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CoinJar Touch – Bitcoin Wallet Review

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CoinJar Touch – Bitcoin Wallet

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About CoinJar Exchange and Mobile Wallet

CoinJar is an Australian cryptocurrency exchange that facilitates the sending, receiving, and exchanging of cryptocurrencies. The exchange also offers a mobile wallet and merchant services. The mobile wallet is available for both Android and iOS platforms. However, it's worth noting that the wallet is closed source in terms of its code.

Supported Cryptocurrencies and Security

CoinJar's mobile wallet supports several cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple tokens. However, its security features are not considered optimal. Private keys are stored by CoinJar, which introduces a level of trust in the service. One notable advantage of CoinJar is its ability to enable users to purchase cryptocurrencies with Australian dollars and store them in the wallet. Additionally, users can trade between USD, EUR, and GBP within the platform.

Wallet Features

The wallet offers several features to enhance user convenience, such as the ability to view balances in various fiat currencies and Bitcoin. Users can send transactions to CoinJar usernames or cryptocurrency addresses. Security options include the use of TouchID and passphrases, as well as the option to enable two-factor authentication for added account security. However, it's important to mention that the wallet lacks hierarchical deterministic functionality and does not offer multi-signature capabilities.

User Feedback

CoinJar's mobile wallet has received mixed reviews from users. While it provides the advantage of trading with fiat currencies, some users have expressed concerns about its suboptimal security measures.

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Pros & Cons

  • Support for fiat currency
  • Option to enable TouchID and passphrases
  • Option to enable two-factor authentication
  • Does not employ hierarchical deterministic technology
  • Lacks multi-signature functionality

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