Coinomi allows you to manage an infinite number of blockchain wallets with one streamlined app. Each of your added HD wallets can benefit from its own encryption settings to make it easier and more secure to manage your wallets for specific scenarios. Currently the options below are only available on Coinomi for Android and desktop.
Adding a second HD wallet:
1. Open the left side menu and select your wallet name
2. Select 'Manage Wallets' to open the wallet management page
3. Open the FAB button and select whether you would like to create a new wallet or restore an existing phrase.
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Each HD wallet you add with this method will have its own recovery phrase and must be backed up individually. If you need individualized balances but don't want to manage multiple backups, you may prefer to simply add a coin a second time on your existing HD wallet.
Switching the active wallet:
1. Tap the arrow under the Coinomi logo
2. Select the wallet you want to activate
Renaming a wallet:
1. Open the 'Manage Wallets' page
2. Select the 3 dots at the side of the wallet you would like to rename
3. Select 'Rename Wallet'
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Deleting a wallet:
1. Open the 'Manage Wallets' page
2. Select the 3 dots at the side of the wallet which you would like to delete
3. Select 'delete' and confirm that you would like to delete the wallet
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Always ensure you have a correct backup of your recovery phrase before deleting a wallet. Failure to save your phrase will result in loss of funds. Remember that each HD wallet is backed up by its own phrase.
Changing the Encryption (password) settings:
1. Open the 'Manage Wallets'
2. Select the 3 dots at the side of the wallet which you would like to change your encryption settings for
3. Select 'Encryption Settings' and change your settings accordingly.
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Each of your HD wallets can have its own encryption and authentication method. For example your "Daily spend" wallet can have just biometric authentication, while your "Savings" wallet with more funds can have password+biometric.