To purchase or trade cryptocurrencies like Bitcoin, users need to get a wallet address. The wallet address allows them to control their digital currencies. In other words, to buy Crypto, users need hardware or an online wallet to store and trade their digital currencies. Specifically, Crypto wallets for iPhones come in various formats with each having its trading benefits, security concerns, and cons.
Nevertheless, as an iPhone user, ensure to safeguard your digital wallet’s password no matter the format or type of wallet you deploy. In the meantime, read on to see the top 5 Crypto wallets for iPhone 13.
What’s a Crypto Wallet?
A Crypto wallet operates like a conventional wallet that holds proof of digital cash rather than a paper currency. It stores the private and public keys needed to purchase Cryptos and offers digital signatures that authorize transactions.
A crypto wallet can be a program on apps, an online website, or a service given by crypto exchanges. Users need to secure the private key that permits them to unlock their crypto wallet to spend or trade cryptos. Crypto wallets are password-protected. Some provide other security functions like two-factor authentication and encryption.
For iPhone users with many crypto assets, using a hot wallet for fast buys or trading and a cold wallet to protect the crypto resources is highly recommended.
1. Binance US
Binance US, established in 2019, is the United State’s arm of Binance. It’s the biggest crypto exchange globally. Binance US provides the buy and sale of over 60 plus Cryptos like Ethereum, Bitcoin, Litecoin, and Bitcoin Cash.
The official wallet for Binance users is Trust Wallet. It’s a free app that allows people to store Cryptos. Though, users can use their preferred crypto wallets. Trust wallet offers users a simple and safe place to store their funds outside Binance. It has many good features to enhance users’ crypto experience.
- It’s Free to Use with No Hidden Charges
The Trust Wallet of Binance US is free to use with no hidden charges. You won’t pay any money to download the app.
- It’s Multi-asset
Trust Wallet supports over 40 blockchains. It has thousands of supported tokens and cryptos.
- It’s Decentralized
It’s a decentralized wallet. It allows iPhone users with Crypto assets to control their private keys and have freedom over their Cryptos.
- Trust Wallet is Secure and Private
Trust Wallet and Binance US respect user protection. It’s designed to keep users’ funds secure. It doesn’t take or store users’ personal data. User’s identities are safe.
- It’s not available in 7 states in America.
- It has $10 minimum trade fees.
- Often, the website can be hard to use.
BlockFi is another top Crypto wallet for iPhone 13. It’s a popular crypto wallet and exchange founded in 2017 in the US. It provides a Crypto exchange and interest-bearing accounts with low-interest rate loans globally. It has no transaction fees and hidden fees. BlockFi Interest Account is one of the few crypto storages that provides a competitive rate with several non-crypto account interest rates. Users can earn from 3% to 8.6% compound interest with a BlockFi Interest Account on their crypto holdings.
- It Offers Compound Interest
BlockFi lets its users earn compound interest on cryptos like Bitcoin, Ethereum, Litecoin, and USDT.
- It Keeps Crypto Deposits Safe
The wallet keeps crypto deposits safe. BlockFi’s crypto holding is held by a Gemini Trust firm regulated by the Department of Financial Services in the US.
- It’s Available Globally and Offers Easy Registration
The wallet is accessible worldwide, and it has a simple registration process. It’s a good option for people with moderate or starter digital level proficiency. It also provides direct ACH deposits.
- It has no custodial or joint accounts.
- The platform has limited free withdrawal from its interest accounts.
- Its savings is often not protected against bank failures.
Uphold, founded in 2015, is a top Crypto wallet that allows users to hold, buy, send, and receive various currencies with low fees. It’s available for iPhone 13 users.The platform has cards that can send and receive payments. The cards designate users’ holdings in different commodities and currencies like Bitcoin, Ethereum, and Litecoin. Each card lets users safely store and access their funds.
- It’s a Multi-asset
Uphold is a robust trading company for over 58 cryptos, 50 US stocks, 30 fiat currencies, and 4 precious metals. It provides services in more than 180 countries.
- User-friendly Interface
It has a user-friendly layout that makes it simple for traders to exchange currencies, store assets, and send funds worldwide.
- The Platform is Fast and Safe
It delivers quick transactions. And has a two-factor authentication feature that enables users to create an extra security procedure on their account apart from the basic password.
It’s also regulated by the US FinCEN. And it encrypts its user’s private keys to prevent hacking.
- Uphold transactions like withdrawal, deposit, and conversions come with fees.
- It doesn’t allow an operating anonymously option.
- The platform funding options aren’t all available globally.
Coinbase is one of the global leading crypto exchanges that provide wallet services via its Coinbase wallet. It has a Crypto wallet where iPhone users can store their crypto assets. Coinbase wallet is popular for its safety feature. Most crypto traders feel protected saving their digital assets on the Coinbase wallet since it’s incorporated with the Coinbase exchange. It’s a digital wallet that utilizes hot storage for cryptos. Since it’s a hot crypto wallet, it stores many crypto coins online.
- It’s Easy to Use
Coinbase wallet is designed well, and it has an easy-to-use interface. It’s compatible with main fiat currencies like the USD.
- It’s Highly Secure
It has multi-security features like two-factor authentication and four digit security pin. The wallet is protected by the “Secure Enclave system” that safely stores the user’s private keys.
- It Has Access to DeFi Innovations
It offers authorized access to DeFi innovations. Traders can purchase and store Ethereum tokens on the wallet while linking them to any DeFi project.
- Coinbase doesn’t have many different Cryptos.
- The wallet might store the private keys in another place.
- Presently, Coinbase wallet isn’t supporting Bitcoin storage.
eToro is a prominent trading firm for digital currencies, cryptos, commodities, stocks, and indexes. It has more than 7 million users globally. The platform has a mobile wallet for storing, sending, and trading Cryptos. The wallet, however, doesn’t offer users full control of their funds. It doesn’t have a private key or a unique seed phrase. Rather, it lets users log into their eToro accounts and send or trade currencies via it. Thus, it’s the eToro platform that stores users’ funds, not the actual wallet. Presently, the wallet supports Ethereum, Bitcoin, Litecoin, and Bitcoin Cash.
- It’s Simple to Use
The wallet has an easy interface. It offers quick transactions.
- It’s Highly Safe
eToro is one of the safest crypto wallets globally. It has top-notch security features to save users from unauthorized access.
It comes with DDoS protection, multi-signature facilities, and standardization protocols.
- It’s not a nice means to store huge amounts of funds.
- The wallet doesn’t offer users full control of their funds; it doesn’t come with a private key or a unique seed phrase.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
Crypto wallets provide users the additional security that their funds are secured. iPhone 13 users can choose any of the above-mentioned crypto wallets and ensure that the preferred wallet is suitable for their needs.