Yeah, I like the smartphone version a lot--I just downloaded the PC version and did notice that there's no password option, but that's OK. I'm not storing much on it and don't really plan to, but I've got small amounts of some altcoins and didn't want to use my Ledger for them.
I've always liked Coinomi as a multicoin wallet, and I prefer it over all of the other ones I've tried. Jaxx and Exodus both suck ass IMO, and from what I've read they aren't even secure. At least with Coinomi I have a seed phrase for recovery, which I don't remember getting with either Jaxx or Exodus. Other members would have to vouch as to whether Coinomi is secure, but I'm pretty sure it is and that's the most important thing.
Anyway, I've had a Coinomi wallet on my phone for a couple of years at least and I've never had any issues with it whatsoever. I'd definitely give it a thumbs up.
I decided to uninstall it after testing it because of this thread:
WARNING - Coinomi Wallet CRITICAL Vulnerability Made Me Lose My Life SavingsRegardless of the reason the user lost funds, I think the fact it is not open source is an important factor too.
You can read our official statement and independent review of this issue from this thread:
https://twitter.com/kimionis/status/1131945228506738688?s=19With regards to being open source, We decided to close our source code as many new users in the space were being tricked into thinking that various cloned apps were official releases of Coinomi which lead to them losing funds. Whilst we agree open-source provides the ability to audit code, you can never 100% verify that the code from GitHub is the same as that which is pushed to the app stores which is the same for every single open-source application.
You may also choose Coinomi for the wealth of features which many other wallets may not have including;
- Full native segwit support for all segwit supported assets.
- Web3 Dapp browser
- Collectible Support
- 118 blockchains supported and
ALL ETH/BEP2/NEM/TRC10/OMNI tokens supported
- Multiseed support
- Enhanced privacy features:
https://coinomi.freshdesk.com/support/solutions/articles/29000030207-what-are-coinomi-s-privacy-features-No user has ever lost funds due to Coinomi and all such cases have been pinpointed to user error which includes;
- Saving the recovery phrase in an incorrect order
- Sharing their phrase with others
- Saving their phrase in an email account or cloud storage
- not saving their phrase at all and then losing their device or uninstalling the app
The list could continue....
With regards to being open source, We decided to close our source code as many new users in the space were being tricked into thinking that various cloned apps were official releases of Coinomi which lead to them losing funds
And that applies only to Coinoimi? That
justification is nothing more than an excuse to keep the project as a close source as keeping that as a rule any and all projects available worldwide would be in the same boat and nothing Open Source would exist.
Whilst we agree open-source provides the ability to audit code, you can never 100% verify that the code from GitHub is the same as that which is pushed to the app stores which is the same for every single open-source application.
It is nothing more than a ridiculous excuse that has almost zero merit. Though some scams have taken place by uploading malicious software to Github how many of those have come from official channels and repositories?
I am astounded that a representative of any organisation would make such a post. I reiterate my request asking forum users to stop using Coinomi as precaution until or unless it becomes open source.
