In this Poolin wallet review, we take a look at the Poolin (mobile) wallet. Even if you haven’t used the Poolin wallet yet, you might have heard their name before. Famous for their Poolin mining pool the company also ventured into the wallet business. With their custodial wallet that has a big focus on earning (Defi) interest. Build in a way so that users can earn more on their investments or mining rewards in a user-friendly way.
So the Poolin wallet has a very stimulating design. With on the main wallet page a display of interest-earning products and the rest of the wallet’s features. At the top of the main screen, we find a send, receive, and trade menu. And under that a smaller menu displaying the other features like loans, leverage, referrals, and more. Down at the bottom, you have a tabs menu that lets you go to different tabs. Each tab has a similar page structure making them very easy to understand.
Thanks to the design that Poolin used for their wallet, it is quite easy to understand. This is mostly thanks to its use of the classic Poolin brand colors of dark blue. Using this color pattern gives a calm and easy feel to it when you are using the wallet. Even though the wallet is filled with many features.
As the Poolin wallet handles the private key management for users. It ain’t possible for users to just connect to any Defi Dapp they want. However, Poolin has found a nice way around this by still offering users the option to use Defi with their easy-to-use Defi interface. Here users do not have to think about what platform or how to connect with the platform, key signing, technical stuff, etc. Poolin just gives users a simple interface and on top of that also insurance on their Defi activities.
When It comes to extra features (besides sending and receiving crypto) Poolin wallet offers the following.
- Earning interest
- No technical difficulties or backups because of the login with your phone number or email address
- Address book
- Lots of trading options
- Standardized Mining feature
Pros and Cons
✓ Smooth UX & UI
✓ Lots of features without being overwhelming
✓ Lets you create mutual accounts
✗ No side chains support yet, making deposits and withdrawals of Bitcoin and Ethereum a bit expensive for small users.
Like every other Wallet out there, the Poolin wallet has flaws and missing things. The flaws that we point out are of course based on our personal opinion and we would like to point out that they don’t always have to be a hindrance to anyone.
The Poolin wallet looks to us like a good useful wallet for many different types of crypto users alike. Because of its easy setup, you can start using it in a matter of seconds. However, there are two things we would like to see improved. As the wallet functions as a custodial wallet, it requires users to go through KYC before a withdrawal can occur. It seems that some users didn’t know about this and left bad reviews about the wallet (even though it says this in the description). A little notification about this when opening the wallet for the first time could thus prevent this little misunderstanding.
As second, we would like to always recommend sidechain support for cheap transactions. Because small users may not have the funds to use certain blockchains when the main chain has expensive fees. Although Poolin already provides free transactions within their wallet ecosystem and the Mixin network system.
We hope you enjoyed our Poolin Wallet review. In case you do not agree with our opinion? You can write your own Poolin wallet review here! And also check out what other people think about the Poolin wallet.
Extra note: So as always check the date of this review to see if it is relevant. Wallets can add new functions and change designs to improve their product so a bad review now won’t mean they can’t be great in the future.