Overview
Mycelium Wallet is a non-custodial, mobile-only cryptocurrency wallet that has been a trusted option for Bitcoin enthusiasts since its launch in 2008. Known for its advanced security features and Bitcoin-focused functionality, Mycelium caters to Bitcoin users who prioritize control and require robust tools for managing digital assets. While its primary focus is Bitcoin, Mycelium also supports ETH and “meaningful” ERC-20 tokens. Mycelium is available on iOS and Android.
Pros
– Provides unmatched tools for Bitcoin management, including coin control and customizable transaction fees.
– Seamlessly integrates with hardware wallets like Trezor and Ledger for offline security.
– Enables in-app trading and purchasing of cryptocurrencies.
– Unique Local Trader feature allows users to buy and sell Bitcoin directly with others.
– Open-source code is available for review, ensureing security and trustworthiness.
Cons
– Primarily focused on Bitcoin, with only basic support for Ethereum and ERC-20 tokens.
– No desktop or browser version
– The app’s interface feels dated compared to modern wallets like Exodus or Trust Wallet.
– No NFT support
– Tools like coin control and custom fees are better suited for experienced users.