Review on CoinPayments Wallet by LUIS RIVERO R
In conclusion Coinpayments It is a multibilletera that allows you to use and…
In conclusion Coinpayments It is a multibilletera that allows you to use and save crypto-tones (which I do not recommend) even to trade quickly within your ecosisema, what I would recommend is to use this wallet with prudence and only to have in a monentany way some assets but under no Circumstance to safeguard cryptocurrencies since their security has been affected several times. If you have a store and you are going to use its services, I would recommend at the end of the day to pass those assets to a safe place, since it is really easy and practical to use when real-world purchases and sales are made out of the internet.
Updated 5 years ago
Rating changed from 2 to 1
Currently added personal verification to be able to make most transactions. At the time of making some change or some general utility of the wallet, it sends you directly to verify the identity.
Centralized platform, and without possibility for users to opt for private keys.
At this time there are better alternatives to make or receive quick payments, adapted to the current market.
I do not recommend this wallet because it is not adapted to the new needs of the users. It is slow, with a simple, unsafe and centralized interface. Despite having a large list of available assets this is limited by those included by the owners.
Use with caution.
Pros
- It has a great diversity of cryptocurrencies from different platforms which makes it possible to receive payments from almost any cryptocurrency that is well known, its registration and verification process is very simple, you can change from one cryptocurrency to another internally without need to go to others, to receive or send funds is simple the process of creating a wallet considering that it is very intuitive. It is available for android and iphone cell phones. Like other cryptocurrency platforms, it offers attractive referral programs. has an internal utility token that according to the official information can be used to pay the costs per transaction
Cons
- The problems would be, its questioned security since some time ago it was hacked and many users lost their funds. in particular I do not like the withdrawal process is somewhat slow and the commissions are somewhat murky, on their page say they do not charge but according to the calculations I do if they do and somewhat high. Literally, when you enter assets into your wallet, they stop belonging to you because you do not have control over the private keys or directly from each of the wallets. I basically do not like this wallet and I use it in necessary cases since it has shown many security and use problems, the interface is a bit simple and does not attract attention. One of the things that do not tell you by any side is that if you have ethernet tokens you must have ether to be able to remove them, that is to say the commissions do not charge them for token but you must have ether to be able to withdraw, which is not pleasant is that by no means they warn you that. it is somewhat complicated to recommend for a use beyond that I practice.
