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Coinbase Bitcoin Wallet vs Mycelium Bitcoin Wallet

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When comparing Coinbase Bitcoin Wallet vs Mycelium Bitcoin Wallet, the Slant community recommends Coinbase Bitcoin Wallet for most people. In the question“What are the best Bitcoin wallets for Android? ” Coinbase Bitcoin Wallet is ranked 2nd while Mycelium Bitcoin Wallet is ranked 4th. The most important reason people chose Coinbase Bitcoin Wallet is:

If security is one of your top priorities, Coinbase takes a unique approach at protecting users by storing most information offline.

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Common Questions

What are the best Bitcoin wallets for Android?

Pros

Pro
Stores 85% of users' funds offline

If security is one of your top priorities, Coinbase takes a unique approach at protecting users by storing most information offline.

Pro
Converts Bitcoin to USD

By integrating a US bank account, Bitcoin can be converted to USD using ACH.

Pro
Web and mobile

You can open your bitcoin wallet and fully manage it on both web and mobile, and access your bitcoin any time.

Pro
Bitcoin can be transfered through email

Allows avoiding using Bitcoin addresses by transferring funds through email instead.

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).

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Cons

Con
You don't own your Bitcoins

If they don't like you (KYC/AML) they can lock you out. This is the antithesis of what Bitcoin is able to provide. If you own the private keys, you own the Bitcoins, on Coinbase you don't.