I've been hearing so many stories related to how people lost money even though they use a HW, claiming they never store their seed phrase online, and so on.
Take note that there is no method of security that is 100% foolproof, some people think that once they buy a hardware wallet they are 100% secure, but there are other things that's expected of you even if you have a hardware wallet. Some of the people you talk about may have exposed their seed phrase backup or they downloaded a fake wallet software. A hardware wallet truly provides better security than an online software wallet, but the users still have to ensure they have very good opsec and that they buy a recommended hardware wallet from the manufacturers, and not from any other source. 
Topic: Is Samsung blockchain wallet safe? (Read 393 times)
I've been hearing so many stories related to how people lost money even though they use a HW, claiming they never store their seed phrase online, and so on.
You actually read these stories from time to time. However, I consider it almost impossible that the private key could be extracted by an actual attack without access to the physical device. In this context, it is much more common to read that users have downloaded phishing software such as a fake Ledger Live and were asked to enter their mnemonic code: Ledger live was compromised for meEven the best hardware wallet won't help if the user falls for such attacks.
In principle, however, I agree with you: you have to be damn careful what you do and should never be lulled into a false sense of security, as this is guaranteed to backfire.
No, that can't lead to loss because I have safely saved my private keys. Even if I lose my smartphone, I have Electrum wallet hidden, I have a very strong password on it and I believe I'm able to recover my wallet quickly once I get home. I even have plan B.
-snip-
I don't know if I am lucky or not but I have never had any problem.
It is always better to be safe than sorry. I'm not sure what your plan B is, but I feel like being very sure nothing bad can happen because you are never visiting a strange website is a terrible idea. I've been hearing so many stories related to how people lost money even though they use a HW, claiming they never store their seed phrase online, and so on. Heck, who knows maybe you're drunk and accidentally click on a phishing website one day. It is always better to assume the worst thing can happen to you. I believe you're lucky to some extent, which is extremely helpful if you plan on improving your security practices. -snip-
I don't know if I am lucky or not but I have never had any problem.
I am 19 years old and I am living in south korea. I transfered all of my bitcoin from electrum to Samsung blockchain wallet.
They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
Currently, I transfered 0.00399 btc to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee every month and transfer to Samsung blockchain wallet.
They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
Currently, I transfered 0.00399 btc to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee every month and transfer to Samsung blockchain wallet.
Safe?
Samsung is a successful company in the electronics sector and its trademark is well known globally. Samsung also provides a blockchain wallet but what I think is that the blockchain wallet is not the main product that is their focus point so it is famous throughout the world.
You are from Korea. Based on where you live, for me you are the one who knows more about Samsung's actions regarding their blockchain wallet, not me or friends who don't live in Korea or a country close to you.
Analogy something because the level of popularity is not in all aspects. If Samsung is famous for its electronic products, then Electrum is famous for its greatness as a Bitcoin software wallet.
Samsung has tested time for its various electronic products so that it is recognized by the market. Electrum has also been tested as an open source Bitcoin wallet.
Moving Bitcoin from Electrum to Samsung Blockchain, I would not say it will be safe because Samsung does not put its main focus on the blockchain world.
Using that analogy, Adidas is also a popular company with excellent products, so if they released their crypto wallet, we should use that. Wrong. Adidas is an expert in a completely different industry and so is Samsung. Unless you experienced some difficulties with your Electrum wallet, I see no reason to jump from that to the Samsung wallet. Personally, I am not a fan of Electrum for mobile phones, but there is, for example, Blue Wallet that would be my choice. The Samsung wallet wouldn't even be on the list of considerations.
I have successfully stored up to 0.3 BTC for 4 years in my smartphone on Electrum wallet. I know this is not the smartest thing to do but I haven't lost my coins because I don't download any app and I don't visit any strange website.
Apart from this being a hot wallet and insecure, you are also storing your coins in a portable device which is not a good idea because it could be lost, stolen or even damaged (for example if it falls from your hand) and that could lead to loss too.Only a theft could put your funds at risk
That can't put me at risk unless I travel abroad. People rarely know about Bitcoin in my country. Since 2016-2017, nothing bad has happened till this day and I have read many horror stories here how some people lost their coins while they were super caring about it. I don't know if I am lucky or not but I have never had any problem. 
Currently, I transfered 0.00399 btc to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee every month and transfer to Samsung blockchain wallet.
As per my understanding the wallet is available on Samsung mobile phone. Considering the status of your wallet, I mean you handset is always connected to the internet then it is risky.
What you are tmasking about is a hot wallet and these kinds of wallets are prone to get hacked and thefts. Why? They get hacked because of the owners negligence, same applies for theft. I have nothing negative in my mind about the brand but it is risky
I feel that it is best to use a hardware or a software wallet that is non custodial and it not always connected to the internet. Hardware wallets are best if not then store your coins on a software wallet that is not connected to the internet.
For example use an old laptop or an android phone which you don't use. Install a software wallet like Trust wallet or any other and connect it to the internet when you need to do any transaction. Please insure you update the Android phone when needed.
To be honest, i think nothing beats owning and using a hardware wallet, something that is completely offline when not in use, since I am not using a Samsung device anymore, I've not used the Samsung blockchain wallet, and even though I believe that Samsung is a reputable company, it is still possible for such a wallet to be hacked and all your fund stolen, and this Samsung themselves doesn't have to necessarily do this, any body can gain access into your device, or could be that you download a malware app that infects your device and that begins to monitor every move you make on the device, when you open your Samsung blockchain wallet, they could capture all the details and later on, use that to hack the wallet and steal your money.
Samsung are not exactly blockchain or cryptography experts and they just pump out silicon product after silicon product - think phones, TVs, air conditioners, washers, fridges. so that is pretty much the last company you'd want to get a wallet from because they don't know anything about how to make a safe wallet. Whether it be software or hardware wallet.
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To be honest, i think nothing beats owning and using a hardware wallet, something that is completely offline when not in use, since I am not using a Samsung device anymore, I've not used the Samsung blockchain wallet, and even though I believe that Samsung is a reputable company, it is still possible for such a wallet to be hacked and all your fund stolen, and this Samsung themselves doesn't have to necessarily do this, any body can gain access into your device, or could be that you download a malware app that infects your device and that begins to monitor every move you make on the device, when you open your Samsung blockchain wallet, they could capture all the details and later on, use that to hack the wallet and steal your money.
The above can also apply to or for any software wallet which includes Electrum and the rest, so, if you know that you will be hodling a really large amount of bitcoin, then better spend a few bucks and get yourself a hardware wallet.
The above can also apply to or for any software wallet which includes Electrum and the rest, so, if you know that you will be hodling a really large amount of bitcoin, then better spend a few bucks and get yourself a hardware wallet.
I have successfully stored up to 0.3 BTC for 4 years in my smartphone on Electrum wallet. I know this is not the smartest thing to do but I haven't lost my coins because I don't download any app and I don't visit any strange website.
Since this is only my experience and I know I was probably lucky, I suggest you to use hardware wallet if you are looking for cold storage. Even if you will manage to keep your device secure, you have to consider accidental drops (never happened to me luckily in my life), theft, damage, software/hardware problems and etc... Just buy a good hardware wallet, secure your seed phrases and seriously take care of your security.
Accidental drops, damages, software/hardware issues and physical loss are not critical if you have safely stored your seed elsewhere, especially onto a non-digital medium like a simple sheet of paper for example. Only a theft could put your funds at risk, if you have no mean to access your back-up seed quickly. So I wonder why people are so scared they try to dissuade a random Korean(we are not talking about a poor guy from a poor third world country) to store 4 mbtc on a smartphone into a Smasung wallet. Bitcoin has no chance to be adopted one day if people need to be computer scientists and to have an airgapped computer along with another one in order to use it, sadly. Losing 3.9mbtc is sad but it's not the end of the world if it happens(which is very unlikely btw). Most of common bank apps are certainly way less safe than this app, and nobody cares about it. Unless you use it to store amounts of money you can't afford to lose, the only real concern I see for this kind of wallet is the privacy since Samsung company could be aware of the transactions one day. Since this is only my experience and I know I was probably lucky, I suggest you to use hardware wallet if you are looking for cold storage. Even if you will manage to keep your device secure, you have to consider accidental drops (never happened to me luckily in my life), theft, damage, software/hardware problems and etc... Just buy a good hardware wallet, secure your seed phrases and seriously take care of your security.
I have successfully stored up to 0.3 BTC for 4 years in my smartphone on Electrum wallet. I know this is not the smartest thing to do but I haven't lost my coins because I don't download any app and I don't visit any strange website.
Apart from this being a hot wallet and insecure, you are also storing your coins in a portable device which is not a good idea because it could be lost, stolen or even damaged (for example if it falls from your hand) and that could lead to loss too. 
I am 19 years old and I am living in south korea. I transfered all of my bitcoin from electrum to Samsung blockchain wallet.
They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
Currently, I transfered 0.00399 btc to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee every month and transfer to Samsung blockchain wallet.
Bro! I hope this is not a paid advert They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
Currently, I transfered 0.00399 btc to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee every month and transfer to Samsung blockchain wallet.
, are you asking us if it's secure and worth all your coin approval. The contents are persuasive and not a question but I will add this , if you are completely sure it's safe for you then keep it hoping you made alot of research that suit you to the perfect taste, if not do so to understand more but if you're still sure then go ahead 
Currently, I transfered 0.00399 btc to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee every month and transfer to Samsung blockchain wallet.
If you have transferred Bitcoin with the amount OP mentioned, it means OP has made a decision and OP thinks it is a good wallet.OP is late. It should be before transferring Bitcoin 0.00399 to the Samsung wallet, if the OP wants to find advice from users who are considered experts in this section, this topic was created before not after transferring.
Trust your Bitcoin storage wallet to truly tested wallet types such as Electrum, Bluewallet, and hardware wallets.
I'm a samsung user, but I don't really believe in samsung blockchain wallet.
When it's like this, I hope OP's assets are safe and nothing happens.
I am 19 years old and I am living in south korea. I transfered all of my bitcoin from electrum to Samsung blockchain wallet.
They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
Currently, I transfered 0.00399 btc to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee every month and transfer to Samsung blockchain wallet.
I have successfully stored up to 0.3 BTC for 4 years in my smartphone on Electrum wallet. I know this is not the smartest thing to do but I haven't lost my coins because I don't download any app and I don't visit any strange website.They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
Currently, I transfered 0.00399 btc to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee every month and transfer to Samsung blockchain wallet.
Since this is only my experience and I know I was probably lucky, I suggest you to use hardware wallet if you are looking for cold storage. Even if you will manage to keep your device secure, you have to consider accidental drops (never happened to me luckily in my life), theft, damage, software/hardware problems and etc... Just buy a good hardware wallet, secure your seed phrases and seriously take care of your security.
What do you Mean? I downloaded it from galaxy store and it is introduced in samsung's official website too.
The reason why we chose bitcoin was because we wanted to have control over our own money without needing a third party. Otherwise we would stick to banks and never bother with a volatile money that has very little adoption.To have that full control you need to know what the tool you use to create your keys, store your secrets, create transactions and sign them, sync your wallet, etc. actually does. That requires the tool/wallet to be 100% open source, transparent and popular enough so that it is reviewed and bug free.
You can't say that for Samsung Blockchain Wallet because it is closed source and relies on the centralized company that creates it and the centralized servers it uses to sync up. So not only you may not be completely secure but also you don't know how much access the company has to YOUR money!
Others are suggesting something like Electrum because it fits what I explained above. It is 100% open source so you can verify the code yourself and if you can't do that, you still know that because it is popular and has been around for about a decade it is reviewed by enough people to be considered safe.
So what if something is official?
You asked if it is safe, and no hot wallet is safe enough, especially if it's closed source like Samsung wallet.
It is ok if you want to use it as for buying rice and popcorns, but it should not be used for anything serious, especially when there are better open source alternatives.
Producers always say their products are good and safe to use because they have to shill their products to potential customers.You asked if it is safe, and no hot wallet is safe enough, especially if it's closed source like Samsung wallet.
It is ok if you want to use it as for buying rice and popcorns, but it should not be used for anything serious, especially when there are better open source alternatives.
Problems only appear with time and customers will be the ones who suffer from those issues. It is unrealistic to believe that those companies will always make compensation for their customers. It can be true with other things but in cryptocurrency industry, it is very hard to execute compensation when all money can be gone with a bug.
Additionally a hot wallet is not safe to store all bitcoin there. It is more vulnerable to hacks than cold wallets or multi sig wallets.
Recommended wallets
Quote
Wallet Basics:
Do not use wallets that don't give you recovery data; these wallets are likely controlling your keys.
Do not use paper wallets unless you're an advanced user who understands all the risks.
Do not store large amounts of value in single signature wallets.
Make sure your heirs know how to recover your wallets without you!
Note that it is NOT recommended that novices use the Bitcoin Core wallet. If you want to use a wallet backed by a fully validating node you run, read Securing Your Financial Sovereignty.
Do not use wallets that don't give you recovery data; these wallets are likely controlling your keys.
Do not use paper wallets unless you're an advanced user who understands all the risks.
Do not store large amounts of value in single signature wallets.
Make sure your heirs know how to recover your wallets without you!
Note that it is NOT recommended that novices use the Bitcoin Core wallet. If you want to use a wallet backed by a fully validating node you run, read Securing Your Financial Sovereignty.
What do you Mean? I downloaded it from galaxy store and it is introduced in samsung's official website too.
So what if something is official?You asked if it is safe, and no hot wallet is safe enough, especially if it's closed source like Samsung wallet.
It is ok if you want to use it as for buying rice and popcorns, but it should not be used for anything serious, especially when there are better open source alternatives.
Frankly speaking OP 
its better you go back to Electrum wallet ASAP and create a new wallet and move all your assets from that Samsung wallet into the Electrum wallet, you have made a stupid decision already and I hope it's not too late.
Either it's Samsung store or Iphone very own store, scammers do have quit good numbers of make believe Bitcoin and crypto wallets on there, waiting for someone who is careless to download and import their recovery seed, I just hope it's not too late already.
There is no crypto wallet that's from Samsung mobile company, not a single one, the only one available was made for hardware wallet with galaxy block chain, it's like using OKX wallet or Metamask with your hardware wallet, but it doesn't require you to import your keys.
its better you go back to Electrum wallet ASAP and create a new wallet and move all your assets from that Samsung wallet into the Electrum wallet, you have made a stupid decision already and I hope it's not too late. Either it's Samsung store or Iphone very own store, scammers do have quit good numbers of make believe Bitcoin and crypto wallets on there, waiting for someone who is careless to download and import their recovery seed, I just hope it's not too late already.
There is no crypto wallet that's from Samsung mobile company, not a single one, the only one available was made for hardware wallet with galaxy block chain, it's like using OKX wallet or Metamask with your hardware wallet, but it doesn't require you to import your keys.
What made you switch from electrum wallet to Samsung blockchain wallet?
That's all your rights to put your bitcoins in any wallet, What makes you really believe in this Samsung blockchain wallet, is there a sophisticated system in it, which protects all smartphone user data and wallet, this isn't only found in the highest Samsung S products, right? Don't trust too much in what big brands do to create asset wallets, it's best to stay alert.
Personally, I prefer ledger and Trezor wallets to store my assets. It would be better if with the money you have, it would be better if you bought a hardware wallet product that many people already use, as I mentioned above.
That's all your rights to put your bitcoins in any wallet, What makes you really believe in this Samsung blockchain wallet, is there a sophisticated system in it, which protects all smartphone user data and wallet, this isn't only found in the highest Samsung S products, right? Don't trust too much in what big brands do to create asset wallets, it's best to stay alert.
Personally, I prefer ledger and Trezor wallets to store my assets. It would be better if with the money you have, it would be better if you bought a hardware wallet product that many people already use, as I mentioned above.
I am 19 years old and I am living in south korea. I transfered all of my bitcoin from electrum to Samsung blockchain wallet.
They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
Currently, I transfered 0.00399 btc to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee every month and transfer to Samsung blockchain wallet.
I am not familiar with this Samsung wallet. And today I first learned that Samsung launched their blockchain toilet. So I couldn't tell you how safe it is. But I think electrum wallet is better for you. Because it is very popular and safe and it is a decentralized wallet so you can fund manage your funds here. So here you had enough freedom. They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
Currently, I transfered 0.00399 btc to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee every month and transfer to Samsung blockchain wallet.
Samsung wallet? Never heard that Samsung was into creating wallets already. 
What a surprise by them I guess?
Anyway, storing your Bitcoin there just because they're a "very legit company" is dumb in my opinion. I mean you forget about the security of your Bitcoins and put it on a centralized company like Samsung.
I guess just saying that you need to be ready if things do not go the way you want them. What I mean is that I don't consider it safe even though it's a non-custodial wallet just because it's still owned by a centralized company. Go follow what everyone is saying, and return all of your Bitcoins to your Electrum account. I can just imagine somebody creating his own Samsung Wallet, listing the seed phrase then selling that phone to an ignorant one who just wants a Samsung phone, and because he's involved in crypto as well, he decided to put all of his Bitcoins on his Samsung Wallet without knowing that somebody also has access to it.
I'm not a Samsung phone user, and even if I do, I will not put my Bitcoins in their wallet.
What a surprise by them I guess?Anyway, storing your Bitcoin there just because they're a "very legit company" is dumb in my opinion. I mean you forget about the security of your Bitcoins and put it on a centralized company like Samsung.
I guess just saying that you need to be ready if things do not go the way you want them. What I mean is that I don't consider it safe even though it's a non-custodial wallet just because it's still owned by a centralized company. Go follow what everyone is saying, and return all of your Bitcoins to your Electrum account. I can just imagine somebody creating his own Samsung Wallet, listing the seed phrase then selling that phone to an ignorant one who just wants a Samsung phone, and because he's involved in crypto as well, he decided to put all of his Bitcoins on his Samsung Wallet without knowing that somebody also has access to it.
I'm not a Samsung phone user, and even if I do, I will not put my Bitcoins in their wallet.
For you to transfer your Bitcoin from an electrum wallet to a Samsung wallet because it's a big brand was a very dumb decision. A scammer could easily create and dump a Samsung mobile wallet on playstore to deceive unsuspecting users like you and if this is the case, it means you've kissed your Bitcoin goodbye and never to be seen again. Electrum wallet is an open source wallet, the code is under public scrutiny and it comes highly recommended. If you're not too late, I'd advise you move your funds quickly out of the Samsung wallet.
Using the word dump seems harsh to me, there are many ways to tell OP that electrum is the best software wallet. Also the issue of creating just any fake wallet can happen to any wallet even open source but just as you said open source can be verified by Tech savvy people to check for bugs.
As for OP I found out that the Samsung wallet seems to be a multicoin wallet if that’s the reason you opted for it I would say there are other better alternatives like unstoppable which is proven, also the best wallet for bitcoin is bitcoin only wallets and it’s should be open source and cold storage if the amount is much. So I will advice you have a rethink and choose again.
Although I still see many users suggest to use Ledger, but I think we should learn to exclude Ledger from recommendation Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities.
I also see people still recommending the ledger wallet too maybe because they haven’t even paid attention to what’s surrounding it or because of its past glory I don’t get. There other alternatives apart from even Tezors like Passport, Keystore and Coldcard
You make the wrong decision of leaving Electrum wallet to a Centralized Wallet. Electrum is the best in the cryptocurrency Ecosystem Blockchain. Well nobody will crucify you because it is your decision which you have chosen to use. In Electrum everything is very simple to use, and the only thing you need is to keep your seed phrase and the login password. Samsung is not a legit company and it has fake products in the market and if they have then they are not truthful. Therefore your coins are not save. I believed, I have seen them accepting Bitcoin in one of their Head Quarters but I not heard of them having a wallet. Anything Centralized is not advisable to use because the authorities can close or stop them at any moment if they violate the law.
These days, we have seen several Blockchain wallets being launched from various companies that normally don't do such, but it goes to show that the the idea of Blockchain and cryptocurrencies is here to stay till the future.
Operamini launched its own wallet, I think techno is developing same tech on the Blockchain as well and there's no limit the kind of wallets soon to exist from various tech companies that normally wouldn't.
The Samsung wallet might be safe in that it could easily be recovered incase the key phrases get missing, but for hackers, this might just be a farm to get unsuspecting victims with crypto holdings inherent.
Operamini launched its own wallet, I think techno is developing same tech on the Blockchain as well and there's no limit the kind of wallets soon to exist from various tech companies that normally wouldn't.
The Samsung wallet might be safe in that it could easily be recovered incase the key phrases get missing, but for hackers, this might just be a farm to get unsuspecting victims with crypto holdings inherent.
while for hardware it can be Trezor, Ledger and many others.
Because maybe the majority of South Koreans are Samsung users so you switch to that wallet?
Although I still see many users suggest to use Ledger, but I think we should learn to exclude Ledger from recommendation Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities.Because maybe the majority of South Koreans are Samsung users so you switch to that wallet?
Yeah Samsung's headquarter is operated in South Korea, so that's why he's using Samsung and use the wallet as it's looks more convenience when you can use many thing in one place.
I am 19 years old and I am living in south korea. I transfered all of my bitcoin from electrum to Samsung blockchain wallet.
They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
For you to transfer your Bitcoin from an electrum wallet to a Samsung wallet because it's a big brand was a very dumb decision. A scammer could easily create and dump a Samsung mobile wallet on playstore to deceive unsuspecting users like you and if this is the case, it means you've kissed your Bitcoin goodbye and never to be seen again. Electrum wallet is an open source wallet, the code is under public scrutiny and it comes highly recommended. If you're not too late, I'd advise you move your funds quickly out of the Samsung wallet.
I have never used Samsung wallets like this, it is not familiar except for mobile users who use this wallet because in general, if they want to store btc in wallets with them, they are already well-known, namely Electrum, Bluewallet, etc. as hot wallets, while for hardware it can be Trezor, Ledger and many others.
I don't have much opinion about this wallet because I have never had experience for its usefulness, but if you believe in the wallet provided by the Samsung brand, go ahead as long as you can seed phrase well, your assets will remain safe.
Because maybe the majority of South Koreans are Samsung users so you switch to that wallet?
I don't have much opinion about this wallet because I have never had experience for its usefulness, but if you believe in the wallet provided by the Samsung brand, go ahead as long as you can seed phrase well, your assets will remain safe.
Because maybe the majority of South Koreans are Samsung users so you switch to that wallet?
It is a mobile wallet and it is online.
Use cold wallet for savings or for the amount of money that you can not afford to lose.
You can use Electrum as a cold storage: https://electrum.readthedocs.io/en/latest/coldstorage.html
Or you can buy a hardware wallet like Passport: https://foundationdevices.com/passport/
Or you can go for a multisig wallet:
https://electrum.readthedocs.io/en/latest/multisig.html
https://bitcoinelectrum.com/creating-a-multisig-wallet/
Use cold wallet for savings or for the amount of money that you can not afford to lose.
You can use Electrum as a cold storage: https://electrum.readthedocs.io/en/latest/coldstorage.html
Or you can buy a hardware wallet like Passport: https://foundationdevices.com/passport/
Or you can go for a multisig wallet:
https://electrum.readthedocs.io/en/latest/multisig.html
https://bitcoinelectrum.com/creating-a-multisig-wallet/
I check they're a non custodial wallet, but it's an online wallet, so it's not safe enough if you trying to save for long term as it's prone to get hacked. "Brands" in Bitcoin space is useless, here we need to learn "don't trust, verify", so have you verify the source code or signature? I doubt you can because they're closed source wallet.
Get your hardware wallet if you want to hold Bitcoin for long term, you can use trezor.
Get your hardware wallet if you want to hold Bitcoin for long term, you can use trezor.
* Availability of Blockchain apps, services and other related Blockchain features may vary depending on device, OS version and country. Please refer to Blockchain apps for more info.
* Device and screen images simulated for illustrative purposes.
* Device and screen images simulated for illustrative purposes.
I don’t know much about Samsung Wallet but what I can tell you is no third party wallet that has access to the internet is safe. I doubt it is a cold storage wallet, if it isn’t then no it’s not safe to use. Buy a Ledger or a Trezor from their official online stores. So many people get scammed using wallets that do not have high enough security.
I am 19 years old and I am living in south korea. I transfered all of my bitcoin from electrum to Samsung blockchain wallet.
They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
I don't know but a rule is if you are using a Samsung phone and use built-in applications from Samsung, do you think it is safe?They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
You are like using all in one from a same producer from hardware to software, it is very centralized and it means risky.
I don't know about Samsung blockchain wallet and never used it but I believe it is a custodial wallet, close source too. In cryptocurrency, to be safe you must use open source, non custodial wallet.
I am 19 years old and I am living in south korea. I transfered all of my bitcoin from electrum to Samsung blockchain wallet.
They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
Currently, I transfered 0.00399 because to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee and transfer to Samsung blockchain wallet.
They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
Currently, I transfered 0.00399 because to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee and transfer to Samsung blockchain wallet.
Well I can't say whether you made the right decision or not, Samsung may be a reputable tech company, but they don't have any history with crypto, if they do, then I'm not aware of it.
There are wallets that come highly recommended here on this forum and electrum happens to be one of those wallets, so moving your Bitcoin from your electrum wallet to your Samsung Wallet, whatever that is. I literally don't know what to say to that, but what I can tell you is that your funds are better off in your previous wallet. I've never used a Samsung Wallet before and I believe not everyone here has even heard of it before. But if you feel safe with your Bitcoin there, then it's your choice.
I am 19 years old and I am living in south korea. I transfered all of my bitcoin from electrum to Samsung blockchain wallet.
They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
Currently, I transfered 0.00399 btc to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee every month and transfer to Samsung blockchain wallet.
They provide restore phrase and wallet. It is an app that you can download through galaxy store.
I think this is quite safe because Samsung is very legit company.
They also say that they can't see my restore phrase.
I am curious about your opinion.
Currently, I transfered 0.00399 btc to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee every month and transfer to Samsung blockchain wallet.
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