The Mycelium application offers unparalleled cold storage functionality, allowing users to securely store their funds until they are ready to spend them. This includes the ability to manage paper wallets, private keys, and master seeds. The application also offers a variety of features such as 100% control over private keys, no need to download the blockchain, and HD enabled for managing multiple accounts and never reusing addresses.
The application also boasts ultra fast connection to the Bitcoin network through super nodes, as well as the ability to import watch-only addresses and private keys for secure cold-storage integration. Users can also secure their wallet with a PIN and easily connect with other bitcoin services through bitcoin: uri handling. The application also supports BIP38 keys and allows users to send and receive Ethereum and ERC-20 tokens.
In addition to these features, the Mycelium application offers a Local Trader feature, allowing users to find other people to trade Bitcoins with in person. It is important for users to always have backups of their private keys to ensure the security of their funds. The application's source code is also published on GitHub and users are encouraged to provide feedback and report any bugs.
Other features of the Mycelium application include master seed based backups, the ability to manage wallets on multiple devices, and the option to connect to super nodes through a tor hidden-service for enhanced privacy and availability. The application also offers dynamic fee handling to ensure timely execution of transactions and the ability to directly spend from paper wallets and hardware wallets such as Trezor, Ledger, and KeepKey.
Users can also take advantage of encrypted PDF backups, an address book for commonly used addresses, and a transaction history with full details. The application also allows for easy sharing of bitcoin addresses through NFC, social media, and email. It is also compatible with BIP70 payment requests and offers integration with cashila.com and Glidera.io for sending money and buying bitcoin. Other features include BitID authentication, the ability to choose a favorite block explorer, and warnings for possible double spend transactions.









