CoinVault wallet review

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

CoinVault is a web wallet supporting multiple cryptocurrencies. The aim of Coinvault is to offer a centralized, easy to use wallet with privacy and secure storage for numerous altcoins and make trading and storing cryptocurrency simple and user-friendly for non-tech savvy users. The wallet platform is still in beta stage.

The CoinVault wallet platform allows users to store various altcoins, access them anywhere and anytime and withdraw them instantly. Users also have the chance to add separate wallets for multiple Cryptocurrencies. Currently, there is no maximum wallet capacity but at some point, there will be a small fee on transaction capacity.

Company / organization behind the wallets

The CoinVault wallet platform is part of SoftChains Ltd, a company registered in the UK which was was founded by Dan Gershony, an experienced Microsoft development engineer. The main declared goal of CoinVault is to make Cryptocurrencies very easy and simple to use for users with no technical background in hopes of increasing the popularity of Cryptocurrencies.

Crypto Currencies Support

Language Support

  • English

Supported Systems

  • Windows
  • OSX
  • Linux

Security seems to play a pivotal role but is managed mostly through traditional security methodes such as SSL , AES encryption. A wallet backup is created every time the user updates their password. Also, a mnemonic code is provided to easily import user coins to other wallets.

Summary:

Security
Low
2 Factor Authentication
No
Multi-Signature
No
Private Keys Stored On
Wallet platform
Storage Type
Hot storage
Transactions Validation
Full Node
Hierarchical Deterministic
No

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 CoinVault wallet platform has a simple, straightforward user interface that makes trading and spending Cryptocurrency easy. The design is user-friendly and thus accessible to new users of cryptocurrencies.

Summary:

CoinVault is a multi-asset web wallet offering 20 altcoins for storage, the creation of multiple wallets, a seamless design and user-friendly interface as well as increased privacy and security. CoinVault is in beta use and recommended only for small amounts of coins (Dec 2017)

Ease of use
Very basic
Suitable For
Account activation process
Simple
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

The CoinVault wallet platform allows users to store various altcoins, access them anywhere and anytime and withdraw them instantly. Users also have the chance to add separate wallets for multiple Cryptocurrencies. Currently, there is no maximum wallet capacity but at some point, there will be a small fee on transaction capacity.

There are none

Help and support:

  • FAQ section
  • Email
  • Reddit
  • Hackerone

Most common customer complaint:

Technical issues