Coin Wallet: keys, security, fees and reviews
Software wallet
Status update
- Phishing alert (3 Sep 2026)
- Coin Wallet warned of a steady stream of phishing emails since early 2025 telling users to 'upgrade' to a smart wallet on a lookalike site that asks for the 12-word recovery phrase. It says no upgrade, migration or verification ever requires the phrase. source ↗
As of 1 November 2026, from the company’s own announcements unless stated otherwise.
In short
- Key control
- Self-custodial: private keys are generated and stored on the user's device; Coinspace LLC never takes custody of funds and there is no account.
- Fees
- Wallet (sends): Bitcoin sends: network fee + 0.5% (min. USD 0.30, max. USD 100) + 0.0000192 BTC; similar 0.5% fees on several other chains.
- Risks and caveats
- Phishing emails impersonating Coin Wallet ask users to enter their recovery phrase on lookalike sites; no upgrade ever requires the phrase.
- Checked
- 1 November 2026
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Key facts
- Wallet type
- Software wallet
- Who holds the keys
- the user (self-custody)
- Developer
- CoinSpace
- Platforms
- web, iOS, Android, desktop
- Open source
- yes
- Official site
- coin.space
Key facts checked on 1 November 2026 against official sources.
What is Coin Wallet
Coin Wallet is an open-source, self-custodial multi-currency wallet by Coinspace LLC, available since 2015 on iOS, Android, macOS, Windows, Linux, the web and Tor, supporting thousands of tokens across 23 blockchains.
Who holds the keys
| Parameter | Details |
|---|---|
| Key control | Self-custodial: private keys are generated and stored on the user's device; Coinspace LLC never takes custody of funds and there is no account. |
| Account model | No verification for the wallet; KYC applies only to the optional crypto cards, done by card issuer 1GOGH. |
Features and supported networks
| Parameter | Details |
|---|---|
| Platforms | iPhone, iPad and Android; macOS, Windows and Linux; web wallet and Tor wallet. |
| Supported networks | Thousands of cryptocurrencies across 23 blockchains. |
| Hardware wallet support | Bring-your-own FIDO-certified security keys (YubiKey, Google Titan, SoloKeys, Nitrokey, Token2, Feitian, Thetis). |
| Swaps | Swaps through third-party providers (Changelly, ChangeNOW, ChangeHero) that may require AML/KYC. |
Security and audits
- Open-source clients on GitHub under the MIT licence.
- Private keys are generated and stored on the user's device; FIDO security keys can be added.
- GitHub shows no security policy and no published security advisories for the main repository (1 November 2026).
Security incidents
| Date | What happened | Source |
|---|---|---|
| 3 September 2026 | Phishing: Coin Wallet warned of a steady stream of phishing emails since early 2025 telling users to 'upgrade' to a smart wallet on a lookalike site that asks for the 12-word recovery phrase. It says no upgrade, migration or verification ever requires the phrase. | coin.space |
Fees
| Parameter | Details |
|---|---|
| Wallet (sends) | Bitcoin sends: network fee + 0.5% (min. USD 0.30, max. USD 100) + 0.0000192 BTC; similar 0.5% fees on several other chains. |
| Wallet | No deposit fees; sends on Ethereum, ERC-20 and other EVM chains pay the network fee only. |
History
| Date | Event |
|---|---|
| 2015 | Coin Wallet founded. |
| 6 October 2026 | Coin Wallet told users that swap partner LetsExchange had closed; LetsExchange support runs to 30 November 2026. |
| 16 October 2026 | Coin Wallet introduced AURUM and AZURE virtual Mastercards, issued by partner 1GOGH. |
| 20 October 2026 | Version 6.31.0 released. |
Risks and caveats
- Phishing emails impersonating Coin Wallet ask users to enter their recovery phrase on lookalike sites; no upgrade ever requires the phrase.
- Swaps and cards run through third parties that may require AML/KYC; one swap partner (LetsExchange) closed in October 2026.
- The crypto cards are in beta; fees and limits can still change.
About the developer
- Developer
- Coinspace LLC
- Headquarters
- 6470 E Johns Xing Ste 160, Johns Creek, GA 30097, United States (Google Play developer address)
- Founded
- 2015
Official links
- Website: coin.space
- Download: apps.apple.com/us/app/coin-wallet-btc-crypto/id980719434
- Download: play.google.com/store/apps/details?id=com.coinspace.app
- Source code: github.com/CoinSpace/CoinSpace
- Security: coin.space/trust-and-security
- Blog: coin.space/blog
Questions and answers
Is Coin Wallet self-custodial?
Yes. Private keys are generated and stored on your device, Coinspace LLC never takes custody of funds, and there is no account.
Is Coin Wallet open source?
Yes. The wallet clients are on GitHub under the MIT licence.
Does Coin Wallet charge fees?
There are no deposit fees; some chains pay only the network fee, while Bitcoin and several other chains add 0.5% (Bitcoin: min. USD 0.30, max. USD 100) plus a small fixed amount.
Who makes Coin Wallet?
Coinspace LLC, a US company in Johns Creek, Georgia, building the wallet since 2015.
Is the Coin Wallet 'smart wallet upgrade' email real?
No. Coin Wallet warns these are phishing emails; no upgrade, migration or verification ever requires your recovery phrase.
Sources
- play.google.com
- github.com
- Coin Wallet — coin.space
- Coin Wallet — About
- Coin Wallet — Trust & Security
- Coin Wallet — All About Fees
- Coin Wallet — Terms of Service (last updated 18 August 2026)
- Coin Wallet Blog — RSS
- Coin Wallet Blog — Our Partner LetsExchange Closed (5 October 2026)
- Coin Wallet Blog — Welcome to Coin Wallet Crypto Cards (15 October 2026)
- Coin Wallet Blog — Security Alert: The Smart Wallet Upgrade Scam (3 September 2026)
- GitHub — CoinSpace/CoinSpace LICENSE (MIT)
- GitHub — release v6.31.0 (20 October 2026)
- GitHub — CoinSpace/CoinSpace security overview
- App Store — Coin Wallet (seller Coinspace LLC)
- Google Play — Coin Wallet (developer Coinspace LLC)
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