Worried about your Bitcoin’s safety?
Well, you probably should if you’re storing them on any crypto exchange website!
Please understand that on exchanges you don’t actually own your bitcoins because they’re simply sitting on someone else’s wallet.
Therefore, it is essential for you to immediately set-up your own wallet where you’ll have 100% control over them and no third-party can even mess with your bitcoins.
Your bitcoin wallet application will provide you a 12-24 words seed phrase which will be a backup for your entire bitcoin wallet.
It is recommended to manually write those seed phrases on a piece of paper and store it somewhere safe.
With the help of your bitcoin wallet address & its 12-24 words seed phrase, you can easily restore your wallet on any device in future.
I’m going to help you select the best bitcoin wallet application based on the different features each wallet offers.
Best Bitcoin Wallet Apps for Android/iOS:
1. MyCelium Wallet
MyCelium is one the oldest & most trusted bitcoin wallets out there.
It was started back in 2008 when no one was even aware of bitcoins. Since then it has been constantly upgraded with major improvements.
It is an open source bitcoin focused wallet available for both Android & iOS.
MyCelium is known for its fast connection with the bitcoin network. Also, it has a very good reputation in the bitcoin community.
Moreover, you have full control over your bitcoin private key which makes your crypto super secure.
2. Samourai Wallet
Samourai wallet is a newly launched bitcoin wallet which holds very great potential.
It is also an open source wallet for Android devices where you’ll hold your private keys.
Some of the features which differentiate it from other wallets are:
a) Remote SMS Commands
If in case your smartphone gets lost or stolen, you can remotely wipe & recover your wallet over SMS.
If in case the mobile sim also gets replaced, then you’ll get an SMS to one of your trusted phone no. where you can take further action.
b) Smart Miner Fees
You can select the regular low, normal & priority fee options to settle bitcoin transactions. You can also choose a custom fee for your transactions if you’re not in a hurry for them to get settled.
Samourai wallet makes your transactions anonymous by hiding your real IP address. It also uses a feature named ‘Stonewall’ which basically protects your privacy on the bitcoin network.
3. Bread (BRD) Wallet
Bread wallet, also known as BRD wallet is one of the simplest bitcoin wallet with a beautiful user interface.
The major pro of BRD wallet is that it connects directly to the bitcoin network, there is no server in between that can go down & cause trouble.
It is an open source wallet for both Android & iOS.
BRD wallet supports multiple cryptocurrencies and you can even purchase bitcoins from within the app using your VISA or MasterCard.
Overall, it is a very user-friendly wallet where you’ll be in full control of your private keys.
4. Copay Wallet
Copay wallet is a simple to use bitcoin wallet with basic functionalities.
It is an open source wallet for iOS, Android, Windows, Mac OS X, and Linux.
Copay is a Multisig wallet which enhances its security. It also gives the functionality to generate multiple receive addresses for a single wallet.
However, it supports Bitcoin & Bitcoin Cash only.
5. Jaxx Wallet
Jaxx wallet is a popular wallet in the cryptocurrency community.
It is a multi-cryptocurrency wallet which supports bitcoins & other altcoins.
It is available for both mobile & desktop platforms and even has a Chrome Extension.
However, it is not an open source wallet.
It has a great user interface with multiple functionalities.
You can easily exchange one cryptocurrency with another cryptocurrency from within the app itself.
At last, you can also backup your wallet and even export your private keys.
I’ve listed out some of the best bitcoin wallets out there for you.
They are all very well reputed as well as used by millions of bitcoin users.
Each wallet has its own unique feature which I’ve mentioned in this post.
You can easily backup your private keys with these wallets. Thus, making sure your bitcoins are completely safe & secure.
Also, do let me know if you’re using any other bitcoin wallet and how was your experience with it in the comment section below.
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