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Ibadan
3 Level
97 Review
16 Karma

Review on Mycelium Wallet by Flourish Titilope (Abesther)

Revainrating 4 out of 5

Mycelium Wallet- An open source wallet

Mycelium is a highly integrated Bitcoin company specializing in hardware, software and security. Mycelium Wallet is a mobile wallet that you can use to store, send and exchange bitcoins. The creators may not say that the list of available features that the wallet offers is really impressive, in those words. The marketplace is integrated into the MyCelium Bitcoin Wallet itself. buy or sell something), you don't have to transfer bitcoin or fiat currencies from your wallet to the market ciphertext. This wallet gives you full control over your bitcoins. This means that no third party can freeze or lose your money. However, you are still responsible for insuring and securing your wallet.This wallet is loaded on phones where applications are usually isolated, which provides good protection against malware, although phones are usually easier to steal or lose. Encrypting your cell phone and securing your wallet can reduce this risk. This wallet makes it harder to spy on. on your account balance and payments through rotating addresses. However, you should make sure to use a new Bitcoin address every time you request a payment. This wallet offers fee proposals based on the current network conditions. This means that this wallet will help you choose the right one. so that your transactions are confirmed in a timely manner without paying more than necessary. The Mycelium wallet can be downloaded directly from the company's main page. Here you will be asked to download the wallet on Android or iPhone. also available on Google Play and iTunes. When it comes to security, MyCelium uses enterprise-class features to keep your wallet secure. It is an HD wallet that offers an extensive backup option to protect private keys. In addition, the PIN code function allows you to lock important functions until you need them. If your device is lost, you can access your wallet from another device. When the app first opens you will have the option of a wallet. You can do this with your seed phrase

Pros
  • It is reliable
  • It is also very secure
Cons
  • It has no desktop version

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