Cryptocurrencies have taken the world by storm over the past few years. And now, besides regular investors, financial institutions have become interested in these digital currencies.
Leaders of tech companies like Apple and Microsoft have all expressed interest in cryptos. Apple’s CEO, Tim Cook, for example, has even admitted to having a diversified investment portfolio that contains various cryptocurrencies.
However, Apple itself does not offer any cryptocurrency products or services. While the company does allow crypto wallet apps to be listed on the App store, mining apps are prohibited.
So, if you’re looking for an Apple-endorsed crypto wallet or in-house token, you’ll probably be disappointed.
Fortunately, a variety of wallet options are available in the market if you are using an Apple device. The best crypto wallets for your Apple device depend on which services they support and how secure they are.
If you’re short on time, here are my six recommended crypto wallets best used with Apple devices.
- Breadwallet – BRD mobile wallet
- Edge wallet for iOS
- Jaxx blockchain wallet
- Mycelium bitcoin wallet
- Trust wallet
1. Breadwallet (BRD Wallet)
Breadwallet is a popular Bitcoin wallet for iOS. Besides Bitcoin, the wallet supports other tokens such as Ethereum, Bitcoin Cash, Ripple, and its own in-house token, BRD.
As a non-custodial wallet, Breadwallet stores all of your personal data and private keys locally. This means you control all of your coins 100% of the time, making it much safer to use than a custodial wallet.
The wallet features a simple UI with excellent data hierarchy and straightforward navigation. It is optimized for mobile devices, making it easy to manage my portfolio when I’m on my iPhone.
2. Edge wallet for iOS
Edge wallet offers users a straightforward method to securely store their cryptocurrencies on iOS. The app also supports multi-coin storage, with Bitcoin and Ethereum being its two primary currencies. You can click here to find more details about this and other iOS wallets.
Other cryptocurrencies compatible with the wallet are Binance Coin (BNB), Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), and more than 100 others. All of these can be purchased through ShapeShift integration within the app itself.
When it comes to security, Edge wallet definitely delivers on its promises. This is because it stores all of the user’s private keys on the device’s secure enclave, which is protected by Apple’s Touch ID fingerprint scanner and Secure Enclave Processor.
3. Jaxx Liberty
Jaxx is a multi-platform cryptocurrency wallet that supports 13 cryptocurrencies, including Bitcoin, Ethereum, and other mainstream altcoins. It is available on devices running iOS and macOS.
And on a side note, it’s also available as a Google Chrome extension for those who prefer to keep their blockchain wallet in their browser.
Jaxx’s interface is simple enough to use even by complete beginners in the field of cryptocurrencies. It also offers more advanced features, such as HD (hierarchical deterministic) wallet support, which allows you to create a unique address for every transaction. This feature is handy for those who value anonymity.
4. Mycelium Bitcoin Wallet
Mycelium is one of the more secure Bitcoin and Ethereum wallets around. For one thing, the wallet is often praised for its variety of top security features.
As a non-custodial wallet, Mycelium does not store any private keys on its servers (like Coinbase), so your money remains safe even if the company goes out of business or gets hacked.
More importantly, the company behind Mycelium—a mobile Bitcoin wallet—has been around for more than ten years now. The platform has 2 million users worldwide, according to its website stats page (from February 2019).
Although, Mycelium uses BIP44/BIP39 when generating new addresses for user accounts instead of SegWit addresses, which means that you won’t be able to use this wallet together with other wallets that only support SegWit addresses, such as Trezor Wallet or Electrum Wallet, etcetera.
5. Trust Wallet
Trust Wallet is a mobile Ethereum wallet that allows you to store and manage your Ether, ERC-20 tokens, and Ethereum-based crypto collectibles. It has been developed by the team behind MyEtherWallet, originally launched in 2015 as a free open-source client-side interface for generating Ethereum wallets and interacting with their blockchain.
It is an open-source, self-hosted digital wallet that allows users to interact with any cryptocurrency on its platform. Trust Wallet can be downloaded from Apple’s App Store like any other app, but it doesn’t need an internet connection to function once it has been installed on your device(s).
The significant advantage of using Trust Wallet is that all the transactions are processed locally, so they don’t rely on third parties like Coinbase or Gemini (the only two companies currently offering US dollar trading pairs).
To make this possible, Trust requires users to create an account by downloading their software onto their computer or phone first before sending/receiving funds through them — a process similar to how Bitcoin Core works today except for Ethereum instead!
Cryptocurrencies are highly volatile. As cryptos are traded 24/7 in an unregulated environment, their valuations can change suddenly with little-to-no warning. So only invest what you’re prepared to lose and always do your own research before committing.
Some governments outlaw cryptocurrencies. Given the decentralized nature of digital currencies, it is extremely easy for users to shift around large quantities of money discreetly. Because of this, cryptos can be outlawed for use in some countries or not recognized as legal tender.
So if you intend to pay for a transaction using cryptocurrencies, check with the local authorities to ensure that you’re not breaking any laws.
The 5 recommended wallets above are the best available at this time. However, it is critical to remember that these are not the only options available for storing cryptocurrencies on Apple devices.
There are many other mobile wallets available which can be used with iOS devices, and some of them may suit your needs better than the ones listed above.
It’s important also to note that none of these apps work on old versions of Android OS, so make sure you update before downloading any of them (or else they will not work).