Mycelium

Pros

• Non-custodial model — private keys are stored locally on the user's device.
• Flexible fees — fine-grained control of Bitcoin fees.
• Hardware wallet support — integration with certain devices via OTG connection (Android).
• Security features — basic protection options and seed backup.

Cons

• Limited to Bitcoin — support for other cryptocurrencies is limited.
• Mobile-oriented — desktop-level functionality is absent.
• Complex interface — may be inconvenient.

Detailed description

Mycelium targets Android and iOS users who value flexible Bitcoin transaction settings and the ability to connect hardware wallets. Private keys are generated and stored locally on the device, and access to funds is controlled by the user.

A core feature of the app is flexible fee configuration for transactions, which allows adapting Bitcoin sends to current network conditions. Hardware support via OTG (for Android) enhances security by isolating keys.

When using a mobile wallet it is important to back up the seed phrase in a safe place and follow basic security practices: protect the device, use screen locks and perform regular backups.