Financial journalist. I've been covering financial markets since 2005. Cryptocurrency writer since 2016. Love cooking, reading and spending time with my dogs.

Jul 02, 2020

Lumi open-source crypto wallet provides mobile versions for both Android and iOS platforms as well as the web version. The wallet powers transactions with multiple coins, including exchange transactions. Lumi was launched in late 2017.

Lumi supports Bitcoin, Ethereum, Bitcoin Cash, EOS along with more than 1000 ERC-20 tokens. The wallet allows buying cryptos via bank cards. The EU residents can also withdraw Bitcoins to Visa cards via Lumi. Private keys are stored on a client’s side but outside a client’s device.

Lumi offers cross-currency conversion at fixed rates.

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Decentralized P2P Ecosystem

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One can create a Lumi wallet or import an existing wallet. When creating a Lumi wallet, a user needs to write down a mnemonic phrase in a safe place and download a wallet file. No registration is required. However, the KYC procedure is mentioned in the wallet’s Google Play profile.

The in-app Dapp browser allows users to benefit from Ethereum dApps. Lumi is protected with the fingerprint and Face ID.

The wallet is a product of Lumi technologies, along with other solutions, such as Lumi collectibles wallet for storing ERC-721 tokens. The Lumi service is governed by Hong Kong law.

Our Score

Security 4 / 5

Support 4 / 5

Ease of use 4 / 5

Reputation 4 / 5

Fees 4 / 5

Our Score

4.0 / 5

Pros and Cons

pros

- Open-source
- Support of 1000+ ERC-20 tokens
- Purchase with fiat currencies is available
- No registration is required

cons