About bitWallet for iOS

bitWallet is an iOS-exclusive wallet compatible with iPhone, iPad, and iPod touch. It is developed by Sollico Software Corporation. Users' private keys are securely stored on their device, ensuring control and ownership. The wallet supports the sending, receiving, and storage of cryptocurrencies, specifically Bitcoin, Bitcoin Cash, and Litecoin. bitWallet integrates with iCloud to offer wallet backup in case of a lost or stolen device, and these backups are encrypted for added security.

Key Features

bitWallet allows users to create hierarchical deterministic wallets and even paper wallets for cold storage, enhancing security options. For hot wallets connected to the internet, users can set up notifications for incoming transactions and create a watchlist of addresses of interest. Additionally, users can check Bitcoin prices from multiple exchanges in various currencies. The wallet is free to use, with only normal miner network fees applying to transactions. Data is sourced from Blockchain.info but can be cross-verified with other sources.

Security and Encryption

Data on the wallet is encrypted using AES-256 encryption. Users decrypt the wallet using their password. However, it's essential to note that if the password is lost, there is no way to recover funds. Importantly, even when the password is entered, the private key remains encrypted, ensuring a high level of security. Overall, bitWallet enjoys positive user reviews, with one of its key strengths being its robust encryption measures.