Review on CoinPayments Wallet by Gabriel Medina
Nice wallet but not reliable
There are many wallets that we can use from our browser. This is a comprehensive service that acts as a cryptocurrency wallet and also becomes a payment bridge to facilitate conversion. In short, it is one of the best known and popular virtual wallets worldwide. It supports more than sixty different virtual currencies. It is known for its low transaction fees and the ease of exchange of cryptocurrencies within the same wallet, therefore, it is one of the wallets that has been most used for the receipt of profits generated by the Internet. However, in 2017 they suffered a massive hack in their Ripple wallets where a large number of clients lost their funds, since then their valuation has dropped considerably. Therefore, there are many negative opinions and comments about it.
Overall, CoinPayments is one of the most popular but least reliable and safe wallets to use. The rates are relatively high but are kept within the market standards. Although it is not considered a total scam, it still has many errors that compromise the safety of users.
Pros
- Multiple utility services for different clients. Easy to use and nice application interface. Available for iOS and Android.
Cons
- High fees. We are not in full control of the funds. Many negative reviews and comments. Compromised security and suffered a massive hack, therefore, it is not recommended to use it.
