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Author Topic: What are the best features in a mobile crypto wallet?  (Read 618 times)
Blue_oxen
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June 11, 2020, 06:47:19 AM
 #21

The security is the most important features that a mobile crypto wallet needed because that will secure the user account so they can prevent from the hacker. The other features may be about the converting function inside the wallet so the user can convert their coins to another coin, and they don't have to send it into the exchanges.
True! However, I think it'll take a while for developing those features in the mobile crypto wallet. One of the favorite things, when I use the mobile crypto wallet, is its convenience. I can access my wallet wherever I want. I think, personally, the mobile crypto wallet will be the future of the cryptocurrency wallet.

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June 11, 2020, 06:57:49 AM
 #22

High security feature, low fee transaction, and performance wise fast and friendly user.

Not all mobile wallet are good. Some of them even consist of virus and malware so better not just download wallets on Playstore but you must also review if the content and feedback are all good. Im using imtoken app and trustwallet and so far I had no problem using it. But my eth address are created on mew just importing it. Trustwallet is so cool you can store even binance chain token and other blockchain like zilliqa and many more.

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June 11, 2020, 06:59:05 AM
 #23

The security is the most important features that a mobile crypto wallet needed because that will secure the user account so they can prevent from the hacker. The other features may be about the converting function inside the wallet so the user can convert their coins to another coin, and they don't have to send it into the exchanges.
Yes the conversion feature becomes an interesting feature in a mobile Crypto wallet. But I think there is rarely a mobile wallet that provides this feature. I personally still rarely use other mobile wallet besides Imtoken. Can you give me an example wallet that provides conversion features?
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June 11, 2020, 07:01:14 AM
 #24

Selling your tokens and coins through exchanges inside your mobile wallet is the best feature presently, coinomi wallet and trust wallet has only insta swap services like shapeshift and Changelly but will ridiculously high charges

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June 11, 2020, 07:08:06 AM
 #25

Sometimes a mobile wallet offers encryption, and that is appealing to me. The flexibility and ease is also cool, you don’t have to turn on your computer to carry out transactions. Well, I have a mobile wallet that even supports trading. So mobile crypto wallet has been very helpful.
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June 11, 2020, 07:53:51 AM
 #26

A mobile wallet that gives us control of our private key is my major requirement from any mobile wallet out there. Apart from that, some extra security function on the wallet is also great. Some good and easy to handle UI will seal the deal. Right now I am using Trust wallet and Enjin wallet(for NFTs).
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June 11, 2020, 08:20:27 AM
 #27

Yes that's true, multi-currency mobile wallets are becoming the main deal now, and in my own opinion, the best things to look out for or the questions to be asked is, does the wallet support a good number of cryptocurrencies taking into account there are many cryptocurrencies in the crypto space today?. Another is, the cryptocurrencies that one can stake, can it be done (that is the staking) within that multi-currency mobile wallet?. While the last is, is there a fingerprint scanner to make login easy?

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June 11, 2020, 09:49:40 AM
 #28

I had a strange experience earlier this year when I wanted to import my Coinnomi wallet to Trust wallet using the passphrase. It is a 16 Digit old passphrase I open back in 2018. Whenever I import my wallet to Trust wallet or any other wallet, it gives me a new ETH address different from the one in the original Coinomi wallet from which I had created the wallet. I guess it was compatibility issues, I had to create a new wallet and transfer all my funds.
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June 11, 2020, 02:17:30 PM
 #29

I always look for the mobile wallet which do have a strong security. The reputation of such wallet rely on how secured their system is. Also, been looking for the one that can easily manage, I do not want some complicated features as well. Though I am also in favor of lower fees since some mobile wallets have fixed high rates but I still understand about that.
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June 11, 2020, 02:25:55 PM
 #30

Digital crypto wallet will allow users to have full control of their crypto assets and enables them to conduct fast and secure peer-to-peer transactions.users can take full control of what they own and benefit from the all-inclusive features integrated within the wallet.
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June 11, 2020, 02:26:25 PM
 #31

Selling your tokens and coins through exchanges inside your mobile wallet is the best feature presently, coinomi wallet and trust wallet has only insta swap services like shapeshift and Changelly but will ridiculously high charges
Yes, but that feature can also sometimes be very useful if the tokens or coins we have are not in another exchange, but if the tokens or coins we have are in another exchange at a price ratio that is almost the same, then it's better to sell them in exchange other than selling in the wallet feature directly.
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June 12, 2020, 02:44:12 AM
 #32

True! However, I think it'll take a while for developing those features in the mobile crypto wallet. One of the favorite things, when I use the mobile crypto wallet, is its convenience. I can access my wallet wherever I want. I think, personally, the mobile crypto wallet will be the future of the cryptocurrency wallet.
Yes, convenience will be the most thing that we needed to choose the wallet that we want. If we can not feel convenient, we will not select that wallet, and we will search for the other wallet. We see that in any country, many companies offer a digital wallet to store the money, and people can use that wallet to buy or pay something that they want.

Yes the conversion feature becomes an interesting feature in a mobile Crypto wallet. But I think there is rarely a mobile wallet that provides this feature. I personally still rarely use other mobile wallet besides Imtoken. Can you give me an example wallet that provides conversion features?
So far, I use Jaxx, and I don't have any problem, but I heard that some people complain or don't like with that wallet. Besides of Jaxx, I use Atomic wallet to store my coins. But I save the other coin in my ledger Grin

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June 12, 2020, 02:57:05 AM
 #33

Selling your tokens and coins through exchanges inside your mobile wallet is the best feature presently, coinomi wallet and trust wallet has only insta swap services like shapeshift and Changelly but will ridiculously high charges
Yes, but that feature can also sometimes be very useful if the tokens or coins we have are not in another exchange, but if the tokens or coins we have are in another exchange at a price ratio that is almost the same, then it's better to sell them in exchange other than selling in the wallet feature directly.

thats impossible . crypto wallets that have a built in exchange can only support small number of coins  not unlike to regular exchange that can support many kinds of coins  but like you said if the coin is available on both crypto wallet with a built in exchange and on a regular exchange at same price rate , its better that you can trade inside your wallet because this saves time and effort most especially if you dont have an account on an exchange   . add in the the transfer fees and the trading fees to when you transfer your coins and when you use a regular exchange  .
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June 12, 2020, 06:40:09 AM
 #34

of course, the efficiency IMO...
crypto mobile wallet is very simple, when you need funds or withdrawals, there is no need to bother opening a laptop or computer, the security offered is pretty good.

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June 12, 2020, 06:49:30 AM
 #35

of course, the efficiency IMO...
crypto mobile wallet is very simple, when you need funds or withdrawals, there is no need to bother opening a laptop or computer, the security offered is pretty good.
now some exchanges also already have a mobile application. IMO is quite good and has many uses. but to be honest I am more comfortable using a computer than mobile in buying and selling or anything.

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June 12, 2020, 02:00:38 PM
 #36

I understand that hardware wallets are the best and most secure crypto wallet out there if I am speaking correctly. However, mobile wallets are mostly used due to ease of access, free to use, portability, and some personal reasons. With a bunch of mobile wallets out there, choosing a good one is fast becoming a herculean task. In your opinion, what are the top 3 features one should be looking out for in every multi-currency mobile wallet?
My top three feature to look out when using a mobile wallet is: It has to be secured, has a user-friendly interface and app must be lightweight, not bloat. That's it.
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June 12, 2020, 02:03:17 PM
 #37

That your wallet is everywhere you are. People shouldn´t hold all their coins on a mobile wallet, but you never know what will happen to your mobile phone. So transfer funds to your mobile phone that you are going to spend on goods for example and rest keep on your hardware wallet.  Cool

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June 12, 2020, 04:42:58 PM
 #38

My favorite hardware wallet, and by far the most popular, is the Trezor wallet. I could call it my best cryptocurrency wallet. It is a bulletproof Bitcoin wallet and is hyper-secure it supports Windows, Linux, Max and has one of the best Android wallet apps available for cold storage crypto investment.
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June 12, 2020, 04:51:14 PM
 #39

I like the easy to use interface and the option to scan a QR code directly with the camera. This helps to interact with the wallet a lot. On top of that you have your coins always in your pocket with you

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Renampun
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June 12, 2020, 05:09:43 PM
 #40

...
now some exchanges also already have a mobile application. IMO is quite good and has many uses. but to be honest I am more comfortable using a computer than mobile in buying and selling or anything.
You are right the computer is more comfortable...
but you don't carry your computer anywhere when you are in a supermarket, cafe or transport terminal, a smartphone is the best device for making payments. this efficiency makes the crypto mobile wallet more useful. Grin

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