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Topic: How safe is it to store your bitcoins on a mobile phone? - page 7. (Read 7342 times)

legendary
Activity: 1442
Merit: 1008
I would install any wallet into the computer or use blockchain to store your main portfolio and i would just store at the cellphone some low ammount that wont be very risked to has ,several programs comes with malwares soo you may be risking loose your coins .
Yeah agree with this guy, store amount to spend daily only on your mobile wallet apps, I never feel secure stored 2 btc on my wallet for long term I've experienced it even nothing wrong it's still I feel insecure. No one knows yeah there is something evil installed on your phone and have ability to control over your money? Keep your most coin on pc / paper wallet.
hero member
Activity: 672
Merit: 500
I also back up the information of my wallet into my phone . Even it is there in my smart phone note (but still i hide it carefully). But i think as far as no one borrow or hand my phone it is safe enough. Moreover I locked my phone with difficult password.
legendary
Activity: 1456
Merit: 1081
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I go the exact opposite route that people are suggesting above.  I always want to use an android phone and it has to be rooted.  That's literally the only way that I can remove all of the company spyware, override invasive permissions, etc.  Ie, it's the only way that I can ensure that the software I'm running is not malicious.

I also only keep small amounts on mobile phones, the kind of amounts which are useful for buying a beer or a meal.  But as to security: if you don't have root, then you know that someone else does.  


My suggestion for better private key is printed, because it could be your phone is lost or get stolen.
But if you don't have too many btc, blockchain android wallet is safe enough to store all of your bitcoin.

Seems like you weren't around or weren't paying attention when the blockchain wallet was losing everyone's bitcoins by using random.org as a source of entropy and not checking the http status of the reply before hashing the page.  Literally, I think you just recommended the one android wallet with the biggest known security problems to date.  Good job.
legendary
Activity: 1554
Merit: 1054
It isn't entirely safe to store bitcoins in your phone wallet. The risks are higher than storing it in a cold storage.
I assume you are always connected to the internet with your phone. Hackers are relentless when it comes to spying phone details and your wallet information isn't an exception.
hero member
Activity: 826
Merit: 1000
My suggestion for better private key is printed, because it could be your phone is lost or get stolen.
But if you don't have too many btc, blockchain android wallet is safe enough to store all of your bitcoin.
sr. member
Activity: 462
Merit: 250
I honestly think its very safe to but them on a mobile phone, you just have to be very good with your phone security.
Always be secure to put you wallets on a safe wallet...
full member
Activity: 176
Merit: 100
Probably not the safest thing. Like others have said, cold storage is best. Mobile is a big target these days, so unless you develop a system...
legendary
Activity: 3038
Merit: 4418
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If I backup the keys onto my phone's sdcard, don't other apps have temporary access to that file before I delete it? I'm using a Micromax phone and I'm concerned that the phone contains pre-installed malware.

Is it better to just move the money to a wallet on my PC?
Using a mobile wallet is no more different than using it on a PC when done right. Android does have reasonable security compared to Windows which is the major operating system that most people uses. It is possible for a service provider or even the manufacturer to pre-install malware onto your devices; most can install whatever apps they want.

I would recommend getting an open source rom that is well tested flashed if you want the maximum security possible. Open sourcing the rom does reduce the possibility of having malware on the device. Having a good security means that you must not install apps that aren't trusted by you personally.

Due to the portability of mobile phones, it is very possible for one to misplace or get their phone stolen. However, the loss would not be significant if you backup the seeds and use a pin code to unlock the wallet and/or device.
legendary
Activity: 1120
Merit: 1000
so far just use online wallet the blockchain either in desktop or my android, and it's prety easy to use it on my smartphone, but dont recommend any android wallet to store high volome, as for me i use android wallet only for spendable amounts
full member
Activity: 228
Merit: 100
I would install any wallet into the computer or use blockchain to store your main portfolio and i would just store at the cellphone some low ammount that wont be very risked to has ,several programs comes with malwares soo you may be risking loose your coins .
hero member
Activity: 1498
Merit: 502
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I only keep small amounts on Mycelium and I have very few apps installed, just some apps like Firefox and VLC, but I think they're pretty safe.
Don't think it would be wise to keep coins on a phone ordered from certain Chinese manufacturers and malware can also come from apps installed from the Play Store.

You are right. malware can came from apps. and one important thing do not save passwords in your browsers. specially in mobile browser. as you said you have firefox.. less apps on mobile can also safe you from malwares.
hero member
Activity: 1764
Merit: 505
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I could say it is safe and it really matters on how the owner use his wallet and if he is lame enough and log in phising site well he can really victimize by hackers, and either wallet or pc both are them is safe they have there securities featured and it cannot break easily.
legendary
Activity: 2310
Merit: 1422
For everyday use I think I trust my android wallet very much. It's an HD wallet with a seed that can recover my funds on any device.
For storing safely BTC holdings probably it's not the best solution and to do that I will go for cold storage.
legendary
Activity: 3234
Merit: 1214
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Don't do it, is the answer. A few years ago, people kept getting their coins stolen from their blockchain.info, and in every case they were using a mobile app to access the coins. Desktop users were perfectly safe.

Desktop as well mobile wallets give higher security. I believe Blockchain app in phone is highly secure and also gives ease of access in transaction than desktop as you can use the mobile phone to transfer bitcoin when you suddenly saw a shop accepting bitcoin for their services.
sr. member
Activity: 336
Merit: 250
I would not recommend it because if your phone breaks or you lose it or something else happens to it then you have just lost your phone and your Bitcoins.
You could have used those Bitcoins to buy you a new phone if you do not save it on the phone.
legendary
Activity: 1652
Merit: 1088
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Don't do it, is the answer. A few years ago, people kept getting their coins stolen from their blockchain.info, and in every case they were using a mobile app to access the coins. Desktop users were perfectly safe.
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
I dont really trust any phone or pc enough for longish term storage of btc, even though I have got away with just that in the past.

now I keep a little on my phone for spending using mycelium, but paper wallets and trezor are the go to solutions for main storage needs.

BTW rooted phones would be far less secure than stock, all else being equal.
legendary
Activity: 3010
Merit: 1028
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As Quickseller said, Android operating systems are fairly open source and can get rooted/jailbreaked. iPhones are a better option than Android in this particular sense, even though you're basically putting your BTC in the hands of the Apple company. And there are a lot of hacks/leaks originated from Apple.

Also your phone would be connected to internet most of the time, which makes it prone to hackers and attacks.

A much better idea would be a completely offline storage option, like paper wallets or hardware wallets. Paper wallets are probably the best.
this one the obvious reason,i'm really doubt about android's security especially with a product from phone provider which don't that good on security,to be honest i'm doubtful with micromax,even samsung,those phones can be easily installed a malware through browser if it'd ever been rooted,
and the most important thing, you can lost your phone easily from getting robbed or stolen, lose your phone = lose your money too,so i would prefer desktop
legendary
Activity: 1792
Merit: 1283
I only keep small amounts on Mycelium and I have very few apps installed, just some apps like Firefox and VLC, but I think they're pretty safe.
Don't think it would be wise to keep coins on a phone ordered from certain Chinese manufacturers and malware can also come from apps installed from the Play Store.
sr. member
Activity: 350
Merit: 251
Shit, did I leave the stove on?
It's not safe to store the bulk of your Bitcoins on a mobile device like your phone that is constantly connected to the Internet. And there is a chance that you may lose it somewhere or it could get stolen and if you have made a backup of your private keys or mnemonic words in the phone's memory or on the microsd card you are basically putting the key to your money in the hands of strangers. I would recommend printing out a paper wallet and use that as a cold storage for your main Bitcoin stash.
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