If you’re reading this article, you probably already have a strong understanding about cryptocurrencies, Bitcoins, etc. If you regularly purchase bitcoins or trade in them actively, you’re probably concerned about where to store these bitcoins.
There are a lot of great cryptocurrency platforms that offer storage for bitcoins as well. For example, you can purchase and store Bitcoins directly in Coinbase. However, these exchange platforms are always the target of hackers, and as such if there’s a breach you risk losing all your coins.
That’s why you need to invest in a bitcoin wallet. These are like personal wallets, except they’re meant for your cryptocurrencies. There are a number of different types of Bitcoin wallets such as Bitcoin Hardware Wallets or Bitcoin Online Wallets.
However, in this article, we’ll be focused on Bitcoin wallets for Android Mobile devices.
Bitcoin Wallets for Android Mobile Devices
Before we get started, I should give you a little head’s up. Bitcoin wallets for Android devices are extremely convenient because they give you access to your altcoins in your very phone. However, they’re also the least secure of all the storage methods.
Mobile phones can easily get lost or stolen. Furthermore, the private key for the wallets are stored in the phone, so if you lose the phone, you also lose access to your cryptocurrencies. To avoid that, you can use a 12-24 word seed phrase to recover access to your cryptocurrencies even if your device is stolen. However, that’s still inconvenient.
However, you can use Android Bitcoins wallets for short values, only enough for active trading. In that case, the following are some of the best Bitcoin Wallets for Android Mobile Devices in the market.
5 Best Bitcoin Wallets for Android
Before I get into a detailed review of the 5 best Bitcoin wallets for Android Mobile Devices, the following is a comparative table you can go through to help you narrow down your options.
|Bitcoin Wallet||Security||Anonymity||Ease of Use||Download App|
Below, you can read an introduction to all the best Bitcoin wallets for Android Mobile devices.
PART 1: Jaxx
Jaxx is a cloud-based Bitcoin wallet that can be used via an Android app. As such, all of your cryptocurrencies and transaction information are stored on the cloud and you can access them from anywhere at all using your Android mobile app.
When it comes to convenience, Jaxx is the best in the field. It has a clear user interface and can be paired across various devices. Furthermore, it can also be used to store a range of cryptocurrencies besides Bitcoins, such as Ethereum, Litecoin, and many others.
However, Jaxx is still a rather controversial choice for a wallet because it’s open source and because it stores information in the cloud it’s also liable to being hacked. However, that is a small possibility because of the use of a private key.
- Online Transactions: You can use the Jaxx Android app to purchase and sell bitcoins online directly. This makes it extremely efficient.
- Available on all Platforms: Besides Android mobiles, you can also download a Jaxx app for Chrome, iOS, OS X, Linux, and all other platforms.
- Wide Compatibility: Jaxx can store all cryptocurrencies introduced in the market.
If you’re having trouble navigating Jaxx, you can watch the following video:
Read: Jaxx Review
PART 2: Breadwallet
Breadwallet is one of the simplest solutions when it comes to using Bitcoin wallets for Android mobile devices. It allows you to send and receive bitcoins directly from your mobile phone with the press of a few buttons.
While you need a basic understanding of Bitcoins to use it, there’s no complicated interface or language that makes it hard to navigate. Breadwallet has been established with the mission of allowing people to control their transactions entirely and eliminate all hidden fees charged by exchange platforms or banks.
- No Hassles: Extremely simple to send and receive bitcoins anywhere in the world. You can use it 24/7 from anywhere in the world and it doesn’t include any banking hours.
- Easy Setup: You can use Breadwallet immediately after setting up a simple PIN. For the purposes of safety, write down a Paper Key as well in case you lose the phone.
- Privacy: Breadwallet has no access to your information or your bitcoins. It’s completely private and only you can access it.
- Simple Recovery: In case your phone is lost of stolen, you can recover all your information using the Paper Key.
The following is a quick tutorial on how to use Breadwallet:
PART 3: Copay
Copay is a great bitcoin wallet for Android mobile devices because it can also be synced with other devices such as desktops or tablets. Furthermore, Copay is also a multi-signature wallet, which means that you can set up several individuals who can sign off on the transactions. This makes it the ideal platform for groups or companies with several equal partners. However, just because it’s ideal for businesses doesn’t mean the interface is too complicated either. It can very easily be used by regular individuals with a basic understanding of bitcoins as well.
- Shared Wallet: You can share the wallet with several signatories, all of whom have access to it. You can set it up so that any of them can sign off on transactions for flexibility, or that all of them have to sign off on transactions for security.
- Multiple Wallets: You can manage several wallets on a single app so that you can separate your business, personal, and other accounts.
- Secure Payment: Copay is a part of the Bitcoin Payment Protocol. As such, when you press the ‘Send’ button, the app ensures that the payment is going to the right address. This reduces errors.
- Open Source: Copay uses an open source app so that various developers can modify it to their own specifications.
The following video will show you how to get started with Copay:
PART 4: Airbitz
Airbitz is the ideal Android mobile wallet for individuals who need to use their bitcoins regularly rather than simply storing it for use later. This is because Airbitz is quite flexible, efficient, and comes with a suite of features which allows you to actively use the bitcoins. It comes with several plugins that makes transactions easier and they’ve recently rolled out an update incorporating Android fingerprint for secure usage.
- Fold Integration: This feature allows you to use your bitcoins to buy gift cards for popular stores such as Starbucks and Target.
- Biterefil Integration: This useful feature allows you to use bitcoins to top up your mobile phone data or talk-time, especially useful for pre-paid numbers.
- Easy Interface: The user interface is extremely easy to navigate and handle.
PART 5: MyCelium
MyCelium is one of the most popular Android bitcoin wallets because it’s one of the most secure and private. However, the only reason it features so low in this list is that it has a complicated user interface which isn’t ideal for beginners. Furthermore, it’s also an open source software, which is why it’s constantly being upgraded with innovations from other users.
- Hierarchical Deterministic Wallet: As an HD wallet, MyCelium uses a ‘master seed’ to retrieve future addresses sequentially, thus negating the need for reuse.
- Bit ID: A secure authentication measure to ensure the highest form of security.
- Secure Chat Forums: Any chats you hold over MyCelium are encrypted and only you can access them. Even MyCelium receives the encrypted form with a time stamp.
- Rating System: Buyers and Sellers receive a rating determined by the number of accomplished or aborted transactions. This helps you determine that you’re trading with the right buyers or sellers.
Can I use a rooted Android Device with my Bitcoin Wallet?
You can use a bitcoin wallet on a rooted Android Device. However, this is a dangerous practice as rooted android devices can be hacked far more easily.
Why is it not advisable to store large amounts of Bitcoins in Android wallets?
Android Bitcoin Wallets are usually online, connected via WiFi or cell phone network. As such, they’re a lot easier to hack and break into. As such, you should store a large number of bitcoins in them. The most secure methods of storage are Hardware Wallets such as TREZOR and Ledger Nano S.
Can hardware wallets work with Android mobile devices?
Yes, Android phones (not iOS) support the use of hardware wallets. As such, you can use an OTG cable to connect your hardware wallet to the Android phone. This will allow you to access your transactions on the cell phone. Amongst the Android Bitcoin wallets mentioned above, Copay and Mycelium work very well with hardware wallets.
Do you have to pay for Android Wallets?
Android Bitcoin wallets are completely free. You only have to pay for hardware wallets, and that too just the cost of the device.
If my phone gets stolen, can my bitcoins be accessed?
All Android bitcoin apps come with security features that would make the accessing of bitcoins pretty difficult. First, most apps require a PIN usage without which no one can access your bitcoins. Furthermore, most services also encrypt the data.
However, you should keep backup anyway. And you should also set up a seed phrase so you can restore your bitcoins in another android device or wallet.
How to backup my Android Wallet?
Different wallets have different means of creating backups. However, the most efficient means is to write down a 12-24 word seed phrase to help restore your information later.
Can Android wallets also work on computers?
There are several Android mobile wallets that can work in synchrony with a computer or even tablet. Copay is the best app when it comes to reflecting your transactions on the desktop as well.
Are there any risks to beware of?
Google Play Store doesn’t thoroughly check and verify the wallets that are submitted to them. As such, several of the Android wallets available online are malware and they simply steal all the bitcoins deposited to them. As such, you should only use trusted wallets, like the ones mentioned above.
Well, so now you know about all the best bitcoin wallets for android mobile devices out there. I would still recommend using hardware wallets like Ledger Nano S and TREZOR instead as they’re a lot more secure.
However, if you want to conduct easy transactions on the go, you can use any of the android wallets mentioned above, such as Jaxx or Breadwallet.
Whatever you use, do comment about it down below and let us know about your experiences with it!