Being able to access your bitcoins on the go is desirable, since you won’t always be with your computer, you need a good and secure Bitcoin wallet that supports android phones or any other handheld device with which you want to access your coins.
There are several Bitcoin wallets for android and the choice that you make depends on what features there are in the wallet, its security and convenience of use.
We shall now look at some of the common and reliable Bitcoin wallets for android, their benefits and shortcomings so that you could decide on the best wallet that meets your aspirations.
ZenGo
ZenGo is a wallet that gives users features that enable them to buy, sell and store cryptocurrencies such as Bitcoin. It was made by an Israeli company.
Its security feature replaces the traditional keys with mathematical secret shares which gives the owner of the wallet assurance of no single point of failure. One of these mathematical shares is stored in the device while the other is stored at the Zengo server, giving the owner of the wallet a higher security level.
Features
Advanced security
key-less crypto wallet
non-custodial wallet
3D bio-metric scan
Users of the wallet are assured that the wallet cannot access their funds since interaction is strictly between the device and the wallet server.
Other security features include the bio-metric scan with which the owner can personalize access to their wallets. While making transactions, the server and the device do not share their secrets.
The backup system uses the owner’s bio-metric id by scanning their face. If they lose their device or delete the app from their phone, to restore the wallet, they just scan their face which the app matches with the wallet used when they set up their account initially.
Supported Coins
Bitcoin, Ethereum, Tezos, Binance, Augur, USD Coin, Tether and others
Advantages
3D biometric scan
Key-less access
Easy user interface
Coin staking
Coin exchange
Setting up this wallet is very simple
Disadvantages
Limited coin support
Coinomi Wallet
Coinomi is one of the older wallets with its establishment in 2014 by George Kimionis. It supports multiple assets such as Bitcoin, Ethereum and nearly 2000 other coins.
It supports android devices as well as desktop. Presently, it supports Android, Windows, iOS, Mac and Linux. It is a multi coin and multi blockchain wallet in that it has been integrated with 125 other blockchains, which is the highest in the industry.
Features
It also has fiat support for 168 currencies
Supported coins on its desktop and mobile versions.
Bitcoin, Ethereum, Litecoin, Ripple, Tether, Bitcoin Cash, Monero, Dash and others.
Advantages
Has built a reputation as a secure wallet
An easy to use interface
Supports various operating systems
Supports a large number of digital assets
Ease of installation
Supports buying crypto with card
Enhanced privacy and anonymity
Zero fees
Top notch security
Cold staking ready
Supports NFT collectibles
Built-in exchange
Versatile and enables the swapping of any of the supported coins for another
Disadvantages
The wallet is not open-source so checking its codes independently is not possible
Atomic Wallet
Konstantin Gladych, the founder of Atomic wallet is a co-founder at Changelly. Atomic wallet is completely decentralized and it features atomic swaps where the user can swap one coin for another.
It is a multi asset wallet that has support for Windows, MacOS, iOS, Android. It is intuitive due to its easy to use interface.
Wallet recovery is easy as the user is regularly given the option to log in or recover an existing wallet. It is an asset management as well as storage wallet.
Supported Coins
Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Stellar, Tether, EOS, Tron, Cardano, Bitcoin SV, NEO, Dash, Vechain, Chainlink and others.
Advantages
Atomic swaps
A secure and reliable wallet
Easy to use
Adjustable transaction fee
Easy installation
Anonymous use, no KYC
24/7 support desk
Encrypted private keys that never leave device
Multiple system support
Multiple asset support
In wallet asset purchase function
Disadvantages
Fees are automatically set high to avoid transactional delays
Not all coins can be swapped
Edge
This open-source wallet enables the user to buy/sell/exchange digital assets. The wallet supports iOS and other operating systems. Users can also buy selected digital currencies using their bank cards. Extra security is provided on the wallet through the 2-factor authentication feature.
Supported Coins
Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, Monero, Dash, Binance, Bitcoin SV, EOS, RSK, Stellar, Ripple, etc.
Advantages
The codes are open-source
Reasonably safe and secure wallet
Easy to use
Anyone can use this wallet
Asset purchase with card an in-platform
Disadvantages
Not too many assets are supported
There are many other Bitcoin wallets for android. Some of these are:
Jaxx Liberty, MyCelium, Exodus, Bread Wallet, Abra
Conclusion
What you should look out for in a wallet is ease of use, security and features such as exchanges. However, the sort of wallet that you go for should depend on the volume of funds that you have.
The most secure wallets are those that store your funds offline (cold storage). These are paper wallets and hardware wallets, but they are not convenient for use if you regularly send and receive cryptocurrencies.
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