Exodus vs Mycelium

Comparing: two wallets
Decided by: Editorial rating
Last reviewed: 2026-08-26

The best looking wallet on this list, from an NYSE listed company, with closed source apps and swap rates starting at 0.5%.

Mycelium3.7

One of the oldest bitcoin wallets still shipping, strong on Android with deep UTXO control, and an iPhone build nobody has verified.

Verdict: Mycelium

Mycelium rates higher on our rubric: 3.7 against 2.8 for Exodus.

Criterion: Editorial rating
Exodus: 2.8
Mycelium: 3.7

Exodus and Mycelium, fact by fact

Every row is from the two reviews as of their review dates, with sources on each. A check marks the side a decidable criterion favours; rows without one are information, not a score.

Exodus and Mycelium compared fact by fact from their reviews; a check marks the side a decidable criterion favours.
Fact	Exodus	Mycelium
Editorial rating	2.8	3.7 (favoured on this row)
Status	Available	Available
Made by	Exodus Movement, Inc.	Mycelium
Price	Free download	Free download
Who holds the keys	self-custodial, keys generated and encrypted on your own device	self-custodial, keys generated and held on the phone, recoverable only from a backup you write down
Bitcoin-only	No	No
Runs on	iOS, Android, Windows, macOS, Linux, Browser extension	iOS, Android
Screen	Not stated	Not stated
Connectivity	Not stated	Optional Tor, connection to your own Bitcoin node, NFC, and hardware wallet support for Trezor, Ledger and KeepKey
Released	2015	Android on July 1, 2013 and iPhone on December 17, 2014, per WalletScrutiny
Countries on the maker's list	No published list	No published list
Last reviewed	2026-08-26	2026-08-25

Pros and cons, side by side

Exodus

What works

One recovery phrase carries the same wallet across desktop, mobile and a browser extension
Pairs with a Trezor or a Ledger, so it can be a friendly front end for keys held offline
Buying built in through XO Ramp with card, bank transfer, Apple Pay or Google Pay
Publicly listed on the NYSE as EXOD, so the company behind it files real financials
Device passkey locking, with no password to reuse or leak

What to watch

The wallet apps are closed source, so you cannot rebuild what you install and compare it to published code
In-app swap rates start at 0.5% and that cost is a spread inside the quote rather than a visible fee
Settled with OFAC for $3.1 million in December 2025 over 254 apparent violations of the Iran sanctions program, with staff found to have suggested VPN workarounds to users in Iran
A hot wallet unless you pair hardware, with keys on an internet connected machine
Bitcoin gets no special treatment in a wallet that advertises over a million assets

Mycelium

What works

Shipping on Android since July 1, 2013, one of the longest unbroken runs of any mobile bitcoin wallet
Real UTXO control on a phone: unspent output visibility, fee bumping, watch-only and single-address savings accounts
Passed all seven of WalletScrutiny's wallet tests, including public source code and an unobfuscated binary
Hardware wallet support for Trezor, Ledger and KeepKey, plus spending directly from paper wallets
Direct APK download, an Obtainium link and a published signing certificate, so Google Play is not the only way in
Optional Tor and your own node, with each third-party service able to be turned off on its own

What to watch

The iPhone app trails badly: WalletScrutiny lists 3.22.0.2 for Android against 2.10 for iPhone
Mycelium's iOS source repository on GitHub is archived, with no commits since June 2024
WalletScrutiny says no iOS build has ever been reproduced, so the reproducibility claim covers Android and not iPhone
WalletScrutiny discloses that its own authors have contributed to Mycelium, so its verdict is not fully independent
No longer bitcoin only: Ethereum and ERC-20 accounts add code a bitcoin-only wallet does not carry
Dated interface, and support runs through a single email address with no live channel

Frequently asked questions

Is Exodus or Mycelium better?

Mycelium rates higher on our rubric: 3.7 against 2.8 for Exodus. The rating follows the product rubric published on our about page; the rows above set custody, price and platforms side by side so you can check it.

Are Exodus and Mycelium free?

Yes, both are free to download. What differs is who holds the keys: Exodus is self-custodial, keys generated and encrypted on your own device; Mycelium is self-custodial, keys generated and held on the phone, recoverable only from a backup you write down.

Is Exodus or Mycelium bitcoin-only?

Neither: both support assets beyond bitcoin. Exodus: Bitcoin among the million-plus assets Exodus advertises, including Ethereum, Solana and stablecoins. Mycelium: Bitcoin first, with Ethereum and ERC-20 accounts in the same app.

The full reviews: Exodus and Mycelium, each with its sources, and every wallet we review.

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