bitWallet™ — Bitcoin Wallet Review
bitWallet™ — Bitcoin Wallet
bitWallet is a wallet which is only available for iOS. It is compatible with the iPhone, iPad, and iPod touch. The wallet is developed by Sollico Software corporation. Users private keys are stored on the device. The wallet enables users to send, receive, and store supported cryptocurrencies. Wallets can be created for Bitcoin, Bitcoin Cash, and Litecoin. bitWallet integrates with iCloud to back up your wallet in case your device is lost or stolen. The backup to the iCloud is encrypted.
Users can create hierarchical deterministic wallets. Users can also create paper wallets to keep their funds in cold storage for an increased level of security. Users also have several features they can apply for a hot wallet when connected to the internet. Users can set up notifications for incoming transactions. Users can also create a watchlist of addresses which are of interest to them. Users can also check prices of Bitcoin from all exchanges in multiple currencies. The wallet is free to use and only the normal miner network fees apply to transactions. The data is pulled from Blockchain.info but can be verified against other sources.
The data on the wallet is encrypted using AES-256 encryption. Users decrypt the wallet via their password but if the password is lost, there is no way to recover funds. Private key still remains encrypted even when the password is entered. Overall, the wallet has good reviews from users and one of its key advantages is the high level of encryption applied.