What Are Mobile Bitcoin Wallets?

A mobile wallet is a digital tool allowing users to manage and access their Bitcoin via mobile devices. These wallets operate online, serving as a gateway to funds on the blockchain without actually storing Bitcoin. They come in two types: Custodial, where the wallet provider holds the user's private keys, offering ease but potentially more risk; Non-Custodial, granting users full control over their private keys, emphasizing security but demanding user responsibility for backup and recovery.