Coin Wallet is known for being a great fit for privacy-concerned crypto users who are reluctant to share their personal data. This September, the project ramped things up a notch with the addition of mobile payments. Now, users can buy any featured cryptocurrency directly in the app using credit card, Google Pay, or Apple Pay.
For the last two years, Apple Pay and Google Pay payments have been rapidly growing in popularity — and with good reason. Making purchases with the tap of a button or swipe of the phone is better suited to on-the-go, fast-paced lifestyles of today’s consumers, who are reaching for their phones to make on-the-go purchases for things like coffee and public transport.
Crypto traders have reasonably been asking for the same convenience in the crypto sphere. For now, only a small handful of wallets and exchanges have successfully incorporated these features. One of them is Coin Wallet.
Mobile payments for crypto users
In the contest between Apple Pay and traditional credit/debit card payments, Apple Pay comes out on top in two significant categories. Apple Pay transactions are instant and offer a much higher level of security than to credit card payments. The improved level of security and privacy is achieved because Google Pay and Apple Pay use a virtual account number to process payments, and billing details are never shared with sellers. It’s no surprise that these features appeal to crypto buyers who want this new payment method to buy tokens more privately.
To add Apple Pay integration, Coin Wallet partnered with a fintech company that enables web and mobile developers to offer payment processing for digital currencies with ordinary credit cards. This has vastly simplified the process for buying cryptocurrencies. Now, any user can go to the Exchange tab, click on the Buy button, and use one of the payment methods currently available – credit cards, Google Pay or Apple Pay.
Coin Wallet is a universal wallet that can be used to store all kinds of cryptocurrencies. Currently, the platform supports any ERC20 and ERC223 tokens. It also offers two built-in exchanges for easy crypto trading without the need to go outside the app. Users can instantly exchange any of the most popular crypto coins, including Litecoin, Dogecoin, Bitcoin Cash, EOS, Ripple, Stellar and Ethereum.
Safe space to make transactions
Coin Wallet is a non-custodial wallet that caters to the needs of crypto traders who are particularly concerned with privacy. It promises full control over private keys and zero leakage of personal information during transactions. And unlike other privacy wallets, Coin Wallet blocks all third-party advertisements, which store user data and track their activity across devices.
Wallets that store user key information on a central database exposes users to additional risk, as these databases can be compromised. Using wallets with user control over private keys, on the other hand, means that coins cannot be seized or frozen. In this regard, Coin Wallet hands full control over wallet keys — and, by extension, crypto assets — to the user. The wallet does not act as a bank intermediating clients’ operations with crypto; rather, it provides an easy-to-use interface and direct access to blockchains.
In addition, Coin Wallet employs an extremely high level of encryption and password hashing that make their wallets virtually unhackable. Coin uses AES-256 encryption, has a rolling addresses feature, and supports safe connection with the Tor browser.
Additionally, the app does not ask for personal information of any kind, nor does it associate sensitive transaction data with the wallet account that made it. Coin Wallet is completely advertising-free out of respect for user privacy. In contrast, wallet apps with in-app ads from Google and Facebook advertising networks impose certain privacy risks by allowing advertisers to access customer data and track their use of digital products.
Coin Wallet’s addition of Google Pay and Apple Pay is the newest treat for crypto buyers. Given the product’s advantages in ease of use, security, and privacy, it would be a solid choice even without the new payment options. The ability to skip the clunky, time-consuming payment portals of standard wallets is just one more reason to get Coin Wallet.