Best mobile wallets to save your bitcoins

More and more physical stores and stores accept Bitcoin as a payment method. Over time and due to this exponential growth, many developers and companies began to develop mobile wallets so that users could send and receive bitcoin transactions in a simple way from a device that more and more people use, the Smartphone.

Now that you know how bitcoins are stored y some of the safest and fastest computer wallets, it is time to know the existing alternatives for mobile devices so that you can always carry your bitcoins, pay for services or products from your mobile device and even make a demonstration to any seller to see how comfortable and safe it is to pay and receive payments with bitcoin.

2X1! Useful for you and educational for the merchant who may start accepting bitcoin in your trade. Who better than you to recommend this electronic payment system?

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Benefits of Bitcoin mobile wallets

In addition to the versatility that we have discussed in the introduction of this article in our guide, mobile wallets often share many of the characteristics of conventional wallets in terms of security and functionality.

• Easy to use: You can use a BTC wallet in the same way that you would use the official application of your bank or make a payment with platforms such as Paypal. In less than 1 minute you can be sending and receiving payments. It's that simple!
• Increasing payment method: There are already more than 7500 (documented) businesses that have begun to accept bitcoins as a payment method worldwide. In fact, you can search for the sites closest to you that accept cryptocurrency payments using our Bit2Me Directory.
• Safety: Some of the conventional means to save your BTC usually incorporate additional security measures such as double authentication factor (2FA) or access passwords. In this way and despite the fact that anyone had access to the applications of your mobile, he would have to know your additional access password to access the application and even a PIN to make payments.
• Other characteristics
  • No registration or added costs. All the wallets that we will cite in this article are available for free to anyone who downloads them.
  • Constant updates from the community. We will try to recommend portfolios with a stable update level and with active maintenance or support.
  • Option to make backup copies and avoid the loss of your bitcoins. These wallets allow you to import and export your private keys in the simplest way possible.

How to choose your mobile bitcoin wallet?

The adoption of Bitcoin and other cryptocurrencies as a payment method is supported by smartphones as a platform to pay easily in establishments of all kinds. To facilitate the use, different smartphone wallets have been developed that allow easy use when making payments.

Most smartphone wallets are compatible with the two most important operating systems on the market: Google Android and Apple iOS. We must emphasize at this point that Windows Phone is a forgotten operating system in time and that it is no longer used, therefore, there are currently no compatible cryptocurrency wallets.

Why a smartphone wallet?

Nowadays we use our smartphone for everything, to communicate, to buy, to book flights and hotels, to inform ourselves and practically anything we can think of. That is why they are fundamental to the ecosystem of cryptocurrencies, , because its purpose is to allow the use of cryptocurrencies to make purchases in establishments in a comfortable, fast and simple way.

Some of the most important aspects of these smartphone wallets are:

1. Easy to use.
2. Increasing payment method.
3. High level of security.
4. No registration is required.
5. Constant updates to maintain security and integrity.
6. Making backup copies.
7. They are completely free.
8. They accept multiple cryptocurrencies.

Main wallets for Android and iOS

Mycelium

The Mycelium project was initially called BitcoinSpinner, but on September 13, 2013 it was renamed Mycelium. The company that develops it is based in Vienna, Austria and is called Megion Research Development (creators of other products for the Bitcoin ecosystem such as Entropy or Bitcoincard)

In addition to offering a smartphone wallet, they also offer a payment gateway, their own card to pay with Bitcoin and a cold wallet.

To improve security on October 7, 2014, support was added for the hierarchical deterministic system or HD.

We are talking about a fast open source wallet for Android with features such as offline storage (cold wallet) that allows you to add a higher level of security to your bitcoins that are kept offline. In addition, it has a long list of functions such as:

1. Generation of a new public address after each payment received.
2. Full control over your private keys.
3. Lightweight wallet: we talked about them in previous articles in our guide. You will not have to download the entire chain of blocks to use it, so you can install and open it in a matter of seconds with the help of all the super nodes of the network.
4. Possibility of connecting to nodes. via Tor. Not all mobile wallets offer this functionality that increases your privacy.
5. Trezor compatibility: the use of hardware wallets is constantly increasing. More and more people are using them to save their bitcoin. Mycelium is not far behind and allows you to control your TREZOR from it.
6. The bitcoin Mycelium wallet allows you to secure your wallet with a PIN code so that no one other than you has access to it.

Some of its main characteristics are:

• Control: It offers us total control over our private keys, which will never be outside the application unless we personally export them
• Management: They have centralized private servers that allow the management of all transactions in a secure manner.
• Transparency: Free source code on GitHub and therefore anyone can audit the code and verify whether it is safe or not.
• Security: As it is intended for smartphones, you have the assurance that no spyware can access the application
• Privacy: It seeks to complicate that they can spy on the information of payments made as well as the balance. It allows the use of the Tor network as a proxy to prevent third parties from associating your IP address with your payment address.
• Smartphone: It has a version for Android and to iOS, but additionally, support for Bitcoin Cash is offered through an extension.

Quick guide to use the Mycelium wallet in Spanish

First of all it is important download the latest version compatible with your device from your application manager like Google Play.

Once you have it downloaded and installed on your system it is time to open the wallet and start with its security settings. We have already commented that Mycelium focuses one of its main characteristics on user security, that is why the first step that it will ask you is to write down a series of 12 words that will be your backup in case you want to back up your wallet on another device.

Now yes, once you have configured your “masterseed”With which you can restore the wallet at any time you can start receiving and sending bitcoins. But first ... it is advisable to establish your PIN to access the wallet so that only you can open it. Shall we start?

Doing it is very simple, you just have to press the option button (3 vertical points in the upper right of your screen), continue with the “Set pin code” option, enter 6 numbers that you remember and voila!

You are now ready to receive your first payments from the Mycelium wallet for Android. Despite this, if you still do not locate yourself and have doubts, we will explain the 4 essential parts into which this digital wallet for your mobile is divided.

1. Options menu: by sliding your finger from the options menu, you can navigate between all the options it offers. From the list of accounts to your balance sheet, list of transactions and list of saved addresses.
2. Account address: In this reserved area, you will always see one of the addresses of your wallet where you can receive payments with its corresponding QR code so that the issuer of your payment only has to scan it to issue you a payment in a matter of seconds. This address changes to a new one at the time of receiving a payment. And in case you are wondering ... yes! you can continue receiving payments to the old address without problems.
3. Current balance: Updated total balance available in your wallet with its corresponding conversion to EUR or USD. You can configure the exchange option from the general settings (option button).
4. Send and receive: Possibly the direct access to the options that you will use the most in your wallet. Two options and two objectives: send and receive. Easy right?

Mycelium is much simpler than it seems at first glance. What are you waiting to download it and start investigating with it?

Electrum

It was initially developed as a computer wallet, but it has adapted to recent times and smartphone wallets have been launched. The creator of Electrum is the German computer scientist Thomas Voegtlin, being The software was officially unveiled on BitcoinTalk on November 5, 2011.

In addition to only offering support for Bitcoin, it is not considered a simple wallet, since it is intended for users with fairly advanced technical knowledge.

1. Security: Considered one of the safest. It accesses the Bitcoin network through SPV and does not store data at any time, in addition to offering great privacy.
2. Privacy: Completely decentralized and open source wallet, so the code can be audited and report possible problems in the code.
3. Cryptocurrencies: Only supports Bitcoin
4. Transparency: Private application, so there is no code repository.
5. Smartphone: Fully compatible with Android and iOS

BreadWallet (BRD)

It was born as a wallet for Bitcoin, but in 2015 they moved to Switzerland with the intention of developing their own ICO (an ERC-20 on the Ethereum blockchain called BRD) and thus expanding the possibilities of BreadWallet. Through this financing process have managed to raise 32 million dollars.

On March 17, 2018 they released the first major update it offered full support for Bitcoin Cash and the implementation of the initial support capacity of followed. Additionally, support for Ethereum and ERC-20 tokens has begun. This point is under development, although more than 20 tokens can already be used in beta.

Some of its main characteristics are:

1. Security: Does not connect with private third-party servers, connects directly to the Bitcoin network from the application through SPV
2. Authentication: It does not have a double authentication factor (2FA), something that makes it minimally more insecure than the competition.
3. Multi-signature: The multi-signature system has not yet been implemented.
4. Privacy: Can be used without being registered and does not save user information.
5. Cryptocurrencies: In addition to supporting Bitcoin, it offers support for: Bitcoin Cash and Ethereum, in addition to supporting ERC-20 tokens in beta phase.
6. Transparency: It is an Open Source wallet with an MIT licensetherefore anyone can take the code, audit and edit it
7. Smartphone: It is compatible with Android and iOS

EDGE

Initially this wallet was called Airbitz and was born in 2013 in San Diego, California, as a simple and intuitive wallet for both more experienced Bitcoin users and newer.

The last update of the application dates from July 13 and it adds support for the payment protocol for Bitcoin and Bitcoin Cash that has its origin in BIP70 and corrects a problem with the deletion of the private key for Dash, Qtum, Litecoin, Feathercoin and ZCoin.

Some of its main characteristics are:

1. Security: Implements two-step authentication, encryption of customer information, spending limit, automatic logout and PIN code for login. It is one of the most complete in this regard.
2. Privacy: It is a completely decentralized wallet and if for whatever reason it ceased to exist or the servers do not work, we could access the funds.
3. Cryptocurrencies: In addition to supporting Bitcoin, it offers support for: Litecoin, Ethereum, Monero, Ripple, Dash, Augur, Wings, Qtum, Indorse, Zcoin and Feathercoin. It allows the purchase of Bitcoin using fiat money in the United States and Europe.
4. Transparency: We can find a repository with the application code and in addition a whitepaper to explain how it works at the technical level of the application.
5. Smartphone: Fully compatible with Android and iOS.

Jaxx

One of the wallets that more cryptocurrencies supports and that is available for more platforms. JAXX has been developed by Decentral Inc, a Canadian company that started operations in 2014.

Some very interesting aspects of this cryptocurrency is that it offers cross-platform support, since in addition to a smartphone wallet, it offers an extension for Google Chrome and a computer wallet, being compatible with Windows, Linux and Mac OS X.

Some of its main characteristics are:

1. Security: It is intended for a single user, so it does not have a multi-signature and neither is the double authentication factor (2FA) implemented, although a PIN code can be implemented.
2. Privacy: It is a centralized wallet, so we depend in part on the security implemented by the company
3. Altcoins: In addition to supporting Bitcoin, it offers support for: Ethreum, DASH, Ethereum Classic, Augur, Litecoin, Zcash, Golem, DigixDAO, QTUM, TenX, Aragon, EOS, Monaco, Bancor, Bitcoin Cash and at least 30 other cryptocurrencies / tokens
4. Transparency: Private application, so there is no code repository.
5. Smartphone: Fully compatible with Android and iOS.

Coinomi

The Coinomi wallet was developed in 2014 and is based in London, which offers us greater security and credibility in the wallet. It has become one of the main wallets, due to the fact that it supports a huge amount of cryptocurrencies and tokens.

In addition to being one of the most supported digital currencies and tokens, it offers backup, a very simple interface to use, 24/7 customer service and even the exchange of altcoins within the application.

1. Security: They do not offer multi-signature or double authentication factor (2FA), but they offer secure encryption of the wallet and ensure that the private key never leaves the device.
2. Privacy: It is a centralized wallet, so we depend in part on the security implemented by the company
3. Cryptocurrencies: In addition to supporting Bitcoin, it offers support for: Bitcoin Cash, Bitcoin Gold, Bitcoin Private, Dash, Decred, Einstenium, Ethereum, Ethereum Classic, Komodo, Litecoin, Monacoin, PIVX, Stratis, Verge, Vertcoin and Zcash, they are some of the 125 blockchains and 1770 tokens (type ERC-20) What does this wallet support according to its website.
4. Transparency: Private application, so there is no code repository.
5. Smartphone: Fully compatible with Android and iOS.

Coin.Space

One of the youngest, which first appears on BitcoinTalk on March 7, 2015. Something quite remarkable about this wallet is that it initially had a version for Windows Phone (the only one that is known to have offered support) but it no longer exists, because Microsoft has stopped supporting this operating system.

Like many other wallets it offers support for deterministic hierarchical wallets for Bitcoin. In addition, another of its peculiarities is that in addition to supporting Ethereum ERC-20 tokens, it also supports Ethereum ERC-223 tokens.

1. Security: They do not offer multi-signature or double factor authentication (2FA). The keys always remain on the device, they are not sent to the company's servers.
2. Privacy: We are talking about an Open Source wallet that offers us a free system of centralized servers and authentication prevents unauthorized access on an unlocked terminal.
3. Cryptocurrencies: In addition to supporting Bitcoin, it offers support for: Litecoin, Bitcoin Cash, Ripple and Ethereum. The developers ensure that more than 20.000 ERC-20 and ERC-223 tokens can be accessed, allowing the exchange between them from the application itself
4. Transparency: Open source application with repository on GitHub which allows auditing the application.
5. Smartphone: Fully compatible with Android and iOS.

We recommend users to have a safe backup of passwords, pin, seeds and any other security implemented. We need to have a backup copy of the wallets, to avoid losing capital and make it difficult for third parties to access the terminal using a PIN or pattern to unlock the terminal.

We also advise not to carry large quantities in our terminal, since it could fall on the ground and be unusable, we could lose it or it could be stolen, accessing our cryptocurrencies, if we do not have it properly protected.

Security recommendations for Bitcoin wallets

A mobile wallet is very comfortable, but on the other hand it has the problem that you can lose your mobile or it can suffer any problem that makes your wallet useless. That is why it is important to follow security measures so that in case of a problem the consequences are minimal.

Although all the examples that we have previously recommended have advanced security measures, they are useless if the end user does not configure them correctly.

It is very important that you follow all the guidelines established when you first run the wallet. If you do not want to lose all the accumulated balance in your wallet in the event of an accident, you should take the necessary time to activate all the available security options and carry out permanent backups in case your mobile phone breaks down or some component such as the screen stops work so you can import your wallet at any time and on any other mobile device.

In the same way, just as you do not go out with 20,000 euros in hand, do not do it with your bitcoins, do not go out with a mobile that has access or manages large amounts. Separate the money you may want to have more on hand than you use less.

It is better to take 5 minutes to leave everything ready than to regret it in the future. Do not forget!

Take your time and see how to secure your bitcoins.

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