Review on CoinSpace by Temitope Babatunde
Features Of Coinspace Wallet
Coinspace wallet was founded by Jonathan Speigner and has both web and mobile version, the mobile version includes Android and IOS. Using the wallet is super easy because it is very simple and not complicated.
It is open source which means that the company does not hold your key, this is worthy to take note of, because your password, and your phrase is not at their level it is a warning that you must secure your password very well because if lost they can not recover it for you.
To boost the wallet security, it has two factors authentication, which means each time you want to access your wallet a code will be send to you via SMS to confirm that you are the one doing the signing. It has bank level security.
Having any issues the customer support service is always prompt to help
In overall the coinspace wallet is among the one you can use with rest of mind.
Pros
- It support multi coins and all erc20 ans erc223 tokens.
- It allows for automatic synciatiom accross different devices, which means assuming you are not with your own device, once you can remember the key you can access your account through another device.
- The transaction is private, because after you must have received coin through an address, the address will destroy itself, thereby making it impossible to trace you.
- The wallet can be use for ICO since it can hold erc20 tokens
- It doesn't hold your key, even your data they have is encrypted.
- BIP32 system is following in the generation of deposit address, which means each time you want to deposit a new address will be generated.
- It is a free wallet to use.
Cons
- It doesn't support many coins, so if you are using you will still need to have another wallet.
- It is not cold wallet, so it is open to hackers.
- It doesn't support many languages
