Review on Mycelium Wallet by Aman Arora
Mycelium wallet is one wallet for all your needs from buying to storing in hot and cold storage
Mycelium wallet is one of the advanced wallet used for multi purpose specially for storing bitcoins in hot as well as on cold storage. Mycelium wallet is one of the advanced versions of way wallets are used. Wallet integrated with more features than users usually look to while they opt for choosing a wallet that can securely store their assets. Mycellium wallet not only work as a hot storage but also users can easily connect hardware wallets to transfer Bitcoin from wallet and store them with the help of easily connected hardware wallet like trezor and keepkey.
Mycellium features with partners to easily accept payments for sports betting casinos and various partners to easily gain one click access. Fio protocol let you receive btc with Alias to make it easy to receive payments from other users and networks. Wallet is available for both Android and iOS wallets.
Users who want to gain access to wallets which are encrypted and non custodial which offers buying and selling Bitcoin at one place then one must try Mycelium. Mycelium not only exchange and swap btc to other coins but it also has p2p market place based on your location which is easily accessed through turning gps location. Users can easily access the use of escrow services from wallet and also can post Ads for the price you want for your assets.
One must not forget to backup wallet as registration is done without backing up your wallet. You can start using the wallet immediately by using buy/sell crypto feature and buy Bitcoin with Credit/debit card SEPA and as I mentioned earlier with p2p Feature known as Mycelium Marketplace. Mycelium has also partnered with Bequant to offer demo trading account which can be used to trade morr 25 coins to get use to trading Marketolace. All in All Mycelium wallet is a complete package for Crypto enthusiast and I never felt a need to use any exchange or marketplace to exchange buy and store and withdraw crypto currencies.
Pros
- Mycelium wallet is most Advance and secured feature of storing and making secure payments
- Cold storage for offline storage of Bitcoin and use multi features from buying to making secured payments to partners
- Easy to swap coins within wallet and use of fio protocol to receive payments with Alias from various networks
Cons
- Mycelium is advance wallet and may be difficult to use for new users
