[LIST] Phones with Built-in Wallet (and other blockchain-related applications)

audaciousbeing

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Quote from: tranthidung on September 09, 2019, 11:12:04 PM

The growth of crypto apps on mobile devices is good for crypto currency ecosystem because it will bring crypto to more people, but using phones or mobile devices to store crypto, and trade is one of worst things crypto enthusiasts can do, in my opinion.

Firstly, you can more easily lose your mobile devices (by absent-mindedness), much more easily compare to laptops due to smaller size of mobile devices.

Secondly, most of people don't pay too much attention on security of their mobile devices (AV softwares).

Thirdly, when phones broken technically, you are nearly not be able to fix it yourself, and have to bring them to Maintenance Officies. It is another risks. With computers, people can fix issues themselves, or at least don't leave important data to others.

I only dedicate very small funds on mobile devices, and most of time, wallets are empty. Whenever I hang out and have plans to do something, I send a few bitcoin to mobile wallet, just in case in need to use it with urgent need.

Yes the growth of crypto apps on mobile phones are good development but what phone manufacturers are doing are not making any much impact for several reasons based on my evaluation.

1. There are several trusted third party app developers that have made their software open for download on either playstore or AppStore which over the years have become trusted by people. So, I don't see any crypto enthusiast who will buy a particular brand of phone simply because it has inbuilt crypto wallet. What about the support or private key security that is germane to any wallet holder.

2. Now for those new people buying those brands that we might think seeing the crypto app on their phones can lead to their curiosity which might then push them to crypto. Today, I have seen several apps on phones that serve no interest to the users because he does not understand its functions which could have been deleted if there is a way. So, without understanding of what crypto is all about, the app will be fully useless.

malevolent

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Quote from: Lucius on October 29, 2019, 07:10:26 AM

If you have a good smartphone with a fingerprint/PIN lock, some AV protection and a trusted mobile wallet with an extra PIN, the risk of irreversible crypto loss is insignificant. Of course, in the event of loss or failure, backup plays a key role in wallet recovery.

A 0day exploit or a malware which the AV can't yet detect and the person who decided to forego using a hardware/cold wallet is out of their coins.

Lucius

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I see no reason why anyone would buy a smartphone just because it already has something preinstalled? Maybe because he trusts the manufacturer more than himself, or finds it too complicated to download some trusted wallet from PlayStore. When I buy a smartphone, first of all, the hardware and appearance of the phone are most important to me. The next thing is OS, and how often the manufacturer sends an update to the phone.

If you have a good smartphone with a fingerprint/PIN lock, some AV protection and a trusted mobile wallet with an extra PIN, the risk of irreversible crypto loss is insignificant. Of course, in the event of loss or failure, backup plays a key role in wallet recovery.

malevolent

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Quote from: deadsilent on October 28, 2019, 06:23:33 PM

I don't know what's the use of these cryptocurrency backed phones.

Typically enriching the vendor through capitalization of the blockchain/altcoin hype. Cryptocurrencies are mainstream enough that addressing the cryptocurrency user demographic is worth the phone companies' time.

deadsilent

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I don't know what's the use of these cryptocurrency backed phones. Can someone explain this to me? Why not just download the application on google? What are the benefits of cryptophones? Because for me, it doesn't make sense if you can just download the application and use it. And I don't think it's safe.

gentlemand

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Quote from: panganib999 on October 28, 2019, 01:49:40 PM

Entrusting your crypto wallet on your phone would be the worst and the dumbest thing an enthusiast could do. Mobile phones are by far the most vulnerable hardware devices ever made because of its portability and size, it could be lost within just a snap. SO I guess this mobile phones with built-in blockchain-related apps shouldn't make you feel excited because just the idea? it's so risky.

Erm, obviously you back up your seeds first and have passwords and pin numbers on the device itself to restrict others from accessing it.

Using a Windows PC for your crypto is the equivalent of leaving your phone open on the bus and hoping no one picks it up and has a rummage.

As for this new crop of phones, unless they're open source and have a lengthy track record free of problems I won't be bothering. There are phone wallets that have been going for many, many years now with very few reported issues.

panganib999

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Quote from: gentlemand on September 10, 2019, 08:37:51 AM

Quote from: tranthidung on September 09, 2019, 11:12:04 PM

The growth of crypto apps on mobile devices is good for crypto currency ecosystem because it will bring crypto to more people, but using phones or mobile devices to store crypto, and trade is one of worst things crypto enthusiasts can do, in my opinion.

If I had a large amount of coinage with only one place to put it I would choose a phone over an internet capable laptop 8 days of the week.

I have genuinely never heard of a phone wallet being hacked.

It's still not sensible to have money on something you're not completely in control of but phone's are a much less bad option than anything with Windows on it.

I wouldn't be willing to put coins into phones like these, we've no idea how competent the developers are, but an established wallet on an up to date phone with the seed safely stored is a good option.

Entrusting your crypto wallet on your phone would be the worst and the dumbest thing an enthusiast could do. Mobile phones are by far the most vulnerable hardware devices ever made because of its portability and size, it could be lost within just a snap. SO I guess this mobile phones with built-in blockchain-related apps shouldn't make you feel excited because just the idea? it's so risky.

Bightening

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Quote from: tranthidung on September 09, 2019, 11:12:04 PM

The growth of crypto apps on mobile devices is good for crypto currency ecosystem because it will bring crypto to more people, but using phones or mobile devices to store crypto, and trade is one of worst things crypto enthusiasts can do, in my opinion.

Firstly, you can more easily lose your mobile devices (by absent-mindedness), much more easily compare to laptops due to smaller size of mobile devices.

Secondly, most of people don't pay too much attention on security of their mobile devices (AV softwares).

Thirdly, when phones broken technically, you are nearly not be able to fix it yourself, and have to bring them to Maintenance Officies. It is another risks. With computers, people can fix issues themselves, or at least don't leave important data to others.

I only dedicate very small funds on mobile devices, and most of time, wallets are empty. Whenever I hang out and have plans to do something, I send a few bitcoin to mobile wallet, just in case in need to use it with urgent need.

Fix your Laptop yourself? Come on, I could fix my phone more easily than I could my phones.
Secondly, laptops which run on windows get easily hacked compared to IOS Phones.
Finally, except you’re very good at staying safe (which is very difficult), use Ledger wallets instead of your phones, laptops or any other device. Precaution

Bttzed03

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Two phones added to the list:

Exodus 1s
KlaytnPhone (Samsung Galaxy Note 10)

Refer to OP for more details.

PrimeNumber7

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Quote from: gentlemand on September 10, 2019, 08:37:51 AM

If I had a large amount of coinage with only one place to put it I would choose a phone over an internet capable laptop 8 days of the week.

If you are in this situation, you should sell some of your coin and invest in an additional device to store your coin in, and additional mediums of storage for backups.

If you have a lot of coin on your phone with no backups, and your phone is stolen, you will lose access to your coin permanently, even if the thief does not have access to your coin either. Smartphones are fairly valuable, and will sometimes be targeted by thieves. Even if you have your phone secured in a way so that anyone buying your phone from a thief cannot use it in any way, even after resetting it (removing any resale value to the thief), the thief will simply throw away your phone.

Bttzed03

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Quote from: nc50lc on September 10, 2019, 09:26:01 PM

Quote from: Bttzed03 on September 10, 2019, 09:11:34 PM

Quote from: nc50lc on September 10, 2019, 09:05:56 PM

@Bttzed03 That Title is very misleading.

What do you guys suggest as title?

List of Mobile Phones with Built-in Crypto Wallet.
List of Wallet-integrated Phones
List of Blockchain-integrated Phones (Still misleading technically)
List of Phones that Use Blockchain as Marketing Strategy. (Accurate)
List of Phones that Absurdly Use Blockchain as Marketing Strategy. (Very Accurate)

You choose.

The first suggestion is what I was also thinking. The last two were hilarious Grin

Title edited.

tranthidung

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Quote from: mk4 on September 10, 2019, 06:02:03 AM

That doesn't mean it's "blockchain powered" at all;

Quote from: nc50lc on September 10, 2019, 09:05:56 PM

@Bttzed03 That Title is very misleading.

Quote from: ?? on ??

Sorry, but IMO it's useless list. It's just your regular phone with pre-installed cryptocurrency or blockchain-related application.

Agree.

Quote from: tranthidung on September 06, 2019, 01:44:48 AM

Tags within brackets or abbreviations

Quote from: theymos on August 24, 2012, 02:31:55 AM

Some people like to put "tags" in the title within brackets. Like "[GLBSE] [ANNOUNCE] ASDF: Generic asset". I personally don't like this style. I prefer to include the tag info within the sentence, like "Announcing ASDF, a generic asset on GLBSE". When tags are really necessary, it may indicate that a new subforum should be created.

Lastly, after you choose a final topic title, you should remember to edit your post title to the newest topic title:
"Re: newest topic title"

nc50lc

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Quote from: Bttzed03 on September 10, 2019, 09:11:34 PM

Quote from: nc50lc on September 10, 2019, 09:05:56 PM

@Bttzed03 That Title is very misleading.

What do you guys suggest as title?

List of Mobile Phones with Built-in Crypto Wallet.
List of Wallet-integrated Phones
List of Blockchain-integrated Phones (Still misleading technically)
List of Phones that Use Blockchain as Marketing Strategy. (Accurate)
List of Phones that Absurdly Use Blockchain as Marketing Strategy. (Very Accurate)

You choose.

Bttzed03

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https://bitcoincleanup.com/

Quote from: mk4 on September 10, 2019, 06:02:03 AM

That doesn't mean it's "blockchain powered" at all;

Quote from: nc50lc on September 10, 2019, 09:05:56 PM

@Bttzed03 That Title is very misleading.

What do you guys suggest as title?

nc50lc

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Quote from: malevolent on September 09, 2019, 10:51:06 PM

These phones don't really have anything interesting going about them, and any functionality that comes from apps or wallets that come with them can be achieved on any other modern smartphone. Am I wrong?

AFAIK, there's a specific hardware that functions like a hardware wallet's security chip that isolates the private keys/SEED tofrom the system.
That's what I have read about Samsung Galaxy S10, dunno if others have that functionality.

Quote from: malevolent

What do you mean by 'blockchain powered phones'?

Mobile phone that doesn't need a charger, automatically charged by connecting to a blockchain Grin

@Bttzed03 That Title is very misleading.

bitart

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Quote from: malevolent on September 10, 2019, 09:28:49 AM

Quote from: gentlemand on September 10, 2019, 08:37:51 AM

If I had a large amount of coinage with only one place to put it I would choose a phone over an internet capable laptop 8 days of the week.

I have genuinely never heard of a phone wallet being hacked.

It's still not sensible to have money on something you're not completely in control of but phone's are a much less bad option than anything with Windows on it.

I wouldn't be willing to put coins into phones like these, we've no idea how competent the developers are, but an established wallet on an up to date phone with the seed safely stored is a good option.

As long as you don't use that phone for anything else you should be good, but a computer should be more secure on average, phones are more likely to be lacking latest security updates. And no one says you have to run Windows on it, instead of, say, Qubes OS Tongue

It depends on the amount we're talking about...
I would be happy to store a small amount BTC on any kind of phone in a decent phone wallet (just the amount I usually store in my 'real life' wallet (

) to buy a coffee, a drink or something similar during the day, but I won't put a larger amount into any phone wallet... as you don't take your life savings with you when you're going out for a Saturday night...
Also, as long as hardware wallets are compatible with most of the phones (you can use e.g. Mycelium wallet to handle your Trezor, etc...) it's more safe to store larger amount on a hardware wallet, and you can take that with you if it's really that important to have that large amount with you, and you can use it nearly as easily as you would use a built in mobile phone wallet...

malevolent

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Quote from: gentlemand on September 10, 2019, 08:37:51 AM

If I had a large amount of coinage with only one place to put it I would choose a phone over an internet capable laptop 8 days of the week.

I have genuinely never heard of a phone wallet being hacked.

It's still not sensible to have money on something you're not completely in control of but phone's are a much less bad option than anything with Windows on it.

I wouldn't be willing to put coins into phones like these, we've no idea how competent the developers are, but an established wallet on an up to date phone with the seed safely stored is a good option.

As long as you don't use that phone for anything else you should be good, but a computer should be more secure on average, phones are more likely to be lacking latest security updates. And no one says you have to run Windows on it, instead of, say, Qubes OS Tongue

gentlemand

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Quote from: tranthidung on September 09, 2019, 11:12:04 PM

The growth of crypto apps on mobile devices is good for crypto currency ecosystem because it will bring crypto to more people, but using phones or mobile devices to store crypto, and trade is one of worst things crypto enthusiasts can do, in my opinion.

If I had a large amount of coinage with only one place to put it I would choose a phone over an internet capable laptop 8 days of the week.

I have genuinely never heard of a phone wallet being hacked.

It's still not sensible to have money on something you're not completely in control of but phone's are a much less bad option than anything with Windows on it.

I wouldn't be willing to put coins into phones like these, we've no idea how competent the developers are, but an established wallet on an up to date phone with the seed safely stored is a good option.

bitmover

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Quote from: tranthidung on September 09, 2019, 11:12:04 PM

The growth of crypto apps on mobile devices is good for crypto currency ecosystem because it will bring crypto to more people, but using phones or mobile devices to store crypto, and trade is one of worst things crypto enthusiasts can do, in my opinion.

Firstly, you can more easily lose your mobile devices (by absent-mindedness), much more easily compare to laptops due to smaller size of mobile devices.

Secondly, most of people don't pay too much attention on security of their mobile devices (AV softwares).

Thirdly, when phones broken technically, you are nearly not be able to fix it yourself, and have to bring them to Maintenance Officies. It is another risks. With computers, people can fix issues themselves, or at least don't leave important data to others.

I only dedicate very small funds on mobile devices, and most of time, wallets are empty. Whenever I hang out and have plans to do something, I send a few bitcoin to mobile wallet, just in case in need to use it with urgent need.

I think none of those problems are relevant.
You don't need your phone, just the seed.

If losing or broking the device made any difference, hardware wallets would be a terrible ideia, because they are small and once broken it is not Worthing fixing it (unless you mail it to the manufacturer).

You just need to store your seed in a piece of paper safely, then it doesn't matter of your phone broken, or you lose it.

mk4

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Just a heads up. Native wallet apps =/= Blockchain powered

I'm really not sure about the others, but as with the Galaxy S10, it only has a sort of memory partition(correct me if I'm wrong on this) exclusively for their native cryptocurrency wallet. That doesn't mean it's "blockchain powered" at all; and I assume it will be the same with the other phones you've listed.

Topic: [LIST] Phones with Built-in Wallet (and other blockchain-related applications) (Read 374 times)