However, remember that you need to keep your phone encrypted and your backup safe.īy default, when you start the Mycelium app, it opens the balance page and gives you options to send and receive Bitcoin. Running apps in isolation provides excellent protection against malware.
When you install the app on your phone, it runs in isolation from other apps.
Mycelium follows open-source standards it’s deterministically coded and completely transparent, so you can be sure that there are no secret lines of code that will take control of your BTC. Aside from Bitcoin, Mycelium supports Ethereum and ERC-20 tokens, making it the easiest Bitcoin wallet if you own Ether as well. Due to Bitcoin’s nature, if you lose both the phone and the backup, your BTC is effectively lost forever. That means that even if you lose the phone with BTC on it, you can restore it on another by using Mycelium’s backup feature. Like any app from a responsible developer, Mycelium reminds you to keep your wallet backed up.
The app was released in 2013 for the Android platform, and it’s also ported to iOS. It’s another app like Bitcoin Wallet with a long history and clean record. Mycelium is one of the best Bitcoin wallets on Android, and with more than a million downloads from Google Play, we can see why. Having a transaction with a modest fee can see it remain unverified for a while. That’s why it’s essential to familiarize yourself with the Bitcoin ecosystem and how it works. The fact is that some users are not familiar with the concept of miner fees and don’t understand that the transactions are prioritized accordingly. Thankfully, if your payment is stuck because you’ve allowed for too small a fee, you’ll be glad to know that Bitcoin Wallet supports both CPFP and RBF.Įven though the app is one of the top crypto wallets, its rating on Google Play doesn’t reflect that. If you’re not sure how much to allocate for the mining fee, the app itself can provide a suggestion based on the Bitcoin network’s current state. The wallet gives you complete control over your transaction fees. It’s excellent to see that Bitcoin Wallet supports Tor, and you can set it up as a proxy to prevent your ISP or any bad actors from associating your IP and Bitcoin addresses. Keep in mind that network peers can match your IP address with your transactions, so the best cryptocurrency wallet app does have to include some ways of mitigating that threat. However, developers do also recommend manually rotating addresses each time you receive a payment. For example, the app automatically rotates your addresses when making payments. With Bitcoin Wallet, you have some inbuilt privacy features. You can skip the “send coins” button altogether and just click on the camera to scan a QR code. The Android Bitcoin Wallet app draws its prices from CoinGecko’s API, which the developers chose because the value it conveys doesn’t depend on a single exchange.Īn overview of transactions you’ve made and received takes up most of the interface, while the buttons for requesting and sending coins are clearly labeled at the bottom. You can also see your balance expressed in some of the world’s major fiat currencies. The denomination options available are ♛TC, mBTC, and BTC with four to eight decimal places. You can see your BTC balance at the top of the app next to the QR code for your Bitcoin address. The interface is intuitive and easy to use, even for newcomers to the crypto space. You can find all this data in the “about” section of the app.
The app’s developers are also quite transparent on what other libraries the software uses, like QR code scanning, cryptography, helpers, and framework. It supports Bech32 and SegWit, and will automatically generate you a Bech32 Bitcoin address.Īs with any other BTC wallet on Android, you can find the Bitcoin Wallet source code on GitHub available for peer review.
It effectively means that you don’t have to run a full Bitcoin node on your mobile device to validate it.
Like most wallets built for mobile devices, Bitcoin Wallet uses SPV (simplified payment verification) to validate transactions. Ensure that the wallet is backed up and set up a secure password. When you install the app, you’ll need to take specific security steps. It has been downloaded more than 5 million times and has proven itself to be the most reliable way of sending and receiving Bitcoin securely. Without a doubt in our minds, this is the best Bitcoin wallet for Android.
If you’re looking for an app from the most established source, there’s no better solution than Bitcoin Wallet, which has been available on Google Play since 2011.