Mobile wallets are just like software wallets.
The only difference is that they are downloaded on your phone (as an app) instead of your computer.
While online wallets are vulnerable to security breaches through the internet, this isn’t the case with mobile wallets. So mobile wallets are safer than online wallets, but still vulnerable to hacks.
Mobile wallets are also easier to use than desktop wallets. They are also capable of scanning other wallet addresses to speed up transactions. A major risk of having a mobile wallet is losing your smartphone. Because if you lose your smartphone and it gets in the wrong hands, your crypto funds are gone forever.
Now that you know what a mobile wallet is, here are the two best mobile wallets you should check out: