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Review on Mycelium Wallet by Arun Kaul
Mobile Bitcoin Wallet - Mycelium Wallet
If you’re someone looking for a mobile Bitcoin wallet, then the Mycelium wallet could be an excellent option for you. The wallet has an excellent track record and is loved and used by many. As well, it is packed with sophisticated features that are far more advanced than standard crypto wallets, and they bring a whole new level of experience to the user.
One downside to the Mycelium wallet is the potential security threat of it being a software wallet that’s connected to the internet. Therefore, it is susceptible to malware and hacking attempts.
Users must use the wallet with precautionary measures and caution to ensure the security of their funds. However, a unique feature increasing the security aspect of Mycelium is their integrated support of various hardware wallets to secure the Mycelium wallet services.
The Mycelium Bitcoin wallet takes their clients privacy very seriously. They do not collect any important personal information and the user can stay anonymous. Even the Mycelium Local Trader Marketplace maintains complete user privacy by using your Bitcoin private key for registration and authentication. The only information the Mycelium servers obtain is your Bitcoin address, nickname, entered location, sell orders, and trade history.
All in all, the Mycelium wallet is one to consider when choosing a mobile software wallet for Bitcoin.
Pros
- Mycelium is the best and secure mobile wallet for bitcoin.
- Mycelium has diverse range of Features. Addressbook helps to send btc easily.
- Mycelium supports Trezor, Ledger and Keepkey hardware wallet. which improves the security of funds.
- Mycelium provides swap feature, by this feature you can transfer your funds from paper wallet to Mycelium.
Cons
- As mycelium is Hot mobile wallet so it is not as secure as hardware wallet.
- Mycelium wallet only supports Bitcoin cryptocurrency.
- Mycelium Interference is quite difficult for new user.
