Review on Lumi Wallet by Fanuel PORPORTY
What is Lumi wallet?
Created in 2017, the Lumi wallet supports a wide range of cryptocurrencies including major coins, ERC-20 tokens as well as ERC-721 tokens.Lumi wallet is an easy-to-use crypto wallet that is just as suitable for newbies as it is for seasoned cryptocurrency users. In this Lumi wallet review, we will undertake an in-depth analysis of its key features and find out if it is the best wallet for you.
In April 2018, Lumi added Changelly to its platform, facilitating in-app crypto exchanges. ERC-721 tokens, such as Cryptokitties, are also based on Ethereum but are non-fungible, meaning that each individual token can have a different value. ERC-721 tokens are collectibles that Lumi wallet supports under its Lumi Collect feature. Lumi Collect is the first-of-its-kind app on mobile, allowing users to display and transact in all their crypto collectibles on a single platform. For some of these tokens, users can play games within the app while for others they can perform actions such as selling, gifting or even breeding.
Pros
- Uses open source code
- Has multiple layers of security including face and touch ID, PIN code, HD algorithms and 12-word mnemonic phrase
- First-of-a-kind wallet supporting collectible tokens (ERC-721) and in-app gaming
- Simple and intuitive design
- Integration with Changelly for exchange services
- Users can set transactions fees
Cons
- Supports a limited number of coins
