Best Bitcoin (BTC) iPhone Wallets Crypto Asset Investors and Users Should Try in 2019
Bitcoin's 10-year long history was one of the most eventful periods for the world of finances in decades now. The coin, which was officially launched on January 3rd, 2009, managed to go from $0 to $20,000 in only 9 years. While its value quickly corrected itself and dropped by around 80% during the year after that, it is still impressive that a new form of money managed to achieve this without support from banks, governments, or institutions.
Despite the fact that BTC price has dropped significantly from its all-time high, the coin is still considered by many to be the currency of the future. As such, new investors are constantly arriving at the crypto market, especially in recent years. However, those wishing to enter the crypto trade first have to make some preparations, and the most important aspect of this by far is to have a good wallet. Since many traders like to trade their coins on the go, many are choosing to do it from their iPhones.
In order to help them out, we have prepared a list of some of the best-quality wallets that work on these devices, and hopefully, one or more of them will serve future investors well.
What Are Bitcoin wallets?
Before we start listing the wallets, however, we should explain what Bitcoin wallets actually are. Bitcoin wallets are pieces of software or hardware used for storing digital currencies, in this case — Bitcoin itself. They can be used for safeguarding digital coins, making transactions, and in some cases — even exchanging coins without having to go to the exchange. They also store traders private keys, which serve like their personal signature, used for confirming that transactions are legitimate. Because of this, it is of utmost importance that users always keep their private keys safe, and never reveal them to others.
As mentioned, wallets come in a few different types — online wallets, hardware wallets, desktop wallets, and mobile wallets. This time, we will focus on mobile wallets, particularly on those that are iPhone-friendly. Without further ado, here are the best wallets for Bitcoin that you can use on your iPhone.
A lot of iPhone users choose to use BRD for their devices, as it is well-known for its user-friendly interface. This makes it a great option for new investors who might be having trouble with some of the more complex wallets. Furthermore, using it is very easy, quick, and straightforward, without any unnecessary complications or registration processes. This also prevents the loss of any personal information in case of a data leak. Would-be traders can simply download it from the App Store and start using it in a matter of minutes.
Finally, the wallet and the keys can be restored, the wallet supports QR code scanning, and it features a calculator that will always inform you of potential transaction fees.
Edge is another well-known and popular wallet, mostly praised for its security features. It is also among the oldest iPhone wallets on the market. The wallet has been around since 2013, and in the past 6 years, it managed to develop a very large and supportive community. It also allows users to recover their wallets in case they lose their private key, and it features a fee calculator, and QR code support, just like the previous entry.
In addition, it allows users to manually add any ERC-20 token (tokens made on Ethereum's network), it allows swapping of private keys and provides support for Bitcoin and Litecoin as well.
Next, we have BitPie, which is a Bitcoin wallet for Android and iOS devices, that has started gaining a lot more usage recently. While originally for BTC, the wallet has added numerous other coins to its Android version, which means that users can manage a number of different cryptos from the same place. The iPhone version, however, currently only supports Bitcoin and Bitcoin Cash. As previous wallets, it allows you to recover the funds, restore your keys, import them, scan QR codes, and it has PIN Code support.
4) Jaxx wallet
Jaxx is considered to be among the best crypto wallets, and it is supported by iOS and Android systems alike. The wallet allows users to store two cryptos, and it has quite a large and active developer community. One thing to note is that Jaxx had an incident in which it was discovered that users' passphrases were recorded as plain text. However, this was a while ago, and Jaxx has changed its ways since then and is now a well-known and respected wallet.