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Simple Bitcoin Wallet
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Simple Bitcoin Wallet

Overview
Synopsis

Simple Bitcoin Wallet is a single-page Android application which allows users to store bitcoins securely and transfer them easily. It is intended for mobile devices, hence it does not store a full Blockchain but instead acquires all the relevant data from remote full Bitcoin nodes using a SPV technique.

Category

Bitcoin Mobile Wallet

Features

• A single-page Android application
• Secure mnemonic code
• Connects to three trusted full Bitcoin nodes by default
• Not a centralized service
• User-friendly

License

Open Source

Price

Free

Company

Simple Bitcoin Wallet

What is best ?

• A single-page Android application
• Secure mnemonic code
• Connects to three trusted full Bitcoin nodes by default
• Not a centralized service

What are the benefits ?

• Store bitcoins securely
• Transfer bitcoins easily
• Restore balance and transaction history using a single mnemonic code
• Faster transaction
• Access your funds from anywhere

Rating
Our Rating
User Rating
Ease of use
7.6
Features & Functionality
7.6
Advanced Features
7.6
Integration
7.6
Customer Support
7.6
Security
7.6
Bottom Line

Simple Bitcoin Wallet is a user-friendly, single-page Android application connected to trusted bitcoin nodes which allows users to securely store and transfer bitcoins.

7.6
Our Rating
User Rating
You have rated this

Simple Bitcoin Wallet is a single-page Android application which allows users to store bitcoins securely and transfer them easily. It is intended for mobile devices, hence it does not store a full Blockchain but instead acquires all the relevant data from remote full Bitcoin nodes using a SPV technique. With Simple Bitcoin Wallet, user’s balance and full transaction history can always be restored using a single mnemonic code should anything bad happen to their device. All Bitcoin addresses and private keys in Simple Bitcoin Wallet comes from a single mnemonic code which is essentially a secret phrase comprising of 12 random words. This code should be kept private by users at all times. Users should either write their mnemonic code on a piece of paper and store it in a really secure place or encrypt the mnemonic code using wallet password as a key and store it wherever they like. Users are advised to treat any unconfirmed incoming transaction as if it does not exist yet. There are a lot of technical reasons for this and the rule applies to all wallets, not just to Simple Bitcoin Wallet. It is advisable to wait for at least one confirmation. Every transaction users send must have some fee attached to it. Fees goes to Bitcoin miners who include transactions in blocks and thus give them confirmations. The higher the fee the user choose, the faster the transaction will be confirmed. It's important to note that Simple Bitcoin Wallet is not a centralized service, so users can't regain access to their funds when they lose their device or password by just providing an email. Here users will need to restore their wallet using their mnemonic code.

Simple Bitcoin Wallet

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