Intuitive Ease of use,  High Privacy,  User Private Keys Stored

The Schildbach Bitcoin Wallet (simply Bitcoin Wallet on the Android store) was the first Bitcoin wallet for mobile and it has over a million downloads. It was created in order to simplify Bitcoin transactions for anyone who wants to invest in the cryptocurrency and has many useful features that its users appreciate. Many new mobile wallets were developed based on its open-source code.

This Bitcoin wallet for Android has good functionality, it can make transactions via NFC, QR codes or URLs and offline via Bluetooth. It also shows conversion value for national currencies and it is completely decentralized and independent. The users are able to designate their own nodes for verification, a unique feature among mobile wallets. It does not support multiple accounts.

Company / organization behind the wallets

The app was developed back in 2011 by developer Andreas Schildbach, who is very active on discussion platforms and responds to issues and reviews, and has given a number of interviews about issues regarding Blockchain technology and Cryptocurrency.

Crypto Currencies Support

Language Support

  • Chinese
  • Czech
  • Danish
  • Dutch
  • English
  • Finnish
  • French
  • German
  • Hungarian
  • Italian
  • Japanese
  • Korean
  • Norwegian
  • Portuguese
  • Russian
  • Spanish
  • Swedish
  • Turkish

Supported Systems

  • Android

Bitcoin wallet is hierarchical deterministic, generating new addresses every time based on the private seed, which prevents others from determining the wallet's owner by watching transactions. Schildbach's unique feature of allowing the user to create their own node protects against information leaks as well. The wallet has a good overall reputation for security.

Summary:

Security
Low
2 Factor Authentication
No
Multi-Signature
No
Private Keys Stored On
User
Storage Type
Hot storage
Transactions Validation
Full Node
Hierarchical Deterministic
No

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

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

The design of the Bitcoin Wallet for Android is quite basic, but it is clean as well. The backup process seems a bit complicated and developers have had to explain it in detail. Overall, the app is fine to use by beginners as well as more advanced users, although some have argued that it has been surpassed by more advanced mobile apps.

Summary:

The Bitcoin Wallet developed by Andreas Schildbach has had a good reputation for both security and user experience, but there have been issues as well with backups and hot storage. The newer mobile Bitcoin wallets might be more advanced in terms of features now, but Schildbach's was the starting point for many of them, which means it has been a strong tool.

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

This Bitcoin wallet for Android has good functionality, it can make transactions via NFC, QR codes or URLs and offline via Bluetooth. It also shows conversion value for national currencies and it is completely decentralized and independent. The users are able to designate their own nodes for verification, a unique feature among mobile wallets. It does not support multiple accounts.

There are none

Help and
support:

  • Email
  • Peer to Peer assistance
  • Google+

Most common
customer complaint:

Difficulty of backups, lack of cold storage backup