Review on CoinSpace by Joseph Bello
My little experience on Coinspace
I have been using coinspace for some months now. I had my fears with online wallets because of the stories I've been hearing about them but my perspective changed when i came across coin space thought after alot of research. So do the sake of those that knows nothing about coinspace, Coin space wallet is a hierarchical deterministic Bitcoin,litecoin,and Ethereum wallet that allows one to send and receive cryptocurrencies and control finances effectively. My experience on coin space has been a good one because it is easy to understand and use unlike some wallets that are quite hard to understand within a short period of time. Coinspace being a decentralized and simple wallet offers an advanced features along with security options. The wallet allows me to send and receive money within the cryptocurrency community. Coinspace has an intuitive interface that is easy to use, and has an elegant design thus making it more user friendly and eye catching. The interface allows users to den and receive funds and also to track users nearby. Coin space is a portable wallet and can be used on different platforms I such as windows,android and iOS. Coin space has a unique feature called BIP32 that allows me and other users to keep private keys and also allows me to backup and secure wallets. I don't really like Coinspace because when it comes to security it isn't the best choice because it does not support the 2 factor authentication process though it came up with an advanced security options to protect the accounts from theft, It came up with the option of changing the receiving address of the wallet whenever funds is received in the coinspace wallet thus preventing people from tracking the account. Coinspace is the best choice for transactions in the cryptocurrencies community.
Pros
- The wallet is encrypted and that makes it private and safe to use
- It is open source
- Users have complete control over their funds
- The wallet is portable and can be used on different platforms
- It is easy to access and use
- Transactions are private and secure
- The steps in converting currencies into fiat currencies are easy to understand
- QR codes are scanned quickly and easily
Cons
- Its security measures are low compared to other wallets
- It does not support multi signature usage
New products
Comments (1)
January 27, 2021
I'll specifically recommend this wallet for all...its so easy to understand and use... A trial will convince you. I know some people maybe skeptical but trust me I know such feelings
