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Mycelium - Best free mobile-only wallet

Emily Jones
Emily Jones
October 31, 2021
1 min


Why Mycelium: We feature Mycelium as the best mobile-only Bitcoin wallet because of its ease of use and customizability.

Mycelium Wallet Overview

Mycelium is one of the oldest and most reputable Bitcoin wallets around. It is a mobile-only Bitcoin wallet available for both android and iOS devices. It is built on an open-sourced technology, it is PIN-secured and encrypts your Bitcoin private keys before storing them at the root storage of your device. Importantly, Mycelium is compatible with multiple hardware wallets, making it possible for you to hold your Bitcoins in an offline environment.


  • Mycelium features an inbuilt exchange that you can use to buy, sell, and swap Bitcoins with other supported cryptocurrencies.
  • The wallet lets you customize such features as the transaction fees.
  • Features rather advanced security features than most hot wallets.


  • The feature-rich Mycelium user interface can overwhelm most novice Bitcoin traders/investors.
  • It is only available on mobile.
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Emily Jones

Emily Jones

Senior Researcher

Emily bought her first Bitcoin in 2011 and hasn't looked back yet. Emily leads the Evening Star crypto research team and has a wealth of knowledge about Bitcoin and the up-and-coming altcoins dominating the market.
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