On-boarding the average Joe into bitcoin is one of the most difficult aspects of the bitcoin adoption phase. Not only are people lost trying to understanding what bitcoin it is, they don’t know how or where to purchase bitcoin. Getting started with that first bitcoin investment is a bit of a question mark for most. Should they use Coinbase, Gemini, Kraken, or any of the other numerous exchanges available? Plus, the exchange you’re legally allowed to use is location dependent. For example, a resident of the United States can’t use Bitstamp, and a resident of NY state can only use Coinbase, Gemini, and Bittrex. Each exchange has their own set of geographic locations they provide service for. Once you dive in, you realize it’s a little more complicated than just signing on a website, creating an account, and pressing ‘buy’.
A great solution for the mainstream user that wants to easily purchase bitcoin is Cash App. Already, it’s one of the most popular money transfer apps that competes with the likes of Venmo and Zelle. Cash App was created by Square, the company that allows credit card payments through mobile devices. The CEO of Square is Jack Dorsey who is also the co-founder and CEO of Twitter. Jack Dorsey(@jack) has become a champion of bitcoin over the years after accepting and passing the lightning torch. He’s also been tweeting out positions that show his dedication to bitcoin along with appearing on a number of podcasts. The Stephan Livera Podcast and Tales From The Crypt have had him on as guest – picking his brain about the future of bitcoin and integration of bitcoin with Twitter, Cash App, and the lightning network.
Cash App was launched in 2009 and since then, it has been the quickest way for users to send and receive money on the go. Buying Bitcoin on Cash App is also a breeze, and this makes the app appealing to both crypto enthusiasts and others who just want an easy way of transferring money. While storing your funds on a hardware wallet like we said is the best choice in terms of safety and security, it doesn’t mean you should empty out your Cash App. Look at your Ledger hardware wallet as your bank account, and your Cash App as your physical wallet.
Bitcoin transactions in Cash App started as an experiment in late 2017. At the time, it excluded certain states from buying bitcoin such as New York, Hawaii, Wyoming, and Georgia. Since then, it has expanded to all 50 states. Take note that buying and selling bitcoin in Cash App is not yet available outside of the U.S.A. (as of this writing). Look for that to change in the coming years as acceptance of bitcoin becomes more widespread and regulatory hurdles have been cleared.
Is Cash App A Bitcoin Wallet
Cash App is available on iOS and Android. The user experience in Cash App is silky smooth. You can tell it’s the product of a mature company that’s well versed in mobile UI/UX design. The bitcoin features provided by Cash App include buying, selling, and withdrawing to an address. They will even send a 1099-B form by February 15 of the following year(if you sold bitcoin) to make tax reporting easier. To purchase bitcoin on Cash App you’ll need to go through a KYC/AML process – not ideal for the most privacy conscious users. Remember that Square, Inc is a publicly traded company and compliance is a high priority for them. They are providing an ease-of-use service and the trade-off is your personal information. Most other exchanges require users to go through a KYC/AML process as well.
When making a bitcoin purchase you’ll pay a small transaction fee and possibly another fee depending on market activity. You can find more information about fees here. Fees help cover the cost of the transaction fee if you choose to withdraw the bitcoin to a personal wallet. This abstraction keeps the UI simple – the user only needs to see how much they buy, sell, or withdraw. Withdrawal will require you to take a photo of a government issued ID – another part of their KYC/AML process. However, you are not required to withdraw bitcoin on Cash App. Leaving it in the Cash App wallet provides the convenience of being able to sell it at will. Keep in mind there is always an inherent risk letting others manage your bitcoin private keys.
The accessibility of bitcoin through Cash App is second to none. While Coinbase can compete in the ease-of-use department, they’ve had some question marks regarding how they handle user data after they acquired an analytics company with ties to an info-tech company known as Hacking Team. So far, Cash App and Square are doing things the right way – and they only have bitcoin available to buy and sell. But at the end of the day, they are a publicly traded company and answer to investors. We simply don’t know what direction they might take in the future. Hopefully, that future includes lightning network and the ability to manage your own private keys for bitcoin transactions. Cash App could also have a few surprises we might not see coming. This is a company that has the desire to be on the cutting edge of innovation and it understands the value proposition of Bitcoin. If you don’t have bitcoin, and you want to purchase some easily, you’d be doing yourself a disservice by not checking out Cash App.
Bitcoin is considered to be the first decentralized digital currency. The cryptocurrency works anonymously without a central repository. It has the peer-to-peer network, and the transactions are done with the use of cryptography. Recently, it’s getting a lot of attention from media due mainly to its rapid rise. If you are one of those folks who want to embrace this cryptocurrency, we have compiled the best bitcoin wallet apps for iPhone and iPad to help you use the decentralized currency with the desired flair.
Apart from letting you send and receive bitcoins easily, these top bitcoin wallet apps for iOS assist you in providing much-needed protection to your private keys. Jump over to explore them and let us know which one perfectly meets your needs:
Best iPhone and iPad Bitcoin Wallets in 2020
#1. Blockchain
With more than 17 million users, Blockchain is one of the most popular bitcoin wallet apps for iOS. It allows you to store your funds securely and easily send and receive bitcoin with anyone. There is a security center to ensure your funds have the essential protection from unauthorized access.
The two-factor authentication offers an additional layer of safeguard to your account. It provides the more convenient way of backup and recovery of your data. What’s more, Blockchain supports over 25 languages and more than 20 currency conversion rates.
Price: Free
Download
#2. Bread
What I like most in “Bread” is the intuitive user-interface. Sending and receiving money is a breeze with this app. You can easily monitor your transactions and have maximum control over your private keys.
With the industry-standard encryption, it offers required safeguard to your data. Lastly, Bread has the support of several languages like English, Danish, Dutch, French, German, Italian and more.
Price: Free
Download
#3. BitPay
The feature that sets BitPay apart is the option to instantly turn bitcoin into dollars with the BitPay Visa Card. Another feature that makes it an ideal app is the ability to let you spend and manage BitPay Visa Card with complete privacy and security.
The open-source wallet feature multi-signature system offers an additional shield to transactions. It allows you to buy Amazon gift cards as well. More significantly, BitPay is compatible with over 150 currency pricing options as well as the unit denomination in BTC.
Price: Free
Download
#4. Bitcoin Wallet
Bitcoin Wallet is feature-rich and works reliably in letting you easily send and receive bitcoin with anyone. It also allows you to sell and buy bitcoin for your local currency. With the multi-signature technology, it offers an essential safeguard to the transaction.
This open-source wallet is compatible with both Segwit Bitcoin (BTC) and Bitcoin Cash (BCH). Moreover, Bitcoin Wallet supports number of languages like English, Spanish, French, Italian, Polish, German, Japanese, Chinese, Russian, and Portuguese.
Price: Free
Download
#5. OKEx – Bitcoin,Cryptocurrency
Touted to be an all-in-one cryptocurrency app with over 20 million users, OKEx promises to be a worthy contender for your choice. The app offers real-time quotes along with interactive charts to keep you in sync with the latest happenings. As a result, you can make informed decisions.
Further, OKEx comes with a good set of tools to let you manage your account. Based on your needs, you can also personalize the app to keep everything organized. What’s more, it even offers 24/7 global support to help you sort out any confusion.
Price: Free
Download
#6. Mycelium Bitcoin Wallet
If you want to have absolute control over your private keys, “Mycelium Bitcoin Wallet” would be a better option. The app lets you send and receive Bitcoins with ease. You can easily keep a tab on your account and manage it.
It provides a fast connection to the Bitcoin network through the supernodes. Additionally, it also works other bitcoin services like Trezor and KeepKey and supports two languages: English, German.
Price: Free
Download
#7. Copay
The real essence of Copay lies in the ability to provide you greater control over your private key and offer industry-standard security to your transaction.
This open-source bitcoin wallet from BitPay comes with multi-signature technology that guards against unauthorized payments by requiring multiple approvals. You can use this app to monitor your family expenses and allowances as well as manage your business, organization funds, and expenses.
The app has the support of more than 150 currency pricing options as well as the unit denomination in BTC. With emails and push notifications, it keeps you informed about each payment and transfer. Furthermore, Copay is compatible with many languages like French, German, Chinese (Simplified), and Spanish.
Price: Free
Download
#8. Airbitz
What stands out for Airbitz is the ability to offer trusted security and the desired convenience to control your private keys. The app provides your quick access to your funds and transaction data. You can easily keep a track on your transactions and be able to search them by payee, category, or notes.
Is Cash App A Bitcoin Wallet Reddit
It supports multiple fiat currencies, and you can assign currency per wallet. There is also a built-in converter for hassle-free conversions. You will also be to offer the needed shield to your account using two-factor authentication. Moreover, Airbitz supports multiple languages including English, Arabic, Chinese, French, German.
Price: Free
Download
#9. Bitcoin Wallet by Freewallet
Freewallet’s bitcoin wallet has you fully covered! From letting you securely store your coins in cold storage to import or export private keys, the app offers you all the needed features to trade currencies smartly.
Check out the latest bitcoin price and detailed charts to remain at pace with the fast-changing market. You can share your wallet address via Twitter, Facebook, email and other mediums. And yes, don’t fail to use the 2-factor authentication to offer more shield to your account. Additionally, this bitcoin wallet for iOS is compatible with multiple languages like Chinese, German, French, Spanish, Russian and more.
Price: Free
Download
#10. bitWallet
bitWallet is designed to be a super simple bitcoin wallet. Hence, anyone from a beginner to an expert can find it very helpful. The app securely stores bitcoin addresses along with their private keys. You can make multiple wallets having multiple Bitcoin addresses per wallet. It lets you create wallets for Bitcoin, Bitcoin Cash, and Litecoin.
There is also an option to print your wallet to store the Bitcoins offline. You can also make SegWit addresses for lower transaction fees. Even better, bitWallet allows you to create watch lists to keep a tab on some of the special addresses easily.
Price: Free
Download
That’s all, folks!
Your favorite?
So, these are our finest Bitcoin apps for iOS? Which one have you picked? Let us know its name and the features you have liked most about it.
Is Cash App A Btc Wallet
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The founder of iGeeksBlog, Dhvanesh, is an Apple aficionado, who cannot stand even a slight innuendo about Apple products. He dons the cap of editor-in-chief to make sure that articles match the quality standard before they are published.
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