Which mobile wallet is best for cryptocurrency?

Taking your cryptocurrencies with you on the road comes with its own set of risks. So, that doesn’t have to be the case, which is why we’ve put together a list of the best mobile crypto wallets you can use.

Sit back, relax, and take a look at what we’ve gathered in this article. You can find these and more on the Tezro blog, so be sure to pay them a visit.

1. Mycelium Bitcoin Wallet

Founded in 2008, Mycelium is one of the oldest cryptocurrency wallets on this list. And although it only supports a limited number of cryptocurrencies, namely Bitcoin and Ethereum, Mycelium has a strong security record.

With Mycelium, users are promised anonymity and confidentiality of data at all times. Thanks to the open source code of the wallet, transparency is guaranteed. This way, you can rest easy knowing that your cryptocurrencies are in good hands.

On top of that, Mycelium comes with interface protection – a feature that uses a PIN code to block access to the wallet app. In this way, you prevent unauthorized transfers in the event of loss or theft of your mobile device.

In addition, Mycelium is also compatible with cold wallets and allows users to monitor their crypto holdings offline.

Benefits:

• Simple and easy to use interface
• Strong security features
• Compatible with hardware wallets
• open source code

The inconvenients:

• Only supports a limited number of cryptocurrencies
• Lack of two-factor authentication

2. Coinbase Wallet

Coinbase Wallet is a dynamic wallet managed by the world famous crypto exchange; Coinbase.

The wallet features support over 500 different types of cryptocurrencies. They can even be integrated with your bank account, allowing you to buy crypto with fiat currencies such as the US dollar.

In terms of security, Coinbase does not disappoint as the Coinbase wallet is protected with AES-256-bit encryption while also offering two-factor authentication. Also, being affiliated with a major crypto exchange does not hurt.

However, be aware of high fees charged by Coinbase and poor customer support.

Benefits:

• Backed by a significant crypto exchange: Coinbase
• Large selection of supported cryptocurrencies
• Can be integrated with bank accounts
• Easy transfer with Coinbase and Coinbase wallet
• Comes with two-factor authentication (2FA)

The inconvenients:

• Bad customer service
• High fees

3. Exodus Bitcoin & Crypto Wallet

Although Exodus has great support for desktop users, that doesn’t mean the wallet isn’t a great mobile wallet either.

Far from it, in fact. Exodus offers mobile apps for Android and iOS devices. Both of these apps have a decent user interface that is easy to use and intuitive. And if you’re an investor, you’ll appreciate live charts and portfolio data for analysis.

It’s also good to see that Exodus comes with a built-in exchange, so you don’t have to worry about transferring cryptos.

Thanks to its excellent customer service, wide selection of cryptos, and free-to-use nature, Exodus is one of the best all-around crypto wallets on this list.

However, the wallet is let down by occasional slowdowns on peak days and lack of compatibility with cold wallets. So if cold wallets are a regular part of your routine, you might want to look at something else on this list.

Benefits:

• Excellent support for desktop users
• Great customer service
• Large selection of supported cryptocurrencies
• Free to use

The inconvenients:

• Not compatible with cold wallets
• Service sometimes slows down on peak days

4. Electrum

Another certified classic Bitcoin wallet, Electrum, is popular with advanced Bitcoin users looking for more. Unlike other traditional crypto wallets, Electrum only supports Bitcoin and nothing else.

While this may put some users off, Electrum’s strong track record of solid security, compatibility with cold wallets, and an easy-to-use interface makes it hard to ignore.

Ask any bitcoin enthusiast, and they’ll tell you that Electrum is one of the most secure bitcoin hot wallets available today.

However, note that Electrum is primarily geared towards advanced users and offers no customer support of any kind. Instead, you’ll have to settle for a few FAQs and tutorials on the Electrum page.

Benefits:

• Strong security experience
• Smooth and easy to use interface
• Compatible with cold wallets
• Can interface with other types of hot wallets

The inconvenients:

• Only supports Bitcoins
• Non-existent customer support

Final Thoughts

So there you have it: a selection of the best mobile wallets for storing your cryptocurrencies.

While these wallets are safe and proven, always remember that the best way to protect your cryptos is to practice good security hygiene at all times.