No matter if you are using Cryptocurrencies to purchase day-to-day goods or you simply want to check your Crypto portfolio on the go, you will need a secure and robust Cryptocurrency wallet to store all your Cryptocurrencies on your phone.
So, what are the best Cryptocurrency wallets for Android?
The best Cryptocurrency wallets for Android devices are the Electrum Wallet, the Jaxx wallet, the Bread Wallet, the Coinomi Wallet, the Mycelium Wallet, the Edge Wallet, the GreenBits wallet, the Airbitz Wallet and the Bitcoin Wallet.
In this complete guide I am going to show you exactly what the best Cryptocurrency wallets for Android are out there, and which one is ideal for you.
Let’s get right into it!
The Electrum Wallet is a well-respected Cryptocurrency wallet in the Cryptocurrency space, and is also compatible with your Android device.
It has been developed by the Bitcoin community very early on and it is on the market since 2011.
What’s cool about the Electrum wallet is, that it is an open-source project and has been released under an MIT license.
You do not have to fear that when you lose your phone you will also lose all the Cryptos on your Electrum wallet, as upon registration you will need to write down a backup seed, which you can always use to get access your Cryptocurrencies on another Android device, for example.
This also means, that you need to take great care of your backup seed, as everybody with that information can access all your funds that you stored inside your Electrum wallet.
Another feature that the Electrum wallet offers is the ability to export your wallet to another wallet.
This is possible because your private key isn’t locked into the Electrum wallet, but can be used in another wallet provider like Blockchain.com anytime.
Since Electrum values your security, the backup seed nor the private key of your Cryptocurrency wallet will leave your Android device and they aren’t sent to the cloud like in an online wallet.
This is important, as no third-party will be able to access your wallet, unless they get hold of your Android device.
But also if somebody manages to get into your device, Electrum has the feature to lock your account with a 6-digit PIN.
Guide to the Best Bitcoin Wallets of 2019
Every time you want to make a payment, you will have to confirm the transaction by entering the PIN you set upon registration.
In case you already have the desktop version of Electrum you can also transform your Android Electrum wallet into a “watching device”.
This means, that you will only be able to watch your Cryptocurrencies on the go, and that you have to go to your desktop computer to actually make transactions.
This feature will probably be ideal for you, if you are investing in Cryptocurrencies, and only want to keep an eye on your portfolio while you are away.
would a mobile Cryptocurrency wallet be, without the feature to scan QR codes and make seamless transactions that way?
And of course, the Electrum wallet offers the functionality to scan QR codes and send payments that way.
It is also recommended that you use ZXing QR Scanner to scan QR codes, as with any other QR code scanner you might run into compatibility issues.
you want to be super-secure, Electrum also recently added a 2-Factor Authentication, which sends a code to your SIM-card before being able to access your account.
Another cool feature of the Electrum wallet is, that it also allows users to perform Segwit-enabled transactions.
Compared to some of the old Cryptocurrency wallets like the Electrum wallet, the Jaxx wallet is a rather new and also a controversial wallet.
If you look at Jaxx for the first time, you will think it is amazing, as it has a relatively beautiful user interface and the user experience is made in a way that it makes sense.
Also, you will be able to store a lot of different Cryptocurrencies on your Jaxx wallet, including the most popular ones of course, like Bitcoin, Ethereum and Litecoin for example.
Additionally, the Jaxx wallet supports a lot of the ERC20 Tokens out there, which are Tokens that are built upon the Ethereum blockchain.
If you would like to learn more about ERC20 Tokens, and if it is worth investing in them, check out this definitive guide on that topic.
On the other side, there is one thing that isn’t so good about the Jaxx wallet.
And that thing is, that unlike the Electrum wallet for example, the Jaxx wallet isn’t open-source.
Also, some developers in the community have spoken out lately, that there might be a security concern when using the Jaxx wallet.
If you are looking for a very simple and easy-to-use Android wallet, then the BreadWallet is probably an ideal Android wallet for you.
It is completely open-source and the features are kept down to the basics.
If you don’t need more than simple “send” and “receive” functionalities, then the BreadWallet is probably a god fit for your needs.
While the BreadWallet is designed to be very minimalistic and simple, this also means that it doesn’t have the some of the security features that you get with other Cryptocurrency wallets.
For that reason, I wouldn’t recommend storing large amounts of money on your BreadWallet, simply because there are more secure alternatives out there.
Same as the Jaxx wallet, the Coinomi wallet hasn’t been around that long as some of the other Cryptocurrency wallets have.
The Coinomi wallet has been launched in 2015 and have gained a good reputation in the Cryptocurrency space.
One of the downsides of Coinomi, however is, that it isn’t open-source.
You can store a variety of different Cryptocurrencies on the Coinomi wallet for Android, including the popular ones such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash, but also smaller Cryptocurrencies and Ethereum Tokens are supported on the Coinomi wallet.
When you first download the Coinomi wallet you will be able to choose which Cryptocurrencies should be displayed on your dashboard.
Of course, you can always change that setting later, but in case you know which Cryptocurrencies you want to store on your wallet from the start, you can choose them here.
You will also be able to see the current market value of each Cryptocurrency, so you can always have a good overview of how your portfolio is doing.
Upon set up, you have to write down a backup seed, which never leaves your Android device.
As already mentioned above, you can always use that backup seed to restore all your funds in case you lose access to your Android device.
With the Coinomi wallet, you also have the advanced security feature to protect your Cryptocurrency wallet with a password, instead of a PIN.
But what if you do not want to enter a password every time you wan to look at your Coinomi wallet?
Then I recommend you have your Android device encrypted and you have a screen lock enabled, so you have increased security.
What’s also cool about the Coinomi wallet is, that you will be able to swap easily between different Cryptocurrencies right inside Coinomi, by using the handy tools ShapeShift and Changelly.
Some more features that are available in the Coinomi wallet are the paper wallet sweep feature, the support of QR codes and that there is also an iOS app on the market.
The Mycelium wallet is a very well-respected Cryptocurrency wallet out there, as it has won awards in the past and is one of the Cryptocurrency wallets with the best ratings on the Google Play Store.
Mycelium is also completely open-source, which means that every developer in the community can check for bugs and see if there are any security concerns.
Upon registration, you will have to write down a 12-word backup seed, which you can always use to restore all your funds in case you lose access to your Mycelium wallet one day.
The user experience is very simple, with buttons to send and receive Bitcoin and there is also the feature to scan QR codes in order to make the process of sending Bitcoins very easy.
There is also an address book in the Mycelium wallet app, which makes it easy to send payments to familiar addresses.
There are a lot of security features included in the Mycelium wallet, which you can use to make your wallet as safe as possible.
One security feature is the PIN, which you will have to enter every time you want to make a transaction from your Mycelium wallet.
You can also sweep private keys from paper wallets and cold storage wallets.
While you cannot sync your Mycelium wallet to a desktop wallet, you can use a Hardware wallet like the Ledger to “digitally sign” transactions.
This makes it much harder for anybody to steal your Cryptocurrencies.
One of the downsides of the Mycelium wallet, however, is that it does not support Segwit. (At least not yet.)
The Edge wallet is a very modern-looking Cryptocurrency wallet that was made by Airbitz company.
Instead of having a seed that backs up your Wallet, you just have to enter a password, which acts as your backup seed in case you lose your Android device.
Edge supports a lot of different Cryptocurrencies, like Litecoin, Ethereum, Bitcoin Cash, Dash and many more.
On top of that, the Edge Wallet also supports Segwit enabled transactions, which is a great feature to have.
The GreenBits wallet is another open-source Cryptocurrency wallet that is also considered to be a very secure.
Additionally to the GreenBits wallet for Android, there is also a GreenBits wallet for Chrome, which runs as an extension in your Chrome browser.
That means that you can access your GreenBits wallet from every device that uses Google Chrome, like on your desktop.
GreenBits also allows users to make off-chain transactions.
If 2 users both use the GreenBits wallet, they can transact Bitcoins nearly instantly, as on-chain transactions take minutes to maybe even hours, to process.
Upon registration, you will be asked to save a 24-word backup seed, which you can always use to restore your wallet in case something happens with your phone and you lose access to it.
You can also enable 2-Factor Authentication, if you would like to.
There is also a PIN code that you need to set up, in order to secure your wallet even further.
But be warned: If you enter the wrong PIN code 3 times in a row, the wallet will immediately destroy itself.
The only way to get access to your funds again, if such a scenario happens, is to use your backup seed in order to recover your Cryptocurrencies.
While it isn’t really the most intuitive wallet to set up, once you configured all the security settings, the actual interface of the wallet isn’t that hard to navigate.
Making a transaction using the GreenBits wallet is easy, as everything you have to do is to either enter the receiving Bitcoin address manually or scan a QR code.
Another important note is, that GreenBits does not support Android devices that are older than KitKat anymore.
The Airbitz wallet is another simple and easy-to-use Cryptocurrency wallet for your android device that is also open-source.
What’s cool about the Airbitz wallet is, that it offers a lot of features that should further help accelerate Bitcoin adoption.
For example, the Airbitz wallet shows you merchants that already accept Bitcoin and places where it is possible to buy gift cards at a discount using Bitcoin.
Apart form that, the Airbitz wallet resembles the BreadWallet a lot, since it is also very minimalistic and only offers the most important features that make up a fully functioning Cryptocurrency wallet for Android.
The Bitcoin wallet might not have the most distinguishable name, but nonetheless, it does its job and one can get started storing Bitcoins very easily on the Bitcoin Wallet for Android.
One of the many features of the Bitcoin wallet is, that it tells you before each transaction, how high the transaction cost is going to be.
This is a very handy feature, as many users only get informed about how high the transaction fee is, after they spent Bitcoins on a transaction.
The Bitcoin wallet is one of the first, if not the first Cryptocurrency wallet that was released for Android, and is on top of that open-source and of course completely free.
When you first download the Bitcoin wallet, you will not have to set up a backup seed, a PIN or anything else that contributes to the security of your wallet.
You can start using your Bitcoin wallet right away, without having to deal with all the security hassle up front, which can be a feature or a drawback, depending on how you look at it.
The user interface is kept to its minimum, with 2 simple buttons “Send” and “Receive” which let you, pretty self-explanatory, either send Bitcoins to another address or reveal your own address to others so they can send Bitcoins to you.
A cool feature that is also built into the Bitcoin Wallet is an address book.
This feature is very useful if you are sending Bitcoins often to the same addresses, and want to assign familiar names to them.
By default, you will see your balance in mBTC (milli-Bitcoin) but you can change that in the settings at any time.
The disadvantages of the Bitcoin wallet are pretty clear.
Because it does everything to make the whole experience as simple as possible, it sacrifices security.
Everyone who gains access to your Android device will be able to access all your Bitcoins on the app.
Also, because you aren’t not setting up a backup seed at the beginning, your funds will most likely be lost if you somehow lose your Android device or anything bad happens with so that you cannot access your Bitcoins anymore.
The last feature that I want to add here is that the Bitcoin wallet does allow the sweeping of paper wallets, meaning that you can access the funds of your paper wallet by entering its private key in the Bitcoin Wallet on your Android device.
To sum it up, these are the best Cryptocurrency wallets for your Android device.
While there surely are other apps that are also great, I think these are the most well-known wallets that are available on the Google Play Store.
If you are looking for a Cryptocurrency wallet with the maximum security, I would probably go with the Mycelium wallet, as it has won awards in the past and is open-source.
On the other hand, if you want a Cryptocurrency wallet that is very minimalistic, and is very beginner-friendly, I would go with the Bread wallet or the AirBitz wallet.
But if you just want a quick and easy wallet and you don’t care that you might lose a little bit of the funds on there, then the Bitcoin wallet for Android will probably be the best option for you, as it is very fast to set up and you can get started almost instantly.
But now I would like to turn it over to you: Which Cryptocurrency wallet do you use on your Android device, or plan to download next?
Maybe the Jaxx wallet, or Coinomi?
Let me know in the comments below!
Thanks for reading all the way to the end and I hope you found something valuable in this article today!