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Author Topic: An Overview of Bitcoin Android Wallet  (Read 541 times)
RapTarX (OP)
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November 20, 2019, 07:31:29 AM
Last edit: November 20, 2019, 07:54:00 AM by RapTarX
Merited by AB de Royse777 (3), LoyceV (2), ABCbits (2), hugeblack (2), Little Mouse (1)
 #1

This list and rating is from my personal experience. I have installed and used for a while all of these wallet to check how these works. If I have done any mistake, please let me know. I will edit & update asap.

Abbreviation
Name- Name of the wallet + Link to playstore
Fee- Fee can be customized or not
Segwit- Segwit compatible or not
Multisig- Multisig available or not
LN- Lightning Network available or not
Security- Seed key/Private or both

Rating Point
Fee- 2
Segwit- 1
Multisig- 2
LN- 1
Security- 4

Bitcoin Wallet for Android


Name          
Fee    
Segwit    
Multisig    
LN    
Security    
Rating    
Electrum          
Custom    
Yes    
Yes    
No, upcoming    
Seed, wallet file    
9    
Eclair          
Custom    
Yes    
No    
Yes    
Seed, wallet file    
6    
BTC Wallet          
No, based on priority    
Yes    
No    
No    
Wallet file, Paper wallet    
5    
Mycelium          
Almost custom    
Yes, with nested segwit    
No    
No    
Seed key, wallet file    
5    

This topic will be updated once I have used/tested the other Android Wallets.

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November 20, 2019, 07:41:15 AM
 #2

Tried Bluewallet, Jaxx, Samourai wallet and Coinomi? They are also good wallet. Don't like the Jaxx wallet much but others are good ones and have good reviews. It would be great if you can try them out and add them accordingly.
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November 20, 2019, 07:49:15 AM
Merited by RapTarX (1)
 #3

You should use better spacing in your tables, so people can read them (at least first column needs widened). An idea would be to use underscores, like in the last post here: https://bitcointalk.org/index.php?topic=4301317.msg40020107#msg40020107

I think that Mycelium needs a better rating, since it's well maintained and the source code is public. And a public/closed source column could be also useful too.

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RapTarX (OP)
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November 20, 2019, 07:58:17 AM
 #4

Tried Bluewallet, Jaxx, Samourai wallet and Coinomi? They are also good wallet. Don't like the Jaxx wallet much but others are good ones and have good reviews. It would be great if you can try them out and add them accordingly.
Coinomi supports multi crypto which I didn't consider using for storing my bitcoin at all. I will try the other wallet and add into the list. Thank you.

You should use better spacing in your tables, so people can read them (at least first column needs widened). An idea would be to use underscores, like in the last post here: https://bitcointalk.org/index.php?topic=4301317.msg40020107#msg40020107

I think that Mycelium needs a better rating, since it's well maintained and the source code is public. And a public/closed source column could be also useful too.
Have updated the OP just now. Hope it now looks better than previous.

Well, I have used my personal rating point and it may vary. But I liked the idea of adding new column for public/closed source. I will add it soon with new rating point. I have given most priority in security, never thought that public/closed source is a part of security as well.

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November 20, 2019, 07:58:39 AM
 #5

Tried Bluewallet, Jaxx, Samourai wallet and Coinomi? They are also good wallet. Don't like the Jaxx wallet much but others are good ones and have good reviews. It would be great if you can try them out and add them accordingly.

Yes Coinomi and TrustWallet need to be added in this OP thread, and I have long used the wallet to be safe, but the OP's bitcoin wallet I wrote has not used it because in my opinion it is not a recommendation for me.

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November 20, 2019, 11:31:48 AM
 #6

Mostly android is a widely used device that is commonly used by the user while sending and receiving coins. You can securely store your crypto assets in an android wallet. Also, you can access to the tokens whenever you want. Also, you can add trust wallet and guarda.I have used these two wallets quite some time. Trust wallet supports many cryptos along with BTC where guarda has so many advanced features and it supports almost all the versions like android, ios, mac, Linux.


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November 20, 2019, 11:41:12 AM
 #7

Seems like you missed GreenAddress wallet,which is one of the best bitcoin wallet for bitcoin.

Playstore link : Blockstream Green Wallet

Which supports multisignature,24 words recovery seeds,not sure about LN support.
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November 20, 2019, 01:03:55 PM
 #8

Tried Bluewallet, Jaxx, Samourai wallet and Coinomi? They are also good wallet.
I'll add my 2 sats to this thread. First: don't risk large amounts on Mobile wallets!
I'm actively using Mycelium (for years now), Coinomi (for even lower amounts of altcoins, but it's very convenient), Eclair (for non-custodial LN), and Bluewallet (for non-custodial on-chain funds but custodial LN). I use different Android devices depending on how much I trust the wallet.

I'll list some of the differences between Eclair and Bluewallet:
-In Eclair, you have to open a channel first (with on-chain fees). When you close this channel, you'll pay fees again and I'm still not sure how those fees are calculated.
-In Bluewallet, you send on-chain funds to "buy" the same amount in LN-funds. The trade off is that you have to trust them with the funds.
-In Eclair, I've had a hard time sending transactions of (say) 10,000 satoshi. It's often difficult to find a route.
-In Bluewallet (or any other large website that accepts and sends LN), it's much easier.
-In Eclair, LN-fees depend on the route. It can be free, it can take up to 3%.
-In Bluewallet, fees are 0.3 to 1%.
-I expect connectivity from Eclair to improve once LN matures and more nodes have more open channels.

My advice: try them both, spend some time on them, enjoy the speed of sending a few Satoshi from one website to the next one (casinos are great for testing this), and see what you prefer.

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November 20, 2019, 01:54:04 PM
 #9

Which supports multisignature,24 words recovery seeds,not sure about LN support.
It doesn't support LN, only Bluewallet and Eclair support the Lightning Network. Anyway, I will try the Green Wallet and add it here as well; I didn't forget  Wink

My advice: try them both, spend some time on them, enjoy the speed of sending a few Satoshi from one website to the next one (casinos are great for testing this), and see what you prefer.
Thank you for the suggestion. I am trying hard to learn the LN because I am interested into this. Will try both but let me test the Eclair first  Cheesy which I am trying already.
By the way, which casino are you talking about? If I am correct, I have seen a thread; an user has asked the gambling site to test something he has developed for LN.

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November 20, 2019, 02:02:11 PM
 #10

I would keep only smaller spending part of my bitcoin on mobile wallets.

What about BRD wallet?
It is well rated on Bitcoin.org wesbite and it is OpenSource:
https://bitcoin.org/en/choose-your-wallet?step=5&platform=android
https://brd.com/

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November 20, 2019, 02:18:25 PM
 #11

By the way, which casino are you talking about?
See Lightning Network Stores directory for many options. The one I've lost most to is lightning-roulette.com, and I mainly like it because you can instantly deposit or withdraw as little as 1 satoshi.
There are several others like that, which means you can deposit, play, transfer to the next casino, play, and transfer again within a minute.

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November 20, 2019, 02:22:05 PM
Merited by LoyceV (2)
 #12

Mycelium does not only support nested segwit, but native segwit too.

I also don't really get your "security" column. What's your difference between 'seed' and 'seed key'.
With mycelium, you get a mnemonic code to backup - the current standard.

Additionally, every mobile wallet can be recovered using the wallet file. You just need to access it.


What you define as 'security' should be better called 'backup'.
You didn't include anything regarding the security of the wallet at all (e.g. pin code protection, how easy to circumvent, etc..).

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November 21, 2019, 01:03:45 PM
 #13

Mycelium does not only support nested segwit, but native segwit too.
You got me a bit wrong here (May be I couldn't present it very well.) I meant it has the nested segwit as well.
Quote
I also don't really get your "security" column. What's your difference between 'seed' and 'seed key'.
Both are same. It was a mistake. Both means the same; seed key. Will update it now.

Quote
What you define as 'security' should be better called 'backup'.
You didn't include anything regarding the security of the wallet at all (e.g. pin code protection, how easy to circumvent, etc..).
You are right, it should be back up. I wanted to share how much secure the wallet is regarding different kinds of back up. This was a misunderstanding from me; back up & security are different.
I have planned to add some more column with more information but I scare that will mess up the whole thing.

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November 21, 2019, 01:13:21 PM
 #14

For anyone looking for a Lightening Network focused bitcoin Mobile wallet, You can check out Wallet of Satoshi - Link🚀  from what I know, It's a full-fledged Lightening Networks wallet.

PS: I'm yet to try it out, just that it's becoming a regular name among Crypto Twitter Lightening Networks Enthusiasts.

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November 21, 2019, 02:08:16 PM
 #15

For anyone looking for a Lightening Network focused bitcoin Mobile wallet, You can check out Wallet of Satoshi - Link🚀  from what I know, It's a full-fledged Lightening Networks wallet.
Thanks for sharing. I have never used that.
I have tried Eclair with test net version and the experience was good. Eclair is easy to use. I have paid Starblocks for coffee with the test net LN. If you are interested, you can check it out here- https://bitcointalk.org/index.php?topic=5202971.0
If you need test net coins for testing purpose, I can share you as well.
For learning more about Lightning Network- https://bitcointalk.org/index.php?topic=5202798.0

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November 21, 2019, 09:15:50 PM
 #16

So far there is only few wallets in overview. I wait to see some more wallets in your list.
Personally, for me Coinomi is prefered mobile wallet. Though I mainly use it for altcoins, not Bitcoin.
Bitcoin Wallet is first mobile wallet that I ever tried. But it was so long time ago, that I don't remember my experience with it. But from what I saw in their changelog it's still actively developped.
But in general, no matter which mobile wallet you're using, it's not a good idea to hold lot of money in it.
For anyone looking for a Lightening Network focused bitcoin Mobile wallet, You can check out Wallet of Satoshi - Link🚀  from what I know, It's a full-fledged Lightening Networks wallet.

PS: I'm yet to try it out, just that it's becoming a regular name among Crypto Twitter Lightening Networks Enthusiasts.
This is first time when I hear name of this wallet. There isn't many reviews about this wallet, and I don't want to use wallets which aren't very popular. Offcourse, I'm not saying that this wallet is bad and it's cool to see Lightening network focused wallet.

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November 24, 2019, 05:56:37 PM
 #17

I'll add my 2 sats to this thread. First: don't risk large amounts on Mobile wallets!

Most important rule when talking about mobile wallets.
Its great someone did guide like this, to rate mobile wallets with their own experience/opinions.
I was missing that, wondering which wallet to choose. Thanks!
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November 24, 2019, 06:23:14 PM
 #18

Scammer warning!

User Velkro loves stealing money by advertising his scam-signature on Beginners boards where his bad Trust rating is not visible. Don't fall for this, don't click the scam site in his signature!
This is what his account really looks like:
Trust score loading...

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November 24, 2019, 06:39:24 PM
 #19

why don't you add the android wallet that from blockchain.com?
because until now i still use that wallet to store my bitcoin and i think the app is very easy to use

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Mashfiqun
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November 24, 2019, 06:46:44 PM
 #20

why don't you add the android wallet that from blockchain.com?
because until now i still use that wallet to store my bitcoin and i think the app is very easy to use
Blockchain is an online based wallet service. And any web wallet is prone to hacking. I mean it is less secure than wallets like Electrum or like hardware wallets.
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