Mycelium

Growing from the dawn of the blockchain era. Acknowledged to be the best not the fanciest. Being adapted for use by the masses.

Our wallet review process

We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.

Disclaimer

Our Analysis is not a full code review! We plan to make code reviews available in the future but even then it will never be a stamp of approval but rather a list of incidents and questionable coding practice. Nasa sends probes to space that crash due to software bugs despite a huge budget and stringent scrutiny.

Do your own research

In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.

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Be Among Smart 8%

Only about 8% of bitcoin owners are estimated to keep their coins in complete safety and privacy. There are hundreds of bitcoin wallet apps. Most wallets are custodial, therefore — not secure, not private, and not independent.

Mycelium wallet is non-custodial, it may still not be secure. Only reproducible wallets are completely secure. Mycelium is among them. Mycelium is the most popular among them.

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Self-custody

Made Perfect

ethereum

Ethereum

ETH and meaningful ERC-20 tokens

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Onramp & grow

In-app exchange and trading

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Knowledge base

In-app educational materials

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Inter-wallet Operability

FIO Network

bitcoin

Bitcoincore.org

Advanced cold storage, saving and spending accounts

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100% Secure

Reproducible wallet, open-source, incognito use, untraceable

Newbies, Pay
Attention!

How to make your funds secure?

Make a backup by following the instructions in the app.

What if you lose your phone?

No problem. It takes one minute to restore your accountsfrom your backup.

What if you lose your backup?

You lose your money.

What's the point of putting up with such inconveniences?

Because bitcoins are better than money in a bank. WithMycelium Wallet, you avoid banking nonsense. Paymentscan not be reverted, suspended, or declined. Accounts cannot be blocked. No cross-border control and fees. Storageis secure and free. No subscription fees of any kind. Nopayment limits; no maximum daily or monthly amounts.

How much do payments cost?

There is no one to address your complains to. Myceliumdoes not touch your money. It is only a relay between youand the Bitcoin network. There can be no fundamentalBitcoin failures, but things can slow down, and your walletmay be out of sync for a while. On the other hand,custodial wallets (those that explicitly stand between youand your money) do not solve the problem entirely anyway.But you still pay for an illusion of smoothness with the fullphysical control of your funds given out to some randompeople.

One more piece of advice: NEVER store your bitcoins on theexchanges.

If you use centralized exchanges to buy bitcoins, withdrawyour assets as soon as you bought them. You do notcontrol your coins there. Bitcoins are like physical coins.That's why crypto-exchanges are vulnerable to outrightrobbery. And that is YOUR problem. The relevant regulationis inadequate. In case of a hack, no reimbursement offunds is guaranteed to you. Take a look at thecomprehensive historical list of cryptocurrency exchangehacks here.

BTC Transactions Management

HD spending accounts and Single Address saving accounts

SegWit: native (Bech32) and P2SH compatible

FIO Network features

Handy address book

An extended selection of exchange rate sources

Convenient cryptocurrency and fiat currenciesdenomination

BIP-70 support (payment requests, execution of externalpayment requests)

Indication of unspent outputs for each bitcoin account

Advanced transaction history: complete transactionsdetails (block height, number of confirmations,inputs/outputs, miner fee, timestamp, incoming/outgoingtx indication, tx hash), custom text labels, exchange rates(corresponding to selected fiat currency), tx historyexport to CSV files

Several blockchain explorer options

Option to display derivation address path for BIP44 HDaccounts

Bump-fee option (child-pays-for-parents algorithm)

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Mycelium's Ultimate Security

The app is reproducible — no fatal dependence on thedevelopment team

No ID required; no disclosure of any other identifiers; noother data collection procedures

Hardware wallets support (Trezor, Ledger, KeepKey)

Cold storage: paper wallets / watch-only accounts

Separate backup system for Single Address accounts

Several levels of pin protection

Pattern sniffing protection: variable keyboard layouts

TOR network support to mask IP address and location

All third-party services can be manually turned off

Direct download (APK file) is available

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About Us

Mycelium started as a team of hardware engineers in 2008 with amesh networking project. With the emerge of Bitcoin, Myceliumnaturally leaned towards the new promising technology. To date,Mycelium has developed and launched three successful productsin the bitcoin field: Wallet, Entropy, and Gear.

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Mycelium is one of the oldest of the currently popular bitcoin wallets. Over the years of its development, it has absorbed all the best that was invented in the rapidly growing community of hardcore bitcoiners.

Contact

To create a support ticket, please write to [email protected].

We do not use social networks as a matter of principle. Any accounts on Facebook, Twitter, Instagram, Tik-Tok, Bitcointalk, Reddit, etc. that claim to represent Mycelium or to be related to Mycelium in any way — all belong to scammers!