Mobi wallet review

Mobi
Intuitive Ease of use,  Low Privacy,  Wallet platform Private Keys Stored

Mobi wallet is developed by BTCC Limited, one of the oldest yet still active Chinese based Bitcoin exchanges. Mobi wallet is a service that endeavors to eliminate friction in money transfers and make Bitcoin easier to spend worldwide. This wallet platform offers users the possibility of issuing a prepaid Mobi Visa card and extensive support for numerous fiat-currencies.

Mobi Wallet allows instant cross-border payments, convert Bitcoin to over 100 fiat currencies. Mobi VISA prepaid card is a valuable asset as it turns the Mobi Wallet balance into spendable cash (withdrawals and card purchases). Unfortunately the card is only available for EU residents.

Company / organization behind the wallets

BTCC is a Hong Kong based company that plays a significant role in the Bitcoin ecosystem by offering a digital currency exchange, a mining pool, payment processing services and consumer wallets.

Traditional Currency Support

  • Afghan Afghani (AFN)
  • Albanian Lek (ALL)
  • Algerian Dinar (DZD)
  • Angolan Kwanza (AOA)
  • Argentine Peso (ARS)
  • Armenian Dram (AMD)
  • Aruban Florin (AWG)
  • Australian Dollar (AUD)
  • Azerbaijani Manat (AZN)
  • Bahamian Dollar (BSD)
  • Bahraini Dinar (BHD)
  • Bangladeshi Taka (BDT)
  • Barbadian Dollar (BBD)
  • Belarusian Ruble (BYN)
  • Belize Dollar (BZD)
  • Bermudan Dollar (BMD)
  • Bhutanese Ngultrum (BTN)
  • Bolivian Boliviano (BOB)
  • Bosnia-Herzegovina Convertible Mark (BAM)
  • Botswanan Pula (BWP)
  • Brazilian Real (BRL)
  • Pound sterling (GBP)
  • Brunei Dollar (BND)
  • Bulgarian Lev (BGN)
  • Burundian Franc (BIF)
  • Cambodian Riel (KHR)
  • Canadian Dollar (CAD)
  • Cape Verdean Escudo (CVE)
  • Cayman Islands Dollar (KYD)
  • CFA Franc BEAC (XAF)
  • Chilean Peso (CLP)
  • Chinese Yuan (CNY)
  • Colombian Peso (COP)
  • Comorian Franc (KMF)
  • Congolese Franc (CDF)
  • Costa Rican Colón (CRC)
  • Croatian Kuna (HRK)
  • Cuban Peso (CUP)
  • Czech Republic Koruna (CZK)
  • Danish Krone (DKK)
  • Djiboutian Franc (DJF)
  • Dominican Peso (DOP)
  • East Caribbean Dollar (XCD)
  • Egyptian Pound (EGP)
  • Ethiopian Birr (ETB)
  • Euros (EUR)
  • Falkland Islands Pound (FKP)
  • Fijian Dollar (FJD)
  • Gambian Dalasi (GMD)
  • Georgian Lari (GEL)
  • Ghanaian Cedi (GHS)
  • Gibraltar Pound (GIP)
  • Guatemalan Quetzal (GTQ)
  • Guinean Franc (GNF)
  • Guyanaese Dollar (GYD)
  • Haitian Gourde (HTG)
  • Honduran Lempira (HNL)
  • Hong Kong Dollar (HKD)
  • Hungarian Forint (HUF)
  • Icelandic Króna (ISK)
  • Indian Rupee (INR)
  • Indonesian Rupiah (IDR)
  • Iranian Rial (IRR)
  • Iraqi Dinar (IQD)
  • Israeli New Sheqel (ILS)
  • Jamaican Dollar (JMD)
  • Japanese Yen (JPY)
  • Jordanian Dinar (JOD)
  • Kazakhstani Tenge (KZT)
  • Kenyan Shilling (KES)
  • Kuwaiti Dinar (KWD)
  • Kyrgystani Som (KGS)
  • Laotian Kip (LAK)
  • Lebanese Pound (LBP)
  • Lesotho Loti (LSL)
  • Liberian Dollar (LRD)
  • Libyan Dinar (LYD)
  • Macanese Pataca (MOP)
  • Macedonian Denar (MKD)
  • Malagasy Ariary (MGA)
  • Malawian Kwacha (MWK)
  • Malaysian Ringgit (MYR)
  • Maldivian Rufiyaa (MVR)
  • Mauritanian Ouguiya (MRU)
  • Mauritian Rupee (MUR)
  • Mexican Peso (MXN)
  • Moldovan Leu (MDL)
  • Mongolian Tugrik (MNT)
  • Moroccan Dirham (MAD)
  • Mozambican Metical (MZN)
  • Myanma Kyat (MMK)
  • Namibian Dollar (NAD)
  • Nepalese Rupee (NPR)
  • New Taiwan Dollar (TWD)
  • New Zealand Dollar (NZD)
  • Nicaraguan Córdoba (NIO)
  • Nigerian Naira (NGN)
  • North Korean Won (KPW)
  • Norwegian Krone (NOK)
  • Omani Rial (OMR)
  • Pakistani Rupee (PKR)
  • Panamanian Balboa (PAB)
  • Papua New Guinean Kina (PGK)
  • Paraguayan Guarani (PYG)
  • Peruvian Nuevo Sol (PEN)
  • Philippine Peso (PHP)
  • Polish Zloty (PLN)
  • Qatari Rial (QAR)
  • Romanian Leu (RON)
  • Russian Ruble (RUB)
  • Rwandan Franc (RWF)
  • Saint Helena Pound (SHP)
  • Samoan Tala (WST)
  • São Tomé and Príncipe Dobra (STN)
  • Saudi Riyal (SAR)
  • Serbian Dinar (RSD)
  • Seychellois Rupee (SCR)
  • Sierra Leonean Leone (SLL)
  • Singapore Dollar (SGD)
  • Solomon Islands Dollar (SBD)
  • Somali Shilling (SOS)
  • South African Rand (ZAR)
  • South Korean Won (KRW)
  • Sri Lankan Rupee (LKR)
  • Sudanese Pound (SDG)
  • Surinamese Dollar (SRD)
  • Swazi Lilangeni (SZL)
  • Swedish Krona (SEK)
  • Swiss Franc (CHF)
  • Syrian Pound (SYP)
  • Tajikistani Somoni (TJS)
  • Tanzanian Shilling (TZS)
  • Thai Baht (THB)
  • Tongan Pa'anga (TOP)
  • Trinidad and Tobago Dollar (TTD)
  • Tunisian Dinar (TND)
  • Turkish Lira (TRY)
  • Turkmenistani Manat (TMT)
  • Ugandan Shilling (UGX)
  • Ukrainian Hryvnia (UAH)
  • United Arab Emirates Dirham (AED)
  • US Dollar (USD)
  • Uruguayan Peso (UYU)
  • Uzbekistan Som (UZS)
  • Vanuatu Vatu (VUV)
  • Venezuelan Bolívar Fuerte (VEF)
  • Vietnamese Dong (VND)
  • Yemeni Rial (YER)
  • Zambian Kwacha (ZMW)

Language Support

  • Chinese
  • English
  • French
  • German
  • Indonesian
  • Italian
  • Japanese
  • Korean
  • Norwegian
  • Portuguese
  • Russian
  • Spanish
  • Thai
  • Vietnamese

Supported Systems

  • Android
  • iOS
  • Browser version (only for users that have already installed Mobi app)

Mobi is built for convenience and manages all customer accounts. Mobi accounts are partially held in cold storage with geographically dispersed backups and regular security audits. This wallet is not designed for high volume accounts or long term storage.

Summary:

Security
Low
2 Factor Authentication
No
Multi-Signature
No
Private Keys Stored On
Wallet platform
Storage Type
Private keys are held by Mobi, on assertions of cold-storage solution usage.
Transactions Validation
Centralized validation
Hierarchical Deterministic
Yes

What happens in the event of a disaster/theft/loss?

All funds in the wallet are lost.

Mobi Wallet is a good option for those who often make international payments, who regularly need to exchange Bitcoin and fiat currencies or who regularly travel and want to spend their Bitcoins anywhere on the globe. Wallet UX design is clean and intuitive allowing users to quickly exchange, store, receive and spend Bitcoin.

Summary:

Mobi Wallet provides a good user experience and enough functionalities for those in need of making BTC, ETH, LTC, BCC deposits and international payments. Although this wallet platform is developed and supported by a reputable Chinese company which states that security is high regarding the private key cold-storage, users don't have full control over their assets with this software.

Ease of use
Intuitive
Suitable For
Millennials
Account activation process
Involved
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

Functionality:

  • Exchange coins crypto to crypto
  • Issue a debit card

Mobi Wallet allows instant cross-border payments, convert Bitcoin to over 100 fiat currencies. Mobi VISA prepaid card is a valuable asset as it turns the Mobi Wallet balance into spendable cash (withdrawals and card purchases). Unfortunately the card is only available for EU residents.

The wallet platform has built the exchange function in their own software and manages it locally.

Help and
support:

  • FAQ section
  • Email
  • Facebook
  • Twitter
  • LinkedIn

Personal information for activation account:

  • Name
  • Phone Number
  • Passport/ID
  • Proof of address

Most common
customer complaint:

Conversion fees are high