CoinVault Overview

CoinVault is a web-based wallet that provides support for a wide range of cryptocurrencies, including over 20 different options, making its cryptocurrency support broader than many competitor wallets. CoinVault also plans to expand its cryptocurrency support in the future. However, it does not offer support for fiat currencies, and it is primarily designed for storing, receiving, and sending cryptocurrencies. Notably, it does not facilitate cryptocurrency exchanges between different coins.

Security Emphasis

CoinVault places a strong emphasis on security. Users' private keys are encrypted using AES 256-bit encryption and can only be accessed with the user's wallet password. Network communication is secured with SSL (Secure Sockets Layer) encryption.

Limitations

While CoinVault prioritizes security and multi-coin support, it does have certain limitations:

• Lacks multi-signature functionality
• The code is not open source
• No option for users to enable two-factor authentication

Beta Status

It's important to note that CoinVault is currently in beta, which means that some or all of its features are still in testing, and the product may not be 100% stable. Users are advised to exercise caution when using it, especially with larger amounts. Despite its beta status, CoinVault shows promise with its focus on important features like security and multi-coin support, and it may become a popular wallet choice as it continues to develop.