The world of cryptocurrency is an exciting and fast-paced one.
While many cynics believe the crypto-bubble is due to burst, the sheer number of currencies on the market and the vast amount of value tied up in them suggests otherwise.
There are over 1000 different types of cryptocurrency available for you to choose from – the most popular and reliable being Bitcoin and Ethereum, and some of the rising stars including Dash, Ripple, DogeCoin, and Monero.
But of course, if you are going to get yourself some cryptocurrency, you need somewhere to store it!
This article will explore the nine best cryptocurrency wallets for Samsung, but first, we will give you a bit of info regarding the different types of wallets available.
What Is a Cryptocurrency Wallet?
As you probably know, a cryptocurrency is a form of digital currency, and as such, you cannot store in traditionally.
You cannot put it in your pocket, or your coin purse, so instead you need a digital solution to your storage needs.
The key with a digital wallet is that it must be secure, safe, easy to use, and efficient – particularly if you are making a lot of purchases and transactions.
When it comes to security, this should be your number one consideration, and depending on what kind of person you are and what your needs and requirements are, there are different options available.
You can choose from web-based wallets, hardware wallets, cold storage wallets, and of course application based wallets that you download to your mobile device.
The most secure is considered to be hardware wallets because they store your assets offline with no direct connection to the internet, meaning they are impenetrable from hackers or dodgy folk trying to get their hands on your coins.
This list deals with application based wallets – by far the most popular on the market because they are convenient and portable, needing little fuss to get up and running.
Particularly suited to those that want to make lots of transactions, app-based wallets is a sector that is growing exponentially.
We have already looked at the best iPhone cryptocurrency wallets on the market, but for those of you that are die-hard Android or Samsung users, then you might be looking for something a little more suited to your particular device.
Not all cryptocurrency wallets are created equally so to help you get your head around what is on offer; we have helpfully come up with a list of some of the best wallets you can get.
All rated highly for usability, security, and functionality, they are all slightly different, meaning you are guaranteed to find the right one for you.
So, without further ado, let us read on to find out more!
Best Cryptocurrency Wallets for Samsung
For those of you that love your Samsung and are looking for the perfect app-based, Android-friendly cryptocurrency wallet, we have helpfully drawn up a list of some of the best offerings on the market.
If you are looking for a popular Android cryptocurrency wallet for your Samsung device, then MyCelium is just what you are looking for.
One of the most well known and current on the market, it is super simple to use and lets you store your coins, manage multiple accounts, and even create backups of your keys to avoid any technical mishaps.
The wallet is a Hierarchical Deterministic wallet which, in English, means that it functions by way of a “master seed” which means it derives Bitcoin address in a sequential format and never reuses an old address.
MyCelium is great because it also offers GPS assisted trading in your local area which means that you can log on and see who nearby, wants to buy or sell.
It’s a great app that works like a dream on Samsung devices, and it really lives up to its revered reputation.
Ok, so if you are in the US, it is probably best to give Coinbase a miss as a recent ruling means that the company will have to turn over the private details of all customers that have actioned transactions of a value exceeding $20,000.
If you do not fall into that category, then it is a great application that has been around for a long time, meaning you can have quite a lot of confidence in them.
For those that are new to the world of crypto, it is a great starting place for you to get the hang of it as it offers a simple, functional, and easy to use interface that allows the exchange, and storing of currencies with just a couple of swipes.
One of the best features of the app is the fact that it requires an extensive verification process upon sign up which gives it the feeling of legitimacy – something that is very welcome in the world of cryptocurrencies.
That said, Coinbase does not give you access to your private keys whereas there are other Samsung apps out there that do.
Even though we keep repeating that storing cryptocurrency funds on an exchange – in case of mobile wallets, you might not have a choice, and Coinbase would probably be one of the better options.
Read our Coinbase review to find out more details about the exchange and its wallet.
If you are someone that has multiple devices such as mobiles, laptops, and tablets, then Copay could be an excellent choice for you.
It offers access to your wallet across several devices at a time, and the application securely stores distinct cryptocurrency wallets which provides privacy – keen and business users with the opportunity to keep their funds separate.
In other words, it means that you can also have different people sign off on various transactions.
It is also the first wallet that offers Bitcoin Payment Protocol (BIP) which is a new technology designed by developers to improve the security of Bitcoin further.
When it comes to branding, Copay is up there with the best as well as its developers designing the wallet with the aim of giving clients the ultimate in convenience, transparency, and robust security features – all of these factors combined have helped to cement its place as a number one favourite with crypto enthusiasts worldwide.
Read our Copay review for more details.
If you are a regular cryptocurrency user, and in particular Bitcoin, then Airbitz is an excellent solution for you to consider.
Elegantly designed and with a simple user interface it is easy for beginners, and pleasing to the eye for experts.
It allows users to quickly and efficiently taking control of all of their private keys, but it is similar in its functionality to an internet banking application.
As a bonus, it comes with a large variety of plugins that can assist and simplify the process of spending your coins.
The service also offers an integrated broker which gives users the chance to buy Bitcoins in exchange for EUR or USD.
The general vibe of Airbitz is that it is forward thinking, adaptable, innovative and ambitious and offers a superb range of features that are all artfully combined in a well-designed Samsung application.
If you are after a super simple offering, then Bread wallet will be right up your street.
It is arguably one of the most user-friendly and simplistic wallets on the market, and after its extraordinary success with its iOS version, they decided to let Android users in on the fun.
You can also access the app in 19 languages, and it also offers a unique and direct connection to the Bitcoin network which means that you do not have to obtain any intermediary servers during the process.
While the application doesn’t have many bells and whistles, and it is missing some of the features that crypto experts love, it is a great starting place for beginners and novices.
If you are looking for a high scoring, popular wallet for your Android or Samsung device, then Coinomi is one that is going to be on your hit list.
It is a multi-coin wallet which means you can store different types of cryptocurrency alongside each other.
It is well designed and fast to use and navigate and it also offers an integrated ShapeShift exchange which offers fast coin conversions without even having to leave the wallet.
Security wise, it rates highly and is considered a pretty safe option on the market.
This wallet is new on the market and claims to be the most private and secure available.
The app is encrypted with AES-256 military-grade encryption which gives the app an excellent fighting chance against keeping criminals and potential hackers at bay.
It also requires a BIP 39 passphrase when you create a wallet which means that no information or sensitive data can get into the wrong hands.
To add another security level, it also allows Hierarchical Deterministic Wallets through its further BIP 44 integration.
Another great feature is that it gives the user full ownership of their private keys as they are all created and stored directly on the device and are never communicated to the servers or owners of the site.
It’s an app for those that are a little more experienced as its full range of features could confuse novice cryptocurrency explorers.
This is another great application – not one of the biggest on the market, but great nonetheless.
The app gives you the chance to check your crypto balance, send currency to others, facilitate payments, and more.
It is slick, sleek and well designed-perfect for beginners and pro’s!
The application offers handy shopping options as well and even gives you the chance to purchase gift cards from around 120 e-commerce merchants.
Its reviews are glowing, and we highly recommend you checking it out.
Bitcoin Wallet is one of the most well-known, up and coming Bitcoin wallets on the scene.
It enjoys a straightforward layout meaning that it is easy and stress-free to use.
As the name would suggest, it only handles Bitcoin, but you can exchange them with around 20 other fiat currencies, and you can enjoy support in 25 different languages.
The security features are top notch, and if you are a beginner, this is a perfect choice for you!
These are just a selection of some of the best cryptocurrency wallets for Samsung – of course, there are many others out there for you to choose from however these are the ones that satisfy our criteria.
Choosing the correct cryptocurrency wallet is an essential task – at the end of the day, your privacy, security and your financial assets are at stake.
Making sure you choose a reputable, secure, and efficient service is the key to your success and also the key to you making a profit.
Before you plump for a particular provider, it is always wise to weigh up the different options available to you and to read reviews and suggestions such as this article.
You also need to consider your needs and requirements – what is the nature of your involvement with cryptocurrencies, how much are you intending to buy, sell, and store, what device will you be using, how often will you be using it, and how security savvy are you?
Knowing the answers to all of these questions will help you separate the wheat from the chaff, and find a wallet that not only meets your needs but your expectations too.
The world of cryptocurrency is a pretty exciting one and getting yourself a good wallet will set you off on the road to success.
And if you’re still unsure about choosing the best cryptocurrency wallet for Samsung or any other device, check our guide on how to create a cryptocurrency wallet.