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Mobile wallets are available on your cellphone through an app. You can use mobile wallets when shopping in physical stores as cryptocurrencies become more acceptable. Note: Other types of wallets, such as online wallets (see the preceding section), offer mobile versions as well. But some wallets are specifically and only used for mobile phones.

Mobile wallets (see Table 3-2 for some popular ones) fall into the category of software wallets and have these advantages:

 They can be safer than online wallets.

 They’re convenient for use on the go.

 They offer additional features such as QR code scanning.

Some disadvantages of mobile wallets include the following:

 You risk losing your crypto assets if your phone is lost or damaged.

 They run the risk of getting mobile viruses and malware.

TABLE 3-2 Popular Mobile Wallets

Name	Description	Pros	Cons
Jaxx, https://jaxx.io/	Cold wallet available on mobile devices and desktops (Windows, macOS, Linux).	Multi-platform support. Stores keys on specified device.	Code is not open source. Limited number of coins and tokens supported.
Coinomi, www.coinomi.com	Cold wallet for multiple cryptocurrencies that runs on iOS and Android mobile devices.	Runs on Android, iOS, and desktops. Extensive list of supported coins and tokens. Focus on privacy.	Code is not open source.
Bread (BRD), https://brd.com/	Cold wallet for multiple cryptocurrencies that runs on iOS and Android mobile devices.	No central server. Easy to use and fast. Code is open source.	Limited number of supported coins and tokens. No two-factor authentication.