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Coinomi Multicurrency Wallet c Review

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Coinomi Multicurrency Wallet c

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About Coinomi Wallet

Coinomi is a hierarchical deterministic mobile wallet known for its extensive support of various cryptocurrencies. With a strong emphasis on security and a remarkable track record of never being hacked, Coinomi has been serving users since 2014 and boasts millions of users worldwide. The wallet is accessible in 25 languages, making it inclusive and user-friendly.

Security and Private Key Control

Users enjoy full control over their private keys, which are securely stored on their own devices. Coinomi's support extends to nearly all major cryptocurrency projects, and the team continually strives to add support for more significant altcoins.

Partnership with ShapeShift

Coinomi has a strategic partnership with ShapeShift, leveraging atomic swap technology to enable in-wallet conversion of cryptocurrencies. This integration enhances the wallet's functionality and convenience for users seeking seamless cryptocurrency exchanges.

Wallet Details and Limitations

However, it's important to note that Coinomi is not an open-source wallet, and it lacks both multi-signature functionality and the option for users to enable two-factor authentication for added security.

Backup and Support

In the event of device loss, users are provided with a backup phrase to restore their wallets and funds. Coinomi also offers 24/7 customer support and enjoys favorable reviews within the online cryptocurrency community.


One limitation to consider is that Coinomi does not support fiat currencies, which may be a drawback for users looking for fiat integration.

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Pros & Cons

  • Extensive support for a wide variety of cryptocurrencies
  • Facilitates cryptocurrency exchanges within the wallet through a partnership with ShapeShift
  • Users maintain control over their private keys
  • Operates with a hierarchical deterministic structure
  • Offers 24/7 customer support
  • Receives strong reviews from the online cryptocurrency community
  • Does not support fiat currencies
  • Lacks multi-signature functionality
  • No option for users to enable two-factor authentication

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