Trying some new Wallets: part 3 - Mycelium: What say you?

[ronnieb]

Ok Bitcoiners, Part 3. Gonna do some talks on Bitcoin Wallets, looking for opinions.

Third wallet will be Mycelium wallet Mobile.

• What's your opinion?
  Looking for Pros and Cons.
  What you like about it.
  What you don't like.
  what would you change?

Link to https://mycelium.com/

Thanks again for all the help!

[arnoudk]

I have not tried many different wallets, so I can't really compare. But I can give you some of my feedback as a user of this software.

What's your opinion?
Looking for Pros and Cons.
What you like about it.

I like the ease of use. It was easy to install, easy to make a backup of the HD seed key, and easy to make payments. It doesn't require any special configurations at all, it just works. Compare that to opening a bank account!

What you don't like.
what would you change?

The keys are protected by a (long) pin number. Even so, the amount of calculations required to try every combination is limited. It feels as if a brute force attack would be feasible with a botnet (although I never investigated this). I don't use it to store more money than I would feel comfortable keeping in my regular wallet - so I accept this risk.
I wonder if it would be possible to use the NFC chip in the phone to perform a 2/2 multisig payment - one with the key in the phone and one with a RFID chip elsewhere. An attacker would then have to get both devices, which is less likely if you don't store them together. One could be on the phone and the other on your (real world) keychain. But I'm just brainstorming.
I would like to be able to specify what bitcoin servers to connect to. I don't think I can do this now. If I was able to define my own machine as outgoing gateway, it would obfuscate the actual source of the payments better.

[bitkilo]

I like Mycelium for its ease of use, great wallets for beginners.
It has everything you will need as a simple btc wallet and has also added Trezor intergration now.
It allows you to access cold storage via QR code or by entering the menimic seed. This is very handy when recovering funds from my cold storage paper wallets.

It also has tor intergration and a local trader fuction.

It is also one of the few android wallet apps that allow you to sign addresses.

Overall i would say that this is a great wallet for novice and expert user alike.

Bitcoin Wiki- Mycelium:
https://en.bitcoin.it/wiki/Mycelium

Edit: I did say that you cant sign addresses with this wallet but that was not true, i double checked and yes you can sign addresses so i edited my post to reflect this.

[bitkilo]

Can i ask when you are going to be doing a talk on bitcoin wallets?
If podcast please let us know when and we maybe able to help.

Anything you need to know just ask and i will do my best to answer, i have only played around with android wallets, most of them but no experance with Apple ios wallets.

[ronnieb]

Can i ask when you are going to be doing a talk on bitcoin wallets?
If podcast please let us know when and we maybe able to help.

Anything you need to know just ask and i will do my best to answer, i have only played around with android wallets, most of them but no experance with Apple ios wallets.

Yes, well we are doing Bitcoin Meetups and talks every month. So our goal is to put together a series of very short wallet videos (this weekend) for our members and then we will likely do a meetup with a short discussion on (all) wallets. So I will continue to gather wallet data for a while yet. We really want to cover everything out there!!

Would you like to participate via hangouts or other in our meetups or discussions? Would love more Bitcoiners to join in!! We actually have a pretty good following, but I have my hands full. Lots of work to be done and too many volunteers to manager LOL.

We have only just started our communities bitcoin group but already we are off to an aggressive start and have had some local business jumping on board.

FYI, if you go to our meetup link in my signature you will see all hangout info!!

[bitkilo]

I would be happy to help out for you but my time is limited with moderating this form and working full time.

I dont use skype or hangout and really only spend my time here nowaday.

If you could give me a time when this will happen i will see what i can do for you but it would be better for myself if you couls just PM me here with any queations you may have.

Hope all goes well and hope the info i have supplied so far helps with your project.

[Windowly]

The ios version isn't protected by a second pin which is a bit worrisome if I'm carrying any quantity of cash there.