Features of the Coinfinity in-app wallet
Our wallet has the usual features of a wallet app, so you can use it to receive and send Bitcoin as well as carry out consolidations.
Receive Bitcoin via QR code or by copying your Bitcoin address.
Send: Transfer Bitcoin to another person or to another wallet. You can adjust the Network fees yourself (Fast/Medium/Slow) or create your own settings. There is also a note field for transaction purposes.
Settings and information: In the settings menu (config wheel at the top right), you can find more information about the wallet. We will be constantly adding new features here.
Buy Bitcoin directly into your own Coinfinity wallet
Buy Bitcoin via the “Buy” button or via the “Plus” in the main menu. During the buying process, you can specify whether the purchased Bitcoin should be sent to your in-app wallet or to an external address.
How to create your wallet in the app
1. Download or update our app:
Download the Coinfinity app and create an account. If you're already a user, simply update the app in AppStore or Play Store.
2. Discover new features:
After the update, you will see the new “Wallet” item in the menu bar. Here you can create a new wallet or import an existing wallet. We'll focus on creating a new wallet first.
3. Create a wallet:
Click on “Create wallet” and follow the instructions. You will receive an individual recovery phrase with 12 random English words. Make a backup by writing these words down on a piece of paper, for example. Make sure you write them in the correct order. These 12 words contain your private key and are, so to speak, your emergency access to your Bitcoin on this wallet - no one but you should know them.
4. Security check:
Confirm a few words from your recovery phrase to ensure that the backup is correct. Your wallet is then created. You can now set up a savings plan or take a closer look at the wallet. Also write down the derivation path, which you can find later in the wallet settings.
ATTENTION: exemplary screenshot
Importing wallets
Importing a wallet is possible but should be done carefully. Entering your recovery phrase digitally involves risks. In the future, we will also support importing watch-only wallets so you can plug in your hardware wallet directly. By the way, you can of course also import the recovery phrase of your Coinfinity wallet into other wallets.
Further future improvements
In the future, we will of course also be working on other important features such as: transaction export, RBF (replace-by-fee), autocompletion of words for BIP39, coin control, card wallet sweep and much more.
We look forward to your feedback! Which features would you like to see? Contact us directly via the chat in the app (the small speech bubble at the top right).
Attention!
You are responsible for the wallet you generate in the app. Coinfinity has no access to your Bitcoin or your private key and the wallet is not linked to your Coinfinity account. If you delete the app or lose your smartphone, you must restore the wallet using your backup.