Guides

The best Bitcoin wallets for iPhone

Whether you want to hold your own keys or enlist a little help, there’s an iOS Bitcoin wallet for everyone.

Shutterstock

A lot of people are getting into Bitcoin right now, and the learning curve is pretty steep all things considered. Maybe you just bought some Bitcoin on Coinbase, or maybe you’re dollar-cost-averaging like a champ.

But now you’re wondering: Where am I supposed to keep my Bitcoin? And for that you’re going to need a wallet.

Shutterstock

Before we get into which wallets are worth considering, let’s talk a little bit about Bitcoin custody. “Custody” refers to whether the keys to your funds are managed by you (non- or self-custodial) or a third party (custodial).

Shutterstock

To analogize briefly, custodial wallets are more like banks that manage, handle, and secure your funds, while non-custodial wallets are more like being your own bank, including all the security responsibilities.

For the purposes of this guide we’re going to focus on non-custodial wallets, though some have rather creative methods of making this easier for new-coiners.

Shutterstock

There’s an ongoing debate about whether “everyday Bitcoin users” should use custodial services or attempt self-custody, but in reality many people use custodial services sparingly, then mobile wallets for everyday money and cold wallets for long-term storage.

Shutterstock

Here are six mobile wallets to consider:

Shutterstock

BRD

BRD, formerly known as Bread, is a popular hot wallet (meaning it can receive and send currency) for beginners, and comes with a simple interface that allows you to both send and receive Bitcoin and Ethereum. BRD also makes all of its code open source to help allay concerns about potential security flaws.

Unlike other wallets, BRD will allow you to choose between fast (and expensive) and slow (and cheap) networking fees.

There aren’t many marks against BRD other than the fact it doesn’t support a ton of different coins, and there’s no compatibility with hardware wallets.

4.6 stars

With more than 10,500 reviews on the App Store.

BRD

BlueWallet

BlueWallet is a popular, feature-rich mobile wallet that supports Android and iOS.

BlueWallet has almost every feature you’d want, like support for hardware wallets, multi-sig, offline mode, Lightning wallets, and a truckload of other stuff.

If you’re a newbie and you think you might become a power user, give BlueWallet a try.

Shutterstock

4.4 stars

With 220 reviews on the App Store.

BlueWallet

Edge

Edge is a Bitcoin wallet that offers newbies a more guided experience. Instead of requiring users to memorize a seed phrase to access the key to their Bitcoin, Edge encrypts a user’s key on-device and stores it on a private server. The company claims its encryption prevents it from accessing user funds or seeing usernames and passwords.

You actually can get access to your seed phrase within Edge if you want to ever want to try recovering your funds in another wallet. This makes Edge a hybrid solution where the company is doing the custody of your keys, but in a way that you theoretically control.

An screenshot of the Edge app.

4.4 stars

With 742 reviews on the App Store.

Edge

Muun

Muun is a relatively new Bitcoin wallet for both iOS and Android that offers a few enticing features, like access to the Lightning Network which allows users to send Bitcoin to one another “off-chain.”

If transaction fees are a big factor in your search for the perfect wallet, Muun also uses its own mempool-based estimation software that claims to save users 30 percent more compared to the more common estimators based on Bitcoin.

“A mempool (a contraction of memory and pool) is a cryptocurrency node’s mechanism for storing information on unconfirmed transactions. It acts as a sort of waiting room for transactions that have not yet been included in a block.”

Binance Academy

Shutterstock

4.5 stars

With 25 reviews on the App Store, Muun doesn't have the most extensive track record, but it's still feature-rich and relatively new.

Muun

Blockstream Green

Blockstream Green is a wallet from blockchain company, Blockstream, and comes with a mix of features that make it accessible to beginners and more advanced users. On the security front, Blockstream Green also offers the ability to use Tor network for masking their IP address.

Blockstream Green offers a nice balance between beginner-friendliness and advanced options and features for power users.

3.9 stars

But only 90 reviews on the App Store.

Blockstream Green

ZenGo

ZenGo is a bit of a hybrid between a non-custodial and custodial wallet. Instead of only storing and encrypting keys on a user’s device, the company actually splits a user’s key between the device and its servers, making security less prone to a single point of failure. You can read more about the company’s “keyless wallet” tech here.

A screenshot of ZenGo’s interface.

4.6 stars

With more than 1,200 reviews on the App Store.

ZenGo

There are obviously many, many, more wallets to choose from, but these six should give you a good reference point for what’s out there and what types of features might be important to your crypto strategy. So, without further delay you may now finally get to the easy stuff like figuring out how to buy Bitcoin without losing your shirt.

Shutterstock

Share