The long story short: Apple has always been skeptical about the blockchain realm, probably seeing it as a potential threat to the authority of the Big Tech companies. Now the tech giant has decided to pick faults in crypto wallet apps. The Trust Wallet iOS app has become “temporarily unavailable” for new installations and updates as the service put it in its recent tweet.
Where Did Trust Wallet Go Wrong?
Trust Wallet is a non-custodial crypto wallet with an in-built Web3 browser. It supports both Ethereum- and Bitcoin-based tokens and is quite popular with NFT collectors. The wallet also provides exchange services via third parties which have probably played a role of a red rag to Apple. As specified in the App Store Guidelines 3.1, only in-app purchases are allowed and cryptocurrency transactions can be facilitated only by the exchange itself. It would be logical to assume that other wallets using third-party exchange services may also fall victim to iOS outages. In fact, Trust Wallet is not the only one that got banned. Atomic Wallet also reported some problems with its iOS app several months ago, and it seems to be still unavailable.
Meanwhile, this occurrence is likely to dent trust in Trust Wallet. It’s such a sad wordplay. The service will look for a way out and settle on a compromise with Apple. Maybe, it will have to get rid of exchange services as such which will drive away from the users who need fiat-to-crypto exchanges in their wallets.
What Are the Alternatives?
To avoid an unpleasant surprise of a crypto wallet app being unavailable, it would be reasonable to use a service that offers comprehensive solutions. Therefore, you should choose a wallet that integrates an exchange platform that meets Apple’s requirements. Here are some of such wallets:
1. NOW Wallet
NOW Wallet has been developed by ChangeNOW, an exchange and processing platform that has much to offer to its users. It is a great example of a comprehensive solution. The platform’s primary activity is exchange operations, but it also facilitates token airdrops, provides crypto loans, and gives access to full Nodes and blockbook Explorers. ChangeNOW clients can swap almost 400 cryptos and 60 fiat currencies.
NOW Wallet can be used on Android and iOS devices. It integrates storage and exchange functions, so its users can keep their private keys, swap tokens, or buy and sell crypto. Besides, the wallet is a good solution for keeping NFTs as it supports ERC-721 and ERC-1155 NFT token standards.
2. Huobi Wallet
Huobi Global is one of the biggest cryptocurrency exchanges with its daily trade turnover of over $4 billion. It handles both crypto-to-crypto and fiat-to-crypto swaps while providing access to spot and futures markets. The choice of available assets includes 348 cryptocurrencies and 57 fiat currencies. The in-house wallet of Huobi is available as an Android and iOS app. It supports twenty wallet types including BTC, ETH, HECO, DOGE, and more. Also, the wallet functionalities allow for managing ERC721 NFTs.
3. eToro Money Wallet
eToroX is a crypto exchange operated by eToro, a multi-asset investment platform. eToroX provides access to over 30 digital assets as well as 17 tokenized fiat and commodity stablecoins developed in-house by eToroX Labs. Besides exchange operations, eToroX offers API services and a credit program for spot trading.
eToro Money is a wallet for storing crypto assets and exchanging them to fiat money in one app. It can be used on Android and iOS devices. Wallets of three types are available: XRP, XLM, and ETH.
4. Gemini Wallet
Gemini, a regulated cryptocurrency exchange, offers a secure wallet infrastructure that supports about 70 cryptocurrencies. All users’ funds are protected with the industry’s most advanced security and protection systems. Despite being a custodian wallet, the wallet offers theft protection backed by world-class underwriters. Among its drawbacks is its expensive fee structure and limited selection of supported cryptocurrencies.
5. Gate.io’s Wallet
Wallet.io, another multi-currency crypto wallet owned by crypto exchange Gate.io. It supports hundreds of mainstream coins, such as all tokens on the EOS network, all ERC-20 tokens on the Ethereum network, all QRC-20 tokens on the QTUM network, and all NEP-5 tokens on the NEO network. Private keys are stored on the platform using high-intensity encryption, and neither the platform nor the user can access them. Non-custodial wallets, however, are widely considered a better option. There’s a popular saying in the crypto community: “Not your keys, not your coins.”
Bottom Line
Any disruption in the work of crypto software is like a wake-up call to its users. Security is a thorny issue as no one would want to lose control of their funds. For that reason, non-custodial crypto wallets can prove to be a preferable solution. Besides, the Trust Wallet case has demonstrated that the Big Tech companies may take on the role of harsh monopolists and roadblock smooth operation of apps justifying such moves with a break of their guidelines. Specifically, if you need to store and exchange your digital assets in one app, make sure both these services are provided by one developer. Throughout this article, we have presented five wallets that may serve as a viable alternative to the Trust Wallet iOS, which is currently unavailable in the App Store.