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For users who wish to stay anonymous, this is a significant drawback. Using the wallet requires you to provide your email address and phone number.
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As a wallet, Abra allows you to store not only Bitcoin but also Bitcoin Cash and Litecoin on the wallet.Īn additional 27 coins can be traded through the app but not stored on it. Pros: 3 supported coins (BTC, BCH & LTC), credit card integration, investment option within appĬons: More of a trading platform than a walletĪbra is a mobile Bitcoin wallet that also allows you to trade and exchange cryptocurrency for fiat.
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You can read my complete Coinomi review here. Thanks to its very fast installation and setup and multiple coin support the wallet is very popular among crypto enthusiasts as a way to store and exchange cryptocurrency. Coinomi considers itself to be security and privacy focused emphasising the fact that no identity linking is possible from within the wallet. Pros: Easy to use, security focused, cross platform, multiple assetsĬoinomi is a secure cryptocurrency wallet that offers exchange capabilities within the app. You can read my complete ZenGo review here.
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The wallet is free to use apart from the fees applicable for buying and trading coins. The number of coins supported on ZenGo is enough to cover most users’ altcoin portfolios, with the exception of Litecoin support. The wallet is also packed with additional features including coin staking, coin exchange and a highly intuitive UI. This unique feature allows users the ease of use of storing their coins without the hassle of securing their private key. ZenGo provides a keyless crypto wallet without any security tradeoff, by applying an innovative cryptographic solution. Pros: Great security, keyless crypto wallet, additional features such as buying and swapping crypto.Ĭons: C urrently supports a limited number of coins (e.g. You can read my complete Ledger Nano X review here. Still, ledger’s intuitive design is maintained with this model, and this is probably one of the safest ways to store your coins. Judging from initial reviews, the installation and setup procedures are not perfect.
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The Nano X’s interface is done through Leger’s Live mobile app (via a bluetooth connection). This feature allows you to view and manage your assets straight from your Android device.Īdd that to the increased security you get when using a hardware wallet and the Nano X gives you the best of both worlds. While not a mobile wallet per-se, the Nano X is accessible via a mobile app. The Ledger Nano X is the latest release from security veterans, Ledger. Pros: Increased security, over 1000 assets supportedĬons: Not free, requires carrying a dedicated device Large amounts should be kept on a more secure wallet, such as a hardware wallet.Ģ. In such a case, an experienced hacker might gain access to your coins quicker than you will be able to recover them.ĭue to the above, it is highly recommended to only keep a small amount of Bitcoin on your mobile device. However, the biggest issue when using a mobile wallet is in case your device gets stolen. In such cases, your wallet can still be recovered using your seed phrase (24 words your get on activation), so make sure you keep it in a safe place. Mobile devices tend to get lost or break down. And if the device goes missing, so does the private key. When downloading an Android wallet for Bitcoin this means that the private key will be stored on your mobile device. On the downside, mobile wallets are the least secure form of Bitcoin wallets. They allows you a very fast and convenient way to access your coins, since most people carry their mobile device with them anyway. When it comes to comfort, nothing beats mobile wallets. There are many types of wallets to choose from, with the key criteria for comparison being comfort vs. a wallet that doesn’t give you access to its private keys). Regardless to where you buy your Bitcoin, the recommended practice is always to move the coins to your own wallet and not keep them on an exchange or any non-custodial wallet (i.e. Here’s what I’ll go over in this post:īefore going any further, make sure you familiarize yourself with the basics of Bitcoin wallets through this video: If you want a more detailed review of the different wallets keep on reading.