The world of digital currencies and cryptocurrencies is one that is expanding at an exponential rate, even faster than the world of technology.
When it comes to storing your cryptocurrency safely and securely, the best option for you is a cryptocurrency wallet. Whether you are a crypto-newbie or a fully-fledged cryptonite, you always need to keep your eyes out for the best offerings on the scene.
There are several different options available on the market- from cold wallets to web wallets, to mobile wallets, and desktop wallets – but how do you know which one to choose?
The Best Cryptocurrency Wallets for iPhone
You have probably heard of the blockchain, but you may not know that it can process a pretty impressive 160,000 transactions daily.
The blockchain iOS wallet is entirely open source, extremely easy to get to grips with and it has a range of great features.
Most importantly, it has been thoroughly tested by many researchers and so far, not one has been able to successfully hack it which makes it one of the best wallets you can consider for iOS.
They claim to be the most popular wallet in the world – especially when it comes to storing Ether and Bitcoin, and it isn’t hard to see why.
It is user-friendly, secure, and flexible and has over 15 million worldwide users. It is accessible from both the web and mobile devices, and it makes it super easy for anyone to transact with bitcoin and Ether, through its clean and easy to use user-interface.
Some of its key features include a “security centre” which guides you through the various steps you need to take to secure your account entirely, back up funds, and restrict and prevent unauthorised access.
They also benefit from partnerships with the worlds most trusted exchanges which make the buying and selling of cryptocurrencies directly from the wallet, as easy as pressing a couple of buttons. Blockchain wallet is also incredibly flexible and offers the ability to adjust transaction fees according to priorities.
It is entirely free to download and use, but small transaction fees are levied each time the currencies move in or out of the wallet. The platform will automatically deduct these from the funds based on the size of the transaction and the level of network activity at the time.
You do, however, can set your transaction fee which can be found under the “Customise Fee” setting.
This wallet is an excellent option for those that don’t feel comfortable trusting a third party with their coins.
It cuts out the middleman and offers top-notch protection.
Decentralised, neither the developers or any third party can gain access to either your coins of your data. Another great selling point is the fact that it is connected to multiple public bitcoin nodes which means the chances of experiencing downtime are pretty much non-existent.
A great “beginner friendly” option, it offers unparalleled security features as well as a comprehensive list of businesses that accept bitcoin and that are located nearby.
One of the most convenient options on the market due to this feature, as well as its slick interface and impenetrable wall of security, it offers an excellent solution for those looking for a pretty perfect mobile wallet.
You can buy, sell, and store bitcoin in the mobile application and it offers a two-step authentication feature, it safeguards your funds and transaction data from prying or unauthorised eyes.
The device is free to download and use, but bitcoin transaction fees are determined by the bitcoin network that you use and can vary depending on congestion and the size of your transaction in bytes.
Probably one of the best and easiest user interfaces on the market, it is suitable for everyone from beginners to professionals. It is very secure, and you can even use the platform to directly exchange currencies such as USD, EUR, GBP for Bitcoin.
With Breadwallet you can quickly send or receive any amount of bitcoin, wherever you are in the world, entirely instantly.
There are no restrictions on hours and no hidden fees meaning you can participate in the global economy 24/7. There are no logins and passwords to remember, instead, you just choose a pin and the paper key, and you are ready to go.
Breadwallet allows the user to hold the bitcoin in their own hands essentially. By connecting directly to the bitcoin network, you do not need to rely on or trust a third party to access your bitcoin.
The app has no way to monitor your financial activity, and they exercise no control over what the user decides to do with their money. Offering some of the most forward-thinking and industry-leading security features available, you can be sure that your money is in safe hands.
Even if your mobile is stolen or broken beyond repair, you can simply recover your wallet using your paper key.
One of the prime features that truly sets it apart from its competitors is the fact that it offers a loyalty rewards programme to give back to its users.
As they aim to be the world’s largest, decentralised financial institution, they have decided that offering Bread Rewards is a great way to retain clients- and they are right.
Coinomi is a tremendous multi-coin wallet that is available free for all iOS users.
Coinomi is very secure and can be used to store bitcoins, altcoins, tokens and various other digital assets. Coin exchanges can be easily facilitated directly within the wallet due to the build in ShapeShift Exchange.
It is incredibly user-friendly and can be navigated quickly and efficiently, right from the get-go. It is fast easy to use and has a lot to offer its clients. With Coinomi you can store bitcoin, Ether and other assets on your phone with just a couple of clicks.
It offers a vast range of robust privacy and security features as well as a highly intuitive user interface. It provides a secure storage platform which supports a vast array of digital assets as well as a built-in exchange and robust encryption technology that allows fast and easy training.
It is also entirely free to use apart from a minimal transaction fee on outgoing transactions which are associated with that specific currency, not Coinomi itself.
Other benefits include multi-coin support for hundreds of digital currencies including cryptocurrencies and altcoins, a simple set up with just a few clicks and a big emphasis on privacy.
Another great feature of the wallet is that it is available in different languages, including English, Russian and Chinese.
This great wallet can be used to make payments worldwide and for practically free. It is very secure, and it currently supports Bitcoin, Ethereum, and Litecoin with other options in the pipeline.
Launched back in 2014, CoinSpace is a great platform that allows you to make worldwide payments for free, directly from your phone.
Within a few seconds, you can have downloaded the app, registered and be ready to go. You can even access it from directly in your web browser rather than just your iPhone device. At present you can buy, sell, send, receive and store currency in your wallet and your money is protected by secure passphrase generation so that no one else has any chance of gaining access to your funds.
Each transaction that you make generates a BIP32 address which also increases your privacy levels, and you can also utilise its QR scanner for quick transaction facilitation.
It also has a pretty nifty function where you can use its geo-location feature for transactions that have nearby users. While it never displays your actual location on a map, instead you appear on a list if a person searching, is in your area.
Transferring your cryptocurrency to fiat currency can be done with just one single tap, and you can choose from all the leading world currencies.
Other Options for iPhone Cryptocurrency Wallet
While we highly recommend these five options, if none of them tickles your fancy, there are some other options available.
MyCelium is a great option – although it is a bit more complicated in its usability than some of the others available, these complications are a result of its excellent safety features that are there to protect you and your money.
You could also check out JAXX which does have a bit of controversy surrounding it. While many argue that it is one of the best on the market, critics are not impressed with the fact that its software is not open source meaning it makes some a little uncomfortable.
Another consideration is Bither which you can choose to run in cold or hot mode, but that allows you to use your currency as easily as you would a credit card.
Just be sure that whichever option that you go for, you ensure that you pick a trusted provider. Be aware of all the security features and risks, and read a few reviews before you press the download button.
Remember that if it seems too good to be true, it probably is!
Choosing the safest cryptocurrency wallet for you is a task that needs a lot of careful consideration.
In fact, you should put as much thought and research into it as you would when choosing a bank account.
You need to consider various points such as how much currency you will be storing, what you will be using it for, and your needs regarding security, accessibility, and ease of use.
Everyone is different, and as such, everyone’s needs when it comes to their digital wallet will differ as well.
The world of cryptocurrency is a very exciting and progressive one that is not set to slow down anytime soon.
Don’t miss the boat and don’t miss out the opportunity to become a pioneer of the digital age and invest in a cryptocurrency today.
Once you have decided what currency tickles your fancy, you need to pick a wallet that suits you and your needs and then you are good to go.
Regardless of whether you need a cryptocurrency wallet for an iPhone or any other device, the best option will be to store small amounts on it and keep the majority of your funds on a cryptocurrency hardware wallet.
It is an exciting world out there in the cryptocurrency market, don’t be the last one to join in on the fun!