Coinapult BTC Wallet Review

Coinapult wallet review

Panama
https://coinapult.com/

Very basic Ease of use, High Privacy, Wallet platform Private Keys Stored

Overview
Security
User Experience

Coinapult wallet supports Bitcoin and DASH and is fairly easy to use. It has a unique feature that allows you to send Bitcoin to somebody's email, mobile phone, or even Telegram. Their partnership with CryptoCapital Exchange also provides the option to buy and sell.

The Coinapult Wallet offers unique functions including: Invoicing using Bitcoin or Dash, and sending Crypto by SMS or email. In order to buy and sell you will need an account with CryptoCapital which you can then link to your Coinapult account.

Company / organization behind the wallets

The wallet was created by Ira Miller and investor Erik Voorhees in 2012, since then they have implemented a few changes like integrating some mycelium wallet functionality with their own. They have some visibility, mostly because of funds they lost because of a hack.

Crypto Currencies Support

Bitcoin (BTC)
Dashcoin (DSH)

Traditional Currency Support

Pound sterling (GBP)
Euros (EUR)
US Dollar (USD)

Language Support

English
Portuguese
Russian
Spanish

Supported Systems

Online Only

Partners and integrated software

Crypto Capital

Security is somewhat lacking. As is often the case with wallets that provide real world applications. There was a small hack in the past suggesting there may be more issues than the average user is aware of. As with any platform of this nature it is not recommended to use this account for storing large amount of funds.

Summary:

Security

Low

2 Factor Authentication

Yes

Multi-Signature

Private Keys Stored On

Wallet platform

Storage Type

Hot storage

Transactions Validation

Centralized validation

Hierarchical Deterministic

What happens in the event of a disaster/theft/loss?

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

The wallet is easy to use and very versatile, best for people starting out with Bitcoin.

Summary:

The Coinapult wallet has some nice features like sending Bitcoin to someone via email, phone number or directly from the Telegram app. The design is decent, nothing modern, but it is simple to use so anybody can start using it. Their few structure is not transparent and the security feature are not exceptional.

Ease of use

Very basic

Suitable For

Account activation process

Simple

Transaction fees

Dynamic Transaction fees

Setup fee

$0.00

Functionality:

Buy coins using bank account
Exchange coins crypto to crypto
Withdrawal funds to bank account

The wallet platform allows you to access third party services without sharing your private keys (the signature process happens on the wallet platform.)

Help and
support: