5 Best Bitcoin Wallets for iPhone in 2018
Bitcoin’s valuation continues to surge; Silicon Valley experts predict that this cryptocurrency would soon be the most valuable cyber asset. Bitcoins are stored in wallets, and if you are new to the world of cryptocurrencies, you’ve got to know that having one in your smartphone is a necessity. However, you need to be very careful as quite a few Bitcoin wallets are susceptible to hacking. In this article we won’t be talking about bitcoin hardware wallets for PC, but, which is more interesting, about the best bitcoin wallets for iPhone to look forward to in 2018.
Also known as Breadwallet (previously), this is unanimously the market leading mobile wallet preferred for iOS. It is a real standalone bitcoin client; in fact, the first iOS wallet to be so. It has no server that could be hacked or that could go down. Also, as it is directly connected to the Bitcoin network using SPV mode, it does not charge anything extra for transactions. This is an extremely lightweight app and thus sits easy on the phone.
Knowing customer needs, it prioritises all that you can ask for- security, ease of access, and costeffectiveness. You can backup and restore your wallet through this app just in case you end up losing access to your device. The recovery phase is pretty simple in spite of its advanced security standards.
Now, with this app, you can buy Bitcoins directly using the app,in theUS. It will be adding Ethereum to its list and may move to other Altcoins as well in the future. The only limit is that at present it operates only on the Apple iOS.
Coinbase is not a wallet really. But it has such awesome features that it would be a pity not to include it in this list. Having started its operations in 2012 from its headquarters in San Francisco, it is one of the world’s most popular Bitcoin wallets and featured at number 2 in the 100 Most Influential BlockchainOrganisations list compiled by Richtopia.
It functions like a bank; as a result, you can use it on the go anytime from any device. As all Bitcoins are stored atCoinbase’s end only, you can access it from any device you want to without caring much about your device being compromised as you can close access using the remote system.
Coinbase supports cryptocurrencies like Ethereum and Litecoin as well, and serves as an exchange, meaning that you can buy more bitcoins using fiat currencies. It has many additional cool features like real-time and historical price charts for popular cryptocurrencies, price alert notifications, bank-level security measures, and the like.
However, there have been some hacking incidents in the past as Coinbase stores over $1 billion worth of digital currency.
This is a free wallet which can be used across a wide range of devices, including iPhone, iPod touch and iPad. While lacking in the special features department, it is one of the best functioning and easiest to ease wallet apps out there. This is why it operates out of over 140 countries, carrying out over 160,000 transactions every single day. In fact, Blockchain app has the largest production blockchain platform in the world.
Another very cool thing about this wallet is that it is fully open source, meaning it takes the shape the people want. At the same time, it is very secure. None of the leading security researchers has been successful in cracking its security measures. This makes Blockchain safe for both quick transactions and long-term bitcoin storage.
This is different from the wallets covered till now in that not only does it not allow third-party access, but it also does noteven allow the company behind the wallet to access your wallet in terms of your money and data. Airbitz is always connected to multiple public Bitcoin nodes. This means that in case of a partial network failure, you would still be able to access your wallet.
It comes with a built-indirectory to help you find Bitcoin-friendly businesses and has an integrated buy/sell option in the US and Canada. It takes easy-to-function to the next level by allowing payment by Bluetooth. While the app supports the use of multiple wallets with their different names, it never compromises on security. Two-factor authentication along with recovery options is available. It creates automatic backups, meaning no more anxiety regarding manual backups.
This is a product of Bitpay, very reputed in this field. This HD multi-sig app was originally built to handle its company’s funds and that tells a lot about its security. Copay allows the user to manage many Bitcoin wallets from a single app, but that is not all. What makes it really unique is its multi-sig support through which a group of people can manage a single account just like a joint account. All the members have toapprove of each transaction, thus preventing any chance of laundering the money.
Like some wallets in this list, this is an open source wallet. The entire project, including the server, has dozens of experienced developers worldwide regularly modifying the strength of the code and working towards making it more enduring. At present Copay is available in iOS, Windows, Android, Linux, Mac OS X and Chrome OS, making it one of the few cross-platform Bitcoin wallets. It also supports multiple languages.
Most of the bitcoin wallets are similar in their basic features. So, while ease of use is an important thing to look for while trusting a wallet, security is the biggest determining factor. None of those listed here has proved to be 100% foolproof, and they are the best out there at present. A lot depends on the user’s discretion as well. Always go for the one that best suits your needs. Follow simple advice like not rooting your device, as that makes it more vulnerable. It is always better to opt cold storage over hot wallets. So, alertness is important to make your Bitcoin experience more comfortable, rewarding, convenient, and secure.