Denys Serhiichuk

7 Best Cryptocurrency Mobile Wallets 2019 for Android and iOS

💳💻📱There are dozens of ways to store cryptocurrency, including online, hardware, and paper wallets🔐
7 Best Cryptocurrency Mobile Wallets 2019 for Android and iOS
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Cryptocurrencies are quickly gaining popularity, and more often you can hear about them among ordinary people. More and more companies are starting to accept payments in Bitcoin and other popular coins as users have a need for easy and convenient access to digital assets.

It is not surprising that mobile wallets are becoming increasingly popular: unlike hardware wallets, which require a computer to connect to, users of mobile wallets can access digital assets from anywhere and anytime.

Their main feature is the convenience of use as you check the balance in the account or transfer money.

Most developers are trying to release versions of their products for all possible mobile operating systems in order to maximize the potential audience. Almost all wallets on the market support at least iOS and Android.

Unfortunately, mobile crypto wallets are not very secure, and therefore are hardly suitable for storing large amounts. But there is nothing better than making quick deals. In any case, the choice of a mobile wallet must be approached seriously. Use of cryptocurrencies

Mobile wallets differ in:

  • Security

  • Type of supported coins

  • Additional features

We chose 7 of the most-used mobile crypto apps for iOS and Android and prepared their comparative analysis.

Jaxx

Jaxx has become very popular due to its speed, features set and ease of use. One can send or receive cryptocurrency simply by pressing one of the two buttons on the screen: “Send” and “Receive”.

Another feature of Jaxx is the possibility to set the speed of processing transactions by changing the size of the commission, which allows users to set the priority for certain transactions. Also, the application supports dozens of coins, including Bitcoin, Ethereum, Dash, Litecoin, and tokens, such as QTUM, EOS, TenX and lots of others.

Unlike its competitors, Jaxx does not focus on security but still has a minimum set of protection measures in its arsenal. During registration, users do not need to proceed through KYC, and private keys are not stored on the company's servers. However, the wallet does not support some standard security options, such as 2FA. In any case, Jaxx is an ideal mobile app for users searching for a fast and easy way to store cryptocurrencies on mobile phones.

Blockchain

Blockchain mobile wallet interface

Blockchain is one of the most well-known cryptocurrency wallets for Bitcoin. However, it also works with Ethereum, Bitcoin Cash and Stellar. This is a very reliable and proven service, which in 2017 attracted 40 million US dollars of investments. Unfortunately, Blockchain does not have a high transaction processing rate and periodically gives small failures.

Protection methods:

  • 2FA

  • Secure password

  • Seed key

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Coinbase

Coinbase is also a very popular crypto wallet. It is very fast, simple and easy to use. Coinbase supports 5 digital assets: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. With this service, not only can you store money but also trade. A special feature is regular payments that will help you plan any purchase and sale of cryptocurrencies, as well as set up future transfers.

Protection methods:

  • 2FA

  • Secure password

  • Seed key

Coinomi

Coinomi mobile app interface

Coinomi is another popular choice of Android and iOS users. It is a great fusion of security and support for various digital assets. The wallet also provides the chance to almost instantly exchange coins thanks to the partnership with the ShapeShift service, which is known for its user-friendly interface and transaction speed.

After the registration process, the application generates a special lead, which can be used to restore the wallet if you lose a mobile device. Moreover, to enter the wallet you need the correct password. Coinomi developers emphasize that they do not save private keys on their servers. Instead, they are stored on the user's device, so hacking into the company's servers will not lead to theft of funds. The wallet does not share data about the actions of users with law enforcement agencies and governments: even IP addresses of clients are anonymized.

This wallet operates with a lot of different coins. Bitcoin, Ethereum, Litecoin, and Dash are among the most popular. Stablecoin Tether and popular tokens of the ERC-20 standard are also available. For depositing funds to Coinomi, you must specify the address of the wallet when transferring from an exchange. You can replenish the wallet through Bitcoin ATM. Payments are carried out quickly and easily – you should select the cryptocurrency for payment, enter the recipient's address and the number of tokens, and click the “Send” button.

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GreenAddress

GreenAddress is another cryptocurrency wallet that works only with Bitcoin. The project creator provided GreenAddress with several important functions. Among them: the use of multi-signatures for each transaction, the ability to set a limit on the number of transactions, sending currency to friends on Facebook and Twitter as well as to emails and phone numbers.

Protection methods:

  • 2FA

  • Secure password

Mycelium

Mycelium app interface

It is a mobile Bitcoin wallet for Android and iOS users. Mycelium is characterized by a fairly simple and clean design, which is easy to understand.

The main advantages of the Mycelium Wallet include:

  • Simplicity and convenience

  • Generation of QR-code for payments

  • Backup data

  • Multi-currency balance display

  • Good integration of social networks

  • Formation of the address book with cryptocurrency addresses

The main focus of Mycelium is on security and usability, but there are also some other useful options:

  • The possibility of  “cold storage” directly from the mobile application. You can send your coins to a cold wallet, which allows providing a higher degree of security

  • Search seller. The application has a search function for the nearest fair Bitcoin seller, which makes transactions more secure

  • Multi-currency mapping. Even if your account is created for Bitcoin use, you can see the amount in other currencies

Thus, Mycelium Wallet has a competitive position in the segment of mobile applications.

Cryptopay

Cryptopay is a unique British project designed to promote cryptocurrency. To do this, the creators of the wallet issued a debit card, which can be ordered and tied to your crypto wallet. One can use it to pay for purchases in cafes and shops. It is also possible to activate a virtual card for payments on the Internet.

Protection methods:

  • 2FA

  • Secure password

  • Seed key

Mobile wallets are the most convenient ways to store your crypto, but they are also less reliable, which is indicated by disappointing statistics on their hacking. Before choosing a cryptocurrency mobile wallet, one needs to take into account the OS it supports, level of security as well as supported coins. And keep in mind not to hold all your assets in one place.

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Alex Morris

Zcash Price Prediction — How Much Will ZEC Cost in 2019-20-25?

💣💥In this article, U.Today takes a closer look at one of the best-known privacy coins on the cryptocurrency market that was once embraced by no other but Edward Snowden
Zcash Price Prediction — How Much Will ZEC Cost in 2019-20-25?
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Zcash is a privacy-centered cryptocurrency that allows performing anonymous transactions while using a public Blockchain. The coin uses zero-knowledge cryptography, where something can be verified without revealing any additional details. The project’s roots lie in Zerocoin, the project that was developed by cryptographer Matthew Green, but the two projects currently have very little in common (as stated by Green himself).

Alt: Zcash founder Zooko Wilcox
As reported earlier by U.Today, Zcash Company has been recently renamed to Electric Coin Company, but the 30-strong team will continue to work on the project.

Private transactions

The privacy-centric cryptocurrency Zcash has one famous fan – whistleblower Edward Snowden. In 2017, he called ZEC ‘the best alternative to Bitcoin’. The Zcash network has two types of addresses: transparent and shielded (t- and z-addresses respectively). The latter type of addresses is not visible on Blockchain. However, there the network also has some pain points that should be taken into account:

  • Z-transactions require a lot of computational power, which takes a toll on their adoption.

  • Centralization concerns (Zcash is not fully decentralized since the team behind the coin holds 10 percent of its total supply).

  • Limited storage options (there are no mobile wallets that support Zcash).

Facing major competitors

Zcash remains the second biggest privacy coin after Monero, but this niche of the cryptocurrency industry is getting more and more crowded. As reported by U.Today, Litecoin is mulling over adding Confidential Transactions (CFs) as early as in 2019, which would make the coin an anonymous version of Bitcoin. Moreover, Beam and Grin, two brand-new anonymous cryptocurrencies that are based on the ‘tongue-tying’ Mimblewimble algorithm, also appeared on the market in 2019.
Alt: Beam and Grin - new privacy-centered coins
However, Electric Coin Company CEO Zooko Wilcox believes that these new coins will not be able to compete with Zcash.

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Regulators fear it

2018 was the year of a regulatory crackdown on cryptocurrencies since governments around the globe want to prevent money laundering and other types of illicit activities.

Zcash has already been embraced by numerous cryptocurrency exchanges, including Coinbase, but the problem is that its complete anonymity opens the doors to scammers and even terrorists. The network allows disabling the privacy feature, so the asset will continue gaining listings on other exchanges.

On the flip side, it is worth noting that privacy coins are serving as powerful tools that protect their users from identity theft and other types of crimes.

Zcash price history  

The price of ZEC has declined 98.82 percent since its very first exchange listing when the coin started trading at $4,293.
Alt: Zcash price peak

Back in January, Zcash reached its new peak of $876, but it fell quickly when the broader cryptocurrency market took a hammering.       
On Dec. 06, ZEC finally got listed on Coinbase, the biggest cryptocurrency exchange in the US. At the time of writing this article, Zcash is trading at $50.82.

Considering the technology behind Zcash (zk-SNARKs), some might find it surprising that the coin is still not in the top 10. However, the coin has very little real-world adoption compared to its competitors.  

Price pump after halving

Notably, Zcash has the same supply curve as Bitcoin, which means that the asset is becoming more and more scarce. The Zcash community currently has two high-stake halvings that will produce a direct impact on the coin’s price. When all 17 mln ZEC coins are mined, it is quite reasonable to assume that the coin’s price could skyrocket up to $4,000.

Zcash is currently working on reducing the coin’s inflation rate (it stands at 0.1 percent, which is quite high compared to other cryptocurrencies). The introduction of the so-called ‘harmony mining’ will help reduce the mining reward.

In 2020, the Zcash halving will take place – it is expected to reduce the mining rewards by half. That will undoubtedly produce a positive effect on the Zcash price.  

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$60,000 by 2025?

Back in 2018, Grayscale Investments predicted that Zcash could hit a staggering $60,000 by 2025 if it replaced ‘offshore’ bank transfers. Everyone, not just a handful of billionaires, will have access to their own proverbial ‘Swiss bank account’. The price of this asset could increase exponentially if it occupies even a small chunk of this market. For instance, ZEC would cost $6,289 if it represented only one percent of the collective ‘offshore wealth’.

However, the above-mentioned $60,000 figure is far-fetched since one should take into account the harsh competition among privacy coins. Monero (XMR) has already become the dark web’s darling, and its market cap is three times bigger than that of Zcash.

Market sentiment

Of course, one should keep in mind that no one can predict for sure what happens to the cryptocurrency market in the next five years. The price of ZEC price greatly depends on the overall market sentiment, which means that it will probably mimic Bitcoin. If Bitcoin goes down, all altcoins go down as well. However, that wasn’t the case in the mining department – Zcash mining was 400 percent more profitable in June 2018.

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The bottom line

Zcash poses a viable alternative to Bitcoin. This is one of the most prominent privacy coins that allows performing anonymous transactions. While the future of the cryptocurrency looks promising, there are multiple factors that could thwart its growth:

  • Lack of adoption (it won’t be able to compete with other privacy coins if the pace of adoption remains too slow).

  • Bad reputation (Zcash has already been mentioned by Europol as one of the cryptocurrencies that is used by cybercriminals).

  • Regulations (as mentioned above, regulatory clampdown seems imminent if Zcash adoption continues to grow).

  • The overall decline of the crypto market (Zcash won’t be able to survive if Bitcoin and major altcoins hit a snag).   

According to BuySellHodl, which displays real-time price predictions, Zcash is one of the lowest-rated cryptocurrencies with a 46 percent ‘Buy’ rating (Bitcoin SV was the only cryptocurrency lower on the list with only 29 percent of responders willing to buy it). With that being said, Zcash investors also have every reason to believe that the coin’s price will grow substantially after the upcoming halving.

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