Bitcoin has recently surged closed to $3,000 for the first time, sparking huge interest in this exciting crypto currency that could one day eventually create and capture more value than the last generation of Internet companies, according to Balaji Srinivasan, a partner at Silicon Valley venture capital firm Andreessen Horowitz.
As you may know, bitcoins are usually stored inside software wallets. Such wallets are available on virtually every operating system, including iOS. With them, you can send and receive payments, make online and offline purchases, monitor your investments, and more. While there are many bitcoin wallets available for the iPhone, not all are equally secure and trustworthy. It’s paramount to use a wallet from a reputable company that meets all industry regulations and goes the extra mile to protect its customers against cyber criminals. This article lists 5 such wallets.
There’s a good reason why Coinbase is the world’s most popular bitcoin wallet. The company started operating in 2012 from its headquarters in San Francisco, eventually receiving regulatory approval from several financial organizations and being listed by Richtopia at number 2 in the list of 100 Most Influential Blockchain Organisations.
Their iOS bitcoin wallet has a polished design and comes with several extra features for regular bitcoin users and traders alike. These include real-time and historical bitcoin price charts, bank-level security measures, the ability to set up price alerts, and all the usual features such as sending and receiving.
All bitcoins that Coinbase holds for you are fully insured, and you retain control over your private keys. For a small fee, you can send bitcoins and pay for it with your local currency from the same page thanks to the Instant Exchange feature. In the near future, Coinbase would even like to add the ability to send or receive bitcoins using a linked bank account.
Blockchain currently operates in over 140 countries, processing 160,000 transactions every single day. The company operates the largest production blockchain platform in the world and uses the technology to drive the thriving digital economy.
Blockchain’s iOS wallet is fully open source and tested by millions. It’s secure, packed with features, yet intuitive and simple to use. It has been audited by leading security researchers, who have never successfully cracked any of its many security mechanisms.
Whether you’re looking for a long-term bitcoin storage solution or just want to make a quick transaction, Blockchain is a safe bet.
Most bitcoin wallets for iOS are actually account services in disguise. Copay is different. It’s a true bitcoin wallet with multi-sig support, device-based security, hierarchical deterministic address generation, wallet backups, email and push notifications, and much more.
Copay allows users to easily manage multiple bitcoin wallets from a single app, and, thanks to the multi-sig support, a group of people can manage the same wallet just like a joint-checking account. The whole group approves each transaction, making it impossible for someone to run away with the money.
The entire Copay project, including the server, is open source, with dozens of seasoned developers from around the world regularly verifying the integrity of the code and making contributions. Copay is currently available for iOS, Android, Windows, Mac OS X, Linux, and Chrome OS.
Third-party bitcoin wallets with countless bells and whistles are great, but one has to give up a certain degree of privacy to use them. If you’re not willing to bet your hard-earned bitcoins on the ability of someone you don’t know to protect your digital funds, you should consider Airbitz.
This bitcoin wallet for iOS is different because it’s completely decentralized and neither the company behind it nor any third-party can access your money or data. Even if one part of their network goes down, you’ll still be able to access your bitcoin wallet because Airbitz is always connected to multiple public bitcoin nodes. The complexity of cryptography is hidden behind the familiarity of the typical login screen.
Designed with simplicity and usability in mind, Breadwallet is a modern take on the traditional bitcoin wallet for the iOS operating system. With it, you can send and receive bitcoins with just a few clicks, store bitcoins safely and securely, and even exchange fiat currencies for bitcoins.
The wallet is free from extra transaction fees, and users praise its reliability and polish. If you’re new to crypto currencies and want to discover what the fuzz is all about, Breadwallet is the perfect starting point.