If you own cryptocurrencies and an iPhone (or iOS device), you have surely had problems finding secure crypto-wallets. The good news is we will be going over the top 5 best bitcoin wallets for Mac/Iphone/Ipad to use in 2020. It is well known that having the habit of storing cryptocurrencies on exchange websites is something totally discouraged. However, it is understandable that some users are forced to do so because they are not aware of the cryptocurrency wallets that are supported by iOS devices. For this reason, today, we want to present to you the best Cryptocurrency wallets for iOS devices.
Why Should Have a Crypto Wallet?
As bitcoin and other cryptocurrency systems are entirely decentralized, no entity or body controls them. That is why wallets play a crucial role in this ecosystem.
They are a piece of basic infrastructure that allows us to operate with cryptocurrencies. In them, we can see and consult our balances, in addition to the operations carried out and received.
They also allow us to manage our funds with absolute control over them. We do not need the permission or authorization of any third party to operate.
In addition to providing us with security and confidence to carry out our operations, wallets also allow us to sign transactions without the need for private keys to leave the device. When we make a shipment to a person, we transmit value in the form of a transaction.
Thus, we are transferring ownership of a certain amount of money to that person. For the network to confirm the transfer and the recipient can use the funds, a digital signature is required. In this way, it will be verified that whoever carries out the operation owns the funds and not a third party.
Our first best bitcoin wallet for Mac/Iphone/Ipad in 2020 is Coinbase. Coinbase is the biggest and most known cryptocurrency exchange platform in the United States. It is also one of the grandest exchanges in the world. As such, the wallet it offers is also among the best known and most popular.
Coinbase knows how to keep things simple for its users, and its cryptocurrency wallet is often regarded as the best overall web wallet.
It allows you to connect your wallet to your bank account, which simplifies the transfer of your funds. The wallet does not support a great diversity of cryptocurrencies, but it does support some of the grandest, such as Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
Its ease of use, efficiency, and constant availability are obviously its greatest strengths. But, as mentioned, wallets of this type are very vulnerable to attack and theft by hackers.
It is as safe as a web wallet can be
It is owned by a trusted exchange platform
It offers basic and advanced accounts to meet the needs of all users
It supports a small variety of cryptocurrencies, including Bitcoin
Being hosted on the web, it is very vulnerable to hacking.
The trading company presented the eToro wallet as a mobile application geared towards mobile users who need a wallet with advanced security features such as the multi-signature function. The wallet welcomes numerous cryptocurrencies, including Bitcoin, ETH, Litecoin, XRP, and many others.
The eToro wallet is multi-coin, which means that you can store several cryptocurrencies in one application. The eToro X wallet implements the advanced multi-signature feature, very useful when a guarantor is required for the economic transaction to be carried out.
The offering of cryptocurrencies supported by the eToro wallet is in line with many other digital currency wallets available.
The eToro wallet supports the bitcoin currency, supports the XRP cryptocurrency, and accepts the ETH cryptocurrency. There are 13 digital currencies supported, among which we again mention Cardano (ADA) coin and the digital currency Litecoin.
A portfolio created by a well-known international broker
Multi cryptocurrencies to store multiple digital currencies in a single application
Centralized private key
eToro is a general trading platform, not solely for cryptocurrency
Another one of the best bitcoin wallets for Mac/Iphone/Ipad in 2020 is Binance. Binance is the most used exchange globally and is considered the largest since 2018, with a trading volume usually around one billion euros a year.
In 2018 Binance bought the services of the electronic multi-tokens wallet Trust Wallet and its Exchange app that includes a wallet.
Thus, Binance has two wallets, one available within its Exchange designed for experienced traders who want to trade, and the Trust Wallet, which is much easier to use. Both wallets support not only BNB (Binance’s currency) but also Ethereum and more than 20,000 Ethereum-based tokens (ERC20, Are the Trust Wallet and Binance Wallet safe?)
Trust Wallet maintains high-security protocols. For example, when you access the app, you have to enter your password and, if you want to recover your wallet with a backup, you must provide 12 words (in order) of recovery known as “security seed.”
Keep these words in a safe place because the day you want to recover your wallet, they will ask you for them.
On the other hand, in the Binance Wallet, your funds are protected in its Safe Assets Fund for Users, which is an emergency insurance for extreme cases, your funds are kept in a separate cold wallet.
They also have the two-factor authentication offered by Google Authenticator. Only you will have access to your wallet, neither Binance nor Trust Wallet can enter.
Faster analysis and trading decisions
Larger access to the altcoins market
Easy to operate
Free for everyone and no hidden fees
They come in 11 languages
All transactions are anonymous
Compared to the desktop version, it has a limited chart and charting tools
Kraken is a Bitcoin wallet for iOS and Android that supports a large number of cryptocurrencies. That includes all EOS tokens, ERC-20 tokens, and even NEP-5 protocol tokens. And, of course, BTC.
As a mobile wallet, it is still vulnerable to hacking attacks, just like an online wallet. However, it has an advantage, which lies in the fact that you can turn off the internet for your device and turn it into a cold wallet.
Of course, this is not very practical if you need a phone to browse the web. But if you use one for your wallet, your security will be maximum.
Available in multiple languages;
Supports Android and iOS operating systems;
Supports a great diversity of cryptocurrencies;
Easy to use;
Transaction fees are paid to the miners, not the wallet.
Vulnerable due to constant internet access;
You can get hacked if your smartphone is lost or stolen;
The update brought several performance bugs.
Our final pick for the best bitcoin wallet for Mac/Iphone/Ipad in 2020 is Gemini. The platform for purchasing Bitcoin (and many other cryptocurrencies), Gemini is by far one of the most advanced and appreciated on the markets.
Gemini has a built-in crypto wallet for storing and trading cryptocurrencies. The blockchain-based wallet uses checksums to validate all your transactions and make sure they reach the correct destinations. You can also use your Gemini crypto wallet to check the price of the cryptocurrency against each other or USDT.
Gemini wallet supports lots of cryptocurrencies, including Bitcoin, Ethereum, some popular altcoins and, some new DeFi tokens.
When it comes to security, Its three main principles are: defend against external threats, guard against human error, and guard against the improper use of internal access. Gemini is one of the safer platforms out there.
It is as safe a cryptocurrency wallet can be
Accessible 24/7 worldwide on your device
Supports lots of cryptocurrencies
Many users complained about the app updates
Constant access to the internet makes it vulnerable
There is almost no better way to manage your cryptocurrency investment portfolio than using a mobile wallet. However, it is advisable to choose a wallet that accepts different currencies, which will help you diversify. If you enjoyed this list of the best bitcoin wallets for Mac/Iphone/Ipad in 2020 you can check out even more resources by clicking here.