Singapore, March 24, 2022 (GLOBE NEWSWIRE) — In a world of increasingly interconnected services, it’s no surprise that sometimes things don’t go as planned – and yet they do. Following an outage that rendered most internal applications and systems unavailable on Monday March 21 and lasted approximately 3 hours, affecting users of no less than 15 different Apple services, as reported by Bloomberg, there have been reports and rumors that some crypto wallets have been removed from the App Store.
Trust Wallet, a 4.7-star rated crypto wallet app with a total of 166,379 reviews – take what you will – reported on its official release Twitter page and community webpage that the app became unavailable “March 21, 2022 at 1pm PST”, which appears to be the time of the outage reported by over 3,000 users on Descent detector.
BTC Wires, a leading online digital platform that provides information on crypto and blockchain technology, has looked into the possible reasons behind the Trust Wallet case and offered steps that crypto users can follow.
What was the reason?
It’s still unclear whether the events mentioned above are related, although the company behind Trust Wallet seems determined to assure its users that the issue will be resolved “in a timely manner”, and it has been confirmed that transactions work perfectly.
Another possible explanation for the sudden disappearance of the app from the store could be related to the App Store’s guidelines regarding the use of third-party payment services, which seems to be the caseat least for Trust Wallet, with the words:
“The app does not sell any crypto, you will be redirected to a third-party provider” hovering above its official community advertising crypto adventures just like those of Dante in the famous Italian comedy.
Apple would have limit using third-party payment integrations where there is no physical exchange of goods or services, adjusting their policies whenever required and/or pressured by law, such as is the case in the Netherlands and in South Korea. However, it is possible that this is the case around the issue with some wallets, nothing has been disclosed by Apple or any other company that would confirm this theory.
Are the other wallets in danger?
Nevertheless, many users of other wallets and wallet services integrated with exchange platforms have understandably been wary of the situation, which increases the proportion of information one needs to know before committing an amount of money. money to a service.
With that in mind, here are some options you can rely on to avoid this problem:
- NOW Wallet: Since the company behind the wallet is also behind the exchange, it does not depend on a third party to process payments, so it complies with App Store guidelines. The wallet supports almost 400 cryptocurrencies, about 60 fiat currencies and NFTs. Since he is not a custodian, the user has full control of private keys and funds. This wallet also has other advantages, such as its simplicity and simple application design, making the learning curve accessible to even the most tech-averse people.
- Coinbase Wallet: Coinbase is now a staple in the crypto market, and its Wallet product, unlike the usual Coinbase service, is a DEX, thus allowing crypto to be exchanged just like other DEXs. It supports all ERC-20 tokens (including USDC and DAI), BTC, BCH, LTC, XRP, XLM and DOGE. Since its inception, it has been known for its appeal to beginners and is well regarded by its users.
- eToro Money crypto wallet: Another great option for those who like stability. eToro, like Coinbase, has established itself in the crypto market as a reliable brokerage service and wallet. It is reliable, supports over 500 encryption pairs, and is secure. On the other hand, it might be too difficult for beginners.
- Gemini Wallet: If you are looking for something different, this might be what you are looking for. Gemini offers hot wallet insurance in case of a security breach or hack, which is an added bonus when it comes to money on the internet. There is good and bad in this portfolio. Some of the fees can be quite high, and you don’t get as many currency options (around 70 crypto assets) and they aren’t as variable as you would with other wallets. Despite this, it still has a reputation of being a reliable wallet.
- Ledger Live Wallet: Now, if you are looking for something more specialized, you might like Ledger Live. The wallet is powered by Ledger, the most trusted hardware wallet available, supports 1,800 coins and tokens, and uses advanced security features. The only downside is the lack of online customer support.
These are not the only alternatives, but they are currently among the most reliable. The ideal solution for you will largely depend on your crypto interests, and while the aforementioned wallets deal with a wide range of assets, you should always do your own research and see what best suits your needs. .
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