Coinomi Review: Fees, Coins, Security Compared 2022

Rating: 4.5/5

Bitcoin Trading Verified

Blockchain support:

Supports all popular blockchains

Compatibility:

IOS, Android, desktop

Storage type:

Encryption and cryptography of the wallet will protect your funds, allowing you to always keep them under control

Price:

Free

One might want to start investing in cryptocurrency for the long-term. The best thing you can do is set up a cryptocurrency wallet first. The selection of options can be overwhelming, so it is best for beginners to start with an easy to use encrypted and secure one. This article will provide you with an in-depth review of Coinomi, one of the best cryptocurrency wallet solutions on the market.

What Is Coinomi wallet?

Coinomi wallet is a wallet in which you can store various cryptocurrencies in one place, which is very useful for those who trade. It is developed by Coinomi Ltd, a company registered in the UK in 2014. It has offices in London, Athens, Valletta and Nicosia. Coinomi Ltd is managed by George Kimionis and John Jegoutanis.

Coinomi History

The Coinomi wallet can store more than 1,770 different assets, manage a portfolio and trade, and is used by millions of users. It became one of the best cryptocurrency storage options immediately after its launch in 2014, this multichain wallet has been under development since 2014. The first, almost working version of the wallet was released in 2015. It was first available only for the Android system, then for iOS and in 2019 a desktop version was created.

Coinomi Summary

Official website

https://www.coinomi.com/en/

Wallet name

Coinomi

Type of Wallet

Software Wallet

Coins Accepted

 100+

Native Token

No

Supported Countries

All

Languages

English, German, French, Spanish, Chinese

Charges

Only Gas Fees (Network Fees)

Mobile App

Yes

Is Coinomi Legit and Safe?

Coinomi Reviews

Coinomi user rating is 4.4, based on 717 user reviews. It's an excellent indicator of reliability.

How does it Work?

The Coinomi app works in the following ways:

  • The Coinomi Wallet has private key storage. This means that all of your private keys are stored on your device, not in the Coinomi system. Even if you lose access to the Coinomi system, you can use your private keys and get your coins back
  • The wallet is completely free
  • All transactions and conversions are done practically in one click

How to open your Coinomi Wallet account

Step 1 - Go to the official website and initiate the download

If you want to use your Coinomi wallet as a wallet, you need to download the Coinomi app to your device or use the desktop version of Coinomi. You can download the app for Android, iOS or Coinomi for Windows, macOS or Linux.

Step 2 - Installing security measures

Saving your security phrase and then confirming it before using the wallet. After that, you will need to create your own password and select a source currency. You will be able to add more currencies later.

Step 3 - Open the Coinomi wallet and add crypto

Coinomi Features

Fees

The wallet is completely free. You just pay the network fees (which are designed for miners).

Supported Assets

Coinomi supports more than 60 coins. Among them are Bitcoin, Ethereum, Cardano and many others

Stacking

Coinomi does not support the staking function at this time.

Exchanges

Coinomi has integrated cryptocurrency exchanges such as ShapeShift, Changelly, and Binance. This makes it more convenient to exchange coins.

Security

Coinomi has excellent security according to the developers. They use the most advanced security measures.

Support

Coinomi has a very detailed and thoroughly developed knowledge base where you can find the answer to almost every question. However, if your problem/question has not been described, you can contact Coinomi support via email by creating a ticket (request) with the detailed information provided.

Also, if you want to stay up to date with updates and news, follow Coinomi on Twitter and Facebook.

Advantages and disadvantages

Advantages

Disadvantages

  • All transactions and conversions are done practically in one click
  • Easy for Beginners
  • Lack of serious complaints during the very long existence of the project
  • Lots of supported coins
  • Simple application installation.
  • Multilingual user-friendly interface
  • No staking
  • No updated versions of the open source code for a long time

Alternatives

Header

Coinomi

MetaMask

TrustWallet

AlphaWallet

RATING

BLOCKCHAIN

SUPPORT

10+

60+

53

Ethereum and others

Conclusion

Coinomi Multi-currency Crypto Wallet is a convenient application for accumulating and storing virtual funds, as well as for fast digital money exchange transactions. This platform has gained popularity due to its impressive range of cryptocurrencies, ease of use and high reliability.

Few mobile wallets have such a variety of crypto-coins, despite the growing demand for such a service. Coinomi wallet is safe and convenient, it is definitely worth to try both for beginners and professionals.

Coinomi Review Summary 

86% Overall

We have analyzed key features of Coinomi based on 3 important criteria for choosing crypto wallet:

  • Trustworthy
  • Usability
  • Number of coins
    Based on researches and our own tests, we have made an independent rating.
87%
Trustworthy
86%
Usability
85%
Number of coins

FAQs

Is Coinomi legit?

Yes, sure. Coinomi is a cryptocurrency wallet that has been around for some time. It is one of the most popular and reliable wallets on the market. It is available on both Android and iOS devices.

Can you buy Bitcoin on Coinomi?

Yes, you can. It has a simple yet intuitive interface that makes it easy for beginners to use it to buy Bitcoin and other digital currencies.

Is Coinomi a good crypto wallet?

Coinomi is a multi-currency wallet that supports more than 100 altcoins. It has a clean interface, and it’s available for Android, iOS, Windows Phone and desktop.

Coinomi is a secure and reliable wallet for storing your crypto coins. It offers a lot of features for the novice user as well as the advanced trader. You can store any coin you want in it and use it to trade on any exchange platform with the same account.

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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