Top 5 Cryptocurrency Mobile Wallets of 2018

Top 5 Cryptocurrency Mobile Wallets of 2018

Cryptocurrency Technology
September 27, 2018 by Ramaa Mohan
9920
When entering and expanding in the cryptocurrency market it is essential to make sure that you have a good, functional wallet. The characteristics and the functionalities that determine whether a particular wallet is good and functional are; its privacy, security, user interface and method of storing.   While most top exchanges do offer its users
Top cryptocurrency wallet

When entering and expanding in the cryptocurrency market it is essential to make sure that you have a good, functional wallet. The characteristics and the functionalities that determine whether a particular wallet is good and functional are; its privacy, security, user interface and method of storing.

 

While most top exchanges do offer its users and customers a wallet service and are quite intuitive to use, they aren’t always the safest of places to store your digital assets. This is because exchanges are very susceptible to hacking and are the ideal targets. Because when a large number of people store digital assets in one place, it forms a honeypot that makes it more lucrative and attractive to a hacker.

 

But let’s be honest, storing digital assets online is by far the easiest and most convenient methods. There are many, many options available in this space and it is important to find the right fit for you and also make sure that it is the safest bet. You do this by evaluating the pros and cons of each online wallet that you’d like to use and then make an informed decision based on it.

 

Here is a list of the

Top 5 mobile wallets.

 

Eidoo


Eidoo is a multi-currency crypto wallet. The wallet supports the storage of most altcoins and has a specific focus on Ethereum and other ethereum based tokens. Tokens adhering to ERC20 and ERC223 tokens can also be easily stored on Eidoo. The only drawback of the Eidoo wallet is that the ability and functionality to store Bitcoins is still something that is coming soon.

 

Eidoo has been a cryptocurrency wallet for just over a year, as it released in August 2017. The wallet was developed in Switzerland by a company called Eidoo Sagl.

 

The wallet boasts of ease of use and simple user-interface. It is interactive and very intuitive to use. The wallet is also looking at branching out into a lot of other fields in the crypto industry as well.

 

The privacy and security structures are pretty standard. It features the private keys, a backup phrase and a recovery tool. The backup phrase comes into play when you lose control of your wallet or get locked out while the recovery phrase comes into use when the device you are using the wallet on is lost.

Click to download:   https://play.google.com/store/apps/details?id=io.eidoo.wallet.prodnet

 

PlatformiOS and Android
Number of Downloads 100K +

 

 

Jaxx

 

Jaxx is another really good wallet application to use. Though it isn’t well-known and is often lost between the big names, the application has its priorities set right and is a very intuitive application to use. The application makes up for its lack of a name with its features.

 

Jaxx has one of the fastest transaction turnover time and has a user interface that is very, very easy to use. This application is recommended to everybody that is just starting out in the cryptocurrency market because it is very simple to use.

 

A very interesting feature that Jaxx users enjoy is the ability to prioritize transactions. Supposing there is a transaction that a user wants to happen first and have all priority, they can choose to make it happen faster for a little higher transaction fee. Which is not too bad a trade off for speed, in the case of an emergency.

 

The one place that Jaxx falls behind the rest of the wallets out there is the lack thereof a two-step authentication process. Instead of that the wallet uses the private key alone. But has other security features that make up for the missing two-step authentication.

 

Jaxx also supports ShapeShift integration. Which makes it a lot easier for users to use the application because the exchanges supported by Jaxx isn’t a concern. Another difference between this wallet and other ones is the fact that the others are predominantly open source, but this isn’t the case with Jaxx’s code.

Click to download:  https://play.google.com/store/apps/details?id=com.kryptokit.jaxx

 

PlatformiOS and Android
Number of Downloads 500K +

 

MyCelium

 

MyCelium is one of the best rated-applications in the Play Store. The application also won the best mobile application from blockchain.info. The code to MyCelium is open-source, like many other wallet options is also one of the safest.

 

The application in app settings has a huge plethora of security features and options for users to choose from. The application on default settings features a two-step authentication process comprising of a user-set PIN and for transactions the private keys of the account.

 

The user interface is very clean and clear. It sports two well labelled buttons each for sending or receiving funds and future iterations are said to have a QR code scanner as well.

 

The project is already open-source, which makes it easier to eliminate bugs and problems in the code and also instills trust in the security measures taken by the company to secure funds. Apart from these options, MyCelium also has functionalities that allows easy and hassle-free integration with hardware wallets.

Click to Download: https://play.google.com/store/apps/details?id=com.mycelium.wallet

 

PlatformiOS and Android
Number of Downloads 500K +

Most Read Top 5 Low Cap Altcoins to Buy for Decent Gains




Trust Wallet

Trust wallet is a wallet that supports Ethereum and all Ethereum based tokens. It is an open source iOS and Android wallet. The wallet has seen a lot of popularity among investors in the Ethereum platform. It is best and more popularly known as an ERC20 token standard wallet.

 

The privacy and security of this particular wallet is quite high. The only disadvantage being that the private keys of users are stored locally. The entire code of the wallet is open source and audited.

 

A very interesting feature that Trust wallet has is that it runs a private exchange. The private exchange allows users to sell and buy Ethereum tokens. The private and local exchange for Trust wallet is designed and run by the Kyber Network.

 

The Trust wallet is known for its simplicity and ease of use. The user interface is clean and crisp, and thereby it is a lot easier for people to get used to. The wallet also sports an import feature which is very popular among users.  

Click to Download:
https://play.google.com/store/apps/details?id=com.wallet.crypto.trustapp

 

PlatformiOS and Android
Number of Downloads 100K +

 

 

 

Coinomi

 

Coinomi is the most popular choice among mobile wallet applications in the market right now. This is because the application is the right combination of all that is required out of it.

 

The application supports multiple cryptocurrencies. Which makes it easier for its users and customers because it brings down the need for multiple wallets and thereby multiple accounts. It acts as the single point of access to its users.

 

The privacy settings and features of the application are quite standard. It generates a seed for users, with 12 words, to record and remember for account and asset recovery in the event of loss. Apart from this, at setup the application gives users an option as to add another layer of security with a PIN or password.

 

The wallet also has integrations with ShapeShift and Changelly. And this integration allows users the additional option of being able to exchange their coins. This exchange, however, will cost users a small fee. This option of being able to exchange coins has been criticised by users saying that they faced some minor glitches and issues while doing so.

Click to Download: https://play.google.com/store/apps/details?id=com.coinomi.wallet

 

PlatformiOS and Android
Number of Downloads 500K +

 

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