The cryptocurrency trading revolution exploded more than ten years ago and led to an almost unprecedented economic and financial earthquake. As a result, people are learning to change their approach to payment and investment systems, pushing up the price of many cryptocurrencies. Such a rapid change has not gone unnoticed on the boards of the world's major central banks. In fact, in an increasing number of countries, central banks are working on launching centralized digital currencies, known as CBDC. This…
Cryptocurrencies have become increasingly lucrative, especially as investments. Individuals and companies turn to crypto and blockchain for various reasons, but taking care of the digital coins and tokens is becoming increasingly difficult.
Mobile wallets have increased in demand recently, especially for the people hoping to trade on the go. These wallets allow cryptocurrency owners to check in on their coins and tokens from time to time and trade from anywhere.
Some of the best crypto wallets for both Android and iOS devices include:
This wallet supports at least 125 coins and more than 300 tokens. It provides secure wallet encryption and guarantees its users complete control and safety over their funds. Additionally, its servers make its users’ IP addresses to make their location, and its decentralized nature protects their transaction data. It is open and transparent to help build trust and allows users to exchange altcoins within the wallet.
Coinomi was founded in 2014 as a user-friendly, safe, and transparent crypto wallet for Android and iOS users and desktop users. It is easy to download and set up and has most of the features one would be looking for in a mobile wallet.
This wallet was launched in 2014 and was formerly known as Airbitz Bitcoin Wallet. It is exclusively for mobile devices, specifically for iOS and Android users. Edge Wallet is compatible with at least 24 popular cryptocurrencies, including Bitcoin, Ethereum, Monero, Zcoin, Bitcoin Cash, and many more. It also allows users to store, trade, and buy dozens of currencies and exchange altcoins within.
This wallet also promises excellent security, with a feature that generates new addresses for each transaction, masking and anonymizing users on both ends. It also has end-to-end encryption, therefore, protecting users and their data during and after transactions. Users can also purchase coins within the wallet using fiat currency directly with credit cards.
Developed in 2015, this wallet offers excellent features for users who are just getting started with cryptocurrency. Its design is simple and user-friendly and promises that though it’s simple, it does not sacrifice security and privacy expected by advanced users. One of the pros of this wallet is that it does not require users to set up accounts and passwords. Instead, it generates 12-digit keys for one to access their wallets and coins from anywhere at any time. This also means that it does not collect customers’ information, thus ensuring anonymity and privacy during transactions.
Bread wallet is available for both Android and iOS devices and has an intuitive design perfect for beginners. It is primarily a Bitcoin wallet but supports bitcoin into other currencies like Ethereum and several ERC20 tokens.
This is an open-source wallet developed by Bitpay to provide secure and transparent storage for its users’ funds. All accounts for this wallet are multi-signature, meaning that a single account can support multiple users. This feature prevents unauthorized transactions and payment because it requires multiple approvals. Copay is available for both iOS and Android devices.
Copay has a feature that generates new addresses and wallet backups to protect the data of its users. All private keys are stored locally as opposed to the cloud to prevent hacking and interference. The in-app management and ability to create multiple wallets with one account are convenient to avoid multiple login credentials. It only allows users to store Bitcoin, but it provides pricing options for Bitcoin conversion into over 150 fiat currencies.
This wallet is available for Android and iOS devices and is free of charge requiring no logins and accounts. It was developed and launched in 2014 by the co-founder of Ethereum, and it supports the storage of more than 80 coins and tokens in one place. Jaxx is a popular wallet for cryptocurrency users because it is easy to navigate, speed, and features.
Jaxx wallet features include access to the user’s crypto portfolio, market and pricing information for cryptocurrency, and access to crypto news. Users can access their coin information, trade using multiple altcoins, exchange coins, and view their transaction data in one app.
There is increased demand for crypto wallets on the go, which has led to great inventions of mobile wallets. There are many more applications for cryptocurrency storage such as Coinspace, Green Address, and Bither, all of which are compatible with iOS and Android devices. The choice for crypto wallets is entirely dependent on what the user needs or is looking for. Some factors to consider are whether one is a beginner or advanced crypto user, the ease of using these wallets, and, most importantly, each app’s security. Either way, mobile crypto wallets are convenient, easily accessible, and easy to use for both new and experienced users.