5 Best Bitcoin Wallets for iPhone & Android
Bitcoin’s awareness and popularity continues to rise, it is becoming the most valued cyber asset. Where is the money stored though? In the world of cryptocurrencies, having a smartphone is useful as Bitcoins are stored in virtual wallets. However, you still need to be cautious as some Bitcoin phone wallets are vulnerable to hacking. So in this guide we will tell you the top 5 best Bitcoin wallets for iPhone and Android to look out for in 2018.
If you have been in the crypto world, then you must have heard of Bread. This is the consistently market leading mobile wallet favoured for iOS. This is the ideal app as it has the most secure security. This wallet does not have a server which means that it cannot be hacked or even go down. Additionally, this is linked to and connected to the Bitcoin network by using SPV node. The app is easy-to-use so beginners can get started right away; also, the app is extremely lightweight therefore, easier for the users on the phone. Moreover, the app suits the customer’s needs, such as security, easy-to-use, and cost efficient. Since, the cost is efficient, it won’t charge you anything extra for transactions and the app is free. This app will also allow making backups and restoring your wallet within the app, just in case your smartphone becomes inaccessible.
Blockchain offers a list of comprehensive functions and it is also considered to be the easiest to use Bitcoin wallet within the app store. The reason for this is because the free wallet is accessible to a varied range of devices, including iPhone and android. Additionally, the Blockchain functions over 140 countries and operates over 160,000 transactions daily. Another essential feature this wallet has is the security, this wallet is secure and safe as top security researchers have all failed trying to crack the security. Therefore, many people consider Blockchain to be safe for both secure bitcoin storage and fast transactions.
Coinbase launched in 2012, and now it is one of the most globally known Bitcoin wallets. The reason why it got so popular is from the incredible features it has, Coinbase operates like a bank meaning you access it wherever you go at any time for your device. In addition to that, Coinbase doesn’t just support Bitcoins it also supports other cryptocurrencies such as Ethereum, Bitcoin Cash, and Litecoin which can be used as an exchange, suggesting you can purchase Bitcoins using a fiat currency. Of course, Coinbase has security levels of a bank, it also gives you notifications of price alerts and price graphs for rare crypto-currencies.
Copay is more unique than the other wallets, as it comes with many features such as, multi-signature support, wallet backup and restore, push notifications, and device-based security. The app also allows the users to efficiently manage multiple Bitcoin wallets within the app, and with the multi-sig support feature, it will allow a group of people to manage the same wallet just like a joint bank account. This feature is considered to be safe since every person of the group needs to approve every transaction therefore making it impossible for someone to withdraw money without permission.
5. Edge (Formerly Airbitz)
Edge is dissimilar from the rest since it does not allow any third-party access. It doesn’t even let the company behind the wallet to access your money and data. Edge has a cool feature; it is still accessible even if the network shuts down because it is always connected to many public Bitcoin nodes. Additionally, Edge is very easy-to-use as they took it next level by making payments via Bluetooth. The security is considered to be top level and it has two-factor authentication also with automatic backups and recovery options.