Review on CoinSpace by Fanuel PORPORTY
CoinSpace, a wallet to store, send and receive your cryptocurrencies
CoinSpace is certainly not the best online wallet for Ethereum. However, it is a simple way to manage your ethers and bitcoin, bitcoin cash, litecoin, ripple or stellar on a single wallet. The wallet also supports the ERC20 and ERC223 tokens. Free and open-source, this wallet gives the user control over their private keys.
One of its big strengths is the CoinSpace user interface. It is very refined and perfectly suited to a user starting out looking for the basic functions of a wallet: Send, Receive, Exchange, Transaction history, Balance by token (BTC, BCH, ETH, etc.). CoinSpace is available in web or mobile version, on iOS or Android. The two interfaces are very clear and offer different colors depending on the currency selected in the tokens tab.
On mobile as on desktop, the interface is fluid and very simple to understand. We let ourselves be guided by the different tabs without ever having to search for information. CoinSpace aims to be secure by letting the user control their private keys and by protecting the connection to the wallet as much as possible. Private keys are created, encrypted and stored directly on your device without ever being communicated to servers or any third party. CoinSpace generates a BIP39 passphrase from the generation of your wallet to enhance its security. A 4-digit PIN code is also required to access the wallet.
Pros
- User control over their private key
- Simple and intuitive interface, ideal for a beginner
- Satisfactory security for a web wallet
- Good confidentiality
- QR codes very easy to scan
Cons
- Relatively low security
- No two-factor authentication
- Mixed reputation by reading app reviews
- Does not support multisig
