What Are iOS Crypto Wallets?
As the name implies, they are iOS-based mobile applications designed to help store cryptocurrency. The only difference between these applications and the generic mobile wallets is that they are only compatible with iOS devices. Therefore, they are a secure platform, which helps crypto practitioners to secure private keys on iOS devices, albeit with encryptions necessary to obfuscate private keys from unauthorized entities.
Simply put, with an iOS crypto wallet, you can store crypto on your iPhone or iPad, which has the added benefit of allowing you access your funds instantaneously. Apart from instant access to your crypto stash, there are other benefits of using iOS wallets. Likewise, you should note that there are also inherent risks associated with this model of wallets.
What Are the Benefits of Using iOS Crypto Wallets?
As mentioned earlier, the core advantage of adopting an iOS wallet is that it provides accessibility to one’s crypto holdings. You can simply click the app to verify your identity and access different tools made available for the tracking and transacting cryptocurrency. Needless to say, this functionality is the major reason why mobile wallets are becoming quite popular.
Another benefit centers on its capacity to elude certain types of attacks, especially phishing schemes prevalent with web-based wallets. In other words, it helps crypto practitioners evade threats associated with entrusting the security of their private keys to web wallets. Note that hackers can clone legitimate web wallets in the hope that unsuspecting individuals will submit sensitive information required to access their digital assets. Hence, the onus falls on users to always verify the authenticity of the addresses of web wallets before entering login details. However, for iOS wallet users, this is not the case. They only need to download an app from a trusted source instead of worrying about verifying crypto sites whenever they want to utilize their wallets.
Furthermore, using an iOS mobile wallet entails crypto holders to download an application on the Appstore. Since Apple often scrutinizes the apps listed on its mobile marketplace, it is rare to fall victim to scammers that use fake apps to lure people into disclosing sensitive information regarding their crypto holdings.
What Are the Downsides of Adopting An iOS Wallet?
Similar to what we have come to know of other models of wallets, an iOS wallet has its downsides. For one, users might permanently lose access to their crypto holdings when they misplace their devices. Considering that the wallet is embedded on mobile phones, a damaged or lost phone could cause users to panic, especially if they do not have a way of recovering lost wallets. And in cases where users lose their devices to experienced hackers, there is no guarantee that they will still have access to the content of the wallet once reactivated on another device.
How Can Users Circumvent These Risks?
To mitigate the risk mentioned above, iOS wallet users must ensure that their devices do not fall into the hands of malicious entities or anyone they do not trust. Also, it is imperative to only adopt wallets availing recovery processes for lost wallets. When you opt for a wallet that provides a recovery phrase, you can rest assured that it is possible to recover your funds if you lose or damage your iOS device.
Likewise, we suggest that you take extra care if your iOS has already been jailbroken. Note that jailbreaking an Apple device gives you access to restricted third-party apps and strips you of Apple’s regulatory framework governing the Appstore. Hence, you ought to verify the authenticity of the wallet app you are about to download and ensure that it is not linked to a fraudulent scheme.
You can also ensure the safety of your holdings while utilizing an iOS wallet app by adopting it as a secondary crypto storage system. It is advisable to opt for a hardware wallet as the primary storage facility where you hold a large fraction of your crypto holdings. And if you must use a mobile wallet to supplement this, you should only store an inconsequential sum of crypto on your iOS wallet to mitigate the risk of losing all your funds to a single attack.
Lastly, there is no harm in taking the time to ascertain that the wallet you are looking to adopt is one of the best iOS wallets in the market. To verify the viability of an iOS wallet, you ought to research its security system, among other things. Seeing that researching wallets entails several factors, we have decided to discuss some of the recommendations that would help you prove the efficacy of the iOS wallet you are considering.
What Are the Factors to Consider When Researching the Viability of iOS Wallet Apps?
The Jurisdictions Where the Wallet Service Is Available
The first factor that you should consider before kickstarting your research is the jurisdiction that the iOS wallet app you are considering supports. You have no business adopting a wallet service that is not available to people based in your home country. Note that a wallet provider might decide not to provide services to people domiciled in your country if crypto is considered illegal in your jurisdiction. Likewise, it is possible that the service provider is yet to implement a scalable wallet infrastructure good enough to adapt to a global market. Regardless of the reason for avoiding your jurisdiction, there is no use in researching a platform that you might eventually not have access to. It is when you have ascertained that the iOS wallet you are considering caters to your location that you should go ahead to research its efficacy.
The Number of Cryptocurrencies It Supports
We can assume that crypto enthusiasts are particular about finding the best iOS crypto wallet. Also, we are aware that some readers prefer wallets solely designed to store just one type of cryptocurrency. On the other hand, some believe that multi-coin wallets with a bitcoin storage system are the ideal choice. Hence, you must identify your preference and ensure that the support system of the iOS wallet app under review aligns with it. If you plan on owning bitcoin alone, then a wallet strictly designed for this purpose will do. However, crypto holders hoping to create a diversified portfolio should opt for more flexible wallets, which have successfully established infrastructures compatible with multiple coins, including bitcoin. If you fall under the latter category, we will suggest that you verify that the wallet has the necessary technology to provide support for diverse cryptocurrencies without foregoing security. Also, you should check that the platform supports all of your favorite coins.
The Security System of the iOS Crypto Wallet
Security is another important detail that you should consider. We suggest that you take the time to ascertain that the wallet under review has implemented the standard security measures applicable to the mobile wallet market. One such measure is premium encryption protocols that hide your activities and sensitive information from malicious or unauthorized entities. Another feature that your wallet provider must offer is two-factor authentication. With this feature, you can enable a second layer of an identity authentication process that would eliminate the risks of losing your digital asset to entities that might have stolen your identity.
The Reputation of the iOS Crypto Wallet Provider
Reputation is an important criterion for identifying the credibility of a service provider in the crypto space. Hence, we strongly advise that you go the extra mile to verify that the iOS wallet providers on your radar have commendable track records. Here, you ought to check for hints that might suggest that the service provider has no links to a fraudulent project or individual. To carry out this investigation, you should research the team managing the wallet you are considering. Similarly, it is advisable to ensure that the iOS wallet has never experienced a security breach.
The Customer Support Culture of the iOS Crypto Wallet
Needless to say, you have every reason to ensure that the platform you are planning to entrust your funds to has the appropriate customer support system to help you resolve any issue that you might encounter while setting up or using the wallet. Hence, it is important to analyze the customer support infrastructure made available on wallet apps and the official crypto websites of the platform. The first thing you should check is the availability of customer support services in your local language. Note that a platform claiming to offer services to people from different jurisdiction ought to provide feedback mechanisms that support multiple languages. Furthermore, the iOS wallet provider must offer 24/7 customer support services with a wide array of communication channels.
Beginner-Friendliness and User Experience
Depending on your level of expertise on crypto technology and its related technologies, you might want to opt for an iOS wallet that is easy to use. This assertion is more potent for new entrants who are yet to fully grasp the fundamentals of crypto technology. For people under this category, they should settle for an iOS wallet that has simple to use features and uncomplicated user interfaces. It is a plus if the wallet comes with tutorial materials on how to access and enable different functions of its systems.
Additional Features Available on The iOS Wallet
Mobile wallets providers are increasingly looking for new ways to improve the viability of their products. In light of this, it shouldn’t surprise you that crypto mobile wallets are providing services other than storing private keys. In some cases, these platforms have made their products compatible with hardware wallets, which is impressive. With this functionality, you can connect your wallet via Bluetooth or cable and execute or transact crypto instantly. Likewise, some wallets offer multi-device synchronization features, which is ideal for people who want to access their mobile wallet on two or more iOS devices. Then, there are wallets with inbuilt crypto exchanges that fast-track the process of swapping cryptocurrencies. It is advisable to ensure that the extra features accessible on the iOS wallet of your choice improve your crypto activities.
How Did Cryptolinks Compile Its List of The Best iOS Wallets?
Having listed the recommendations for choosing a viable iOS wallet, we at Cryptolinks have gone the extra mile to put these factors into work. We have listed platforms that have shown beyond doubt that they have the infrastructures necessary to provide quality wallet services for iOS devices. To achieve this milestone, we adopted an organic research methodology entailing a rigorous analysis of iOS wallet services.
Thus, we analyzed the global reach of iOS wallets. Our review favored platforms, which have successfully launched services available to people from various jurisdictions and regions. Next, we assessed the quality of support provided to the cryptocurrencies the platform claims its supports. Thereafter, we explored the security features of each reviewed iOS wallet and determined its efficacy. Here, we ascertained that the security measures of each platform were in line with market standards, which include the implementation of premium encryption and multi-factor authentication systems.
Furthermore, we examined the reputation of the iOS wallets and picked those with commendable track records. Also, we assessed the customer support systems of each. In this review section, we emphasized the importance of flexible and multiple communication channels with 24/7 support services. Then, we ensured that the iOS wallets mentioned on our website had incorporated designs that improved user experience. Lastly, we reviewed additional features found on the iOS wallets and how critical they are to users’ activities.
In the end, we found 30 iOS wallets viable enough to feature on our list of the best iOS wallets. As always, we suggest that you take the time to read their reviews before deciding on which is the best iPhone crypto wallet..