Zumminer Wallet

Zumminer is a wallet service which supports a number of different cryptocurrencies. Zumminer has only been in operation since 2017 which means they are very new to the cryptocurrency industry. Users of this wallet give up control of their private keys to Zumminer. Other services offered by Zumminer include cloud mining. The mining service is the main focus for Zumminer. The wallet also facilitates exchange between different cryptocurrencies inside the wallet and exchange and storage of USD is also possible. Another aspect of the wallet is the enablement of fixed income investment through the project. The fixed income investment is advertised as returning up to 0.33% daily. With no disclosure of investment risks, this claim should serve as a warning. The investment essentially involves investing in mining equipment or mining hash rate.

The wallet is not hierarchical deterministic. There is no multi-signature functionality. The code is not open source which means it cannot be adapted and also the level of security cannot be assessed. There is a two-factor authentication option that users can enable to add on an extra layer of security.

Zumminer has a low social media following. With wallets available whose sole focus is on securely storing cryptocurrencies, Zumminer seems to be a subpar wallet solution with alternative interests.