Cryptocurrency enthusiasts know that it is very important to keep crypto assets far from exchanges unless they are traders. During the last year, the crypto world experienced very harmful hacks that hurt the whole community.
But there are better options to store virtual currencies, for example, a multi-asset wallet to control the portfolio and know that the funds are secure. But selecting a secure and functional wallet is not an easy task.
There are some important platforms that can be downloaded from the Google Play Store and are used the most by Android users.
The first one is Coinbase. This important wallet and crypto platform allows users to store and exchange different assets, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).
It is a secure platform and wallet because it has not experienced any important hack or major attack, which is quite important. But the private keys are not held by the user, but instead, they are held by a third party.
It has different security layers, including two factor authentication, multisig wallets, and the funds are held in cold storage wallets. On Android, this application has been downloaded more than 5 million times.
Blockchain.info is the second most important crypto wallet available for Android users. Released in 2013, the Blockchain.info wallet allows users to store Bitcoin, Ethereum and Bitcoin Cash. At the same time, it has a built-in exchange that has been enabled by ShapeShift.
The application has more than 1 million installs and it is available in 37 different languages to include as many users as possible. Blockchain.info stores the user’s private keys and guarantees security with 2FA and multisig wallets.
Another known wallet is the so called Freewallet that is not only available for Android devices but also for iOS’ users. It has a wide range of cryptocurrencies supported, including: BTC, ETH, BCH, LTC, XMR, ARDR, BCN, BNT, BTG, DASH, DCT, DOGE, EOS, FCN, GUP, IGNIS, LSK, NEO, NXT, PTOY, USDT, XDN, ZEM, XMO, ZEC.
As in the other wallets mentioned before, the private keys are held by a third party. It is available in 16 different languages and it has more than a million downloads in Android devices.
It is important to mention that the wallet offers different security layers for cryptocurrency users, including 2FA, transaction confirmation by email, and transaction limit control.
Coinomi is the fourth most downloaded Android wallet with more than 500,000 downloads. It is available in more than 25 languages from different countries and has a built-in exchange that is enabled by ShapeShift and Changelly.
This wallet has support for more than 150 different coins and tokens, which is quite impressive. Additionally, the private keys are held by the owner, something that is worth to mention.
The next wallet is called Jaxx and has been released to the market four years ago, in 2014. It has 69 coins and tokens supported, a good number compared to other wallets. Moreover, the keys are held by the owner.
It has also an exchange that has been enabled by ShapeShift and has more than 500,000 downloads. The wallet has been by Ethereum’s co-founder, Anthony Di Iorio. It is a good wallet for those individuals and investors that have a wide variety of ICO tokens.
Finally, we have the BRD wallet, released in 2016. One of the main features of this wallet is that it supports Bitcoin, Ethereum, Bitcoin Cash and more than 100 ERC-20 tokens! Yes, that’s very promising if the ICO market keeps growing. Users are able to store their coins safely in this wallet without having to use different platforms.
As the private keys are held by the users, it does not have any additional security features implemented. BRD allows its customers to purchase Bitcoin via bank account transfers. If this was not enough, the company decided to launch its own BRD token. The application has been downloaded from the Google Play Store more than 100,000 times.