Coinify Wallet: Accept Bitcoins Risk-Free Globally

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Coinify Wallet Accept Bitcoins Risk-Free Globally

• One of the most significant considerations for
  any cryptocurrency consumer is the selection of
  the right and the best wallet. This is really
  important because wallets store users funds and
  the protection of their funds depends solely on
  the wallet.

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One such wallet is Coinify.

• The Coinify wallet offers an easy-to-use platform
  with an intuitive interface. Coinify is a stable
  online marketplace that provides an easy way to
  buy and sell bitcoin and other assets.

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What Is Coinify?

• Coinify is a cryptocurrency wallet with open
  access. Its Innovative technologies are provided
  in Europe, Asia and other countries. Coinify
  supports some of the most major coins such as
  BTC, ETH, ERC-20 tokens and other
  cryptocurrencies.
• Coinify was set up in Denmark by a group of young
  developers. The business was founded in 2014 and
  is funded by SEED Capital Denmark, SEB Venture
  Capital and Accelerace.

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Coinify Features

• 1.  Payments Coinify Payments enable online and
  brick-and- mortar vendors and PSPs to accept
  virtual currency while accepting payments in real
  currencies at no extra expense.
• 2. Deposits Enable customers to make deposits in
  their accounts with direct virtual currency
  deposits and receive amounts of traditional
  money.
• 3. Withdrawals Helps companies carrying client
  funds to provide Bitcoin with an appealing
  service to encourage transactions for their
  clients.
• 4.  Invoices Enables Company and Technical Firms
  to provide the alternative of paying invoices
  paid in conventional currency with virtual
  currencies, and Coinify can resolve the invoice
  at face value.
• 5. Trading Solution Allow consumers to swap
  goods quickly between conventional and virtual
  currencies without leaving their website or app.
• 6. Wallet Trading Solutions Improve customer
  interaction by making it convenient for the
  customers to switch between conventional and
  virtual currency without ever leaving the app.
• Coinify Fees and Limits
• When you make a buying or selling order, the
  transaction charge for the handling of the
  transaction will be automatically determined for
  your order and the app will display the real
  numerical vLimit
• These details will also be included in your Buy
  Order Receipt, which Coinify will deliver to you
  by email. The Network transaction costs add up to
  the cumulative costs you pay for making the
  order.

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Coinify Supported Currencies

• Currently, the following Cryptocurrencies are
  being supported by the Coinify exchange
• Bitcoin
• Bitcoin Cash
• BNB Mainnet
• Bitcoin SV
• Dash
• Ethereum Classic
• Ethereum
• Litecoin
• Nano
• OKB
• OmiseGo
• Tron

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Is Coinify Wallet safe?

• The private keys are held only by the user and
  encrypted in the browser. As a result, each
  transaction allows the owner to input a password.
  Coinify also allows for the option to set
  separate passwords for each asset.
• Coinify wallet produces a seed phrase for all
  consumers. Often, the service does not hold
  private keys on a third party server

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Coinify Pros and Cons

•  Pros
• It is open-source
• It is simple to download
• Supports the major cryptocurrencies
• Acquire crypto for a fiat currency
• Users can create more than one wallet for
  various currency types. 

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•  Cons
• Customer support responses reported to be
  sometimes slow
• Supports only few coins
• No synchronisation of the Blockchain
• There is no multi-signature
• Compulsory checks

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• Conclusion
• This wallet is perfect for people who often run
  cryptocurrency operations. But there is one
  complication you cant start working with a
  wallet without going through complete
  authentication. This is a huge drawback for
  consumers who trust their privacy.