Topic: how safe is bitcoin to use with phone - page 2. (Read 670 times)
It actually depends, I think if you know well how to secure your btc wallet, and bitcoin on your phone actually has some vulnerabilities, instances where a hacker can easily detect addresses through phones, since a smart phone is not that smart, thats why be EXTRA CAREFUL when utilising phones as bitcoinvesting.
I don't find Bitcoin wallets intended for phones very secure when you compare them to desktop wallets. That's not because the ARM architecture is less secure than for example those used in PCs but because the way people use phones. Phones are nowadays used as portable computers that get connected everywhere to the internet, the combination of a wireless network adapter including their portable aspect makes them really vulnerable. Now you're thinking what's the difference with an online banking app on your phone? Well, the difference is that banks control how you're money flows so they have taken all sorts of safety measures to ensure that you're money can't get stolen easily. For instance, limit the amount you can send a day, ask for extra verification when making transactions to new recipients and also have insurance for these things. Online wallets can offer these safety measures too but I don't feel the same safety when using these, especially when the wallet company isn't registered.
Unless you have a back-up wallet, phones are not really advisable in keeping your coins. Backing up your wallet into other devices is possible, so just be ready in case you lose your phone.
you lost your phone you lost your bitcoin (except you are using apple phone) but I think it is very risk to use bitcoin on a phone.
It's safe to log in wifi free, not to the black web because there are many viruses, not click on the link unknown source because you may be eating malicious code into the phone causing data loss. , stolen 
I think connecting in some free wifi leads to malwares. I read some artcile in the intermet that says, sometimes free wifi's are malwares and connecting to them is dangerous. Thats why it is still safe to connect in secured wifi (if you know the password) or on your personal wifi's than connecting to those wifi you can see everywhere. Also dont just click websites or links that you can see in internet. Some of them are phising sites whcih may stole your accounts. Think before you click.
It could be not the best idea, becouse you use unsafe connection everyday, connecting to the wi-fi in public places. I'm also not sure that mobile operator grants you complete safety, so anyone can steal your data.
The only truly secure way to use bitcoin with most Android phones is Mycelium using Trezor with an OTG cable. Bread wallet for iPhone. I also like Samourai for Android, interesting features but I would not store a lot on it until they support Trezor.
Your bitcoin's safety all depends on you. If you are to store your investment in your phone, you should encrypt it, I believe most of the smartphone today have this option and there are apps as well. It is recommit is recommended to use multiple wallets; first is for sending bitcoins to, second is for receiving and third is for storing like in a vault (Offline/Cold wallet). Always check the URL of the sites you are going because phishing sites are lurking out there.
In our time, nowhere to feel safe. Hackers can penetrate everywhere. Therefore it is impossible to keep the coins in one place. No matter be it a smartphone or a computer. I don't trust smartphones. We are constantly setting there app and no one knows what hidden features this app may have. We can provide the hacker the ability to access our money.
for me the term safe also are may not been pointing out just like using phone for me it cant be say that it was been a safe for even you know the security of it but the way on how we can say safe is not been telling that even you hold all the security of it.
I really think that bitcoin is safe with or without internet. As long as you have access to your private keys then nobody can really touch your wallet which also comes with 2FA protection. In todays world everyone carries mobile banking application and they are also secured enough and we are using them daily basis. Then I don’t think there should be any question risen for the security of bitcoin for whom the very first principle was to open up the secured trisection portal and which we have it.
To be frank, there is problem with security only if we humans are carless about it. If keep our phones without password or do not take proper safety measures then how do you think that it will keep up the security and safety of your wallet. The first security steps starts from us not from he app itself. I think the complex measures that has given us today are sufficient to keep everything locked away.
To be frank, there is problem with security only if we humans are carless about it. If keep our phones without password or do not take proper safety measures then how do you think that it will keep up the security and safety of your wallet. The first security steps starts from us not from he app itself. I think the complex measures that has given us today are sufficient to keep everything locked away.
In our time, nowhere to feel safe. Hackers can penetrate everywhere. Therefore it is impossible to keep the coins in one place. No matter be it a smartphone or a computer. I don't trust smartphones. We are constantly setting there app and no one knows what hidden features this app may have. We can provide the hacker the ability to access our money.
Till now I have a old android phone so I don't use blockchain wallet on him , because android phone have weak security system and get last update 2 year ago. Before 2 month I get new iPhone so I was thinking to having blockchain wallet on it because iOS have more often security updates. But then ,there is still risk to getting malware by downloading application from store or even worst someone stole your phone and you forget to activate 2-factor authentication. So I think I won't have wallet on my phone.
I don't think using phone for bitcoin is risky. That's why most people prefer to store in hardware wallets like Trezor and ledger nano S
I myself always use telepone to open this site. I think for the security depends on the phone users, because i myself always lock my phone so it can't be used by others. But there is a serious problem when using the phone that is when we accidentally connect with different wifi and both use bitcoin and we enter through the same IP, then can make one of our account is banned. So for telpone users i suggest to be careful when using wifi.
So eventually bitcoin is gonna have to compete with credit cards and mobile payments. To do this people will need to have a bitcoin mobile app.
I know there are the lightweight wallet mobile apps. Are those any safe? Will those be the future. Or will the future be having a hosted service where the company has control over your bitcoin and you can just send them to pay with stuff with the mobile app? Like Square recent integration of Bitcoin.
I don't know what options are out there now. But it would seem to me that having a secure offline savings account coupled with a hosted mobile bitcoin service (checking account) for payments would make sense. I mean I guess obviously if you're making payments you can't have everything in cold storage so some compromises on security must be made.
I know there are the lightweight wallet mobile apps. Are those any safe? Will those be the future. Or will the future be having a hosted service where the company has control over your bitcoin and you can just send them to pay with stuff with the mobile app? Like Square recent integration of Bitcoin.
I don't know what options are out there now. But it would seem to me that having a secure offline savings account coupled with a hosted mobile bitcoin service (checking account) for payments would make sense. I mean I guess obviously if you're making payments you can't have everything in cold storage so some compromises on security must be made.
It not really depends of the phone but the network you getting internet from, let's say you'r at the mall using public connection, there you have high risk of getting hacked by someone.
I have a doubt if bitcoin safe by using cellphone. Just make a security pin so that no one can use your cellphone. And sometimes a virus in the so that all the files can be deleted. But some other say that is secured. Its not just that safe but its more convenient and its very helpful. We should trust bitcoin.
No mobile wallet came with 100% safety. All gazettes have their own advantages and disadvantages, We have to take care of our wallet and protect them from hackers. Hackers are always active. Always use bitcoin authorised mobile wallets. Do update your mobile`s firmware from time to time. Do install genuine antivirus and keep the spam protection on all the time. Do not click on any new link or open an unknown email. These email or links can be a trap from wallet hackers. Do not store your private key in your mobile. If you follow these security measures you will minimise the risk of getting hacked and your bitcoins will remain safe.
I am sure with the current advances in the web app and mobile app development it is completely secured to use these kind of apps. Im not technical guy but as far as I use the app like coinable, electrum etc they seems to be very easy to use for my daily needs. I mean can easily secure them with the password and plus I have added security of the mobile phone password itself. With that calculation we will have two to three security check to reach the money that we are storing in the app itself. However, there could be concerns regarding the use of it when we reach in the real market with increased use of the currency. The more the use the more connected we are and we might just get exposed to vulnerabilities. For now everything looks traditional and we might need upgrade in the future.
It's safe to log in wifi free, not to the black web because there are many viruses, not click on the link unknown source because you may be eating malicious code into the phone causing data loss. , stolen
Bitcoin wallets in phone is not very safe but the security level has been increased over the past years.Like they added 2-factor authentication so you need verification code to authenticate the transaction,so mobile wallets like blockchain is completely safe for storing small amount of bitcoins.I think coinbase wallet is not safe because many users reporting that unauthorized transaction happened in recent days so it is better to use blockchain wallet in mobile then your bitcoins are safe.
Jump to: