Mycelium for Android
Mycelium Bitcoin Wallet is an open source wallet for
Android designed for security, speed, and ease of use. It has unique features
to manage your keys and for cold storage that help you secure your bitcoins.Control over your money:-
This wallet gives you full control over your bitcoins.
This means no third party can freeze or lose your funds. You are however still
responsible for securing and backing up your wallet.
Centralized:-
This wallet relies on a centralized service by default.
This means a third party must be trusted to not hide or simulate payments.
Good transparency:-
The developers of this wallet publish the source code
for the client. This means any developer in the world can audit the code.
However, you still need to trust developers of this wallet when installing or
updating the final software because it was not built deterministically like
Bitcoin Core.
Secure environment:-
This wallet is loaded on mobiles where apps are usually
isolated. This provides a good protection against malware, although mobiles are
usually easier to steal or lose. Encrypting your mobile and backing up your
wallet can reduce that risk.
Weak privacy:-
Allows spying on your payments:
This wallet makes it easy for anyone to spy on your
balance and payments because it reuses the same addresses.
Discloses information to a third party:
This wallet uses central servers which are able to
associate your payments together and log your IP address.
Tor can be used:
This wallet lets you setup and use Tor as a proxy to
prevent attackers or Internet service providers from associating your payments
with your IP address.
