Coinomi Review: Fees, Coins, Security Compared 2023
Bitcoin Trading Verified
Supports all popular blockchains
IOS, Android, desktop
Encryption and cryptography of the wallet will protect your funds, allowing you to always keep them under control
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.
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.
Type of Wallet
English, German, French, Spanish, Chinese
Only Gas Fees (Network Fees)
Is Coinomi Legit and Safe?
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:
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
The wallet is completely free. You just pay the network fees (which are designed for miners).
Coinomi supports more than 60 coins. Among them are Bitcoin, Ethereum, Cardano and many others
Coinomi does not support the staking function at this time.
Coinomi has integrated cryptocurrency exchanges such as ShapeShift, Changelly, and Binance. This makes it more convenient to exchange coins.
Coinomi has excellent security according to the developers. They use the most advanced security measures.
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
Ethereum and others
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
We have analyzed key features of Coinomi based on 3 important criteria for choosing crypto wallet:
- Number of coins
Based on researches and our own tests, we have made an independent rating.
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.