WHAT IS BITCOIN WALLET?
Bitcoin Wallet is easy to use and reliable, while also being secure and fast. Its vision is de-centralization and zero trust; no central service is needed for Bitcoin-related operations. The app is the best choice for non-technical people.
In case you’re contributing in Bitcoin, at that point it’s fundamental you have the best Bitcoin wallet software, and in this guide we list the best Bitcoin wallet applications accessible for Android phones and gadgets, enabling you to take your digital currencies with you progressing.
Finding the best bitcoin wallet for Android is hard. There are such huge numbers of choices!
Fortunately for you, today I’ve sorted out the most prominent wallets for Android to make choosing which one to utilize simpler for you.
Best Android Bitcoin Wallets: 2019
Here’s my final best list for android bitcoin wallets for 2019.
1. Coinomi – Manage and exchange all your coins in one place
- Supports multiple cryptocurrencies
- Restore your coins easily with backup phrase
- Some users claim issues with exchanging coins
- Quick and easy to trade currencies.
- All the private keys are stored on your personal device only.
- No one can access your accounts without your password.
- Wallet can be fully restored or migrated when required.
- High levels of privacy and security.
- Currently this is not available other than Android phones.
- Since it is Open source it is accessible to the public except few parts which are kept private.
2. Electrum – The ultimate lightweight and portable Bitcoin wallet
Electrum is a light weight Bitcoin wallet for Mac, Linux, and Windows. Electrum was created in November 2011.
The main features of Electrum are: support for hardware wallets (such as TREZOR, Ledger Nano and KeepKey), and secure Bitcoin storage using an offline computer. Electrum is a good option for both beginners and advanced users.
- Simple to Use and Good User Interface
- Excellent reputation
- Strong security features
- Less features when compared to other Wallets
- More tedious process to store as it first stores in mBTC
- Occasional issues with QR scanner
3. Mycelium – Benefit from a Swiss army knife of privacy features
MyCelium is a popular mobile app wallet that features a wealth of advanced privacy and security features. Yes, the wallet can be a bit complicated for newbie users but it’s still one of the safest and fastest on the market.
As an open source software program, MyCelium is constantly being upgraded.
- Highly acclaimed
- Compatible with hardware wallets
- No Segwit support
- This wallet has the highest rating out of all the other Bitcoin wallets available.
- It isn’t as secure as hardware wallets as if someone steals your phone and has access to it, the person can easily take the Bitcoins out of the wallet into their own.
- Smartphones can also be hacked a lot easier than hardware wallets, making your coins a lot more vulnerable and easier to steal for hackers.
4. Jaxx – is a relatively new and controversial wallet
Jaxx was started in 2014 and has quickly become one of the most popular mobile bitcoin wallets around.
However, it doesn’t only store bitcoin, as it also supports Bitcoin Cash, Ethereum and more than 50 other cryptocurrencies.
On the one hand Jaxx seems to be a clear winner when it comes to mobile wallets. It has an intuitive interface, can pair across multiple devices and it holds a wide variety of cryptocurrencies.
- Multi-platform and can be accessed across many different type of devices.
- More secured as Hackers cannot steal the coins stored on physical device.
- For any transaction we do it takes time to reflect when compared with other wallets.
- One drawback to be wary of, with reports in June 2017 revealing that a “vulnerability” in Jaxx had resulted in the theft of US$400,000 in customer funds.
Created by one of the biggest Bitcoin payment service providers, Bitpay, Copay is a great, secure alternative to storing your Bitcoins.
- More than one Signature is required for a transaction
- It is Open source
- Not User friendly
- Based on Multi-signature hard to use for everyone.
6. GreenBits Bitcoin Wallet – Spend your Bitcoin quickly and securely
This is one of the securest online wallets available, we highly recommend it to those that want to use an online wallet but worry about the security flaws that come alongside online wallets.
- More secured as it is a Multi-Signature Wallet
- Can be used on Mobile
- Make instant payments
- Extremely secure
- Not easy to access for less amount as it is difficult to access and less affordability.
Coinbase’s founders have a proven startup track record and have raised money from very prominent venture capitalists. It has apps for both iOS and Android, and features built-in wallets for bitcoins, ether, and the good old US dollar.
This gives Coinbase a level of legitimacy unparalleled in the Bitcoin space. They are also one of the only large Bitcoin companies to never suffer a major hack.
The wallets are very secure, requiring a three-step verification process in order to access the Coinbase app.
- Highest Security of all Wallets
- Has Biggest Exchanges
- You can Sell any Coins at Standard Price w/o exchange to $.
- Fees are very High even if we are selling to them
- Since it is online wallet more prone to attack when compared to Hardware wallet’s.
8. Bitcoin Wallet – One of the simplest ways to get started with Bitcoin
If you’re looking for a straightforward way to send and receive Bitcoin and store it on your phone, then this android application is a good alternative to the options above.
- Very User friendly and easy to Use
- Mobile App is supported.
- Not secured
- Extra fees are charged if purchasing from Mobile APP.
- Can’t manage fees or export private keys.
10. Airbitz Bitcoin Wallet
Airbitz is a mobile Bitcoin Wallet making high levels of privacy, security, and decentralization very familiar and usable to the masses.
Airbitz wallets are always automatically encrypted, backed up, and even function when Airbitz servers go down.
- Hosted control over your money
- Decentralized validation
- Basic transparency
- Secure environment
- Basic privacy
- Dynamic fee suggestions
Please remember the following rules when using a mobile wallet:
- Always set a pin code protection for your wallet if possible
- Never store large amounts of Bitcoin on your mobile wallet
- Write down 12-24 word seed you get when you set up your wallet and keep in a safe/secure place.
- Every wallet allowed into GooglePlay is verified.
- When you download the app, make sure the app page is secure (https://) only.
As should be obvious, there are numerous choices to look over when picking the best Android wallet to suit your own needs. In case you’re a novice client who needs a decent balance of straightforwardness and features, Coinbase is likely your most solid option.
In any case, if protection and secrecy are your needs, Mycelium may be a superior fit. At that point, for people who need additional enemy of anti-theft measures, Copay offers an incredible solution.
What are your musings on these bitcoin wallet applications? Which one did you run with? Don’t hesitate to post your remarks and any proposals down beneath!