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Coinomi crypto wallet allows you to store, transfer, exchange, sell and buy currency from any device in a few clicks. The multi-currency service reportedly allows transactions with 125+ blockchains.
List of supported coins
Coinomi is a universal wallet that supports over 507 digital assets. Among them there are both popular currencies and little-known, exotic options.
The short list of coins is as follows: Bitcoin; Litecoin; Ethereum; aoin; Aurora; balancer; Bancor; Bitcoin Cash; bitcoin gold BitcoinPlus; callisto; Dentacoin Dogecoin; IDEX; Monacoins Monero peercoin.
Exchange, sale and purchase of all currencies are possible in the options of your personal account. It is reported that additional exchangers do not need to be used.
How to use the Coinomi wallet
To start working with the wallet you need:
Download the application from the official website www.coinomi.com or download it from PlayMarket.
Select the "Create a new wallet" option.
Click "Create seed phrase".
Copy and save the generated seed phrase in a safe place (this must be done without a passphrase, you cannot restore the wallet and return the money stored on it). Enter it in a special form.
Create a strong password.
Select the main cryptocurrency.
Confirm acceptance of the terms of service.
At the top right is the settings button, technical support options, information about the program. To transfer money, there is a “Receive” tab, where activated accounts are located. It is enough to copy the account address, transfer it to the sender to complete the transaction. And in the "Send" tab, you can enter the details for the outgoing payment. For instant transfer of all money from account to account, there is an option "Send the entire amount".
The Coinomi app is convenient to use from mobile devices. The developers have removed minor options such as the Depth of Market, color charts, and decorative settings, which made it possible to make the program “light”, undemanding to the smartphone’s RAM.
Limits and fees Coinomi
Buying and selling limits are not specified on the Coinomi website.
The wallet has a dynamic commission. The cost of a transaction is determined by several criteria:
The amount of the transaction.
A queue in the mempool (the more operations in the execution mode, the smaller the percentage).
If the user does not agree with the specified commission, he can prescribe his fee amount by moving a little lower in the queue.
Coinomi developers claim the following advantages of a crypto wallet:
Multicurrency and access to almost all existing types of cryptocurrency.
Orientation to both computers and mobile devices.
Fast exchange transactions.
Possibility of anonymous storage and use of crypto money. All client data is encrypted.
Optimized internal conversion system. All operations are performed literally in one click.
Integration into the platform of exchangers, all currency transactions can be performed instantly without leaving your personal account.
Simple interface without unnecessary options and minor tools.
Maximum security and two-factor authentication system.
It is important to read the reviews about Coinomi before taking the word of the developers.
3 thoughts on “Coinomi Review”
Coinomi is not the best and not the worst wallet, but if you compare it with others, then it is inferior to many. The main plus could be called the support of just a huge number of cryptocurrencies. Only now it is unlikely that someone who decided to store them will need such an amount. Traders mostly work with altcoins, but they do not store them for a long time. Also, among the advantages, one can single out the absence of a commission. Some crypto wallets continue to milk users, while Coinomi is free. In addition to paying for the network transaction, of course.
The wallet has above average reliability (when compared to other wallets of this type), it has mostly standard security measures (private keys, etc.). But complete anonymity is observed, there is no identification, there is a hiding of the user’s address. When I used this wallet, I regularly changed cryptocurrencies right inside through ShapeShift. The cost of using the service is one of the most profitable. There are no commissions in it, except for paying the miners.
A time-tested reliable wallet for storing crypto of any kind. For me, the most important thing is reliability. Now, against the backdrop of the growth of a crowd of all kinds of crypto projects, it has grown like mushrooms after the rain, including wallets. How many of them scam – one can only guess. This wallet is already 6 years old, it has stood the test of time. I have never heard of any koinomi wallet being hacked. Plus, protection measures and anonymity: no need to verify, IP is masked, etc. Another advantage is multicurrency. There are enough wallets with support for 1-2 hundred coins, but to have more than 1.5 thousand of them, you still need to look. Of course, many do not need this, but I now want all coins to be supported. Suddenly I want to invest in some kind of cryptocurrency, then I don’t have to urgently look for a wallet on the side to store it. I have been using koinomi since 2015 when it first appeared on androids. But we have been waiting for the desktop version for 4 years. They only released it a couple of years ago. However, during this time I was already used to using a wallet on a smartphone, so the desktop version was not useful to me. Now users have a wide choice – even on a computer, even on a phone. And for all axes.