The cryptocurrency market is the eighth biggest economy, exceeding a total market capitalization value of $1 trillion based on reports by EnterpriseAppsToday. For an economy that began a few decades ago, cryptocurrency has undoubtedly experienced immense growth, with Bitcoin spearheading this success. Bitcoin stands as the biggest player and the most popular cryptocurrency, with a total market value of over $740 billion.
Being one of the most traded cryptocurrencies, Bitcoin miners and enthusiasts are always searching for ways to safeguard their coins. For iPhone users trading Bitcoin, a wallet is an essential tool to conduct transactions and protect your private keys. But what cryptocurrency wallet should you choose among the many?
The need for a secure cryptocurrency wallet for your iPhone
Cryptocurrency wallets are similar to physical wallets that hold your funds before and after transactions and also safeguard your keys. A good Bitcoin wallet should offer the basic features required of a wallet, and these include security, scalability, speed, and ease of use. While these features may sound basic, many Bitcoin wallets designed for the iPhone fail to adhere to or acknowledge them, hence the need for a secure cryptocurrency (hot or cold) wallet that is mobile phone (iOS especially) ready.
iPhone-compatible Bitcoin wallets offer users flexibility and ease in accessing their cryptocurrency funds. Cryptocurrency transactions are much easier as users can carry out contactless payments on online and physical outlets securely with the user-centric wallet design.
5 Top Mobile Bitcoin Wallets of 2024 for iPhone
The following are some of the top mobile bitcoin wallets for iPhone gadgets:
PTPWallet
PTPWallet is a premier cryptocurrency market that allows Bitcoin holders to manage and store their digital assets seamlessly. The PTPWallet application software is designed with users in mind to ensure easy navigation and also supports different kinds of currencies, allowing Bitcoin holders to store their other assets.
This non-custodial wallet is a game changer as it supports over 400 cryptocurrencies, including popular altcoins like Ripple (XRP), Polygon (MATIC), and Ethereum (ETH), among others. PTPWallet ensures and maintains security by deploying several mechanisms like two-factor authentication, PIN code login options, and more. Since its launch in 2018, PTPWallet has never been hacked by external forces, unlike other cryptocurrency wallets in its league.
PTPWallet also offers multilingual support. In addition, this wallet has one of the lowest transaction fees in the crypto sphere, charging <0.99% per successful transaction. There are no additional chargeback fees, membership fees, or hidden maintenance fees that users are obliged to pay. The PTPWallet offers white-label services to interested businesses looking to include decentralized finance blockchain solutions into their existing business technology. PTPWallet has carried out over $60 million worth of transactions since its launch.
Trust Wallet
Trust Wallet is one of the pioneering non-custodial wallets that confers users’ full control of their private keys. This wallet supports 60+ blockchains and has 60+ million active users all around the world. In addition to supporting Bitcoin transactions, this wallet is home to popular memecoins and altcoins. With two clicks or less trust, Wallet users can easily connect to several dApps, enabling the users to earn passive income through staking or farming.
This wallet is also worth it with its built-in staking tool that supports different cryptocurrencies. Users can also access the Trust Wallet debit/credit card, which is a product between the partnership of Treatment Wallet and third-party processors. Trust et ensures the safety of the business with a PIN and backup passphrase.
One of the drawbacks of Trust Wallet is that it does not accept fiat payment directly, so those who wish to buy cryptocurrencies will have to go through a third-party agency called Simplex. In addition, the minimum deposit is $50, and Simplex transaction fees are high, ranging from 3.5% to 5%.
BitPay
Bitpay is a payment institution for transactions of Bitcoin and other altcoins into the preferred fiat currency of your choice. This financial solution allows its users to buy, swap, or even store cryptocurrency like Bitcoin and convert it into cash immediately. Users can also receive payments globally in crypto and even in fiat currency. The wallet is equipped with built-in software solutions for accounting and invoicing.
This solution is regulated in the United States and allows direct bank deposits. They uphold security by incorporating an optional multi-signature functionality that requires multiple signatures before a transaction is approved, protecting your assets from theft.
Coinbase
Coinbase is unarguably one of the most popular cryptocurrency platforms where users can buy, sell, and even manage their assets and NFTs. The software is available in over 100 countries and has over 100 million users. Coinbase has over 10,000 digital assets to choose from and is equipped for both beginners and advanced cryptocurrency traders. The user interface is designed with users in mind and does not require professional help to navigate.
Coinbase is categorized into Coinbase Wallet and Coinbase Pro, now known as Advanced Pro. The Coinbase wallet is ideal for beginners or users interested in an interactive trading platform. This wallet here is non-custodial, and users must keep their login details safe and readily accessible. This option is also perfect for users where “Coinbase.com” is unavailable. The advanced pro option provides advanced trading solutions for users. Users get access to more tools and security mechanisms to access real-time orders and also protect their assets, respectively. The advanced pro offers more market pairs, better staking rewards, and TradingView integration when compared to the regular Coinbase wallet. An impressive security feature is that Coinbase sends periodic emails whenever there is a change in asset price.
When it comes to the fee structure in Coinbase, users who identify as makers pay less than takers. Makers pay 0-0.5% of their transaction fees, while takers pay 0.05-0.06%. They also charge 1% on all crypto payment transactions. Despite their acclaimed high-grade security feature, Coinbase has experienced multiple hits from hacks where users lose as much as $2 million of their entire savings.
Exodus
Exodus is a multi-chain crypto wallet that supports 50+ blockchains and allows users to store their assets in one seamless wallet. While there are multiple versions of the Exodus software, Web Answers Mobile, users interested in advanced features can only enjoy them on the web version. Transferring your tokens on Exodus will cost you a fee, depending on the blockchain or network used. To enjoy in-app swapping, users will also pay a certain percentage, and this can sometimes be as high as 12%. This software also supports the in-app purchase of crypto using fiat currency through MoonPay.
