Let’s review CoinSpace, an HD bitcoin wallet which has been trending in the markets nowadays. If you are into cryptocurrencies, it is certainly a bit difficult to choose the best bitcoin wallet. There are uncountable wallets available in the market nowadays with unique features and benefits. Choosing the perfect wallet as per your requirements is very hectic and here’s where the bitcoin wallet reviews can help you.
What is A CoinSpace ?
CoinSpace is a free, independent and HD bitcoin wallet used for storing Bitcoins, Litecoin and Etherium. It is a smartly designed wallet which allows auto sync within different devices. The keys are under the control of the users and are not sent to the servers. It is an easy to access wallet to send and receive cryptocurrencies and control your finances effectively! Here’s all you need to know about this awesome cryptocurrency wallet
Features of CoinSpace:
The set of features offered by CoinSpace is quite impressive. Let’s have a look
The ultimate wallet with multiple coin support:
CoinSpace allows storage and transactions through Bitcoins, Bitcoincash, Litecoin and Etherium which makes it multi-usable!
Secure and private:
CoinSpace allows encryption and also makes it private and safe to use. The wallet is encrypted and thus, just the users get access to their wallets. The transactions which you make through CoinSpace are private and confidential.
Wallet is free:
Users generally applause the free services and here, you get a free wallet with no extra charges. It is a 100% free wallet.
Portable and multi-platform:
It is a wallet which can be used on different platforms. CoinSpace is portable and you can easily use it with Android, iPhone or a Windows device.
Well if you are unaware, BIP32 is a unique feature introduced with CoinSpace to keep the private keys safe with the users. With this, the new addresses are generated. The public key users contribute to the wallet is an extended public key which is used for transactions like sending and receiving bitcoins. New public keys can be generated from the existing public keys of the user and with signatures, the transactions will be confirmed.
Bitcoin wallet with no fees:
Though the wallet charges fees for transactions, the usage and installation of this wallet is completely free. There are no additional fees on transactions. This makes it the cheapest and convenient wallet.
This is a feature which ensures robust encryption and security.
Additional features of CoinSpace:
- The transactions are private and secure and the users have control over their funds
- Within single steps, you can convert the currencies into fiat currencies
- It is an open source wallet with modifiable code
- It is also easy to access and use
- QR code scanning is easy as never before
- Geo-location tracking is used for tracking nearby users through which, easy transactions can be performed
- The interface of CoinSpace is easy to use and free from any complexities
User interface of a bitcoin wallet must be intuitive and easy to use. The more flexible is the interface, the better users will be able to adopt it. Here is the usability and design of CoinSpace. From easy usage of various tabs to the simple to understand design, this amazing wallet provides everything
CoinSpace is a multi-platform and portable wallet which is supported and synced effectively on different platforms like
The interface of CoinSpace is very catchy and impressive. With an elegant design and blend of some simple shades, this wallet makes CoinSpace more user friendly. The tabs for sending and receiving bitcoins and switching between the three currencies are quite understandable.
The interface promotes effective send and receive options, multiple tokens, and effective tracking of users nearby. Thus, the interface of CoinSpace is very comfortable and interactive.
Security in CoinSpace
When it comes to security, CoinSpace is not considered as the best option for making transactions. Compared to other wallets for multiple cryptocurrencies, CoinSpace does not support the 2 factor authentication process to verify transactions and prevent unauthorized access.
However, the passwords used for signing in and using the wallets are encrypted which ensures nobody else can access your wallet. Also, the funds which you transfer and receive are private and no other party can see your transactions.
Apart from this, the unique BIP32 encryption allows you to backup and secure your wallet. It is a HD wallet specification through which you can access your wallet though the systems are shut down.
To protect the accounts from theft, CoinSpace has developed some advanced security options. Whenever you receive funds in your CoinSpace wallet, the receiving address of the wallet is changed. In a certain way, this ensures security. This also prevents people from tracking your account.
CoinSpace allows transactions for Litecoin, Bitcoin and Etherium
- With this wallet, users have complete control over their funds
- CoinSpace offers basic privacy and security
- The fees are quite dynamic for transactions and the wallet is free to use
- It offers multiple-coin transactions and is compatible with different platforms
- QR codes are scanned quickly and easily
- New address generation gets more secure with BIP32
- With just a single tap, you can turn the currency into fiat currency
- Low security when compared to other wallets
- Not an effective brand reputation when you search for CoinSpace
- Does not support multi-signature usage
- 2 factor authentication is missing
Final verdict for CoinSpace
It is a decentralized and simple to use wallet which offers a lot of advanced features along with security options. The wallet is cheap, fast and convenient for regular use. The setup is very easy and within no time, the users can get rapid hold over their wallets.
With amazing encryption and safety options, you get your funds more safe in your wallets. The user interface of this wallet is extremely suitable for beginners as well as for the experts. Thus, use this wallet if you use multiple cryptocurrencies and need a user friendly wallet for making transactions.