The app is a good choice for non-technical people.
This wallet gives you full control over your bitcoins. This means no third party can freeze or lose your funds. You are however still responsible for securing and backing up your wallet. This wallet uses SPV and the Bitcoin network.
Where can I view previously used addresses within a wallet?
This means very little trust in third parties is required when verifying payments. However, it is not as secure as a full node like Bitcoin Core. This wallet is open-source and built deterministically. This means any developer in the world can audit the code and make sure the final software isn't hiding any secrets. This wallet is loaded on mobiles where apps are usually isolated. This provides a good protection against malware, although mobiles are usually easier to steal or lose. Encrypting your mobile and backing up your wallet can reduce that risk.
This wallet makes it harder to spy on your balance and payments by rotating addresses. You should still take care to use a new Bitcoin address each time you request payment. To protect your privacy, you should use a new Bitcoin address each time you receive a new payment. Additionally, you can use multiple wallets for different purposes. Doing so allows you to isolate each of your transactions in such a way that it is not possible to associate them all together. People who send you money cannot see what other Bitcoin addresses you own and what you do with them.
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This is probably the most important advice you should keep in mind. Unless your intention is to receive public donations or payments with full transparency, publishing a Bitcoin address on any public space such as a website or social network is not a good idea when it comes to privacy.
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If you choose to do so, always remember that if you move any funds with this address to one of your other addresses, they will be publicly tainted by the history of your public address. Additionally, you might also want to be careful not to publish information about your transactions and purchases that could allow someone to identify your Bitcoin addresses. Because the Bitcoin network is a peer-to-peer network, it is possible to listen for transactions' relays and log their IP addresses. Full node clients relay all users' transactions just like their own. This means that finding the source of any particular transaction can be difficult and any Bitcoin node can be mistaken as the source of a transaction when they are not.
Bitcoin wallet info
You might want to consider hiding your computer's IP address with a tool like Tor so that it cannot be logged. Some online services called mixing services offer to mix traceability between users by receiving and sending back the same amount using independent Bitcoin addresses.
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It is important to note that the legality of using such services might vary and be subjected to different rules in each jurisdiction. They have been forced to watch, helpless, as the price has risen and fallen sharply, unable to cash in on their digital wealth. Bitcoin owners who are locked out of their wallets speak of endless days and nights of frustration as they have tried to get access to their fortunes. With traditional bank accounts and online wallets, banks like Wells Fargo and other financial companies like PayPal can provide people the passwords to their accounts or reset lost passwords.
