Coinomi: A Complete Guide to Setup, Sending, Receiving, and Exchanging Crypto

·

Coinomi is a trusted and user-friendly mobile cryptocurrency wallet that has been serving users globally since 2014. Designed for both beginners and experienced crypto holders, it supports over 100 digital assets, including major coins like Bitcoin (BTC) and Ethereum (ETH), as well as numerous lesser-known tokens. With built-in exchange services through Changelly and ShapeShift, Coinomi enables seamless in-wallet currency swaps—making it an ideal choice for those who value convenience, security, and broad asset support.

Whether you're new to crypto or managing a diverse portfolio, this comprehensive guide walks you through everything you need to know about Coinomi: installation, setup, sending and receiving funds, exchanging coins, and adding new tokens—all while maintaining full control of your private keys.

What Is Coinomi?

Coinomi is a non-custodial mobile wallet available on both iOS and Android platforms. As a non-custodial solution, it ensures that only you have access to your funds—no third party can freeze or manage your assets.

While the Android version offers full Japanese language support, iOS users will encounter an English-only interface at this time. Despite this limitation, the app’s intuitive design makes navigation straightforward even for non-English speakers.

One of Coinomi’s standout features is its extensive multi-currency support. It currently accommodates more than 100 blockchain networks and thousands of tokens, covering everything from mainstream cryptocurrencies to niche altcoins. This breadth makes Coinomi particularly appealing for users with diverse portfolios who want a single, secure place to store their holdings.

Additionally, Coinomi integrates with leading instant exchange platforms like Changelly and ShapeShift, allowing direct in-app conversions between different cryptocurrencies without needing to use a centralized exchange.

👉 Discover how to securely manage multiple cryptocurrencies in one place.

Because Coinomi does not function as an exchange itself and doesn't require KYC verification, it's best suited for users who don’t trade frequently but want a reliable, self-custody solution for long-term storage and occasional transactions.

How to Use Coinomi: Step-by-Step Guide

Installing Coinomi

To get started, simply open the App Store (iOS) or Google Play Store (Android) and search for “Coinomi.” Download the official app—make sure the developer is listed as Coinomi Technologies Limited to avoid counterfeit versions.

Once installed, tap the app icon on your home screen to launch it. You're now ready to create your wallet.

⚠️ Important Security Note: Never download Coinomi from third-party websites. Always use official app stores to prevent malware risks.

Setting Up Your Wallet

Upon launching the app, select "Create a New Wallet" to begin the setup process.

You’ll then be shown a 18-word recovery phrase (also known as a seed phrase). This is the most critical part of your setup:

After securely storing your recovery phrase, confirm by checking "I have safely stored my recovery phrase" and tap Next.

Next, you’ll be asked to reorder the 18 words randomly displayed on-screen into their correct sequence. This step verifies that you’ve correctly recorded the phrase.

Once verified, set a strong password for your wallet. This password encrypts your data locally on your device—it cannot be recovered if lost. There is no "forgot password" option.

Finally, choose which cryptocurrencies you’d like to display in your wallet. You can always add more later.

Agree to the terms of service, and you’ll arrive at the main dashboard—your wallet is now ready to use.

Sending and Receiving Cryptocurrency

Receiving Funds

To receive crypto:

  1. Tap the desired coin on your dashboard.
  2. Select "Receive" (bottom left).
  3. Share either your wallet address or the QR code with the sender.

Ensure the sender uses the correct network (e.g., BTC for Bitcoin, ERC-20 for Ethereum-based tokens) to avoid irreversible losses.

Sending Funds

To send cryptocurrency:

  1. Tap "Send" (bottom right).
  2. Enter the recipient’s address under "Pay to", or scan their QR code.
  3. Input the amount.
  4. Review transaction details (including network fees).
  5. Tap "Send" to confirm.

Transactions are irreversible—always double-check addresses before confirming.

👉 Learn how to safely transfer crypto across networks with minimal fees.

Exchanging Cryptocurrencies In-App

Coinomi allows you to swap between different cryptocurrencies directly within the app using integrated exchange services: Changelly and ShapeShift.

To exchange:

  1. Open the menu (top-left icon).
  2. Select either Shapeshift or Changelly.
  3. Choose the coin you want to exchange ("Exchange") and the one you wish to receive ("Receive").
  4. Enter the amount.
  5. Tap Next to proceed.

The service will quote an estimated rate and processing time. Once confirmed, the exchange occurs automatically, and the new asset appears in your wallet after blockchain confirmation.

💡 Tip: Exchange rates fluctuate and may include service fees. Compare rates between Shapeshift and Changelly for better value.

This feature eliminates the need to move funds to a centralized exchange for simple trades—ideal for users prioritizing privacy and convenience.

Adding New Coins or Tokens

Coinomi supports thousands of tokens across multiple blockchains. If a coin isn’t visible in your wallet:

  1. Go to the menu.
  2. Tap "+Coin" or "+Token" (bottom right).
  3. Enter your password when prompted.
  4. Browse or search for the cryptocurrency you want to add.
  5. Enable it with a tap.

For custom ERC-20 or BEP-20 tokens not listed, you can manually input contract details—though this requires technical accuracy.

Once added, the token will appear in your portfolio and can be sent, received, or exchanged like any other supported asset.

Frequently Asked Questions (FAQ)

Is Coinomi safe to use?

Yes, Coinomi is considered secure due to its non-custodial architecture, local encryption, and mandatory seed phrase backup. However, security depends heavily on user behavior—protect your recovery phrase and device at all times.

Can I access my Coinomi wallet on multiple devices?

You can restore your wallet on another device using the same 18-word recovery phrase. However, never use the phrase on untrusted devices or online tools.

Does Coinomi charge transaction fees?

Coinomi itself doesn't charge sending or receiving fees. However, you must pay standard blockchain network fees (miners’ fees), which vary based on network congestion.

Why can't I find my coin in Coinomi?

Some newer or low-market-cap tokens may not be preloaded. Use the "+Coin" function to enable support. Always verify token contracts from official sources before adding.

Can I stake or earn interest on my coins in Coinomi?

Currently, Coinomi does not offer built-in staking or yield-generating features. Its focus remains on secure storage and basic transactional functionality.

Is there customer support for Coinomi?

Coinomi provides limited direct support due to its decentralized nature. Users are encouraged to consult official documentation and community forums for help.

Final Thoughts

Coinomi stands out as a powerful yet accessible cryptocurrency wallet for users seeking broad asset compatibility and full control over their private keys. Its long-standing presence since 2014 speaks volumes about its reliability in an industry where many projects come and go.

While it lacks advanced features like staking or built-in fiat on-ramps, its integration with Changelly and ShapeShift delivers essential exchange capabilities without compromising security.

For Japanese-speaking Android users, Coinomi offers a rare combination of native language support and robust functionality—an advantage over many international wallets.

👉 Explore secure ways to manage your growing crypto portfolio today.

Whether you're consolidating multiple holdings or simply looking for a trustworthy cold storage alternative on mobile, Coinomi remains a solid choice in 2025’s evolving digital asset landscape.

Core Keywords: