Short answer

For most users, iOS is marginally safer due to Apple's stricter app review and stronger system-level sandbox. Android offers more flexibility (sideloading, multiple app stores) but also more attack surface. For crypto holders specifically, the practical difference is small — the bigger security gap is "hot wallet on any phone" versus "hardware wallet for serious money." Either OS is fine if you only keep a small trading float on it.

The platform differences

iOS strengths. Strict App Store review catches more malicious wallet impersonators before they reach users. Sandboxing is more aggressive — one compromised app has a harder time reading another app's data. Secure Enclave hardware on iPhone 5s and later provides cryptographic isolation similar to a hardware wallet's secure element.

Android strengths. Larger selection of wallet apps. Easier integration with USB hardware wallets via OTG cable. F-Droid offers fully open-source wallet alternatives.

iOS weaknesses. Apple's developer-only sideloading rules until 2024 limited installation of niche wallets — though EU users now have App Store alternatives. iCloud Keychain syncing can replicate sensitive data across devices in ways some holders find concerning.

Android weaknesses. Sideloaded APKs are a steady source of malware. Google Play has a less strict review process than App Store; impersonator wallet apps slip through frequently. Older Android devices may lack hardware-backed key storage.

The malicious-app problem

Both stores periodically host fake versions of MetaMask, Trust Wallet, and other popular wallets. The fake app's icon and screenshots match the real one; the actual code captures your seed phrase during setup and exfiltrates to a remote server. Google Play sees more of these (more permissive review). App Store has caught fewer — but still has caught some.

Defense: install wallets only via the link on the official project website (metamask.io for MetaMask, trustwallet.com for Trust). Never via search results in the app store itself.

The "either is fine" conclusion

If you're keeping under $5K of crypto on a phone wallet for daily use, either OS is acceptable provided you install from official channels and use reasonable phone hygiene (system updates, screen-lock PIN, no rooting/jailbreaking). Above $5K, the question shifts to "hardware wallet, not phone wallet" — the OS becomes irrelevant.

Further reading: Hot wallet, Passkey.