TUTORIAL: Mobile Cryptocurrency Wallets

Updated: Sep 16, 2020

Mobile cryptocurrency wallets are one of the major gateways for retail users to enter the cryptocurrency space. Block Journal has compiled a list of our favorite mobile cryptocurrency wallets and some simple how-to’s so you can decide which mobile cryptocurrency wallet you want to try!


Keep in mind a mobile wallet will NEVER be as secure as a hardware wallet and we never recommend holding a large amount of funds on a mobile wallet. However, most mobile wallets are very secure to hold small amounts of cryptocurrencies and for everyday usage.


Trust Wallet

Website: trustwallet.com

Twitter: @TrustWalletApp




Trust Wallet is a secure mobile wallet app that allows you to send, receive and store a wide range of cryptocurrencies and one of our favorite cryptocurrency wallets. Trust Wallet is backed by the largest cryptocurrency exchange in the world Binance. The native token Trust Token (TWT) is used for governance and community building.


Device Support:

iOS + Android


Supported Cryptocurrencies:

  • Bitcoin (BTC)

  • Bitcoin Cash (BCH)

  • Cosmos (ATOM)

  • Ethereum (ETH) including all ERC20, ERC223, ERC721 Tokens

  • Binance (BNB) including BEP2 Tokens

  • Tron (TRX) including all TRC10 and TRC20 Tokens

Full list of supported cryptocurrencies.


Features:

  • Easily create multiple cryptocurrency wallets.

  • Decentralized. Download, install + setup Trust Wallet with a click of a button without any KYC registration.

  • Access to Binance DEX trading

  • Access to Token Swapping

  • Token Staking Support (TRX, ATOM, XTZ, ALGO, KAVA)

  • Buy cryptocurrencies with your credit/debit card directly from the application.

  • Native wallet token Trust Wallet Token (TWT): governance token, discounts on DEX services in-app, trading collectibles, affiliate + bounty rewards, dApp reviews + promotions, user reputation + more!


Advantages of Trust Wallet:

  • Well designed, simple + easy to use.

  • Available for iOS + Android

  • Support for a variety of major cryptocurrency tokens.

  • Staking support on the platform

  • Token swapping on the platform

  • Native token (TWT) for governance + community building


Trust Wallet Quick Tutorial:

Creating A Wallet:

  1. Launch Trust Wallet

  2. Accept Terms & Continue

  3. Save Your 12 Recovery Phrases TIP: THESE ARE YOUR KEYS TO YOUR CRYPTOCURRENCY WALLET. KEEP THEM IN A SAFE & SECURE PLACE. NEVER SHARE THESE KEYS WITH ANYONE!

  4. Verify Your 12 Recovery Phrases

  5. You have created your Trust Wallet! TIP: YOU CAN CREATE MULTIPLE WALLETS IN 'SETTINGS' AND FOLLOWING THE STEPS ABOVE!


Trading On Binance DEX:

You can transfer your Binance (BNB) tokens into your Trust Wallet and immediately access all the BNB trading pairs on the Binance Decentralized Exchange in the DEX tab of your mobile wallet. All transactions are done through the app, and tokens are immediately stored into your Trust Wallet upon completion of a trade.


Receiving/Sending Tokens:

Receiving and Sending tokens on the platform is pretty straight-forward, however, you have to remember that when dealing with ERC-20 tokens, you have to have enough Ethereum (ETH) in your wallet to pay for the transaction fees of sending ERC-20 tokens.

Exodus Wallet

Website: exodus.io

Twitter: @Exodus_io




Exodus Wallet is a cryptocurrency wallet application that is made for beginners. It is one of the easiest-to-use software wallets that are available. Exodus is a software wallet that was written and designed by a team with experience working for huge corporations like Apple, BMW, and Nike. The application was designed to be user-friendly, sleek, and modern from the get-go.


Device Support:

Desktop App + iOS + Android


Supported Cryptocurrencies:

  • Bitcoin (BTC)

  • Bitcoin Cash (BCH)

  • Cosmos (ATOM)

  • Ethereum (ETH) including all ERC20, ERC223, ERC721 Tokens

  • Binance (BNB) including BEP2 Tokens

  • Tron (TRX) including all TRC10 and TRC20 Tokens

  • Most major cryptocurrency tokens.

Full list of supported cryptocurrencies.


Features:

  • Easily create multiple cryptocurrency wallets.

  • Decentralized. Download, install + setup Exodus Wallet with a click of a button without any KYC registration.

  • Access to Token Swapping

  • Access to Token staking

  • 24/7 Human Support

  • Advanced Security

  • Trezor connection support

  • dApp support

  • Desktop Application

  • Buy cryptocurrencies with your credit/debit card directly from the application.

Advantages of Exodus Wallet:

  • Well designed, simple + easy to use UI.

  • Available for Desktop + iOS + Android

  • Support for a variety of major cryptocurrency tokens.

  • Staking support on the platform

  • Token swapping on the platform.

  • 24/7 Human Support


Exodus Wallet Quick Tutorial:

Swapping Tokens with Instant Exchange Feature:


  1. Head to 'Instant Exchange' tab.

  2. Select Token You Would Like To Exchange (BTC in example above)

  3. Select Token You Would Like To Receive (ETH in example above)

  4. Verify the transaction.

  5. Press 'EXCHANGE' and you're done! NOTICE: THIS FEATURE IS NOT AVAILABLE IN ALL LOCALES.


Receiving/Sending Tokens:

Receiving and Sending tokens on the platform is pretty straight-forward, however, you have to remember that when dealing with ERC-20 tokens, you have to have enough Ethereum (ETH) in your wallet to pay for the transaction fees of sending ERC-20 tokens.

Enjin

Website: enjin.io

Twitter: @Enjin



Enjin Wallet is a secure and easy-to-use mobile cryptocurrency wallet. It is extremely easy to use for beginners in the cryptocurrency space. The application is feature-packed as well as extremely secure with their two-layer security encryption as well as a built-in custom, secure keyboard. Enjin wallet is deeply involved in the gaming industry, with a gaming community of 2 million+ users. The Enjin ecosystem is powered and backed by their native cryptocurrency token Enjin (ENJ).


Device Support:

iOS + Android


Supported Cryptocurrencies:

  • Bitcoin (BTC)

  • Ethereum (ETH) including all ERC20, ERC223, ERC721, ERC1155 Tokens

  • Binance (BNB) including BEP2 Tokens

  • Litecoin (LTC)

  • Most major cryptocurrency tokens.

Full l