Review on Lumi Wallet by Özgün A
HD wallet
Lumi wallet is a blockchain-based wallet where you can store large numbers of cryptocurrencies.
Lumi wallet is very similar to the Jaxx wallet in terms of customization of transaction fees.
Registration for Lumi wallet is completely free. The mobile app is a bit problematic, I get occasional wi-fi connection errors. The mobile application should be fixed with updates. Connecting with customer representatives is simple.
In Lumi wallet, you can hide your transactions against third parties.
The most interesting and interesting feature of this wallet is HD (Hierarchical Deterministic Wallet). Thanks to the hd feature, new keys are created each time by forking from a single root key, and you can use them in different operations by taking a backup of these forked keys each time. We can compare this to this in our daily life. You want to shop online with your credit card, but you do not want to give your credit card information online. In such a case, you will have the opportunity to shop safely by creating a virtual card. Thus, you are provided with safe transactions.
Pros
- Security procedures top level
- Its interface is ideal for beginners
- When registering, it does not ask for your personal information.
Cons
- Mobile wallet is full of problems
