Do you own bitcoins? Are you sure your bitcoins are safe from hackers?
Where are you storing your purchased bitcoins?
If your response is “on the webpagina from where I have purchased them” or “at a Bitcoin exchange”, you are jeopardizing the security of your bitcoin.
When you keep your bitcoins on online exchanges or websites from where you have purchased them, (ex: Coinbase, Coinsecure, BTCC), you don’t own your bitcoin. If thesis sites get hacked, or they determine to shut down the operation, you will lose your bitcoins.
Yes, you are right!
However, such things have happened te the past.
If you don’t want to lose your bitcoins to another one of thesis scandals (or any other unfortunate circumstance), you should keep your bitcoins te a wallet that you own.
There are many kinds of Bitcoin wallets:
Ter the coming days, I will share more about different types of cryptocurrency wallets, but for today, I’m sharing some of the best &, most trusted Android OS-based Bitcoin wallets.
Two things which are common among the below-listed wallets:
You own the seed key &, no one can spend thesis bitcoins without the Speld.
When you are setting up your wallet for the very first time, it will display a 12 word seed, and you should note it down on a lump of paper &, save it ter a safe place.
- If you don’t own your private key, you don’t own the bitcoins.
Services like Coinbase and CoinMama own your private key. If you are looking to store bitcoins long term, you should use a cold storage method. (I will discuss cold storage te detail te another article.)
Even if you lose your phone at some point ter the future, you can always recover your bitcoins using your seed word.
So without further delay, let’s look at top Bitcoin wallets for Android OS.
Best Android Bitcoin Wallets: 2018
I will be extending this list spil fresh wallets commence gaining traction, and liquidate any which aren’t staying updated.
- It’s your responsibility to ensure your Android device is free of malware. Make sure you toevluchthaven’t installed pirated apps or get-rich-quick-scheme kinds of apps from untrusted developers.
- Also, there are many scam wallets on the Google Play store &, also on the iOS store. So don’t install fresh wallets without reading about them from a trusted source.
I have personally used thesis wallets for a significant amount of time before listing them here.
Also recall: When you download the app, make sure the app pagina is secure (https).
So, without further ado, here’s the list:
Before Mycelium, I used to store my bitcoins on exchanges. I always thought I would create a paper wallet for cold storage, but it took too much time &, I procrastinated.
Once I learned about Mycelium from Reddit, I commenced using it &, kept using it for about six months. This is one of the most popular Android Bitcoin wallets where you own the seed key. It also works with hardware wallets.
When you install it for the very first time, you are given the option to restore your wallet from a seed key or create a fresh wallet. Select “Create a fresh wallet” &, note down the seed key (12 words) on a lump of paper. Save that te a secure place.
Always reminisce: If you lose those 12 words, you will lose your bitcoins.
Mycelium also supports adding a Speld code to further secure your wallet if someone gets physical access to your device. The app also supports an address book, so you can store some contacts for issuing quick transactions.
Sending &, receiving bitcoins is effortless, and overall, this is one of the best Bitcoin wallets that you can use on your Android smartphone. If you are using a hardware wallet such spil Ledger, Keep Key or Trezor, Mycelium will also support this.
Coinomi is a popular lightweight multi-coin HD wallet for Bitcoin and other altcoins. It permits you to control your private keys and supports a maximum number of cryptocurrencies right now ter the market. They have support for 86 supported crypto coins and 214 tokens spil of now which is always enhancing with time.
Some of the features of this wallet are:-
- Seed phrase backup and restore.
- Speld code protection
- Paper wallet sweep feature.
- QR code support
Also it one of the few wallets that support Bitcoin, Bitcoin Specie, and Bitcoin Gold. And not only this but they were also the quickest to support thesis forked currencies
It is only available for Android spil of now, but iOS support is also coming soon.
If you are looking for an Android wallet that supports numerous cryptocurrencies, Jaxx is an ideal choice. At the time of writing this off the hook wallet list (December 2018), Jaxx supports the following currencies:
This list will be updated spil I explore &, test out more wallets on my Android device. For now, if you wish to suggest some more wallets, let mij know te the comments section below.
Looking for more options for Android Bitcoin wallets? Here are some other resources:
Here are a few more guides that you should read:
Do let us know what methods you are using to store bitcoins for the long term. Looking forward to hearing your thoughts ter the comments!
And don’t leave behind to share this postbode!