TUTORIAL: Mobile Cryptocurrency Wallets

Updated: Sep 16

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 list of supported cryptocurrencies.


Features:

  • Easily create multiple cryptocurrency wallets.

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

  • Enjin Secure Keyboard

  • Two-layer Security Encryption

  • ENJ native token: can be used to buy/trade virtual goods and digital assets on the Enjin platform

  • Create your own crypto-collectibles on the Enjin Network: mint.enjin.io


Advantages of Enjin Wallet:

  • Well designed, simple + easy to use UI.

  • Available for iOS + Android

  • Support for a variety of major cryptocurrency tokens.

  • Very secure


Enjin Wallet Quick Tutorial:

Creating A Wallet:

  1. Launch Enjin Wallet

  2. Select the tokens you want to hold in your wallet.

  3. Press 'Create Wallet'

  4. Press 'Backup' Wallet.

  5. 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!

  6. Verify Your 12 Recovery Phrases

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

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.

TronLink

Website: tronlink.org

Twitter: @TronLinkWallet



The TronLink Wallet was developed by the TRON Community and was released in Q1 of 2019. It is the first official TRON Wallet that is backed by the TRON Foundation and promoted by the TRON founder Justin Sun. The wallet provides users with access to the TRON Ecosystem as well as support for many major cryptocurrencies.


Device Support:

iOS + Android + Google Chrome Extension


Supported Cryptocurrencies:

  • TRON (TRX) including all TRC10 and TRC20 Tokens

  • Bitcoin (BTC)

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

  • Most major cryptocurrency tokens.


Features:

  • Easily create multiple cryptocurrency wallets.

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

  • Access to TRON dApp ecosystem

  • Voting on decisions and freezing TRON on the TRON network.


Advantages of TronLink Wallet:

  • Well designed, simple + easy to use UI.

  • Available for iOS + Android

  • Support for all TRON-based TRC10 & TRC20 Tokens.

  • Numerous functions specially tailored for the TRON network.

  • Ideal for TRON enthusiasts.

TronLink Wallet Quick Tutorial:

Accessing dApp Through Browser:

  1. Launch TronLink Wallet

  2. Make sure there is some TRON in your wallet to access dApps.

  3. Head to 'Browser' tab. IN THIS TUTORIAL, WE WILL BE ACCESSING WINK CRYPTOCURRENCY CASINO BUILT ON THE TRON NETWORK.

  4. Enter link for wink.org in 'Browser.

  5. Connect your TronLink wallet to the dApp through the 'Sign In With TronLink' tab.

  6. Your Wallet Address Should Show In The Navigation Bar.

  7. You have no connected your TronLink wallet to Wink.org and have access to all your funds to interact with the dApp.

Full list of TRON dApps.


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.

Bread

Website: brd.com

Twitter: @BRDHQ




Bread Wallet is a relatively secure a beginner-friendly mobile hot wallet that can fulfill the needs of most beginners cryptocurrency users who would like to interact with their tokens through their mobile devices. Bread Wallet has it's own native token Bread Token (BRD) that powers the Bread ecosystem and rewards loyal users of the application.

Device Support:

iOS + Android


Supported Cryptocurrencies:

  • Bitcoin (BTC)

  • Bitcoin Cash (BCH)

  • Ethereum (ETH) including most ERC20 Tokens


Features:

  • Easily create multiple cryptocurrency wallets.

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

  • Open-source

  • Simplified Payment Verification (SPV): Platform can connect to the Bitcoin network directly and make transactions without the intrusions of third parties.

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


Advantages of Bread Wallet:

  • Well designed, simple + easy to use UI.

  • Available for iOS + Android

  • Support for a majority of cryptocurrency tokens.


Bread Wallet Quick Tutorial:

Trading On Bread Wallet:

  1. Launch Bread Wallet

  2. Tap on 'Trade' tab at the bottom of the mobile application.

  3. Select Token You Would Like To Exchange

  4. Select Token You Would Like To Receive

  5. Verify The Transaction.

  6. Tap 'Next' to Confirm Your 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.

Swipe

Website: swipe.io

Twitter: @SwipeWallet



Swipe Wallet is one of the most innovative mobile wallets in the cryptocurrency space right now. In some locales, the wallet application supports deposits directly from your bank account. You can also use the wallet applications to pay for things using your cryptocurrency tokens at millions of merchants around the world. The Swipe Wallet is powered by their native token Swipe Token (SXP) for transaction and network fees, as well as discounts and rewards for holders.

Device Support:

iOS + Android


Supported Cryptocurrencies:

  • Bitcoin (BTC)

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

  • Binance (BNB) including BEP2 Tokens

  • Litecoin (LTC)

  • Other major cryptocurrency tokens.

Full list of supported cryptocurrencies.


Features:

  • Easily create multiple cryptocurrency wallets.

  • Easy setup

  • Buy & Sell cryptocurrency with a linked debit card, credit card or bank account, as well as Apple Pay! (Upon Verification)

  • Exchange tokens directly on the platform with instant settlement

  • Funds are insured ($100m Insurance)

  • Get user benefits + cash-back deals by holding SXP and using Swipe Crypto Debit Card.


Advantages of Swipe Wallet:

  • Well designed, simple + easy to use UI.

  • Available for iOS + Android

  • Support for a majority of cryptocurrency tokens.

  • 24 Hour Human Support

  • Swipe Debit Card Support (some countries restricted)


Swipe Wallet Quick Tutorial:

Trading On Swipe Wallet:

  1. Launch Swipe Wallet

  2. Tap on 'Exchange' tab at the bottom of the mobile application.

  3. Select Token You Would Like To Exchange

  4. Select Token You Would Like To Receive

  5. Verify The Transaction.

  6. Check Verification Box

  7. Tap 'Confirm' to Confirm Your Trade.

  8. Transaction Successful!


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.

These are some of our favorite FREE mobile cryptocurrency wallets. Let us know in the comments which one is your favorite or if we missed any that you'd like us to review!


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DISCLAIMER: Keep in mind, mobile cryptocurrency hot wallets are NEVER as secure as a hard wallet. Mobile wallets are the best for beginners, and casual cryptocurrency users, and we suggest to NEVER hold a large amount of funds on a mobile cryptocurrency wallet.


The opinions in this article are the opinions of the Block Journal team and should not be taken as financial investment advice.

©2020 by Block Journal