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Coin98 Wallet Review 2024:Features & Pros & Cons

Coin98 Wallet Review 2024:Features & Pros & Cons

In this article, I will discuss the Coin98 Wallet, which is a multi-purpose, non-custodial wallet that allows you to store and manage a variety of cryptocurrencies across different blockchains.

With DeFi integration, cross-chain swaps, NFT support, and many more, Coin98 wants to make it easy for users to participate in digital assets.

Let’s look at its features, advantages, and what makes it unique in the crypto industry.

What is Coin98 Wallet?

Coin98 is a crypto application that integrates all aspects of this young and innovative industry to bring a billion users into the world of digital assets.

Built into a super app, the Coin98 Wallet allows users to securely store, manage, trade and transfer a variety of digital assets. It does not require the user to secure their private keys manually. This wallet has multi-chain and even multi-source NFT capabilities.

What is Coin98 Wallet?

Coin98 Wallet is also accessible via Super App and browser extension – allowing users to access DeFi with ease.

The wallet extends its capabilities thanks to a team of Coin98 Finance based in VietnamIt supports more than 70 blockchains, including Bitcoin, Ethereum, Binance Smart Chain, Solana, Polkadot, Fantom, Polygon and several other custom networks.

Coin98 Wallet Overview

AspectDetails
PriceFree to download and use
Fees– No wallet fees; users pay network fees
– Potential trading fees when using in-app swaps or DeFi services
Supported BlockchainsOver 70 blockchains, including Bitcoin, Ethereum, Binance Smart Chain, Solana, and more
Key Features– Non-custodial wallet
– Multi-chain support
– Built-in DeFi access
– Cross-chain swaps
– NFT management
– Portfolio tracking
User InterfaceAvailable on mobile (iOS, Android) and desktop (browser extension)
SecurityFull control of private keys; seed phrase backup
Customer Support– Help Center with FAQs and guides
– Community support via Telegram and Discord
– Email support for inquiries
– Active social media presence for updates

How to Set Up & Use Coin98 Wallet?

Using Coin98 Wallet becomes child’s play as every option is clearly structured and has been provided with guidelines for navigation, but here’s a rundown:

Download the Coin98 Wallet App from the App Store or Google Play

Go to the App Store (iOS) or Android Google Play Store and type in the search box “Coin98 Wallet.”

Download the Coin98 Wallet App from App Store or Google Play

Begin by downloading the application and copy it to your portable device.

Create a new wallet or select an existing one available in the Coin98 Wallet App.

Begin by running the application; go to ‘create wallet’ to open an account; give your account a name and choose a password.

Please write down your recovery phrase and store it in a secure location. This is important as it will help you recover your wallet in case you lose it.

However, in case you have a crypto wallet already, you can opt for “Import Wallet” and enter the recovery phase to have it imported.

Select Networks and Blockchains.

It must be noted that Coin98 Wallet is compatible with more than 70 blockchains.

To make use of a particular network, go to Settings > Manage Blockchains and tick against the ones that you want to be in active mode. This will allow you to manage the assets of multiple chains.

Use the Funds to Purchase Crypto.

Send the desired assets in the direction of your wallet address where you had copied it & provided it to the person.

Or else, there is an option where one can scan the QR code on the page where it says “Receive”.

Alternatively, buy some free crypto using the application’s supported on-ramp services.

Cofn98 Wallet to carry out Transactions

Send Crypto: First, Select the asset to be sent. Second, enter the address that will receive the asset. Third, specify how much you want to transact, and finally, click the ‘send’ button.

Swap Assets: Coin98 allows users to conduct cross-chain swaps without leaving the app. In the ‘Swap’ section, choose your tokens and grateful networks in that order and finish up with a click on the swap.

Expand dApps: Users can use the included DApp browser provided in the wallet to interface with the DeFi ecosystem in terms of staking, lending, trading, and NFT display.

Connect to Web3 (Optional)

Coin98 Extension Wallet is suitable if you wish to connect to the DeFi protocol on your computer. It consists of installation, logging in, and getting the extension attached to DeFi-compatible apps.

Thus, with these steps, you can now start securely storing assets, managing them, trading them, and transacting them via the Coin98 Wallet.

What are the Main Features of Coin98 Wallet?

What are the Main Features of Coin98 Wallet?

Multi-Chain Holders

Coin98 Wallet is able to support more than 70 blockchains, such as Bitcoin, Ethereum, Binance Smart Chain, Solana, Polkadot, Fantom, and others. This allows users to have several assets within one wallet on different blockchains.

In-Keeper Wallet

As a non-custodial wallet, Coin98 enables users to have total control over their private keys, hence providing the users with full possession of their assets without a third party.

Blockchain NFTs Support

The wallet allows NFTs to be accessed across different chains, enabling users to store, see and administer their NFTs from other blockchain networks in one application.

Decentralized DeFi Integration

The Built-in DApp browser of Coin98 allows users to connect to a wide variety of decentralized applications directly from the wallet. This feature supports DeFi actions, such as staking, lending, yield farming, etc.

Hide Transfer History for Cross-Chain Transactions

The wallet enables cross-chain swaps, which allow users to exchange tokens on different blockchains without using an external exchange. This feature allows for quick and effective swaps for multi-chain assets.

Web Extension for Desktop Users

Coin98 Wallet enables users to install a browser extension that provides access to the wallet through the computer and allows users to interact with DeFi protocols along with different blockchain applications.

Availability Across Platforms

Available for desktops or mobile devices (iOS and Android), this wallet has adaptability and accessibility tailored to the user’s needs.

Enhanced Security Measures.

Some features that enable phishing prevention on Coin98 Wallet include password usage, biometric identification, private key encryption, and hardware encryption, which are also devices with strong cyber security assurances.

Coin98 Wallet Products

Coin98 Super App

The Coin98 Super App enables its users to manage wallet operations as well as conveniently access diverse dApps, establishing itself as a pocket-friendly and efficient digital asset management tool.

Coin98 Super App

It has additional functionalities like asset management, cross-chain trading, NFT art curation, and a dApp integrated browser to allow fluid access to various DeFi services.

Coin98 Wallet( Mobile and web extension)

The Coin98 Wallet is a non-custodial, multi-chain wallet distributed as a mobile application (IOS and Android) and a web browser extension for laptop/desktop devices.

It is able to accommodate over 70 blockchains and hence enables users to keep, manage and transfer assets securely. Additionally, users can link networks to dApps and DeFi protocols through the connected wallet.

Coin98 Exchange

With Coin98 Exchange, users can enjoy an in-app cross-chain multi-source swap platform that is embedded within the app itself.

With the wallet, users can swap tokens on different chains and are not forced to leave the wallet, which results in a more efficient way of decentralized trading of assets.

Coin98 Portfolio

This tool is essential for Coin98 users as it enables them to organize their digital assets by having consolidated holdings on multiple wallets and blockchains.

Coin98 Portfolio also delivers comprehensive analytic and intelligence support so that users may watch their investments and make the required moves accordingly.

Coin98 Markets

Coin98 Markets provides market insights such as cryptocurrency pricing information and trends, as well as token metrics information.

Users can view various cryptocurrencies, and movements in the markets are tracked right in the app, so users are aware of the market conditions.

Coin98 Labs

The Coin98 Labs arm uses its position to innovate and thus expand the Coin98 product offering.

It aims to improve its decentralized finance instruments and broaden the Coin98 environment with joint ventures, integrations and constant developments.

Coin98 Mobile Wallet

The Coin98 Mobile Wallet is a multifunctional, non-custodial wallet that allows users to store and transfer digital assets from a smartphone securely and conveniently.

Coin98 Mobile Wallet

Supporting over 70 blockchains, it allows for the storage, trading, and auctioning of NFTs on multiple chains but using a single app.

The wallet comes with inbuilt capabilities to access DeFi apps and cross-chain swaps, thus allowing users to manage cryptocurrencies and interact with the decentralised world without the need to leave their private keys.

Is Coin98 a Good Wallet?

Coin98 is a great wallet choice for all users in the cryptocurrency space, especially fans of DeFi and cross-chain.

Due to its non-custodial structure, users possess their private keys, thus making the asset safekeeping better.

Is Coin98 a Good Wallet?

They can also interact with Dapps and manage their assets with the help of built-in DeFi, NFT, and cross-chain exchanges integrated into the wallet itself.

The app is very basic in terms of usage, which makes it an excellent choice for beginners as well as experienced users.

Therefore, the Coin98 crypto wallet can be considered quite a versatile solution for digital asset management.

Coin98 Wallet Fees

Coin98 Wallet does not charge any transaction history of its own, but blockchain network transaction fees are charged depending on the network type, be it Ethereum, Solana or Binance Smart Chain.

These network fees are collected by the validators who perform transactions and execute the verification.

When tokens are swapped inside the wallet, excessive charges may occur depending on the liquidity providers or other integrated platforms and their services.

In addition, Coin98 offers a mechanism for altering network fees so that customers can determine the speed or expenses for each transaction.

Coin98 Wallet-Supported Coins

Coin98 Wallet-Supported Coins

Coin98 Wallet works with many popular coins and networks, enabling it to support a wide variety of cryptocurrencies over more than 70 blockchains.

The supported coins consist of major assets like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL), Polkadot (DOT), Polygon (MATIC), Tron (TRX), Avalanche (AVAX), and Fantom (FTM), among others.

It also accommodates stablecoins, NFTs, and tokens from decentralized finance ecosystems.

Coin98 Wallet Pros and cons

Now that we know what JAXX is capable of, let’s take a look at its pros and cons.

Pros

Multi-Chain – supports more than 70 blockchains, enabling users to keep numerous assets in a single wallet.

Non-Custodial – allows users to have access to their private keys and manage them to enhance security.

DeFi – Features access to in-built decentralized applications (dApps) that allow engagement in activities such as staking, Lending, and swapping domains with ease.

Cross Herald – All token transactions occurring in the JAXX wallet happen on Zeta using JAXX, allowing a high degree of privacy.

User Experience – The interface is offered on mobile and desktop platforms, making it easy to use even for novice users.

Cons

Network Fees – Users still have an additional overhead of the network fees, which can be quite expensive depending on the blockchains utilized, like the Ethereum blockchain.

Third-Party Dependence – In-app swapping from one coin to another and DeFi infrastructure access requires third-party services and may also require extra payment aside from transaction costs.

Learning Curve – Due to the many features and support for various blockchains, beginners may have to bear the difficulty of trying to learn everything at the beginning.

Customer support – Since the interactions are majorly based online, the support response time is not fixed.

Coin98 Vs. Exodus Wallet Comparison

FeatureCoin98 WalletExodus Wallet
TypeNon-custodial walletNon-custodial wallet
Supported BlockchainsOver 70 blockchainsSupports over 130 cryptocurrencies
NFT SupportYes, across multiple chainsLimited, primarily focuses on Ethereum NFTs
DeFi IntegrationBuilt-in access to DeFi applicationsLimited DeFi features, primarily for exchanges
Cross-Chain SwapsYes, supports cross-chain swapsNo cross-chain swaps; trades within supported assets
User InterfaceMobile and desktop with DApp browserDesktop and mobile, user-friendly design
SecurityFull control of private keysFull control of private keys
Backup & RecoverySeed phrase for backupSeed phrase for backup
Customer SupportPrimarily online, response times vary24/7 support via email and chat
Trading FeesNetwork fees apply; possible trading feesNetwork fees apply; fees on trades

Coin98 Wallet Alternatives

Exodus Wallet

Coin98 Wallet Alternative

A non-custodial and easy-to-use wallet that can store over 130 cryptocurrencies, Exodus has a very neat user interface and offers limited built-in exchange functions. However, the wallet does not provide much detailed integration for DeFi.

Trust Wallet

Created by Binance and available on mobile devices, Trust Wallet is a wallet that is fully compatible with a number of different cryptocurrencies and provides decent DeFi capabilities and support for NFTs and dApps, making it a strong choice for mobile users.

MetaMask

Coin98 Wallet Alternative Trust Wallet

Predominantly concentrated on Ethereum and entertainment of ERC-20 tokens, MetaMask is a browser extension and wallet application which connects users to a plethora of decentralized applications and DeFi protocols along with providing cross-chain compatibility through layer two solutions.

Atomic Wallet

An adaptable multi-currency wallet that allows users to store over 500 cryptocurrencies and make trades from the app, Atomic Wallet is decentralized and has a variety of security features, making it reliable.

Mycelium Wallet

Coin98 Wallet Alternative Mycelium Wallet

Mycelium Wallet: a cross-platform wallet application that offers exceptional anonymity while supporting integration with hardware wallets. The main focus of this wallet is Bitcoin, but Ethereum and some ERC-20 tokens are supported as well.

Coin98 Wallet Support

Do the users of the Coin98 Wallet still have problems? Don’t worry because there are ways provided to assist you with your queries. Some of the ways are as follows:

Help Center

Whenever you encounter a question regarding any of the operations of the Coin98 wallet, try visiting the Help Center that Coin98 has.

Community Channels

If any questions pop up, users can reach out to Coin98’s community members on Telegram and Discord and seek assistance from both the community of users and the official team.

Social Media

As for the last option, users can follow Coin 98 on social networks and keep track of the latest information, news, and activity in the community.

Email Support

Finally, the email support option takes the fourth place as it might not be the quickest way, but it is certainly the best one if you would like more personalized help.

Official Documentation

Finally, quite a few people prefer reading the instructions first and then proceeding with the use of the wallet, which is in the form of documentation and guides available on the Coin98 website.

Conclusion

To summarize, Coin98 Wallet provides an all-in-one solution for storing and utilizing cryptocurrencies, as it is built to be user-friendly while also incorporating advanced features for both novice and expert users.

Its features, such as cross-chain functionality, non-custodial, and integrated access to DeFi platforms, make it very suitable for people who want to explore the ever-changing crypto world.

The ability to safely hold, buy, and manage numerous digital assets elevates Coin98 Wallet as more than just a powerful utility within the decentralized ecosystem.

Although there are some costs related to network fees and the dependence on external companies, the strong benefits of the wallet’s features generally and its great focus on clients’ safety largely compensate for those drawbacks, making the wallet a perfect option for anyone willing to participate in the cryptocurrency and DeFi space.

Nick Jonesh Is a writer with 12+ years of experience in the cryptocurrency and financial sectors. He writes for the coinroop on the same topic of cryptocurrency, including technical stuff for IT folks and practical guides about everything else for the real world. Nick's clear writing is a direct response to the new, crypto financial landscape.