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Coinomi Wallet Review

0

Secure Wallet

0.0/10

Easy To Setup

0.0/10

Support

0.0/10

Pros

  • Hierarchical Deterministic
  • Social Support

Cons

  • Multi-Signature Not Support
  • Open Source Not Support
  • 2 Factor Authentication Not Support

Corporate and crypto is now a heady mix. Coinomi carefully synthesizes this dynamism & technical innovation. Operating its business in a creative, culturally inclusive way, it uses groundbreaking security science to help others maximise the benefits of the blockchain.

What Is Coinomi Wallet

Coinomi Wallet was launched in 2014 by blockchain technology experts with a proven track record in fintech, cryptocurrencies and entrepreneurship. They were united around the idea of creating secure solutions for blockchain applications. Coinomi now has users and employees all over the world.

As blockchain technology evolves, it seemingly becomes more complicated. Business becomes saturated with different applications and overwhelmed by theoretical jargon. At Coinomi, we are striving to become the world’s most pragmatic blockchain wallet,

A premium, single point of reference for interacting with all kinds of coins, tokens and decentralized applications (or dapps). Not just simple to understand, but easy-to-use and accessible to everyone.

Coinomi Wallet Key Details

KeyDetails
Vendor Name Coinomi Wallet
Supported Currency + 498 other coins
Wallet Features Hierarchical Deterministic
Platforms (Android ) (WEB) (IOS)
Validation Type SPV
Ease of UseEasy
Anonymity Medium
Wallet HQ LocationN/A
Listed At Altwow 23/07/2020
Official Wallet Website Click Here To Visit Wallet Website

How To Install Coinomi Wallet?

Coinomi Wallet Step 1

First Download Coinomi Wallet App From App Store For Example ( Google Play, Or Apple Store. You Get Official Download Wallet Link At Ethos Wallet Website.

Coinomi Step 2

Once You Successfully Installed Wallet.Than Start Creating Wallet By Filling Necessary Data Which Required By Wallet Like – Name , Email, Password Etc.

Coinomi Step 3

Download The Keystore File. This File Enable Or Allow You To Decrypt Your Wallet Just Alike Private Key Does, So If You Lose It Or Someone Gains Access To It, Your Coins Are Locked. Save This File On A USB Stick, Put It In A Ziploc Bag Or Waterproof Container, And Store It In A Safe Place .

Coinomi Step 4

Many Wallet Offer Private Key Features. If Kriptomat Offer Private Ket Features Than Follow This Guide – Snap “I Get, Proceed” And You Will See Your Private Key. Spare This Key By Printing Your Paper Wallet. Store This In A Safe Place For Example In Almira Or Any Zip Locker.

Coinomi Step 5

Once You Follow All Above Guidelines Than Your Wallet Successfully Setup. Now It Is Time To Store Coin.

Why Coinomi?

Coinomi is already trusted by millions of users. This is what makes it a popular choice:

The broadest range of crypto.

Coinomi is a security-first, multi-chain wallet for both mobile & desktop that provides native support and true ownership for more than 125 blockchains (the biggest number in the industry for non-custodial wallets) and thousands of tokens.

The highest level of trust.

Founded back in 2014, Coinomi is the oldest multi-chain wallet available, with millions of active users. Most importantly, no Coinomi wallet has ever been hacked or otherwise compromised to date.

The most versatile global app.

Coinomi Wallet is Seg-Wit enabled and offers 168 fiat currency representations, readable in 25 languages. All supported assets can be exchanged instantly from within the app via built-in exchanges.

Coinomi On Desktop

Desktop delight

A sight for sore eyes! The same wallet you know and trust on your mobile, now on your desktop or laptop computer.

Perfectly in-sync

Perfect harmony. Restore your mobile wallet and see all your transactions on your computer as well.

Strong security

Our desktop app uses the identical system logic used so successfully on our core mobile wallet.

Mood modes

Sitting in the office, or relaxing at home? Dark and Light modes are available to match your preference.

Coinomi Wallet :: Bitcoin Ethereum Altcoins Tokens

The blockchain wallet trusted by millions.

Securely store, manage, and exchange Bitcoin, Ethereum, and more than 1,770 Tokens and Altcoins. Native support for over 125 blockchains, including:

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Bitcoin SV, Litecoin, Binance Coin, Monero, Tron, Ethereum Classic, Dash, NEM, ZCash, Doge, Decred, Bitcoin Gold, Algorand, MonaCoin, Horizen, DigiByte, Komodo, Verge, ZCoin, Aion, Energi, Stratis, Syscoin, PIVX, Vertcoin, Groestlcoin, Einsteinium, NavCoin, SmartCash, Peercoin, LBRY Credits, Viacoin, Smileycoin and many more.

Download Coinomi Wallet

Superb Security: Your private keys never leave your device. Strong wallet encryption and cryptography guarantee that your funds will remain safe under your ultimate control.

Enhanced Privacy & Anonymity: No KYC bureaucracy, no IP association, no identity linking, no transactions tracking. Our servers anonymize your requests by hiding your IP from prying eyes.

Exchanges & Services Built-in: Convert between assets instantly, buy major cryptocurrencies using your Credit Card and quickly convert Crypto into gift cards for your favourite stores from within the app, through our strategic partners.

Native SegWit: Enjoy faster confirmations and lower fees for Bitcoin, Litecoin, and many other cryptocurrencies. Switch dynamically between Bech32, P2SH, and legacy modes.

One-time Backup: Hierarchical Deterministic approach (BIP44) enables you to keep everything accessible and secure with just one super-passphrase which you only have to back-up once and for all.

Multi-seed support: Store and manage multiple accounts in the same app, each with its own encryption settings for maximum convenience.

Custom & Dynamic fees: Transaction fees are calculated dynamically, allowing you to get the best value for money at all times. Alternatively, you can set and use your own fees, in all supported coins.

UXTO Control: Dusting attacks protection and Do-Not-Spend flags. Choose like-type change addresses to reduce transaction linking.

How To Secure Your Coinomi Wallet?

There Are A Number Of Ways To Keep The “Bad Guys” Away From Coinomi Wallet . And Although Cryptocurrency, As A Technology, Has Increased Anonymity And Encryption, The Devices On Which These Funds Are Stored (Phone, Pc, Tablet) Are Much More Susceptible To Hacking. Below Are A Number Of Simple Tips That Can Improve The Security Of Your “Crypto Wallet”.

Step 1 : Store Your Token Pocket Wallet Private Keys Offline: Print Them Out On Paper

The “Hunt” For Your Data Does Not Stop For A Minute, Regardless Of What Gadget You Use, Or What Network You Are Connected To. A Good Idea To Solve Some Of The Problems Associated With The Possibility Of Theft Of Personal Data Is Printed On Paper Keys For The Wallet — A Variant Of Replacing The Software “Assistant”. In This Case, You Will Only Need Paper And A Printer — No Additional Devices Or Gadgets. The Output Will Be A Kind Of Offline Wallet, Represented By A Pair Of Printed Keys. Some Enthusiasts Refer To This Approach As “Cold Wallets”, Because In The End, The Storage Process Takes Place Offline.Paper Wallets Are In Regular Demand, And You Can Test Their Functionality Yourself:

The Main Difference: The Creation Of Unique Addresses And Keys Through The Use Of Client-side Js Scripts. In Other Words, Keys Are Created Immediately On Your Pc, Without Requiring Data Transfer Over The Internet. And To Make This Process More Fun, The Developers Suggest That You Move The Mouse And Fill In Text Fields, Thus Obtaining Unique Data For Generating The Necessary Tools.

Step 2 : Setup Second Step Verification

Two-factor Authentication Requires The User To Enter An Additional Code From Another Source – Such As A Text Message Or Email. However, The Most Common Method Is Through The Google Authenticator App. Just Install It On Your Phone And It Will Generate A New 6-digit Access Code To Log In To Your Wallet Or Make Transfers.

We Recommend Using Only Those Web Wallets That Do Not Support Two-factor Verification. In Particular, The Coinomi Wallet Offers To Activate 2fa Already At The Registration Stage.

Step 3 : Create A Strong Password For Your Coinomi Wallet

If You Decide To Use A Web Wallet, Which Is Recommended Only For Small Transactions, Always Make Sure That Your Password Is Secure. Never Enter Your Date Of Birth Or Credit Card Pin As Your Password. Use Alphanumeric Combinations, Combine Cases, Use Underscores, And So On. But It’s Best To Use An Strong Online Password Maker Website.

Step 4 : Learn To Recognize Phishing Sites

Phishing Sites And Apps Mimic The Design Of Popular Crypto Wallets In The Smallest Detail — Only The Page Address Is Slightly Different. Before Entering Your Private Key Or Secret Phrase In Your Wallet, Make Sure That The Page Address Is Correct.

The Chrome Store Library Is Known For Its Abundance Of Phishing Extensions, Especially For Cold Wallets Like Ledger. Although Google Removes Dozens Of Such Fraudulent Products Every Month, New Ones Are Coming In Their Place. In March 2020, Fraudsters Stole More Than $ 250,000 In Ripple Coins From Their Wallets Using A Fake Extension, And In June 2020, Crypto Podcast Host Eric Savix Lost All Of His 12 Bitcoins By Entering A Secret Phrase In A Phishing Extension For Ledger.

Step 5 : Don’t Click On Links In Emails

Phishers Often Send Emails From An Address That Is Almost Identical To The Real Address Of The Wallet Support Service. For Example, If You Use A XYZ Wallet From xyz.cxom Then You May Receive An Email From A Fake Address Like [email protected] Instead Of The Present [email protected] These Emails Try To Scare The User Or Create The Illusion Of Urgency — For Example, You Will Be Informed That Your Account Has Been Hacked/Blocked And That You Need To Update Your Security, Change Your Password, And So On. The Link Leads To A Fraudulent Page That Will Either Steal Any Data You Enter Or Install A Virus On Your Device.

This Also Applies To Ads Above Google Search Results That Often Advertise Phishing Pages. Here Is An Example – Note The Difference In Just One Letter Between A Real Address And A Fraudulent One:

Step 6 : Install Or Use Trusted Antivirus

The First Thing You Should Do After Installing A Coinomi Wallet Is Install A Reliable Antivirus And Update It. Most Cyber Attacks Attempt To Send Important Information From Your Computer, You Should Make Sure That Your Pc Or Mobile Is Protected From A Virus Threat. Regularly Update Your Antivirus To Minimize The Risks Associated With The Appearance Of New Virus Threats That The Old Version Did Not Protect Against.

Step 7 : Never Disclose Your Private Keys

Private Keys Are Intended Exclusively For You. You Should Not Disclose Them For Transactions Or Cryptocurrency Purchases

Final Thought

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