Coinomi - mobile wallet
Coinomi is a cryptocurrency wallet with exchange functionality, that allows you to store multiple coins and tokens. Application is avalible on Android and iOS.
Coinomi (website) has all the basic features that you’d come to expect from a multi-coin wallet, including the integrated ShapeShift exchange, so you can exchange one coin for the other. It has no InstantSend functionality, so Dash users can be disappointed.
- Segwit - Yes
- multi-signature – No
- open source – Yes (Coinomi GutHub)
- 2 Factor Authentication – No
- supported coins: Bitcoin, Bitcoin Cash, Ethereum, Litecoin and much more
The user interface of Coinomi is simple and intuitive. The main screen displays informations, which can be enabled in the wallet’s settings, including balances in crypto as well as fiat, and a total balance for the wallet. Transaction history, are easily accessible as is exchanging coins.
Coinomi, like many other mobile wallets, stores private keys on the device, not on coinomi servers. This feature is cool, because you do not give private keys to third parties, but on the other hand you must be careful what apps you are installing. The best solution is to use the wallet on another phone.
What Happens If I Lose My Phone – Are My Coins Gone?
If a phone was stolen, a thief won’t be able to move funds from a Coinomi wallet or exchange currencies, unless he knows the password. At any time, can simply add their wallet to another phone by using the recovery seed.