Blockchain: Coin Wallet Review


One of the most common OS platforms for a Linux computer is Ubuntu. Within that OS comes pre-screened software choices that are packaged as read-to-install apps known as snaps. Ubuntu maintains and updates a menu choices for dozens of packages, covering everything from productivity to games. Most of the choices are a bit basic, nothing to write home about, but probably 1 out of 3 apps are really worth using in the Linux/Unix environment. This is also how Ubuntu has broken into the market of PC users who don't want to use the typical Linux command line approach, but still want to be on a Linux computer versus Windows. 

649d11f2d03284af0cbbf7b185e45df70a9c10b0f3b7b1ce783e9839d29c1bfc.jpg

A Linux-Friendly Multi-Wallet

Among the above Ubuntu snap choices and for crypto coin holding, the Coin Wallet snap is worth taking a look at. This Gnome-friendly tool works as a stand-alone on the Ubuntu platform as well as a Chrome extension. And, even better, it also works on a mobile!

Windows users can enjoy Coin Wallet too through their browser. The developer provides a web-version of the wallet app that is compatible with Chrome on all platforms (see the app links at the bottom of this article).

I currently use Coin Wallet on an Apple iOS platform with my phone. It allows full sync, so whether I'm working and collecting crypto on my Linux computer or moving around with just my phone, I've got full flexibility. More interesting is the scale of coin collect. Coin Wallet covers a large spectrum of tokens and coins. While most of them are the big names, there are a few meme coins in there are some of the more esoteric alt-coins too. 

64d5a10558a44bee509e9520fe9a297c37631bcdeecd0eb80f515d12bdefe667.png

 

An Odd UI Design

The user interface (UI) is a bit interesting on Coin. It doesn't provide the features the way they appear to the user. For example, as you scroll down the menu of coins and click on one, you would expect that it goes into that selection and shows all the transactions. Instead, your total at the top of the screen changes coin, and there is no internal sub-screen. Transaction history is located in a different part of the app, which changes depending on which coin you select on the coin menu.

9c28f174194e245434970b5294157e65f99a3449dbe72233c6d3cab990a5415e.png

Odd, but once you get used to the how it works, the wallet is functional and useful. It provides a nice package of cross chains like ETH, BTC, SOL, DOGE, Stellar, XRP, DASH, Monero, Polygon and more. You also have the option of adding tokens as well, something not every wallet provides. This is the kind of wallet tool that works very well as a place to put an assortment of coins built up over time, like tipcc Discord tips for example. 

How the Wallet Works Behind Scenes for Transfers

Depending on your country that you're connecting from, different exchanges are utilizes for your token movement. With my being in the U.S., my transactions for LTC, for example, go through MoonPay, Onramper and Changelly. 

85e4689d16745bf399b43eca12d5cfd5f555b48e48ea214b575d5bf814cbe01d.png

Disadvantages of Coin Wallet

When it comes to the downsides of Coin Wallet, security isn't the strongest. Once the wallet is accessed with a seed or key-phrase, the ongoing access is a simple 4-digit pin, definitely not the strongest approach but very common for mobile apps that only use a PIN for ongoing/logged-in access. Coin follows the crowd with the assumption that if the mobile owner can get into their own phone in general, then a PIN is good enough. I personally like the account ID and password approach better myself, at least. And an MFA to text msg is even better!

d51d913c9621b8bd3282545824bf031be5ddf6bc515d2c224164bff8a2fc086f.png

Coin wallet also has varying fees for transfers. Some are simply the network fee plus 0.05% with a min and max cap $0.30/$100). Other token choices have just the network charge alone, otherwise known as the gas fee. In some coins it makes little difference, like Litecoin but in others the cost of transfer can be a bit pricey. So it's worth checking the fees first before putting a given coin into the Coin Wallet. There might be better options elsewhere for that particular token.

 

 

How do you rate this article?

17


WinterYeti
WinterYeti

A professional freelance writer for the last 20 years and a budding photographer by hobby.


The Intersect of Crypto Musings & Consumer Impacts
The Intersect of Crypto Musings & Consumer Impacts

A blog focused on ongoing government regulation for crypto or consumer issues with crypto with wide range of topics from pitfalls to avoid to opportunities to grab.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.