Coinomi Review

ultradmin December 23, 2022 3 min read

WEBSITE: https://www.coinomi.com/en/

About company:

Coinomi crypto wallet allows you to store, transfer, exchange, sell and buy currency from any device in a few clicks. The multi-currency service reportedly allows transactions with 125+ blockchains.
Coinomi
List of supported coins
Coinomi is a universal wallet that supports over 507 digital assets. Among them there are both popular currencies and little-known, exotic options.
The short list of coins is as follows: Bitcoin; Litecoin; Ethereum; aoin; Aurora; balancer; Bancor; Bitcoin Cash; bitcoin gold BitcoinPlus; callisto; Dentacoin Dogecoin; IDEX; Monacoins Monero peercoin.
Exchange, sale and purchase of all currencies are possible in the options of your personal account. It is reported that additional exchangers do not need to be used.
How to use the Coinomi wallet
To start working with the wallet you need:
Download the application from the official website www.coinomi.com or download it from PlayMarket.
Select the “Create a new wallet” option.
Click “Create seed phrase”.
Copy and save the generated seed phrase in a safe place (this must be done without a passphrase, you cannot restore the wallet and return the money stored on it). Enter it in a special form.
Create a strong password.
Select the main cryptocurrency.
Confirm acceptance of the terms of service.
At the top right is the settings button, technical support options, information about the program. To transfer money, there is a “Receive” tab, where activated accounts are located. It is enough to copy the account address, transfer it to the sender to complete the transaction. And in the “Send” tab, you can enter the details for the outgoing payment. For instant transfer of all money from account to account, there is an option “Send the entire amount”.
The Coinomi app is convenient to use from mobile devices. The developers have removed minor options such as the Depth of Market, color charts, and decorative settings, which made it possible to make the program “light”, undemanding to the smartphone’s RAM.
Limits and fees Coinomi
Buying and selling limits are not specified on the Coinomi website.
The wallet has a dynamic commission. The cost of a transaction is determined by several criteria:
The amount of the transaction.
Currency.
A queue in the mempool (the more operations in the execution mode, the smaller the percentage).
If the user does not agree with the specified commission, he can prescribe his fee amount by moving a little lower in the queue.
Conclusion
Coinomi developers claim the following advantages of a crypto wallet:
Multicurrency and access to almost all existing types of cryptocurrency.
Orientation to both computers and mobile devices.
Fast exchange transactions.
Possibility of anonymous storage and use of crypto money. All client data is encrypted.
Optimized internal conversion system. All operations are performed literally in one click.
Integration into the platform of exchangers, all currency transactions can be performed instantly without leaving your personal account.
Simple interface without unnecessary options and minor tools.
Maximum security and two-factor authentication system.
Backup operations.
It is important to read the reviews about Coinomi before taking the word of the developers.

10 thoughts on “Coinomi Review”

I sent about 100$ worth of Algorand from my Ledger wallet to Coinomi address – it NEVER arrived. I contacted Algorand, sent them algoexplorer link of transaction and they verified that it went through without any issues.
I opened ticket with Coinomi support. For over three days not a single word from them, it is just in “being processed” state.

Going through posts on the internet, i saw that they had issues with Algorand even two years ago, people were complaining on their transactions never arrived. Absolute criminals.

all is excellent. But Receiving Eth from blockchain wallet, scanned QR code. And now its sent from blockchain(confirmed). BUT NOTHING RECIEVED !!
so i need to know , where the money is. Trapped somewhere, took 16 confirmations. And low gas fees. But no money arrived on coinomi, im worried….

They did a great job helping me with a transaction problem!

I like the interface. the fact that it is implemented as this modern MD wallet can be very confusing when you try to import the ETH account to another app but finally it worked. Thanks also to the chat support line, they were very patient with me.

Great service and good attention, best deals ever (this are my firsts😂😂)

Excellent client service
Very helpfull and pragmatic

Best support of any crypto app I use without a doubt. Quick responses and extremely helpful. Keep it up guys!

What a great support dept. The person who helped me was knowledgeable and understanding. They answered me right away too – I didn’t have to wait to get my problem resolved – really good!