When you buy cryptocurrencies, you gotta store them somewhere. As you can’t do this at your local bank. You should be able to use a special crypto wallet to store them. Check out below and learn which one we picked as top 6 best mobile crypto wallets.
Are you looking for a suitable wallet application? Then you come here to the right article. We will cover the best and most used mobile crypto wallets. This way you know for sure that you can store your cryptocurrencies without worries in one of the wallets below.
- 1 Atomic Wallet
- 2 Trust Wallet
- 3 Mycelium
- 4 Samurai Wallet
- 5 Coinomi
- 6 Exodus Wallet
Atomic Wallet was launched in 2017 thanks to the ingenuity of an outstanding team led by Konstantin Gladych, founder of the exchange Changelly. Atomic Wallet is a decentralized crypto wallet that allows you to store, exchange and transfer your cryptocurrencies.
This wallet offers a lot of unique features that make it quite a revolutionary wallet in the cryptocurrency ecosystem. It is compatible with various operating systems and supports hundreds of digital currencies.
How to use the Atomic Wallet?
Atomic Wallet is very easy to use. All you need to do is create an account on this platform and you’re done. Once your addresses and private keys have been generated, you can use them with confidence. In fact, the Atomic Wallet uses its own OrderBook technology, based on the BitTorrent protocol.
If you want to trade crypto from Atomic, you will have to work with the following services: Changelly and ShapeShift. In fact, Atomic Wallet has integrated their APIs for this purpose. It is therefore important to have a stable internet connection so that the blockchain explorers can manage your balance and transaction history.
What features does Atomic Wallet have?
Atomic Wallet has combined smart integrations and recent blockchain innovations to make it easy to manage your crypto seamlessly. The Atomic Wallet team has developed features that enhance the crypto wallet experience of its users.
Atomic Swaps feature
The Atomic Swaps feature facilitates crypto transactions. In fact, Atomic Swaps work in a blockchain and the presence of a third party is not necessary during the transactions. In addition, the costs for swaps are very low. Therefore, you no longer have to buy or sell the tokens on an exchange platform that will charge commissions. Unfortunately, few coins are supported.
A clean and ergonomic user interface
Atomic Wallet gets a lot of praise for its ergonomic and easy-to-use interface. It becomes easy for you to navigate through this wallet and browse all the available features. In addition, you will find various customization options via the settings. Also, there is an easy-to-use Airdrop feature when adding a particular token. This takes the hassle out of claiming airdrops.
Atomic Wallet has implemented instant exchanges offered by decentralized platforms such as Binance, ShapeShift, and Changelly. This merger makes it possible to quickly buy or sell more than 100 cryptocurrencies from the wallet interface. In addition, it is possible to buy tokens with Fiat, especially USD and EUR. The purchased tokens are transferred directly to your online crypto wallet.
The application offers the staking of some cryptocurrencies. Placing your assets means locking them in from participating in certain steps on the blockchain.
Cryptos are stored for free in a virtual vault so that you can receive some of them as a reward. It is a kind of dividend or better like compensation for not touching your cryptocurrencies for a while. A great way to earn passive income.
Trust Wallet is a crypto wallet app that was created in November 2017 by Viktor Radchenko, who is also the founder of the company Six Days LLC. At the time, his goal was to build a wallet that integrates ERC20 tokens. As of July 31, 2018, Binance has acquired this company to become Binance’s official wallet.
Trust Wallet is only for mobile users, who can store, send, receive or exchange Bitcoin and many other altcoins and ERC-20 coins in it. You will also find a dApp browser that provides access to various decentralized applications (dApps).
In addition, Trust Wallet has leveraged its partnership with Web3 browser and Kyber Network to integrate a decentralized exchange. In other words, the wallet easily works with dApps. And what about strikes? In fact, it uses the Proof of Stake consensus algorithm to create new blocks and reward strikers.
How can Trust Wallet be used?
After the purchase in 2018 by Binance, Trust Wallet immediately became the official wallet of this trading platform. Obviously, it is a decentralized exchange, which means users have full control over their private keys, as well as over the entire crypto wallet.
With this mobile trading application, it is possible to develop a wallet and dApps without any hassle. That is why blockchain developers use Trust Wallet to store multiple tokens. Trust Wallet only serves as a gateway between investors and the various blockchains. And each blockchain provides its public addresses to encrypt and store crypto assets.
The features of Trust Wallet
First, we must recognize that Trust Wallet is a software wallet. It is then considered a hot wallet that must be connected to the internet to store private keys.
It should also be noted that Trust Wallet is an open source application, which means that you do not need to provide your basic information to create a wallet address. In addition, you do not have to pay any costs for managing the wallet.
Suitable for every type of crypto trader
Trust Wallet is ideal for all crypto investors who are planning to store their cryptocurrencies. And if you’re looking for a convenient place to send, receive and exchange cryptocurrencies, Trust Wallet is the mobile app to use.
Unfortunately it is not possible to use fiat currency in this wallet. So you will really have to have that done by another party.
Suitable for smartphones
Trust Wallet has mainly focused on mobile users. In other words, this crypto wallet can be accessed through the following smartphones and iPhone:
- Android 5.0 or higher
- iOS version 10.0 or higher
You can download the official Trust Wallet application from the Apple Store for iOS devices and Google Play for Android devices. However, it is not possible to use this wallet on a desktop or from a browser.
Supports many crypto coins
At first, Trust Wallet only supported cryptocurrencies such as Ethereum and Ethereum Classic, as well as all ERC20 and ERC23 coins. Currently, it supports other cryptocurrencies such as Binance Coin, Bitcoin, TRON , Cosmos, Maker, THETA and Cardano. In addition, Trust Wallet also supports more than 2,000 stablecoins, of which PAX , USDT, and DAI are the most popular.
MyCelium was founded in 2008 by a group of hardware engineers. The team started working on the blockchain with the rise and popularity of bitcoin in the following years.
The company offers Bitcoin wallet MyCelium, which provides an accessible option for smartphone users. The app aims to make Bitcoin easy to use and functional, helping to bridge the real money gap while keeping it safe.
How can you use MyCelium?
Other people are very positive about the MyCelium wallet. The app can be downloaded from the Google Play Store and has a 4.5-star rating. There are thousands of satisfied users who keep praising it. Of course, there are always some bad reviews, but most of them are about individual issues and not about the wallet experience as a whole.
The features of MyCelium
To better understand MyCelium, let’s take a look at the key features of this wallet.
Clear user interface
The popularity of the wallet is due to the cleverly designed application. MyCelium Wallet is available on Google Play and iTunes (for both Android and iPhone), which should be good for about 99% of smartphone users.
Upon opening the app, you are greeted by your Bitcoin wallet and simple, easy-to-understand tabs. There you will find a QR code to receive your cryptocurrencies in your wallet, and buttons for sending and receiving, along with the current exchange rate.
Security is always an important topic for wallet apps, no matter what platform you use. It would be foolish to transfer cryptocurrencies to a wallet without checking the security options and protocols first.
The wallet has the usual interface security in the form of a personal PIN code. This code is needed to open the application, send money, and export private keys. This should at least protect you from any malicious persons. Overall, MyCelium Wallet for a cryptocurrency smartphone wallet is a leader in protecting your Bitcoins.
Accessibility of MyCelium
If you want to use Bitcoin functionally on a daily basis, MyCelium is always ready to be used. You can make payments or receive money within seconds via the QR code on the wallet homepage. The quick camera feature helps you scan other codes, including using the camera’s lighting.
There are several options to set your personal preferences, including choosing where to take the reference exchange rate. The wallet refers to Bitstamp, Kraken, Gemini, and a selection of market prices. It is the ideal solution for traders who want to keep a close eye on their investments.
Easy to use
MyCelium is easy to understand, and also has more complex functions for advanced users if needed. Sending and receiving is almost instantaneous, making it suitable for storing and using small amounts of Bitcoin. The clear interface of this wallet ensures that even users with little experience within the crypto world can use this wallet.
Samourai is a mobile Bitcoin wallet available for Android phones. The iOS version is currently in development. The wallet is coded in Java and is still in the alpha version.
Keeping privacy and security in mind, this wallet has gained a lot of support within the Bitcoin community so far. It supports IP anonymity over VPNs or TOR. Samourai is also one of the first wallets with SegWit, which lowers transaction costs and paves the way for future Lightning Network integration.
The Samourai wallet does not support multi-signatures. A joint check of one account is therefore not possible. However, users can create multiple accounts, which can be useful for separating business transactions from private transactions.
Main features of Samourai
Let’s take a look at the main features of the Samourai wallet.
Samourai Wallet offers a stealth mode. When this mode is activated, the application shortcut will disappear from your home screen. To activate the wallet, you must first enter your PIN, just like when dialing a phone number. This feature is extremely useful to hide the existence of your Bitcoin wallet from a malicious person who has stolen your phone.
The wallet closely monitors network conditions so that it can propose a “smart rate” to each user. However, the fees can be changed by the user so that each user can choose their own balance between the speed of confirmation of a transaction and the amount of the fee.
The wallet supports the Replace by Fee (RBF) option, which allows a transaction to be validated within a reasonable time, even if the transaction fees are set too low. The fee is then adjusted slightly upwards so that the transaction can be validated.
Minimizing costs is a big advantage for a mobile wallet, as it is recommended to keep only small amounts of money in this type of wallet. However, microtransactions often charge much higher fees than large transactions. That is why it is important to optimize them.
Samourai also supports Child Pays for Parent (CPFP) transactions, which allow a recipient to increase costs by creating another transaction dependent on the first. The ability to increase transaction fees is very useful to validate an incoming transaction that has not yet been confirmed due to insufficient fees. This type of lockdown can be very detrimental to cash-strapped businesses.
Security and anonymity
Apart from the support of TOR and VPNs that allow to hide IP addresses, Samourai offers many options to protect the privacy of its users. It is possible to choose a level of confidentiality for each transaction.
All private keys are stored encrypted on your phone. They are never passed on or communicated to a third party. Samourai is a Hierarchical Deterministic (HD) wallet: a single seed phrase is used to generate all your private keys and associated Bitcoin addresses. A PIN is required (between 5 and 8 digits) to approve transactions.
If you have a VPN, it is also possible to connect your Samourai wallet to a full Bitcoin Core node. This node then lets Samourai receive blockchain data directly from your Bitcoin Core wallet. Samourai does not currently support cold storage on a hardware wallet , but is working on it. Support for the Trezor Wallet is apparently planned for a later release.
Coinomi wallet is one of the oldest multi-chain crypto wallets on the market. To date, millions of users around the world are using it. This wallet is compatible with a wide variety of cryptocurrencies and tokens. But what are its features and how do you use it?
The Features of Coinomi Wallet
Coinomi Wallet offers many features compared to other crypto wallets on the market. Let’s take a look at the main features of Coinomi.
eToroCoinomi gives you the option to buy cryptocurrencies with your credit card. To do this, the software works together with Simplex. The functionality is safe and interesting.
With the Cold Staking feature, you are rewarded by putting certain cryptocurrencies or tokens in your Coinomi wallet. We would like to remind you that this system is only valid for blockchains that work with the Proof of Stake protocol such as Ethereum.
With Coinomi wallet it is possible to convert your cryptocurrencies directly into gift cards with which you can pay for purchases in your favorite stores. This means you can also use your wallet as an actual wallet.
This wallet has an intuitive, simplistic and user-friendly interface. It is easy to use even if you are new to it. In addition, the transactions (sending and receiving) are very fast.
Coinomi Wallet offers a high level of security thanks to the innovative protocols applied. In addition, all transactions are anonymous and the application does not even collect your personal information.
In addition, the risks of losing your private keys or assets are limited as the storage is done offline. Finally, we would like to point out that this wallet has never been hacked in more than 5 years.
If you have any problems, you can contact Coinomi customer service at any time, 7 days a week. The skilled, serious and responsive staff can answer all your questions whenever you have any problems with Coinomi wallet.
The Coinomi crypto wallet does not charge any registration, usage or transfer fees. However, you will have to pay a network fee, which is the fee of the miners responsible for registering the transaction on the blockchain. You can also set your own rates or compare prices to find the best deals on the market.
Supported Coins and Tokens
Coinomi Wallet currently supports a wide range of cryptocurrencies and tokens. You can store a total of more than 60 different cryptocurrencies in this wallet, including Bitcoin, Cardano, Ethereum and Ripple.
Some test cryptocurrencies like Bitcoin Test, Litecoin Test and Dogecoin Test are even supported. It is also possible to store different tokens in the Coinomi Wallet.
Founded in 2015, Exodus is a desktop and mobile wallet for cryptocurrencies. It has good qualities regarding its service. The wallet is only available after download on PC or mobile.
This wallet was designed by JP Richardson and Daniel Castagnoli, who took into consideration to create a wallet with a very good design. In addition, they are proposing more than 200 updates per week to quickly improve their desktop wallet. It supports more than 100 cryptocurrencies.
However, the security level of this wallet does not work in its favor. Because of course, a software wallet cannot compete with a physical wallet in terms of security. In addition, the costs are sometimes very high and disproportionate to the quality of the proposed security. Nevertheless, this wallet may still be suitable for you if you feel the features suit you.
How does the Exodus Wallet work?
As with all crypto wallets, it works with the existence of two essential keys. And thanks to its accessible and user-friendly interface, it allows you to receive and send money while storing your cryptocurrency.
So the key to the functioning of this wallet is the simplicity of use and the very simple interface. The application installs on PC or mobile and takes up 110MB of space. There should be no problems during the installation as it is fast and only works locally.
Your cryptocurrencies are stored and encrypted on your hard drive as the software works locally. Plus, you can keep crypto with complete anonymity, unlike some wallets that ask for identity verification. This can be an advantage in many cases.
Features of Exodus Wallet
Let’s take a look at the key features of the Exodus Wallet .
Wide range of cryptocurrencies
Exodus Wallet supports over 100 cryptocurrencies on its app. These include popular digital currencies such as Bitcoin, Ethereum, Ripple, Litecoin and Cosmos.
In addition, you can also store the popular ERC-20 tokens in this wallet, such as Polkadot , Uniswap and Bitcoin Cash . If you look at the cryptocurrencies available on this wallet, it can certainly compete with trading platforms such as eToro and Libertex.
However, the rivalry is limited only to this aspect. Given the level of security and as a regulated broker, these platforms are still a very good way to store your cryptocurrencies.
Easy and fast to download
To use an exodus wallet, you must first download the application to your device. Once the download is complete, you can install the wallet on PC or mobile. After installation, you need to enter a password for your wallet and make a backup. After that, you only need to receive or enter your cryptocurrencies into the wallet to officially become the owner of your wallet.
To protect your crypto coins on this wallet, put your private key on a computer or mobile device. With this system, you have full control over your cryptocurrency, unlike some online wallets. But to protect your crypto on this software wallet, you also need to ensure the security of your computer or smartphone.
We all know that using internet-connected devices can lead to viruses and hacking. That is why it is necessary to update your device and always be vigilant. In addition, you should avoid losing your password to avoid a total loss of your cryptocurrencies.
Thanh Lanh Tran(1989) is Chief Editor from BitcoinUSD.com