Review on Mycelium Wallet by Danh Huỳnh Ngọc Công
Mycelium Wallet is what you need, Bitcoin lover!
Mycelium Wallet is a Bitcoin wallet dedicated to Bitcoin lovers. It offers many useful features to help transaction become secure and fast. In my opinion, what its developers should consider is that they need to do some update on its design to make the product attractive to the users. Also, the language they use on the wallet should be as simple as possible so everyone can use it easily
Pros
- - Creating an address on Mycelium Wallet is so fast and easy. It take only a few seconds to get one or restore an old one.
- - Users may find no difficulties using it. Sending and receiving cryptocurrencies will be so simple for everyone
- - It is an open-sourced wallet so everything about it is transparent and the community can develop around its source code
- - They private key of the addresses in this exchange are all controlled by the users. The wallet provider does not have any chances to access it.
- - The wallet is super lite for your phone. It is only about 9.9 MB and takes like 60 seconds to install (If you have a strong internet connection). It is suitable for almost all the smartphones in the world
- - It let users turn on HD mode for addresses so their privacy on the net work will be protected
- - With local traders mode, users can trade Bitcoin freely with the people around them. The wallet will suggest some suitable rates for users in advance
- - With the integration of a swap exchange, user can exchange the cryptocurrencies they are holding for anther coins/tokens without switching to another application
- - It also let you swiftly exchange many cryptocurrencies for Bitcoin helping you save your precious time
- - Transactions can be processed pretty fast with their super nodes. Users will me immune to the congestion of the network
- - It can be accessed with hardware wallet such as Ledger, Keepkey or Trezor. Transferring money with these wallet will be so secure
- - Users can buy Bitcoin using your fiat directly via your bank account thanks to their partnership with some payment companies
- - The wallet supports users to use different explorer and check the transaction status
- - Addresses and QR codes can be switched as the desire of the users. There are three types of addesses: Segwit compatible, Segwit native, and Legacy
- - Their customer support can be reached via email. The team is quite responsive to the questions of the community
Cons
- - The interface is not so well-designed and can be adjusted so that it will give better impressions to the users
- - Although it offers many useful features, they are not explained in a comprehensive way but they are so technically difficult for someone who does not have deep knowledge on Bitcoin like me. I think they should do something to educate users about the wonderful things on their wallet
- - Buttons for additional features looks like they are they are advertisement to generate revenue for the wallet
