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Review on CoinSpot by Praise Olagbadun

Revainrating 3 out of 5

My Review On The Coinspot Wallet

The cryptocurrency wallets comes in their different forms, with each one of them having a main focus. Most times, they focus on a nationality or on a specific feature. This tend to have their growth or the number of traders using their platform depending on this focus of theirs. An example of a wallet (which happens to be that wallet I would be reviewing) is the Coinspot wallet. As for this one, it has a focus on a specific nationality, Australia. This has been displayed by the fact that it is originated and even registered in Australia. The crypto wallet allows other users or citizens from other places to use their services, making their services available to not just Australians.
Being registered, the Coinspot wallet tends to be a trusted crypto wallet which have gained the trust of many traders around the world having the Australians as the major users of the crypto wallet. The crypto wallet has been able to strive in the blockchain network for more than 7 years now without any security breach or problem. They have been able to do this by implementing various security measures like the 2 Factor Authentication and this happens to be a very cool record. The crypto wallet accepts Fiats also like the Australian Dollars (AUD) in addition to a large number of cryptocurrencies and charges a really competitive fees for every transaction made. I don't really like their interface as I see it as a work of a learner in the decoration of interface, it really needs improvement in this area. I also find their KYC procedure stressful and virtually unnecessary. Their mobile applications are available on Android and iPhone operating systems.



Pros
  • They accept a nice range if cryptocurrencies
  • The crypto wallet accepts fiats like the Australian Dollars, AUD
  • They charge a really competitive fee
  • They make use of the 2 Factor Authentication for security
Cons
  • Their user interface really needs improvement
  • KYC procedure is very stressful, I hope they ease it off

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