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Topic: How safe is it to store your bitcoins on a mobile phone? - page 3. (Read 7337 times)

member
Activity: 106
Merit: 10
Store your bitcoins in online wallets, it is safe.
sr. member
Activity: 320
Merit: 250
I store my btc on my mobile phone too. But i only store like less than 1 btc because it is very danger. I mean that when phone got stolen or there is some virus, say good bye to my bitcoin.  Undecided
legendary
Activity: 1442
Merit: 1000
I keep between .10-.20 on my phone wallet and I think it
is safe.


That said I would never put a bunch of bitcoin on my phone.
The stress alone worrying about it wouldnt be worth it.
legendary
Activity: 1372
Merit: 1008
I prefer to use electrum wallet and also using blockchain.info. Electrum is based if you like to hold your coins for long term. You just have to save private key of the address you will use and also the recovery phrase they provide at start. Blockchain.info is very handy if you like to keep sending and receiving bitcoin everyday.
I wouldn't store most of your Bitcoins on blockchain if I were you, as that is quite dangerous.  Electrum is a good alternative to other online wallets though.
I think people have different tastes any vote for comfort in the transaction and there are choosing the security of a wallet.
some are storing bitcoin wallet phones.
I think it all depends on your desires if you feel comfortable using the wallet phone then you can make it to be safe
sr. member
Activity: 308
Merit: 250
for the moment wallet in the PC somewhat more secure. you just have to save your wallet as secure as possible. the important thing is secure your computer from viruses. do backup wallet at all times. securing your computer together with securing wallet.
yes i'm agree with that,maybe for security reason dekstop wallet is better than online wallet or mobile phone storage,but for easy used and carriying,its still matter for dekstop wallet,wecan't bring our PC anywhere. and also i think dekstop wallet should haved by people who really know about malware and virus or phising,becaue if not,newbie will easy to lost their bitcoin on dekstop wallet.
Mobile phone wallets are good only for mobility (hence, mobile) in which you can access easily anytime anywhere as long as you are connected to the internet, of course. However the risks are high.
Forgetting and losing your phone somewhere, snatched out of you, being bricked, hacked, spied, steal your information. It's fairly easy to do that when you're connected to the internet so only place in small amounts in phone wallet for small transactions and stuff.

Well i've got the blockchain app on my iphone and so far i am very happy with. Security is tight with a lot of security features. Not that I would store over 3 bitcoin on my phone, that's asking for problems if you ask me.
hero member
Activity: 2926
Merit: 640
for the moment wallet in the PC somewhat more secure. you just have to save your wallet as secure as possible. the important thing is secure your computer from viruses. do backup wallet at all times. securing your computer together with securing wallet.
yes i'm agree with that,maybe for security reason dekstop wallet is better than online wallet or mobile phone storage,but for easy used and carriying,its still matter for dekstop wallet,wecan't bring our PC anywhere. and also i think dekstop wallet should haved by people who really know about malware and virus or phising,becaue if not,newbie will easy to lost their bitcoin on dekstop wallet.
Mobile phone wallets are good only for mobility (hence, mobile) in which you can access easily anytime anywhere as long as you are connected to the internet, of course. However the risks are high.
Forgetting and losing your phone somewhere, snatched out of you, being bricked, hacked, spied, steal your information. It's fairly easy to do that when you're connected to the internet so only place in small amounts in phone wallet for small transactions and stuff.
hero member
Activity: 770
Merit: 500
Bazinga!
It's not safe to be honest. You carry your phone daily, so it's a daily possibility that you can forget where did you put your Bitcoins at.
If you have good encryption, then they should be safe even if you lose the phone, but of course, you lose the Bitcoins that are inside the phone. In general im too paranoid to carry Bitcoins in my phone.
I believe that it is pretty safe and I am sure that nothing will happen to those Bitcoins. But the only thing I am afraid of is when you lose your phone or it breaks or something.
Then you have just lost your phone and your Bitcoins.

the breaking or losing the phone is not the biggest concern here because you can easily make a backup.

this is a bad idea becaue a phone is something that you carry with yourself so you are carrying your bitcoin with yourself everywhere also it can connect to internet which is bad without any explanation.
sr. member
Activity: 350
Merit: 250
It's not safe to be honest. You carry your phone daily, so it's a daily possibility that you can forget where did you put your Bitcoins at.
If you have good encryption, then they should be safe even if you lose the phone, but of course, you lose the Bitcoins that are inside the phone. In general im too paranoid to carry Bitcoins in my phone.
I believe that it is pretty safe and I am sure that nothing will happen to those Bitcoins. But the only thing I am afraid of is when you lose your phone or it breaks or something.
Then you have just lost your phone and your Bitcoins.
It will be not the safest method that you can use but it will be safe and of course there is always a chance that you can be hacked or stolen or something so that is bad.
But the most safest way to store your Bitcoin is just at an online wallet and that is nice.
hero member
Activity: 546
Merit: 500
It's not safe to be honest. You carry your phone daily, so it's a daily possibility that you can forget where did you put your Bitcoins at.
If you have good encryption, then they should be safe even if you lose the phone, but of course, you lose the Bitcoins that are inside the phone. In general im too paranoid to carry Bitcoins in my phone.
I believe that it is pretty safe and I am sure that nothing will happen to those Bitcoins. But the only thing I am afraid of is when you lose your phone or it breaks or something.
Then you have just lost your phone and your Bitcoins.
Yeah I agree with you it is pretty safe to store it on your phone because your phone is something you always have with you and never loose out of sight.
But if you lose it you have a problem.
I thought about the same thing when you lose your phone you will lose your Bitcoins, losing both important things at once is not a good thing to happen.
So I recommend that you save them somewhere else.
sr. member
Activity: 476
Merit: 250
However store Bitcoins via pc it safer. You can secure the PC via Bitcoins in several ways such as storing the private key using a notepad. Also It's better if you keep it on the desktop wallet.
full member
Activity: 150
Merit: 100
Duuuhhh... It is on internet, isnt it? So it is safe.

Hope you dont keep your btc password on mobile, cuz thhere can be snooopers anywhere... Tongue
hero member
Activity: 602
Merit: 500
I think keeping bitcoin in your mobile is as safe as keeping them on your computer.In both case you must take some safeguards to prevent hacking/stealing your device
Logically its correct,basicly smartphone and computer have same scurity for bitcoin wallet,but we should considering about chance to losing our device or broken,mobile phone have more chance to lose or broken,its why people choose computer or dekstop wallet.
sr. member
Activity: 420
Merit: 250
It's not safe to be honest. You carry your phone daily, so it's a daily possibility that you can forget where did you put your Bitcoins at.
If you have good encryption, then they should be safe even if you lose the phone, but of course, you lose the Bitcoins that are inside the phone. In general im too paranoid to carry Bitcoins in my phone.
I believe that it is pretty safe and I am sure that nothing will happen to those Bitcoins. But the only thing I am afraid of is when you lose your phone or it breaks or something.
Then you have just lost your phone and your Bitcoins.
Yeah I agree with you it is pretty safe to store it on your phone because your phone is something you always have with you and never loose out of sight.
But if you lose it you have a problem.
legendary
Activity: 2688
Merit: 1026
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I think keeping bitcoin in your mobile is as safe as keeping them on your computer.In both case you must take some safeguards to prevent hacking/stealing your device
legendary
Activity: 3010
Merit: 1028
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Exactly what i thought of. If someone found out about how much money is stored your mobile phone after you lost it, you can say goodbye to it.
if you however just store few coins to it, its fine.

if the stealer don't even know the PIN number or the password, how dare he can access to whole bitcoin wallet in the phone?
a few wallet in the smartphone have a feature that can sync itself to the desktop wallet,so still can recover it when phone get lost
legendary
Activity: 2604
Merit: 1036
Always put a PIN on your mobile Bitcoin wallet so in the event that you lose your phone or someone steals it from you you will have enough time to log into another wallet and empty that Bitcoin address. Thieves nowadays will search through your installed apps for valuable accounts before selling the phone and any Bitcoin wallets apps will be a prime target.
copper member
Activity: 1442
Merit: 529
It's not safe to be honest. You carry your phone daily, so it's a daily possibility that you can forget where did you put your Bitcoins at.
If you have good encryption, then they should be safe even if you lose the phone, but of course, you lose the Bitcoins that are inside the phone. In general im too paranoid to carry Bitcoins in my phone.
I believe that it is pretty safe and I am sure that nothing will happen to those Bitcoins. But the only thing I am afraid of is when you lose your phone or it breaks or something.
Then you have just lost your phone and your Bitcoins.

Thats easily solvable, just use Mycelium wallet for Android phones, make sure you write down in a paper the backup code (seed words) and then put them on a safe USB in your pc. If you ever lose the phone, you just click restore and you have your bitcoins back even if you lost the phone, unless the phone was lost and is in the hand of a very knowledgeable person in the bitcoin area, he can get them before you.
legendary
Activity: 2282
Merit: 1041
Exactly what i thought of. If someone found out about how much money is stored your mobile phone after you lost it, you can say goodbye to it.
if you however just store few coins to it, its fine.
hero member
Activity: 616
Merit: 500
It's not safe to be honest. You carry your phone daily, so it's a daily possibility that you can forget where did you put your Bitcoins at.
If you have good encryption, then they should be safe even if you lose the phone, but of course, you lose the Bitcoins that are inside the phone. In general im too paranoid to carry Bitcoins in my phone.
I believe that it is pretty safe and I am sure that nothing will happen to those Bitcoins. But the only thing I am afraid of is when you lose your phone or it breaks or something.
Then you have just lost your phone and your Bitcoins.
legendary
Activity: 2912
Merit: 1068
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I agrre with the most people here - it is not safe to keep your coins on the phone. Ypu might lose it, or could be broken (some softvare errors), attacked with malware, especially because most of the people still don't protect their phones right. Also, it's good to use deffernet kind of wallets (desktop, cloud etc.) and not keep all the coins at one place. Especially if you have larger sum.
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