Last updated on July 26th, 2017 at 09:39 am
Ter the past month I’ve bot covering the best possible Bitcoin wallets of each type (Android, desktop and hardware). For the final postbode ter this series I’d like to review the Bitcoin wallets available for iOS. Five years ago, your choices for bitcoin wallets wasgoed more limited, but te 2017 there are so many options that it can be staggering at times.
Before going any further, make sure you familiarize yourself with the basics of Bitcoin wallets through this movie:
Now that wij’ve got the basics covered, it’s time to review the best Bitcoin wallets available for your iPhone or iPad.
If you’ve witness the movie from commence to finish you very likely already know that bitcoin wallets for iOS devices are, ter many ways, the least secure wallets available.
Why? Very first, your phone can be stolen, and even if you have a password or fingerprint sensor, a skilled thief might be able to build up access. 2nd, you could simply lose or pauze your phone. If your bitcoins are stored directly on your phone, it’ll also contain your private key. Thus, if something happens to your iPhone or iPad your bitcoin wealth will be at risk.
However, you can create a backup wallet using 12 to 24 word seed phrase. With this phrase on mitt, you’ll be able to access a backup of your wallet. It’s recommend that you waterput your seed phrase te “cold storage”, or physical form. And if you do store te digital form, make sure it is strongly encrypted and otherwise protected.
Now let’s stir to the list of wallets.
Very first Thing’s First- Coinbase is Not a Wallet
Many people just getting commenced with bitcoin think that Coinbase is a wallet. It’s not. It is an exchange, or marketplace where you can buy and sell bitcoins. Te the past, Coinbase placed itself spil a hybrid exchange/wallet. However, the inherent difficulties and risks of such a setup has resulted ter the company shifting towards being a unspoiled exchange.
Do. Not. Store. Your. Bitcoins. On. Exchanges. This is one of the fattest rookie mistakes you can make. Exchanges are not meant for long-term, safe storage. Wallets are. So, get a wallet!
#1- Breadwallet iOS Bitcoin Wallet
If you’re looking for a “bread and butter” wallet, Breadwallet should be at the top of your list. This wallet is stupid effortless to use. There are two primary functions: send &, receive. It’s a ordinary spil that that. Open source code helps make this wallet a bit more secure, however, a lack of advanced security measures mean it might not be spil secure spil some other wallets.
#2- MyCelium iOS Bitcoin wallet
Very first, let’s leap into the downside of MyCelium: it’s a touch more complicated than other wallets. The reason why, however, is a tremendous upside: the “complications” are a result of advanced security futures. When it comes to bitcoin and protecting your wealth, the slight “inconveniences” (I fight to even call them that) are more than worth it.
Further, MyCelium is an open source software. That means the entire community is on the look out for security flaws. Also, updates are frequent, and they usually result ter enlargened usability and security.
#3- Copay iOS Bitcoin Wallet
Copay is designed by Bitpay, this co-signature wallet requires two people to sign off an on a transaction before it can be finished. This makes it more difficult for hackers and other unsavory types to attempt to steal your wealth. Available not just on iPhones or iPads, but also Android and desktop, this is a fine wallet for security.
#Four Jaxx iOS Bitcoin Wallet
Jaxx is a bit of a controversial wallet, and that needs to be waterput gevelbreedte and center. Proponents of the wallet argue that it’s one of the best mobile wallets, and with good reason. The wallet works with a ample range of crypto-currencies, has a good, easy-to-use interface, and can be paired across devices.
Critics note that it’s not an open source toneel. It’s hard to see the code behind the machine, so to speak, which makes many people awkward. Give this, I’d recommend storing only a puny amount of bitcoin or other currencies on Jaxx. Should the software be made open source, Jaxx might rise up the rankings.
#Five Airbitz iOS Bitcoin Wallet
Airbitz is an open source wallet. Its interface resembles the user-friendly BreadWallet interface, but the wallet also features some “newbie” friendly features. For example, there are listings of merchants that accept bitcoin, and ways to buy discounted bounty cards.
Conclusion – Words of advice for your iPhone / iPad Bitcoin wallet
Recall, a bitcoin exchange IS NOT a safe place to store your bitcoins. A bitcoin wallet will suggest much better security features than your typical bitcoin exchange. Even when using a wallet, wij recommend adhering to the following points:
- ALWAYS set a speld to protect your wallet
- Write down your 12 – 24 seed phrase and store it somewhere safe
- DO NOT store large amounts of bitcoins on your mobile wallet, only on hardware wallets.
Treat bitcoin like you’d treat your other typical financial accounts, gold, and overheen valuable assets. If you have any comments or questions feel free to leave them te the comment section below.
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9 Comments on “Best Bitcoin Wallets for iOS (iPhone, iPad)”
I read your article. Very informative for a newcomer like mij. I went to Coinbase to download their app. Te you article, you said Coinbase is NOT a wallet, but an Exchange. However, their App states it is a Wallet. Do you know if they have made a switch since you published your article? Thank you
I too am a newcomer and also signed up with Coinbase thinking it wasgoed a wallet. Based on your response to Tony above, and that Coinbase controls the private keys, how then do I obtain my private key for the transactions I made? Would I get the private key(s) once I buy a wallet? And are they still considered “private”? I did receive a subjugation key. Is that the same thing spil a private key??
Thank you for your time!!
Oh yes, the subjugation key is a Coinbase thing and not related to your privkey. And all wallets besides hardware wallets are free. Electrum.org is the official webpagina.
I followed your advice and opened an Electrum wallet. Spil your webpagina states, it is a bit tricky to know how to transfer from Coinbase exchange to the Electrum wallet spil Electrum is not spil user friendly spil other wallets, but more secure. I’m worried that I may lose my coins if not done correctly. I did research the transfer process, however most of the information wasgoed older and I didn’t want to chance it. Do you have a step-by-step guide to help mij with the transferring process?
Fine content Brian. It’s super helpful for beginners to understand the difference inbetween a wallet and an exchange. Too many bitcoin noobs have bot hacked by leaving their bitcoin te an exchange. Thanks for the postbode.