Coinomi Multi-Coin Wallet

[Nayana Patil]

Coinomi Wallet Features

1. Multiplatform: Coinomi began as an Android crypto wallet app. The iOS software was created shortly after. The Coinomi desktop software, compatible with the operating systems Windows, macOS, and Linux, was released in 2019.
2.  Inbuilt exchange: In order to provide its members with an all-round in-app exchange, Coinomi wallet partners with some of the leading exchanges. Main among them are Changelly and many other DEXs that promote the most affordable rates of crypto-to-crypto exchanges. 
3. Buy with a card via Simplex: You can purchase crypto in these in-app transactions and pay directly with your credit or debit card. The change is made possible by the integration of the wallet with the Simplex platform which facilitates conversions of fiat to crypto. 
4.  DApps browser: Coinomi easily integrates with any DApp browser allowing Coinomi app members to access some of the most popular decentralized apps and Web3 support without leaving the cryptocurrency wallet. 
5. Cold staking: Coinomi wallet not only lets you safely store your cryptocurrencies for a long time but also has a cold staking option allowing you to stack the coins in your wallet while offline and get rewarded. Investors are raising your earnings on eligible crypto coins as you can stake your digital assets while waiting for their value to increase. 

Coinomi Wallet Fees and Limits

Coinomi has zero fees for either incoming or outgoing transactions. Outgoing transactions on Coinomi attract mining fees. The mining fees are typically quite small. However, the fees may be higher at busy network periods. 

Transaction fees are completely customizable in Coinomi. Users are free to set their own transaction fees for all the assets that are supported.

 

Is Coinomi Wallet safe?

Coinomi stores your wallet’s private keys on your device. Strong encryption and cryptography safeguard your funds. For sensitive acts, such as withdrawals, you will also need to set a password and it is also part of the encryption of the recovery expression.

Coinomi is a very safe wallet because it gives you full control of your own private keys and offers outstanding overall encryption. You can also set up a seed passphrase, which not only gives you an additional layer of protection but also helps you to quickly restore your wallet to another device. The wallet is also open-source, which means the core code is open to the public and it has already been tested by countless users.

Source: CoinPedia