COINOMI WALLET

in hive-183397 •  2 years ago 

pexels-morthy-jameson-9577242.jpg

source

Coinomi is a wallet that was launched back in 2014 and it seems still going strong although the UI is quite dated compared to other wallets. Coinomi wallet has some interesting things like its asset support, there is about 1,100 asset support of several different chains. You can check its asset page to see how many coins and tokens you can send to the wallet. Coinomi also has the option to send NFTs although much like Coinbase and other wallets, the is only an Ethereum-based NFTs. Speaking about it security of the wallet, the only exploit I have heard of is the poor handling of seed phrases back in 2019.

The TLDR is when users set up a previous wallet, their seed phrase was accidentally sent to Google API and this allows someone to asset the wallet. Coinomi has most of the same features as many other mobile wallets. For instance, it has the option to buy crypto with fiat using Simplex with the card. It has high fees but it is convenient. There is also a non-custodial cross-chain exchange that allows you to swap coins on different coins. You also have the DEX feature although, unlike those other wallets that have been discussed previously.


This is not native to Coinomi but it will connect you power swap aggregator. Paraswap will show all of the available DEXs that are available out there where you can swap ETH tokens. Speaking of the DEFI functionality within the app, you can launch apps. Something unique to Coinomi is the ability to buy gift cards with crypto in the app. These include things like delivery apps, grocery stores, Cinemas, toy stores, coffee shops, and so on. The benefit of this is that you can use crypto to buy items from merchants who would not otherwise use it.


In terms of in-app support, they say have live chat support but that is true because if you test it, your query will wait for several days. Coinomi mobile app is available on the Itune store and Google play store and it has a good rating. You also have a desktop wallet that you can connect to via your phone. Coinomi has been around for a while, it is a bit dated but it does what it says.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

There's so much interesting about this app

You have written well. I appreciate your work