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Mobile Android

Mycelium

Mycelium Bitcoin Wallet for Android is designed for security, speed, and ease of use. It has unique features to manage your keys and for cold storage and offers compatibility with Trezor and others.

  • Bech32
    Bech32 is a special address format made possible by SegWit (see the feature description for SegWit for more info). This address format is also known as 'bc1 addresses'. Some Bitcoin wallets and services do not yet support sending or receiving to Bech32 addresses.
  • Hardware Wallet
    Some wallets can pair and connect to a hardware wallet in addition to being able to send to them. While sending to a hardware wallet is something most all wallets can do, being able to pair with one is a unique feature. This feature enables you to be able to send and receive directly to and from a hardware wallet.
  • Legacy Addresses
    Most wallets have the ability to send and receive with legacy bitcoin addresses. Legacy addresses start with 1 or 3 (as opposed to starting with bc1). Without legacy address support, you may not be able to receive bitcoin from older wallets or exchanges.
  • SegWit
    Some wallets support SegWit, which uses blockchain space more efficiently. This helps reduce fees paid by helping the Bitcoin network scale and sets the foundation for second layer solutions such as the Lightning Network.
  • Taproot
    Some wallets support Taproot, which can increase privacy and use blockchain space more efficiently for complex transactions such as multisig. Some Bitcoin wallets and services do not yet support sending or receiving to the Bech32m addresses (which begin with 'bc1p') which Taproot uses.

Criteria

Control

Control over your money

Good

This wallet gives you full control over your bitcoins. This means no third party can freeze or lose your funds. You are however still responsible for securing and backing up your wallet.

Validation

Centralized validation

Caution

This wallet relies on a centralized service by default. This means a third party must be trusted to not hide or simulate payments.

Transparency

Complete transparency

Good

The source code for this wallet is public and the build process is deterministic. This means any developer in the world can audit the code and make sure the final software isn't hiding any secrets.

Environment

Secure environment

Acceptable

This wallet is loaded on mobiles where apps are usually isolated. This provides a good protection against malware, although mobiles are usually easier to steal or lose. Encrypting your mobile and backing up your wallet can reduce that risk.

Privacy

Basic privacy

Acceptable

Prevents spying on your payments

Acceptable

This wallet makes it harder to spy on your balance and payments by rotating addresses. You should still take care to use a new Bitcoin address each time you request payment.

Discloses information to a third party

Caution

This wallet uses central servers which are able to associate your payments together and log your IP address.

Tor can be used

Acceptable

This wallet lets you setup and use Tor as a proxy to prevent attackers or Internet service providers from associating your payments with your IP address.

Fees

Dynamic fee suggestions

Acceptable

This wallet provides fee suggestions which are based on current network conditions. This means that this wallet will help you choose the appropriate fee so that your transactions are confirmed in a timely manner without paying more than you have to.

Mycelium — Android

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  • Good
  • Acceptable
  • Caution
  • Not applicable