Frequently asked questions

Question 1

What is Mycelium Wallet?

Accepted Answer

Mycelium Wallet is a software wallet and hot wallet primarily designed for managing Bitcoin. Mycelium Wallet offers advanced features like hierarchical-deterministic (HD) accounts, SegWit (Bech32) support, hardware wallet integration.

Question 2

Is Mycelium Wallet safe & legit?

Accepted Answer

Mycelium Wallet has not experienced any major scandals, hacks, or criminal charges. Mycelium Wallet is open source, non-custodial, and gives full control over private keys. Mycelium Wallet includes strong security features such as PIN protection, Tor network support, and hardware wallet compatibility.

Question 3

Who created Mycelium Wallet?

Accepted Answer

Mycelium Wallet is developed by Mycelium SA a company founded by Dan Holloway

Question 4

Where is Mycelium Wallet's company based?

Accepted Answer

The company behind Mycelium Wallet, Mycelium SA, is headquartered in London, England, United Kingdom.

Question 5

How does Mycelium Wallet work?

Accepted Answer

Mycelium Wallet operates as a mobile application (iOS and Android) that makes it possible for users to create or restore HD wallets using a mnemonic seed phrase. Mycelium Wallet supports multiple account types like HD and Single Address, and enables secure interactions via QR codes, hardware wallet pairing, and encrypted backups.

Question 6

When was Mycelium Wallet launched?

Accepted Answer

Mycelium Wallet was first released around September 13 2023.

Mycelium Wallet

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