‘Bitcoiners’ who own Android phones are usually spoilt for choice when it comes to which of the numerous bitcoin wallets available on Playstore to use. More often than not, a Bitcoin holder has at least 2 wallets on his or her mobile device. The headache for wallet choice is more of which of the many is more secure and easy to use than their availability.
We at icowatchlist.com have done some amount of appraisal on available wallets and decided to give you the ones we classify as ‘Top 5’ at the moment. We believe this will help you make a choice on which to use.
When it comes to simplicity and user-friendly Graphic User Interface (GUI), breadwallet stands tall. For the ‘newbie’ in cryptocurrencies, this is one to consider. It contains no weird Bitcoin terminologies. Language has been simplified so much so that even ‘grandmas’ can use it.
Mycelium has so many features that advanced bitcoin users will love to use. It supports many hardware Bitcoin wallets and offers relatively high privacy. It also scores high marks when it comes to the safety and security of your coins.
Airbitz is best for people who do frequent bitcoin transactions. The wallet has specialized plug-ins that make spending bitcoins easier. Airbitz wallet app enables purchases from Starbucks and Tartet gift cards due to its Fold Integration feature.
Coinomi scores high in reviews. It is a multi-coin wallet that supports bitcoin and other cryptocurrencies. Sending Bitcoin from this wallet is relatively fast on execution, and it also has an integrated ShapeShift exchange which enables coin-conversion right within the wallet. It also rates high in terms of security and safety.
Copay allows you to access your wallet across multiple devices thereby offering a ‘bitcoiner’ convenience. Copay provides some good security due to its multi-signature feature (This feature allows two or more people to own a part of the access password such that even if a password is stolen from one person, the wallet will be inaccessible. The only likely way for the wallet to be breached is if other parts of the password are nabbed from the other holders)
You should not store large amounts of Bitcoins on your Android device! You should have back-up or cold wallet storage. You are better off with offline wallets for large amounts. You should also do your own research on a wallet before installing it. Many wallets are malwares and they can steal your bitcoins once you fund them.