Are you looking for the best crypto or Bitcoin wallet for your Android device? If so, this article is perfect for you.
We have compiled a list of our favorite crypto wallets in 2021 compatible with Android devices. They offer different features and levels of security to meet all your mobile crypto needs.
Mycelium Bitcoin Wallet
The Mycelium Bitcoin Wallet offers both desktop and mobile versions that have garnered rave reviews from users as intuitive to use and user-friendly. It has features like cold storage spending and mining fee adjustments to optimize transactions.
In addition, since this wallet enables you to control every aspect of operations with complete autonomy, it is a favorite among those who trade and invest in cryptocurrency.
Mycelium has an intuitive and user-friendly interface. Its native watch-only mode keeps private keys offline, and the coin control feature provides more options to define transactions.
Electrum Bitcoin Wallet
Electrum is a respected mobile app with virtually no downtime and security features that keep your information safe. The UI could be a little better, and it has some translation issues, but other than that, Electrum works well for what it’s designed to do.
Jaxx Liberty
The Jaxx Liberty wallet is one of the most popular Bitcoin wallets out there. It’s an online web service with applications available across all major operating systems, including Windows, Mac OS X, Linux, and Android.
You can also use Jaxx on some e-readers:
- Nook HD+
- Kindle Fire tablets (Android only)
- iOS devices such as iPhone SE+/iPad Pro 2018+
The interfaces are user-friendly. You can store Bitcoin (BTC), Ethereum (ETH), Litecoin, Ripple, and several others on your device with this wallet.
It’s easy to use with an intuitive interface that makes it a great choice for new users looking for the best crypto wallets for Android phones or desktop computers!
Trust Wallet
Trust Wallet is one of the most popular crypto wallets on mobile. It supports the more common assets like ETH and BTC and ERC20, BEP20, and ERC721 tokens. Yep, that means it can store your NFTs as well!
You can also add currencies that Trust doesn’t support as long as you link to them.
Trust wallet allows sending or receiving cryptocurrency or even converting your coins into cash if needed. It even has some awesome features, such as a DApps Browser capability where you can surf around for great blockchain apps.
Lastly, Trust Wallet includes an exchange, so you don’t need to go anywhere else when looking for stellar investments. Trust will take care of everything right from the app!
Coinomi Wallet
Another good mobile cryptocurrency wallet option is Coinomi Wallet which offers support for many cryptocurrencies.
The company also aims to provide customer-oriented services such as 24/365 customer support and a wide range of multi-language options.
Coinomi Wallet provides users with all the basics and allows for seamless crypto exchanges across various platforms without hassle!
Exodus Bitcoin and Crypto Wallet
The Exodus Bitcoin and Crypto Wallet are one of the more popular ones out there right now. It has many features, and it’s easy to use, with support for dozens of different cryptocurrencies! You can also swap between them easily from within their app or trade other coins on decentralized exchanges.
If you’re looking for a comprehensive cryptocurrency experience, including the ability to trade, the Exodus Wallet may be just what you need.
Gemini Wallet
Gemini operates as both a wallet and an exchange. You can buy, sell, store various coins from Bitcoin to Dogecoin at Gemini.
It forces 2FA on every account for added security, making it one of the most secure exchanges in this space. The app also comes with Wear OS support, so you never miss out when prices go up or down without pulling your phone out of your pocket!
Gemini also recently expanded into non-fungible tokens (NFTs) with their Nifty Gateway acquisition, meaning we’re likely to see more integrations with NFT marketplaces and the Gemini mobile app soon.
Coinbase Wallet
You’ve likely heard of Coinbase by now. It’s one of the largest cryptocurrency exchanges and crypto on-ramps in the world! Many of the more crypto-savvy users have navigated away from the exchange due to the higher transaction fees.
However, crypto newcomers often find the Coinbase Wallet a convenient starting point and a functional alternative to MetaMask for storing their cryptocurrencies, tokens, and NFTs. Another similarity to MetaMask is the wallet also integrates easily with decentralized exchanges.
The Coinbase Wallet app is easy to download and set up. The ability to check values and add holdings is really simple. Users also can move funds between their Coinbase account and the wallet directly from the app.
Other features like buying or selling shares with ease, too — a pioneering feature for cryptocurrency apps! It pays dividends to be a first-mover, and Coinbase has nailed it in terms of user experience for a mobile crypto wallet app.
These are just a few of the many great cryptocurrency wallets available on Android phones today, so you’ll need to choose which one is best for your needs and wants before making an investment decision.
This blog post has covered some excellent Bitcoin and crypto wallets for Android devices — now it’s time to review this information in more detail below.
What do I Need to Know About Bitcoin and Cryptocurrency Wallets?
A crypto wallet stores your public key, which allows people on the internet (or whoever) to send coins or tokens to this address so they can be stored safely without fear of being stolen by others.
In addition, some mobile wallets let you hold private keys for addresses that aren’t directly related to crypto coins but instead allow users to sign messages with their private key. This private key is then used to validate signatures on the blockchain and interact with other platforms like Ethereum and ERC-20 tokens.
Are Android Crypto and Bitcoin Wallets Secure?
It would be best if you did not store large amounts of Bitcoins on your Android device. If you want the most secure Bitcoin wallet, it’s a good idea to use one that is hardware-based and offline, like Ledger Nano X or TREZOR T.
While they are not immune to hacking, most of these mobile apps store data on your phone only. There is no way for a third party to access your wallet without having physical possession of the device itself.
Mobile wallets are integral to the crypto ecosystem and allow for easy peer-to-peer payments and other crypto transactions. However, mobile wallets are the least secure cryptocurrency wallets.
When downloading an Android wallet for crypto, your private key is stored on your phone or tablet, and it’s easy to lose access if you misplace it! If a hacker steals that information – bam- they’ve got the keys to everything in there too.
Thieves aren’t the only thing you’ll need to worry about. As we all know, losing a mobile device is quite common because it’s so easy to do so.
You may forget your mobile device on public transit, or someone may snatch your phone from your table at a restaurant while you’re not looking. You could drop the device in water or on the trail while going for a hike, permanently damaging the device and jeopardizing access to your wallet and key.
Put simply, when toting around a mobile crypto wallet, you’ll need to be doubly careful with your device!
A word of caution about crypto wallet scams
Android malware is a real concern. You owe it to yourself and your family’s safety to set up some defenses against the malicious software that affects so many people these days.
There are plenty of ways you can safeguard your phone from harm, but don’t forget about all those shady apps out there on Google Play or in Apple’s App Store.
Be sure not to download any new wallets without doing thorough research first — that would be like playing Russian roulette with financial security!
That’s why it is important to learn how to protect yourself from crypto scams.
Keep your coins safe and secure with a PIN!
Always set up a PIN to protect your funds. A 4-6 digit password should be required for accessing any wallet, which prevents someone who has access to your phone or tablet from logging in and taking control of the account with all of its coins!
Keep your seed phrase safe from natural disasters!
All of the wallets on this list support BIP39 seeds or “recovery phrases.” If you lose this seed, you will no longer access your wallet, and you will lose your funds forever.
The best way to store your recovery phrase is on something that’s water and fireproof. If you’re in an unfortunate situation where all of your electronics are lost, destroyed, or stolen, then storing a backup copy somewhere else will save the day.
Consider investing in a “metal wallet” such as the CryptoSteel Capsule, Crypto Key Stack, or CRYPTOTAG.
Always use a VPN when transacting with an Android crypto wallet
When transacting on an Android wallet, it’s a good practice to use a VPN. That blocks your ISP or hackers monitoring your connection from matching your IP address (and therefore personal identity) with Bitcoin transactions. It’s cheap and easy to implement for peace of mind!
Some good VPN options include NordVPN and Surfshark.
How to Add Funds to Android Crypto or Bitcoin Wallets
To fund your Android crypto wallet, you’ll need to find a cryptocurrency exchange and buy some crypto. Some wallets have these exchanges built-in or provide easy integration (Like Trust Wallet and Coinbase Wallet). Still, they charge high transaction fees, so most people use dedicated ones like Kraken or Coinbase instead.
As long as you follow the KYC (Know Your Customer) identification process, many exchanges allow you to use their fiat (e.g., USD, EUR, GBP) on-ramp so you can buy crypto directly from your card or bank account.
When you’ve bought crypto, you’ll want to enter the amount and the currency in which it’s denominated. That is usually BTC or ETH for ERC-20 tokens (Ethereum).
Some wallets will allow conversion from one cryptocurrency to another within their interface. Still, they don’t offer this service for fiat currencies. So if your wallet does that, make sure you convert any incoming funds back into a cryptocurrency before adding them to your account balance.
If your wallet supports Ethereum, then there are other ways to add funds as well –
There are plenty of decentralized exchanges such as Uniswap and SushiSwap that let people trade with each other directly without needing an intermediary. However, these platforms also charge a fee for each transaction.
FAQs About the Best Crypto and Bitcoin Wallets for Android Phones
Below are some commonly asked questions about Android crypto and Bitcoin wallets.
How much does a cryptocurrency wallet for Android cost?
The crypto wallets listed here are free to download, but they can also have hidden in-app purchases. A newbie might not realize that fees apply until they’ve already started entering their card details or bank account information into the app before realizing that transactions are charged separately.
Some of these Android Bitcoin and crypto wallets might have a one-time fee to buy the digital currency, and when trading ERC-20 tokens or making other Ethereum-based transactions, you should always check the “gas” prices (or Gwei).
Depending on network conditions, prices may be congested, and transaction times may be much slower at different times of the day.
How long does it take me to transfer money from my bank account or credit card into an Android wallet?
It depends on how quickly your financial institution processes transactions, but some banks can be slower than others. The more popular apps tend to work faster because they can process their requests through dedicated channels not shared with other services.
In terms of actual minutes, this could range anywhere between 15 and 45 minutes, depending on what phone you use. The service provider you’re using (e.g., AT&T vs. T-Mobile) may also affect transaction speeds.
Also, if any delay processing at the financial institution or the recipient of your transaction is also using a bank, it will affect the transaction speed.
If you’re trying to send money to someone who doesn’t have an Android phone or does not use any other service supporting NFC-based transactions, it will take longer as more steps are involved in these types of transfers.
Does the wallet store my private key?
Nope! Your cryptocurrency is stored on a decentralized blockchain network. Your phone’s app only stores an encrypted version of your private keys and not the actual keys themselves.
How do I recover my crypto if somebody steals my Android device or physical card?
You can use security features such as facial recognition to safeguard against unauthorized transactions. You should also download backup codes for all accounts into separate devices secured by different methods (e.g., pin-protected notebook).
Suppose you lose both your mobile phone and computer with backups codes. In that case, there may be no way to access any funds in those apps without assistance from wallet providers like MyEtherWallet, who might help provide additional identification information.
Conclusion
The best crypto and Bitcoin wallets for Android phones offer various features such as the ability to convert one cryptocurrency into another, store digital assets such as NFTs, or connect with other services in the crypto ecosystem, such as decentralized exchanges.
While some people may choose not to use an app because they don’t want their information online, most mobile wallets have security measures in place that make it easy to protect against theft.
Ultimately, you should use whichever wallet suits your needs so long as it’s safe and convenient for what you need!
Still have questions? Hop into the AlphaTradeZone Discord server or Telegram channel. There’s always someone around to help. We’ll be happy to receive you!
