third party exchange.
Coinomi wallet has a main feature that is anonymity because coinomi wallet is fully decentralized wallet and no KYC required to access your funds. Coinomi wallet does not track your IP address and transactions. Coinomi wallet gives 24 words backup seed and you need to store these seed/privatekey very securely because coinomi does not have backup of your seeds.
Coinomi wallet is great wallet for mobile but PC haves some drawbacks like PC version of coinomi does not support any tokens and most of cryptocurrencies are ERC20 now in market.
Overall, all funds that you store in coinomi is in your hands, coinomi does not have access of your private keys or seeds. so, if you lost your keys then recovering your wallet is impossible. and Coinomi is not as secure as hardware wallets.
Comment your thoughts about Coinomi and write if any point i miss in this review. 👍🏻
Updated 5 years ago
Rating has not been changed
In the new updates of coinomi wallet, Now PC version of Coinomi wallet supports ( Not All ) Some selected ERC20 tokens. Maybe on next updates it supports all erc20 tokens.
Pros
- Coinomi is one of the secure and powerful wallet for mobile and pc devices. Still no-one complained about its security.
- Coinomi is only one wallet that supports more than 125 blockchain coins and 1500+ ethereum based ERC20 tokens.
- Coinomi wallet is very anonymous wallet because it does not track IP address and identity linking.
- You can trade or exchange your coins or tokens by its in-built exchange feature.
- You can manage all of your coins with just one seed by coinomi wallet and create multiple adresses on 1 seed.
- Coinomi wallet has user-friendly interface and any new user can use it very easily.
Cons
- Coinomi doesn't support buy cryptocurrency with fiat or credit/debit cards feature.
- Recently some codes of coinomi wallet are accessible to public but some of them are private.
- Coinomi wallet is hot wallet and storing all funds on hot wallet is very risky and coinomi is not secure as hardware wallets.
- Coinomi wallet PC version does not supports any tokens. its only supports blockchain coins. ( maybe it comes in future updates )
New products
Comments (3)
December 29, 2019
Easy big wallet ... in a way it is my favorite and the option to buy gift cards through the app
November 07, 2019
Hi Roger, Thank you for your review! Coinomi is partnered with Simplex to allow users to easily purchase crypto with their credit/debit cards with other partners coming in the future. Our PC version recently received an update that now allows manually adding of ETH tokens which are not already in the +tokens list. Coinomi became a closed source wallet ~2years ago since there was hundreds of clone wallets being created which were intent on stealing from users whilst posing to be Coinomi.
