Mobile wallets as the name suggests are crypto wallets that can be installed on a mobile device. Mobile wallets also facilitate users to send and receive cryptocurrencies as well. Mobile wallets are readily available on the Google Play Store and Apple App Store.
Mobile wallets are also commonly known as hot wallets since they require internet connectivity, unlike cold wallets. While picking a mobile wallet, always try looking for two-factor authentication along with the ability to use mnemonic phrases to retrieve the crypto assets.