Coinomi is a mobile wallet that allows you to send, buy and store a wide variety of cryptocurrencies. It’s one of the most used cryptocurrency wallets in the world due to its great characteristics. The project was founded in 2014 and is based in London.
The platform is free of charge. However, when you sell cryptocurrencies, you can be taxed with a small fee that goes to the specific miners.
Which cryptocurrencies can you store on Coinomi Wallet?
So, it’s easy and efficient to have an all-in platform.
Where can you get the Coinomi Wallet from?
How to get started
The process is very simple. After installing the Coinomi Wallet, just click on “Create New Wallet”. The interface will provide you with a recovery private phrase. Make sure you will not forget and share it with your friends. An advice is to write it on papers. It’s being generated only once.
Now, try to secure your wallet with a complicated password. After following all these steps, you will be asked to select the cryptocurrencies you prefer to work with and confirm the registration.
The Wallet’s Interface
The team behind the platform has invested a lot in the wallet’s design. You will be surprised to see how user-friendly the Coinomi’s interface is. The main dashboard provides the necessary details about the available cryptocurrencies, including your account balance and it allows you to see the transaction history.
In fewer words: the wallet interface is simple, clean and has a fresh design.
The Wallet’s Security
The platform keeps users’ private keys on users’ devices. The developers behind the wallet are taking care to manage the right backup of their personal information using the offline seeds. Each activity requires a password, such as buying and selling the cryptocurrencies or adding the new ones.
The Advantages of Coinomi Wallet
- It has a user-friendly interface;
- It’s strongly secured;
- It assures a high level of privacy;
- Processes are carried out quickly;
- It stores your private key on your personal device;
- In case your phone is being stolen, there is no way to access the wallet except with a password;
- Using the seed phrase, you can install the wallet to another phone device;
- It’s free of charge;
- It supports 93 coins, including Bitcoin, Ethereum, Dashcoin, Zcash, Dogecoin and others.
The Disadvantage of Coinomi Wallet
- The application doesn’t allow users to buy cryptocurrency directly with fiat money.
Coinomi is a mobile application that allow users to send, buy and store cryptocurrencies. It has a user-friendly interface and is simple to work with.