how safe is bitcoin to use with phone - page 3.

Bobby park

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Activity: 546

Merit: 24

Quote from: thecodebear on December 04, 2017, 09:08:40 PM

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 am currently working through my mobile phone and I made accounts in bitcoin and ethereum in mobile app. But I trust bitcoin wallet since it is reliable by other people. Some said that it is not hackable because it is secured. In my country, coins.ph app is also reliable bitcoin wallet.

damrianto

full member

Activity: 336

Merit: 100

bitcoin is done with the phone. can make easy to connect with these traders should be done with a certain application with bitcoin bit. especially for mobile bitcoin services can be very useful for cash payment system.
this is very helpful ..

mypat3op

full member

Activity: 420

Merit: 100

This is my idea, the best wallet Bitcoin Wallet. Have your Bitcoins always with you, in your pocket! You pay by quickly scanning a QR-code. As a merchant, you receive payments reliably and instantly. Bitcoin Wallet is the first mobile Bitcoin app, and arguably also the most secure.

mypat3op

full member

Activity: 420

Merit: 100

This is my idea. Have your Bitcoins always with you, in your pocket! You pay by quickly scanning a QR-code. As a merchant, you receive payments reliably and instantly. Bitcoin Wallet is the first mobile Bitcoin app, and arguably also the most secure!

cryptonoob312

sr. member

Activity: 518

Merit: 250

It's maybe not that safe, but more convenient! I'd love to see new apps for iPhone that would let me pay wity my crypto

redhondaxrm125

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Activity: 266

Merit: 100

Quote from: thecodebear on December 04, 2017, 09:08:40 PM

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.

Clearly, when we talk about bitcoin(not just about bitcoin but also every other crypto currencies out there), we can say that it is both completely safe and very unsafe at the same time. Just think of it as another possession - if you do not know how to take care of it, it will be broken, or if you do not know how to keep it safe, you can really lose it and vice versa.

So it would be logical to only transfer just enough bitcoins and a little extra on a mobile wallet. Rather than trust all of your possessions in the hands of other people. Because there will always be exploitable flaws in any security.

Hope this helps clear thing out for ya, good day.

/GeertJohan

sr. member

Activity: 409

Merit: 250

We cannot say all wallets are safe in every time..

It based on the wallet.I think it is not a safe to holding more bitcoin into mobile.. because every applications will not avert from virus.. Some applications may cause some virus and your mobile may affect of them..I also agree some wallets are cozy to use and it prevent from online problems such as blockchain and so..

Android is safe to causing this problem..If you had android phone just you can hold some bitcoins only..But the most safest way to holding a bitcoin is the computer..because the system has antivirus format so we can clear it to anytime..

lite

legendary

Activity: 1400

Merit: 1009

Mycelium is the best mobile wallet i've used (and still using), it's secure and has easy interference, adjustable fees, hardware wallet support.

Dudeperfect

hero member

Activity: 1190

Merit: 534

If you are using Trezor hardware wallet then I don't think there is any issue even if there is a virus on your mobile device. However, when it comes to the use of web wallet's mobile version then it's as risky as using web wallets because of extreme secure environment, your database (of private keys) is still at risk on the server side hence it is recommended to maintain less than 5% to 10% of your overall funds to avoid huge loss in case of any accident/incident.

00BtcBuddy

newbie

Activity: 11

Merit: 0

Quote from: thecodebear on December 04, 2017, 09:08:40 PM

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.

Currently, I use an online wallet that also have a bitcoin exchange feature in it and also have an android/IOS version. It is originally just a payment app for billing and other business transactions. This wallet I used is secured are trusted by millions of people in our country.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote

Or will the future be having a hosted service where the company has control over your bitcoin

Wallets are not service providers so that they can control over your Bitcoin. Wallets are designed for Bitcoin users to store their Bitcoins.
There are many mobile wallets in the appstore and playstore where you can download the Bitcoin wallets from but be sure that the wallet you download is safe, secure and has the ability to support the future forks of Bitcoin. There are good wallets such as Mycelium and Electrum which have been performing well and supports most of the genuine forks.

378budiman

member

Activity: 299

Merit: 10

Mobile wallets and payment services will have their own way with security because they believe the phone will always be in user ownership. Therefore, it will not have a similar system and instead rely on other security measures like a 6-digit pin.While this is not entirely safe and easy to solve, then its service is the responsibility of the provider to set up enough security to protect user money if the phone is lost.

Samarkand

sr. member

Activity: 658

Merit: 282

I can highly recommend Samouraiwallet. In my opinion it is by far the
most secure and the best mobile wallet.

https://samouraiwallet.com

Two quotes from the founders:

Quote

We are privacy activists who have dedicated our lives to creating the
software that Silicon Valley will never build, the regulators will never allow,
and the VC's will never invest in. We build the software that Bitcoin deserves.

Quote

A modern bitcoin wallet hand forged to keep your transactions private, your identity masked, and your funds secure.

Currently Samouraiwallet is only available for Android. However, I would recommend using
an Android phone for Bitcoin-related dealings anyway. Apple phones may have a more beautiful design,
but the Android system is better in terms of security.

xDsoGood

member

Activity: 190

Merit: 11

I think its not safe because you might be hacked or something bad happen. There are so many good hackers nowadays that might hack and just steal stuffs and information you have

lighpulsar07

sr. member

Activity: 518

Merit: 271

well wallets like coinomi and mycelium are pretty safe because they don't control your wallet like mycelium that is connected to the bitcoin network directly and don't need an email address to access your wallet all you need is passphrase to recover your wallet in case you don't remember your password unlike coinbase that needs an email in order to sign in although 2fa is needed now in exchanges like coinbase but overall you safer in mobile.

Digitalbitcoin

hero member

Activity: 1568

Merit: 502

Its safe, but have to take appropriate preventive measures before using Bitcoin's wallet via phone. I would like to go more deep as these security measures are vary according to service provider. Holding Bitcoin will parallel wallets such as Blockchain coinbase and xapo gives facility to operate with any platform as desktop as well as app wallets. Using 2FA is must to access such wallets online via apps or web.

Keeping wallet back up safe along with private keys of your own wallet is also very important while taking preventive measures for keeping Bitcoins secure within your wallet.

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

Quote from: twinkledthomas on December 06, 2017, 08:51:10 AM

i am using mobile wallet. till now i am not experiencing any problem. now almost all mobiles are coming with fingerprint scanner. so ithink its safe. we can enable fingerprint also for security.

I like your idea.We just have to be extra careful in all transactions we are doing.Make sure that our private keys are secured by not allowing other people to use our android phones since there are big amounts of profit being kept in our own wallet.

okour999

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Activity: 393

Merit: 10

Decentralized Gaming Platform - Play & Earn $

go to coins.ph wallet account save your phone number, and verify it and do not say your password to others so you can secured your account.

cue

member

Activity: 65

Merit: 10

I think there's nothing really is safe for any investment. You just be cautious in everything you do in the internet.

Geoll29

member

Activity: 266

Merit: 10

It is safe just learn how to use 2fa codes in order for you to make sure that hackers cant access your data. Bitcoin is safe it just depends on your wallet.

Topic: how safe is bitcoin to use with phone - page 3. (Read 659 times)