I believe easy of use should be accompanied by security. In order to drive adoption, crypto wallets should be designed in such a way that they can be appealing to first time users.
I think they should also know that hot wallet are not ideal to store a lot of money, as mentioned above. Would be nice if all hot wallets regardless on iPhone or Android give a notification that their app is not suitable for long-term storage in most cases. Since newbies probably won't start learning and just use the app + skipping some guides. 
Topic: Using wallet on iPhone (Read 506 times)
I believe easy of use should be accompanied by security. In order to drive adoption, crypto wallets should be designed in such a way that they can be appealing to first time users. I have used so many wallets in the past and for some, I had to uninstall them right after downloading. I have finally settled with Atomic Wallet because it supports multiple coins/tokens and it is non-custodial. I has one of the nicest UI with the latest having price charts for most of the assets.
Its still safe though as long as you put a password on it right? What about having the iphone lock password only or is that not enough?
Would you carry all the money (which you got in BTC on your mobile) with you in cash in your wallet?
If yes, then go for it. If not, then don't do it with BTC on a mobile wallet.
As TryNinja already mentioned, mobiles are usually more secure than windows computer.
But still, one shouldn't store large amounts of BTC on an network-connected device (regardless whether it is ios, android, linux or windows).
What wallet is best for leaving small amounts of btc on phone?
I use Blue wallet (iOS). It's open source, updated regularly, non custodial and even supports Lightning in case you ever want to play around with it.Are there ppl that have huge amounts of btc on their phone? Its still safe though as long as you put a password on it right? What about having the iphone lock password only or is that not enough?
I've seen people using their old phones as some kind of cold storage wallet. AFAIK, it makes sense considering that it's probably much easier to get a malware on your regular PC (specially if you are on Windows) than on your iPhone.However, if it's your day-by-day phone, you should just leave small amounts there for potential 'real life' transactions. If you lose it, there is no way to access it unless there are vulnerabilities to bypass the lock and/or jailbreak it, but that would also require physical access to the device and you can always move your coins to another wallet (assuming you have the backup seed, which you should) before anyone even thinks about accessing it.
And of course you should put a password on both the phone and the wallet. The more the better.
What wallet is best for leaving small amounts of btc on phone?
Are there ppl that have huge amounts of btc on their phone? Its still safe though as long as you put a password on it right? What about having the iphone lock password only or is that not enough?
Are there ppl that have huge amounts of btc on their phone? Its still safe though as long as you put a password on it right? What about having the iphone lock password only or is that not enough?
Unstoppable wallet works great on iPhone, easy to use, simple design. Plus it is non-custodial and open source.
www.unstoppable.money
www.unstoppable.money
And now this is getting interesting for apple users too
now you can muck about with coinjoins on your iOS device
https://twitter.com/nopara73/status/1305179841826820096?s=20 - there's a new co-ordinator
https://twitter.com/yegorpetr0v/status/1305155136151597057?s=20
more
https://twitter.com/StopAndDecrypt/status/1305252633658171402
https://twitter.com/chaincaseapp
https://twitter.com/yegorpetr0v/status/1305209095360741383?s=20
https://twitter.com/nopara73/status/1305179841826820096?s=20 - there's a new co-ordinator
https://twitter.com/yegorpetr0v/status/1305155136151597057?s=20
Quote
If you don’t have 0.1 #BTC or don’t want to use IOS app you can join Chaincase from your @wasabiwallet desktop and coinjoin 0.01
more
https://twitter.com/StopAndDecrypt/status/1305252633658171402
https://twitter.com/chaincaseapp
https://twitter.com/yegorpetr0v/status/1305209095360741383?s=20
The easiest wallet is associated with wallet which has the most friendly UI. I use Edge for Bitcoin, BRD for Ether and Ownr wallet for EOS.
Personally, I suggest the Coinomi app, it is easy to use, even though this isn't a full open-source Bitcoin wallet app but at least you have full control over your key.
Coinomi is a very bad app to suggest, for exactly the reasons everyone is saying above. Trust. If they're not fully open source, why should you trust them? Even if they give you your keys, what's to say there isn't something hidden in the code that exposes your key somehow? It's got to be fully open source. Electrum, for example. Even Bitamp (web wallet) I'd trust more!
Thanks for claryfing but, still, as you said I would never recommend any those. We are talking about closed-source wallets and that's enough for me to keep away from them. I know that, for average users, they are good enough: that's not the case for seasoned bitcoiners.
I agree, but they really shouldn't be seen as "good enough" for anybody. People who recommend storing your bitcoin on web wallets and exchanges because they are "simple" or "easy to use" are missing the point, I think. The whole point of bitcoin is to "be your own bank" and not trust anonymous third parties. Recommending newbies to use these wallets is giving them the wrong impression of bitcoin right from the outset. It teaches them that it is just like fiat, that you let someone else store your money, that you simply log on to their servers and tell them what you would like to do with your money, that they can lock your accounts if they don't like what you are doing, and so on.It teaches them to give over all responsibility for the safety of their coins to someone else. It teaches them not to bother learning what seed phrases are, or how to store them. It teaches them bad habits which become difficult to break.
Jerome is right. Although the Coinbase wallet is a standalone wallet, you still need to pick a username and register an account.
I wonder how people can use such wallets. That's ridiculous.
I would rather stay away from both coinomi and coinbase altogether for the reasons expressed by o_e_l_e_o. I am very careful not to trust any 3rd party to hold/control/govern my keys.
With both, coinomi and coinbase wallet, you are in control of your private keys. Not a 3rd party.
However, both of them should not be recommended at all.
Thanks for claryfing but, still, as you said I would never recommend any those. We are talking about closed-source wallets and that's enough for me to keep away from them. I know that, for average users, they are good enough: that's not the case for seasoned bitcoiners.
Jerome is right. Although the Coinbase wallet is a standalone wallet, you still need to pick a username and register an account.
I wonder how people can use such wallets. That's ridiculous.
I would rather stay away from both coinomi and coinbase altogether for the reasons expressed by o_e_l_e_o. I am very careful not to trust any 3rd party to hold/control/govern my keys.
With both, coinomi and coinbase wallet, you are in control of your private keys. Not a 3rd party.
However, both of them should not be recommended at all.
I would rather stay away from both coinomi and coinbase altogether for the reasons expressed by o_e_l_e_o. I am very careful not to trust any 3rd party to hold/control/govern my keys. In the past I did my mistakes and that was enough. But, as they say, it was my learning by doing time. And I learnt a lot.
Cold storage is the way.
Cold storage is the way.
they had a good reputation and I think keeping for a while there isn't a problem.
That's subjective. As far as I am concerned, Coinbase have a terrible reputation and I wouldn't trust them with a single one of my satoshis.Personally, I suggest the Coinomi app, it is easy to use, even though this isn't a full open-source Bitcoin wallet app but at least you have full control over your key.
A closed source wallet is barely better than a custodial wallet. You have no idea what is in the code, and people have lost funds to malicious code and updates before. Coinomi wallet was found to be sending users' seed phrases to Google server to be spellchecked, all unencrypted.As far as i am aware you do not have to create any account for the wallet application.
Since i am not a customer of coinbase and neither use their mobile application, i can't say that for sure. But there is no reason an account would be required.
I also don't get what you mean when saying one needs to transfer coins "into it from the noncustodial app"
Jerome is right. Although the Coinbase wallet is a standalone wallet, you still need to pick a username and register an account. I'm also sure he means that since it is a separate app, if you buy bitcoin on the Coinbase exchange app, you have to make a withdrawal transaction to transfer them in to the Coinbase wallet app. Since i am not a customer of coinbase and neither use their mobile application, i can't say that for sure. But there is no reason an account would be required.
I also don't get what you mean when saying one needs to transfer coins "into it from the noncustodial app"
2. The other where you can't buy bitcoins direct is noncustodial - https://apps.apple.com/us/app/coinbase-wallet/id1278383455 so you have to first create an account, back up your seed phrase and then transfer you bitcoins into it from the noncustodial app
As far as i am aware you do not have to create any account for the wallet application.
Since i am not a customer of coinbase and neither use their mobile application, i can't say that for sure. But there is no reason an account would be required.
I also don't get what you mean when saying one needs to transfer coins "into it from the noncustodial app"
What if I buy Bitcoing with Coinbase and keep them in my Coinbase account. Is that also a wallet? Are my Bitoin fractions safe with Coinbase? I was browsing this tutorial and it's unclear for me if Coinbase provides me a wallet or I have to use an external Bitcoin wallet if I use them? Would appreciate your help.
So far as of now, I consider using the Coinbase wallet is safe if you will store for a short period of time, they had a good reputation and I think keeping for a while there isn't a problem. Probably just a couple of the days, but beyond on that, I will not consider as a safe. For long term purposes, a hardware wallet is the best option. The suggestion above was right, those are free wallet if you don't like to purchase a hardware wallet. I have found this list while searching on google, this might help you upon looking at the best IOS Bitcoin wallet app. Best Bitcoin Wallets for iOS (iPhone, iPad).
Personally, I suggest the Coinomi app, it is easy to use, even though this isn't a full open-source Bitcoin wallet app but at least you have full control over your key.
What if I buy Bitcoing with Coinbase and keep them in my Coinbase account. Is that also a wallet? Are my Bitoin fractions safe with Coinbase? I was browsing this tutorial and it's unclear for me if Coinbase provides me a wallet or I have to use an external Bitcoin wallet if I use them? Would appreciate your help.
Be informed that Coinbase is a custodial wallet. They have control of your private keys and funds. In case something bad happens to coinbase like if they go offline or get shutdown, You won't have any private keys or back phrases to use to restore your addresses that have your money in another wallet like electrum. I would advise you that after buying your coins transfer them to addresses created from noncustodial wallets such as electrum (https://electrum.org).There is a coinbase wallet application which basically is a standard mobile wallet with less functionality.
Be advised that there are 2 coinbase apps1. One where you can buy bitcoin is custodial - https://apps.apple.com/us/app/coinbase-buy-sell-bitcoin/id886427730
2. The other where you can't buy bitcoins direct is noncustodial - https://apps.apple.com/us/app/coinbase-wallet/id1278383455 so you have to first create an account, back up your seed phrase and then transfer you bitcoins into it from the noncustodial app
What if I buy Bitcoing with Coinbase and keep them in my Coinbase account. Is that also a wallet?
No.
In that case, coinbase is in full control over the BTC and you can not send/use them at all.
They give you the right to withdraw that amount of BTC. If they lose the coins or want to lock you out, they are free to do so. You will be left with nothing.
Unless coinbase gives you the control of your private keys (which I doubt), you better use another wallet instead.
There is a coinbase wallet application which basically is a standard mobile wallet with less functionality.
What if I buy Bitcoing with Coinbase and keep them in my Coinbase account. Is that also a wallet? Are my Bitoin fractions safe with Coinbase? I was browsing this tutorial and it's unclear for me if Coinbase provides me a wallet or I have to use an external Bitcoin wallet if I use them? Would appreciate your help.
"Not your keys, not your coins."
Unless coinbase gives you the control of your private keys (which I doubt), you better use another wallet instead.
Yes you can use your coinbase account as a wallet but it is not recommended.
I'll recommend mobile wallets to store small amount of coins and should not be used as a cold wallet or for long term hold. Those wallets that was mentioned above has great reputations so I should recommend them too especially the rebrand of green address/wallet which is the blockstream green.
Except for this ones below, also jaxx, coinomi, and mycelium coz the development of their IOS is app was left behind than its android app, (ios app version 1.11 while android is version 2.12 already)
Except for this ones below, also jaxx, coinomi, and mycelium coz the development of their IOS is app was left behind than its android app, (ios app version 1.11 while android is version 2.12 already)
I don't recommend btc(dot)com or bitpay wallets. (do not use blockchain(dot)info too. Their security sucks)
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