When comparing Mycelium Bitcoin Wallet vs BlockChain Bitcoin Wallet, the Slant community recommends BlockChain Bitcoin Wallet for most people. In the question“What are the best Bitcoin wallets for Android? ” BlockChain Bitcoin Wallet is ranked 3rd while Mycelium Bitcoin Wallet is ranked 4th.
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Pros
Pro Allows watch-only addresses
Monitor how much funds other accounts have, even if you aren't planning on spending anything.
Pro GPS-assisted local Bitcoin trading.
See who wants to buy or sell Bitcoin in your area, view their reputation score, and view their asking price.
Pro A variety of exchange rates
Use Bitstamp, Coinbase, Kraken, BTC-e, BTC China, BitcoinAverage, or modify by percentage points (one hundredth of a percent).
Pro exchange value without intermediaries
Pro Supports P2P transactions
If the centralized server goes offline the app will still allow making offline purchase via peer-to-peer connection.
Pro Allows automatically backing up the wallet to a computer
Can be set up to manually as well as automatically backup the wallet to a computer.
Pro Open source
Pro Can import and export private key
Cons
Con Mandatory transaction fee
The transaction fee is .0001 BTC or 6 cents.