Best Bitcoin wallet for your android mobile device
If you want to store your bitcoins and you prefer it on your android mobile device this post is meant for you
Note that mobile wallets[ android, ios] are the least secure form of Bitcoin wallets, which is because your mobile device tends to get stolen ,lost or broken that is your private keys are stored on the device and therefore if anything should happen to the device yo can't gain access to your coins.
There is a backup for your wallet by using the 12-24 seed phrase shown to you when you first install the wallet. The seed phrase is very important and should be kept out of reach of any one but yourself. I will talk about 6 popular wallets used and also their pros amd cons
#1 Coinbase
Most people think it is a Bitcoin wallets which is not true. It is an exchange that let you hold Bitcoins
https://blog.coinbase.com/coinbase-is-not-a-wallet-b5b9293ca0e7
It doesn't give access to your own private keys
#2 mycelium
It is an android Bitcoin wallet which features a wealth of advanced privacy and security features. The wallet can be a bit complicated for newbie users but still the safest and fastest. It is an open source software program which is upgraded constantly.
It does not have a desktop or web interface, can only be accessed only by mobile wallet.
https://wallet.mycelium.com/
#3 Bread wallet Android Bitcoin wallet
The source code of this wallet is open and only two badic features are seen within the app, which are "send" and "receive".
It is very easy to understand and use, it leaves the wallet
exposed without any advanced protection in place.
https://99bitcoins.com/goto/breadwallet
#4 Copay Android Bitcoin wallet
It is created by Bitpay multisig which stands for multi signature that is it requires a certain amount of people to approve before a transaction.
In terms of security it is good but it makes it difficult to send Bitcoin in some cases. It is available on ios Android and desktop
#5 Jaxx Android bit coin wallet
It is new, a mobile wallet with an intuitive interface. It can pair across multiple devices that is can be used for the same funds out of your phone or desktop. It is used for different cryptocurrencies
If you are using his wallet don't store large amount of coins because it is having safety concerns which were raised by developers around the community regarding the wallet
#6 Green Bits Android wallet
It is also called green address. It offers good security and also weak user experience.It is best for people who have more experience with Bitcoin
Lastly ending this review please note that when using a mobile wallet take the following steps
- Dont store large amount of Bitcoin on your mobile wallet
- Use a pin code protection for your wallet if possible
- Write down the 12-24 word seed you get when you set up your wallet and keep in a safe place
Every wallet allowed in google play store is verified which no malicious app will steal the coins after been saved to the wallet. It is crucial yo download known apps and make sure they are the official app you are looking for.