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Mycelium vs Wasabi Wallet

Comparing
two wallets
Decided by
Editorial rating
Last reviewed
2026-08-25
Mycelium3.7

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

Wasabi Wallet3.6Bitcoin-onlyWarning

Still a working bitcoin wallet, but the coinjoin coordinator that made its name was switched off by zkSNACKs on June 1, 2024.

Verdict: Mycelium

Mycelium rates higher on our rubric: 3.7 against 3.6 for Wasabi Wallet.

Criterion
Editorial rating
Mycelium
3.7
Wasabi Wallet
3.6

Mycelium and Wasabi Wallet, 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.

Mycelium and Wasabi Wallet compared fact by fact from their reviews; a check marks the side a decidable criterion favours.
FactMyceliumWasabi Wallet
Editorial rating3.7 (favoured on this row)3.6
StatusAvailableCaution: see the review
Made byMyceliumzkSNACKs
PriceFree downloadFree download
Who holds the keysself-custodial, keys generated and held on the phone, recoverable only from a backup you write downself-custodial, keys generated and stored on your own computer, never held by zkSNACKs
Bitcoin-onlyNoYes
Runs oniOS, AndroidWindows, macOS, Linux
ScreenNot statedNot stated
ConnectivityOptional Tor, connection to your own Bitcoin node, NFC, and hardware wallet support for Trezor, Ledger and KeepKeyAll traffic over Tor by default, compact block filters instead of a server that learns your addresses, and hardware signing through HWI for Trezor, Coldcard, Ledger, Blockstream Jade and BitBox02
ReleasedAndroid on July 1, 2013 and iPhone on December 17, 2014, per WalletScrutiny2018; the download page serves version 2.8.1 for Windows, macOS and Linux
Countries on the maker's listNo published listNo published list
Last reviewed2026-08-252026-08-25

Pros and cons, side by side

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

Wasabi Wallet

What works

  • Bitcoin only and open source under an MIT license, with a public repository that is still actively developed
  • Self-custodial: keys are generated and stored on your own computer, and zkSNACKs never held funds
  • Every connection runs over Tor by default, and compact block filters mean no server learns which addresses are yours
  • Hardware wallet signing through HWI for Trezor, Coldcard, Ledger, Blockstream Jade and BitBox02
  • Full coin control, transaction labeling and privacy suggestions that name who will learn about a payment
  • Coinjoin is still in the software: you add a third-party coordinator in place of the one zkSNACKs ran

What to watch

  • zkSNACKs switched off its coinjoin coordinator on June 1, 2024, so the feature Wasabi was known for no longer works out of the box
  • Choosing and vetting a third-party coordinator is now your problem, and each sets its own fees and terms
  • Desktop only: Wasabi's own site states it is not available on mobile
  • Trezor Suite coinjoin and BTCPay Server integrations that used the same coordinator broke on the same day
  • Silent payments are send-only: Wasabi cannot yet generate or receive to a silent payment address

Frequently asked questions

Is Mycelium or Wasabi Wallet better?

Mycelium rates higher on our rubric: 3.7 against 3.6 for Wasabi Wallet. 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 Mycelium and Wasabi Wallet free?

Yes, both are free to download. What differs is who holds the keys: Mycelium is self-custodial, keys generated and held on the phone, recoverable only from a backup you write down; Wasabi Wallet is self-custodial, keys generated and stored on your own computer, never held by zkSNACKs.

Is Mycelium or Wasabi Wallet bitcoin-only?

Wasabi Wallet is bitcoin-only; Mycelium supports other assets too. Bitcoin first, with Ethereum and ERC-20 accounts in the same app

Does Mycelium or Wasabi Wallet carry a warning?

Wasabi Wallet: zkSNACKs announced on May 2, 2024, days after US prosecutors charged the founders of Samourai Wallet, that it would discontinue the coinjoin coordination service behind Wasabi's headline privacy feature, and switched it off on June 1, 2024. The wallet is still developed and still works as a self-custodial, bitcoin-only desktop wallet, and coinjoin remains in the software, but you now have to find and trust a third-party coordinator to use it.

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

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