Coinomi Crypto Wallet Overview


If you're looking for a wallet that can "store" multiple cryptocurrencies but don't want to fork out the money to get yourself a hardware wallet, you may want to consider using the Coinomi wallet. 

Although I would highly recommend getting a hardware wallet to "hold" your coins on, especially if you're going to accumulate a lot of crypto, sometimes it just doesn't make sense to get one if you don't have that much. 

For example, it doesn't make sense to spend $100 on a hardware wallet if you've only got about $500 worth in my opinion. Others may have a different opinion though.

I would say that if you've got more than $1,000 worth of crypto, you may want to check out this post as to why you'd want to get yourself a hardware wallet.

So why do I recommend using Coinomi? I think they're a great choice as they've been around the crypto space for some time and have proven to be trustworthy. In addition, they're quite versatile. No matter what device you have, they have an app for it. Furthermore, they support a wide variety of coins, so more likely than not Coinomi will be able to "store" your coins. 

Here's a brief 5 minute video on Coinomi and what their wallet looks like on a computer. 

I hope that this post was able to help you out with finding a multi cryptocurrency wallet. Lastly, always you make sure you practice safe storage habits by writing down your seed phrase and putting it in a secure place. Never type out your seed phrase and store it online (even in your own e-mail).

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If you have any questions or comments, please feel free to leave them down below as I will respond. You can also contact me at [email protected]. You can also message me on Telegram @cryptoforcanadians or feel free to join my Telegram group where we talk crypto: https://t.me/crypto4canadians.

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cryptoforcanadians
cryptoforcanadians

Educating Canadians, and others, about crypto.


cryptoforcanadians
cryptoforcanadians

Educating Canadians, and others, about crypto.

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