Topic: An Overview of Bitcoin Android Wallet (Read 597 times)

Any feedback on Jaxx? I checked their Twitter page and it looks not much is going on there ¯\_(ツ)_/¯

Locking a wallet doesn't stop at attacker from brute-forcing it. It's open source, he could simply edit the source if there's anything in there that stops him from trying one million times. Or, more likely,. he's just use or create another piece of software that tries one million codes in a few seconds.

Never used electrum, but if it locks access to wallet after certain number of incorrect attempts, 6 digit pin is enough.

That's quite a statement, so I got curious:
Enjin.io doesn't give much information, but shows mostly cool-looking pictures and an instant "Download Now" link and a signup link without saying what it really is. The entire website screams "ICO", and indeed, they raised tens of millions of dollars at the peak of the ICO-hype.
So who are those "People" who "say that Enjin is like hardware wallet in phone"? It's Enin themselves! Please don't post marketing slogans as if it's true.
But wait, they also have Proven Security, including "An extensive independent security audit and penetration test found no security issues". So what does the Report say:
Now read that again, because that's where I stopped reading the report! In short: If your device is secure, you're good to go. That's nothing like a hardware wallet, which is supposed to protect you from software threats.

Please have a look at the below wallets also:

• Copay
• Enjin
• Airbitz
• Jaxx
• Bitpay

People do say that Enjin is like hardware wallet in phone.

I read a while back that Mycelium stores the seed unencrypted. On a rooted phone it can easily be accessed.
I'm not sure if they still do this, but a 6-digit pin isn't enough to protect it against brute-forcing anyway.

I use Mycelium, but only for small amounts in case I ever pass a place where I can buy a beer or coffee with Bitcoin. After all, I consider a mobile device to be insecure by default.

Mycelium (android) has been updated on 23.12.2019. I know that this was 3 days after your post, but the update before that day was the 12.12.2019, roughly 1 week before your post.

Mycelium is neither outdated nor insecure in any way.

Might want to elaborate what exactly makes it an insecure wallet? Any vulnerabilities? Any flaw in their concept?
Anything which actually makes one believe that this wallet is less secure than other open source mobile wallets? I don't see anything indicating this.

It’s really not. Just the fact that Mycelium android/iOS app hasn’t been updated on years, it makes it a bad an insecure wallet. There are far way better options which are not negligenced by their devs.

Samourai for android, for example.

Well, I'm not pleased with the rating you gave Mycelium wallet, why give it a 5? It's one of the most secured wallet out there. It also have a feature to exchange your coin, though I haven't tried it yet.
You get 3 different addresses upon creating your wallet, the native segwit, nested segwit and the legacy wallet address. Also, you can use hardware wallet on it.

A thread was created before about electrum that became vulnerable to hackers. I remember that it is important message for the users because their funds are in danger. But now electrum is now safe because they updated their system and I using it now in terms of storing my bitcoins. But it still preferable to use hardware wallet after all.

Electrum was vulnerable sometime ago before the 3.3.4, hackers were able to send fake update notification & if someone fall into that trap, they will lose their BTC. I guess it's not much fault from Electrum side, it's your fault that you couldn't use the software perfectly. I guess Electrum is one of the best wallet.

I would include coinomi as well if it was bitcoin only wallet. As far as I know it's a multicrypto wallet.

You have a big mistake because you are using a custodial wallet, which means that this is not decentralized and you are not own your private key. Electrum is totally safe and also Coinomi because these wallets allow you to keep your own private key and passwords.
Nice share OP but I just wanted to include Coinomi too.

I stop using electrum when it became a hot issue before where the hackers can crack the code and can hacked funds from the users. I use now coinbase and coins.ph where it suitable for me because I can easily access my funds and I can guarantee the safety of my funds there because both of them are both popular and have high security wallet.

I use ImToken as a bitcoin wallet on Android. Supports segwit and usage which is quite easy. But before that I have published a thread about several bitcoin wallets for Mobile/ Android and iOS. Never tried it one at a time, but i am sure some people have already tried it.

Read more: Bitcoin Wallet for Android and iOS Indonesian version.

---

read more here and find information: https://token.im/

You can try this app imToken and download here for android: https://play.google.com/store/apps/details?id=im.token.app

Has anyone tried using the latest version of Electrum for BitPay?

I had to use some old version because the recent one had issues registering with BitPay.

Personally,I prefer to use two mobile wallets and they are imtoken ana trust wallets.
imtoken 2.0: The reason why I love this wallet is purely sentimental, it's my first ethereum mobile wallet and I came to love that wallet because of it's reliability so when they upgraded to imtoken 2.0, I decided to give a try and I loved it too because it's very convenient, I could use a single wallet to store all my major coins, Bitcoin, ethereum, EOS and more.

Trust Wallet: I tried this wallet on a friend's recommendation as I have to admit that it was love at first use, I love the fact that I could back up every of the wallet there across all chains with just a single back-up phrase.

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.

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

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:

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!

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.
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.

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://bitcointalksearch.org/topic/how-to-create-lightning-network-channel-testnet-5202971
If you need test net coins for testing purpose, I can share you as well.
For learning more about Lightning Network- https://bitcointalksearch.org/topic/a-beginners-guideline-to-bitcoin-lightning-network-5202798

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.

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.
Both are same. It was a mistake. Both means the same; seed key. Will update it now.

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.

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..).

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.

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/

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 

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  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.

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.

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.

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.

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.

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.

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.

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://bitcointalksearch.org/topic/m.40020107

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.

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.

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

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