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Another bitcoin wallet review by CoinsIQ
More and more people are conducting their transactions through their smartphones. That is why, when you’re investing in Bitcoins or any other cryptocurrencies, you would always try to manage it from your smartphone. One of the main things which you have to keep in mind is that if you want to easily access your Bitcoins from the smartphones, you need a mobile wallet. The problem is that while choosing a wallet, you have to be careful in ensuring that you are opting for the most secured wallet. When you’re looking for mobile Bitcoin wallets, one which you would often come across is Mycelium. Mycelium is able to provide dedicated mobile-based wallets to a lot of users. It has a pretty stellar reputation as well.
In today’s review, we would go into the details of Mycelium mobile wallet in order to help you better understand why it is one of the best options for you.
What is Mycelium wallet?
Mycelium is an electronic mobile wallet which is entirely compatible with the android smartphone. There are a lot of different security features which are built into this wallet. The integration of the mobile wallet with Android operating system ensures that you are able to buy and sell Bitcoins from this wallet quite easily. This is one of the main reasons why this wallet has become so popular.
If you look at the mobile application of Mycelium, you would realize that it is pretty easy to understand. The graphic user interface is simple to understand and moreover, it is pretty easy to use.
We would today go into the features of the Mycelium mobile wallet in order to give you a better idea how you can use it.
Mobile operating system compatibility:
This wallet is compatible with the Android operating system as well as the iOS operating system. This ensures that you would be able to run it on a maximum number of mobile devices as well as tablets. Thus, you do not have to take any extra steps in order to make the wallet compatible with your smartphone or tablets.
The wallet was 1st founded in 2008. Since then, it has a very stellar reputation. It is considered as a safe wallet by the entire industry. That is why, even when you’re asking for wallet recommendations from your exchange, most of the exchanges would be recommending you this wallet.
The Code of this wallet is open source. This ensures that you are able to easily get newer and newer developments from time to time. This enhances the security further as well.
Integration with hardware wallets:
These days, in order to keep the Bitcoins safe, it is important to put them in the hardware wallets. Mycelium is completely integrated with the hardware wallets as well. This ensures that you are able to keep your Bitcoins completely secure. The hardware wallets can store the Bitcoins off-line. This ensures that you do not have to worry about hacking or any kind of attacks on your wallet.
Different account options:
Depending on a number of Bitcoins which you want to store as well as the time period for which you want to store, the type of accounts which are on offer are plenty. Thus, you can easily choose the contacts which are the perfect option for you.
This wallet can be easily connected with the Bitcoin network. This ensures that whenever you want to transfer the Bitcoins or buy or sell the Bitcoins, it can be easily integrated to the main network as well. This makes it much easier for you to use the Bitcoins directly from your smartphone. You would not even have to get on the computer in order to use the Bitcoins. This is one of the main advantages of this mobile wallet.
The company who is behind the Mycelium mobile wallet is always evolving the features in order to make it more secure for the users to store their Bitcoins. It is also integrating more and more technology in order to make sure that the wallet is becoming multifunctional.
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