The internet has been abysmal with countless mentions of “Bitcoin wallets” on various online platforms over the past two years, but there is a significant portion of the population that doesn’t really know or understand what they Bitcoin Are really. In this article, we list the best bitcoin wallets out there right now. But first, let’s briefly cover some bitcoin basics.
What is Bitcoin?
Bitcoin is a digital currency that employs decentralized technology to store money and make safe and secure payments without the need for names of banks or people involved.
Invented by an unknown programmer/program by the name of Satoshi Nakamoto and later released as open source software in 2009, Bitcoin can not only be used to make purchases with a number of online retailers, but can also be used to send real money anywhere in the world!
What is a Bitcoin Wallet?
A bitcoin wallet is software that stores the information needed to transact bitcoins. This is the first step in using bitcoins. Although it is often said that a wallet stores bitcoins, but in fact a bitcoin wallet stores private keys (super complex passwords that only digital systems can understand) which gives their users access to bitcoins that can be used for monetary transactions. Think of a bitcoin wallet as an interface that connects you to the bitcoin network. Long story short, a bitcoin wallet is absolutely essential for being able to store, receive and spend bitcoins.
Bitcoin wallets are of a few types including hardware wallets, desktop wallets, web wallets, and mobile wallets. Now, let’s look at some of the best bitcoin wallets for Android now.
The Best Bitcoin Wallets for Android
MyCelium
As of now, MyCelium is the most popular bitcoin wallet for Android users. It’s incredibly simple to use, lets you store your bitcoins, manage multiple accounts, and create backups. Its wallet is HD enabled (hierarchical deterministic wallet), meaning it uses a “master seed” to sequentially derive all future Bitcoin addresses and never reuse addresses. It also offers local GPS-assisted bitcoin transaction, which allows you to see people who want to sell or buy bitcoin in your area.
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Blockchain-Wallet
Blockchain Wallet is one of the best bitcoin wallets for Android. If you are into cryptocurrency trading, you can use this app to store all your cryptocurrencies.
This wallet supports major cryptocurrencies such as Bitcoin, Ethereum, Stellar, and USD PAX. The best thing about Blockchain Wallet is that it is equipped with security features such as two-factor authentication, biometric or PIN unlock, server-side entropy and backup phrase, which provide the best protection to your stored funds. Its use is also totally free.
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copay
If you want to access your bitcoin wallet on multiple devices, Copay is a neat option. The app securely stores separate and separate Bitcoin wallets, allowing privacy-conscious business users to keep their funds properly separated. In simple terms, this means that on Copay, you can involve multiple people in all transactions. It is also one of the first bitcoin wallets to support the full bitcoin payment protocol (BIP), a relatively new payment protocol designed by its developers to improve the security of bitcoin.
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blockfolio
If you are into cryptocurrency trading, you might know that cryptocurrencies are very volatile and a one-minute delay can lead to huge losses and gains. So, if you want to stay on top of your cryptocurrency trading, you can use the Blockfolio app.
This app provides live exchange prices from over 300 cryptocurrency exchanges around the world, including Coinbase Pro, Binance, Bittrex, CoinMama, and BitMEX. It also provides the latest updates and news from reputable sources across the web to keep you informed. If you like crypto trading, Blockfolio is a great option for you.
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Delta
Delta is a very effective cryptocurrency wallet tracker. The best thing about Delta is that it supports over 5000 cryptocurrencies including Bitcoin, Ethereum, Litecoin, NEO, and Monero.
It also provides detailed coin analysis that helps you make the right decision. You can also set up price alerts, which is very handy if you prefer short-term cryptocurrency investments. Delta is one of the best bitcoin wallets for Android. You can use the app for free, but there are in-app purchases.
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Conclusion
That’s it, guys. These are the best bitcoin wallets for android in 2022. Most of these apps are free, but you might have to pay some money to get premium features or trading fees. If you have any questions, please let us know in the comments section below. In addition, you can consult our guide on best cryptocurrency apps for android.
