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Lumi Blockchain Wallet

itunes.apple.com

(0 reviews)
(0 reviews)
Site Rank: 24

Lumi is a hierarchical deterministic mobile wallet. It is available in web browsers, Android, and iOS. The wallet supports Bitcoin, Bitcoin Cash, Ethereum, and Ethereum tokens. This is a limited selection when compared to some competitor wallets. The wallet is closed source. Users control their own private key and are stored locally on the user's device. Users have a twelve word mnemonic phrase to recover their wallet in the case that their device is lost or stolen. The private keys are never sent outside of the user's device. There is no multi-signature functionality. There is also no option for users to enable two-factor authentication.

The wallet has a strong use case for users who wish to remain anonymous. No personal details are required to be entered for users who wish to use the wallet. One of the key features of the wallet is the integration with Changelly. Changelly enables users to exchange cryptocurrencies via atomic swap technology. The fees for Changelly are 0.5% per exchange exclusive of the mining fee.

The wallet has been noted to be easy to use and has good reviews from users.

Pros & Cons
  • The private key is stored on the user's device
  • Hierarchical deterministic
  • No identity information required
  • Integration with Changelly
  • Easy to use
  • Limited support
  • No multi-signature functionality
  • No two-factor authentication