Mobile devices tend to get lost or break down. And if the device goes missing, so does the private key.

When downloading an Android wallet for Bitcoin this means that the private key will be stored on your mobile device. On the downside, mobile wallets are the least secure form of Bitcoin wallets.

They allows you a very fast and convenient way to access your coins, since most people carry their mobile device with them anyway. When it comes to comfort, nothing beats mobile wallets. There are many types of wallets to choose from, with the key criteria for comparison being comfort vs. a wallet that doesn’t give you access to its private keys). Regardless to where you buy your Bitcoin, the recommended practice is always to move the coins to your own wallet and not keep them on an exchange or any non-custodial wallet (i.e. Here’s what I’ll go over in this post:īefore going any further, make sure you familiarize yourself with the basics of Bitcoin wallets through this video: If you want a more detailed review of the different wallets keep on reading.

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