Coffee Wallet

cryptomole 2782

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cryptomole posted on April 21, 2020 08:02:30

I downloaded this multi-coin wallet to my Android phone almost a week ago after I learnt that, ChangeNOW, my favorite crypto exchanger service had been integrated into it.

It's a non-custodial wallet so you own your private keys and you can (and should) backup your 12-word BIP39 recovery passphrase.

The UI is brownish (as you'd probably expect, given the name Click here to see more...of the wallet) and I have no problem with that.

As of now, there are 2 options in the "quick exchange" section: ChangeNOW and Changelly. I have to say that I have not tried this feature yet.

When it comes to supported assets, I was pleasantly surprised by the fact that Monero is also included besides widespread cryptocurrencies such as BTC, ETH, LTC or ERC20 tokens.

Another thing I like about Coffee Wallet is the possibility to choose from multiple price sources:
CoinGecko, CoinMarketCap and coinpaprika, with more coming in the future. You can also choose from many fiat currencies (40+ as of now).

Coffee Wallet has its own ERC20 utility token - Coffee Token (CFT) - and after I finished some several on-boarding tasks, I managed to receive some. The whitepaper reads "CFT tokens will allow holders to participate in project by voting on features, buy an ad inside of the app and pay for premium features".

When it comes to cons, I have to say that texts (titles, descriptions, instructions) are needlessly small by default and settings menu lacks the option to make it larger.