In this case, it seems to me that this is unnecessary. Mobile wallet seems to me not the best solution. At the moment, the best is the hardware wallet, so I would advise you to buy it.
Topic: Mobile wallet clarification (Read 705 times)
I know that you are mainly thinking about the security issues then I would like to ensure you that you don't have to deal with any new problem in mobile wallet system but yes still you have to stay conscious and aware
we must understand one thing very clearly that in this world nothing is risk free even drivingcan kill you so when you are taking about online trading then risk is part of this business it up to you how careful you can stay
Bitcoin only offer a wallet service which is only for bitcoin holders. It lend you some addresses on their wallet and wait to hold your fund . Its more like the custody service .
If you decide to convert your savings into a crypto currency (exchange for electronic money) or start earning a crypto currency, you need to choose a reliable purse for its storage. Without such a repository, the accumulation or use of an alternative monetary unit is impossible, because, it does not have a material embodiment, exists and develops on the open spaces of the Blockcha network.
I know that you are worried about it security issue then the answer is yes it is safe but not 100% nothing can be fully perfect right? specially when you are on online trading sites then you have to deal with and learn how to overcome it
I can ensure you that you won’t lose your coin if your mobile wallet crashes. The processes will recover the information. I think you should use coinbase on ios platform. It is more reliable than others
Hi experts, please give beginners an idea about mobile wallet.
1. Is that risk free to keep Cryptocurrencies in a mobile wallet?
2. If my mobile crashed with active mobile wallet, will my cryptocurrencies lose?
3. What is the best mobile wallet for IOS (Apple)?
1. Is that risk free to keep Cryptocurrencies in a mobile wallet?
2. If my mobile crashed with active mobile wallet, will my cryptocurrencies lose?
3. What is the best mobile wallet for IOS (Apple)?
I have never used a cellular wallet, because I think I prefer the usual wallet we use. maybe you can use a hardware wallet. so you stay safe even if your user is obsolete or has a problem.
You should look for a lot of explanations about it, and I think friends here have expressed their opinions
Nothing is risk-free in the world. Anything can happen when the day is bad. But mobile wallet is not that risky thing. You can use breadwallet for more secured and risk free wallet experience
For being in cryptocurrency,there is no way you can hide from risk taking. Keeping money in mobile wallet I can say its a very good initiative but have you considered the risk aspects?
It is not risky to use mobilewallet. You can easily use mobile wallet without any problem. Among other mobile wallet on IOS is coinbase. This is the most used and most reliable
cryptocurrency is all about risky but mobile wallet you can consider it as a secured wallet. but there is the risk still exist and as far i know your crypto currency will not lose your crypto currency.
mobile wallet is the safest wallet and i don't feel any risk. secondly i think there will not be any problem if your mobile crushed. and thirdly from my opinion i like coinomi most.
I use to keep crypto on my hardware wallet and feels me better instead of online wallet because it's not hacking free indeed it's decentralized.
They can be risky in certain cases. No you will not lose your money if the device crashes. I really like Coinomi for IOS. It has some great features like One-time backup.
Mobile wallet is way to go, people complain of its security, if you not care with you windows and web wallet too you are prone to hacking. Mobile wallet is easier to access and helps aid fast transaction/transfer of coins.
Will only recommend it for small sum of fund, if you are a whale for for hardware wallet
Will only recommend it for small sum of fund, if you are a whale for for hardware wallet
I carry a little amount in mobile wallets. Because i feel risky to carry extra amounts in my mobile wallet. And coinbase is my favorite wallet. It is also very popular for its efficiency.
I think there are some risks using the mobile wallet. Because a mobile can accessed by anyone. That's why sometimes mobile wallets can be real risky. But they helps a lot too.
I prefer to keep my coin and tokens on coinbase wallet and still I am safe with and it's well featured too and there many other online wallet like that but need to be find reliable one.
this sharing has been a really useful sharing. but I can not comment because I do not use my mobile wallet. it would be better if friends who use it give information.
portable wallets are spared enough for you to keep Small sums, for example, indistinguishable incentive from your versatile device.No. When you make your record utilizing a portable wallet you should spare your mental helper express, which will give you access to your private keys. Privatekey will enable you to recoup your assets whenever you need in a wide range of wallet.
Coinbase offers a wallet benefit, which isn't a wallet by any stretch of the imagination. They loan you a few locations on their wallet and hold your assets for you. This resembles a care benefit. In crypto terms, not actually a wallet since you don't hold your private keys.
"Truly, it is without chance to keep cryptographic forms of money in a portable wallet, But there are still issues when in keeping digital currency through a Mobile Wallet, which implies it isn't 100% safe, which implies you'd need to anchor your BTC someplace solid, my first choice would utilize Coinbase as your mobile wallet.
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There are many online wallet but all are not safe and promising many of them are scam. So if anyone keep their coin on these type of scam wallet they should lose their coin. So need to be careful to choose right one for wallet.
Hi experts, please give beginners an idea about mobile wallet.
1. Is that risk free to keep Cryptocurrencies in a mobile wallet?
there is no risk free wallet for cryptocurrencies, even if it is a mobile wallet, it is still risky1. Is that risk free to keep Cryptocurrencies in a mobile wallet?
2. If my mobile crashed with active mobile wallet, will my cryptocurrencies lose?
3. What is the best mobile wallet for IOS (Apple)?
If you are not thinking about storing all your savings then go for mobile wallets otherwise I suggest you try hardware wallets because they are more secure for storing huge amount of coins. Phone crashing all of a sudden has nothing to do with losing your coins as long as you remember your password. Coinbase and Airbitz's wallet works good on IOS as far as I know.
For using mobile wallet I can say with my experience that it is risk free it can use without risk .It is not problem if your mobile crashed the cryptocurrency will not lost you can found it again. Then I think the best IOS mobile wallet may be coin base .
A private key is only a long series of numbers and letters that go about as the secret word to your bitcoins. It's from this mystery mix that your wallet infers the capacity to advise the Bitcoin arrange you need to send your Bitcoins to another goal.
None of the wallets are 100% secure but for storing a little amount of coin you can definitely opt for mobile wallets. Also, you don't really have to worry about your phone crashing because you can always recover your coins if you have the ability to buy another phone and install the wallet in it. Lastly, Breadwallet is the most popular and reliable mobile wallet for IOS users.
Yes, there is a possibility of losing your cryptos if your device gets lost or damaged. I think if you use coinomi app then there will be no problem. It’s an IOS-based app. You can use any types of currency in coinomi wallet.
There is an app named ‘Coinbase’. You have to open a wallet using coinbase. Coinbase will help you to access your account as well as you can exchange your coins also. It’s a secure platform.
Hardware wallets are the safest among all wallets but mobile wallets are quite close to them in terms of security. You definitely won't lose any of your crypto if your mobile crashes, you just need to buy another phone and install the wallet it your keys and regain the amount again. For iOS you can try Coinomi. It's one of the best.
Mobile applications for cryptocurrency storage are safe.
But you must remember that smartphones are not a financial instrument. They have no protection and are easy to crack. Antivirus do not give a guarantee of security
But you must remember that smartphones are not a financial instrument. They have no protection and are easy to crack. Antivirus do not give a guarantee of security
Hi experts, please give beginners an idea about mobile wallet.
1. Is that risk free to keep Cryptocurrencies in a mobile wallet?
2. If my mobile crashed with active mobile wallet, will my cryptocurrencies lose?
3. What is the best mobile wallet for IOS (Apple)?
1. Is that risk free to keep Cryptocurrencies in a mobile wallet?
2. If my mobile crashed with active mobile wallet, will my cryptocurrencies lose?
3. What is the best mobile wallet for IOS (Apple)?
If you are going to use mobile payments do it together with some hardware wallet like trezor or ledger. Mobile storage of crypto has a lot of stories which end in lost balances, from whatever reasons.
Nothing is going to be happened if you keep your crypto coins in your wallet. Because you will get a private key in your wallet account. You can access to your account with that private key from any device.
Mobile wallets are safe and a 100% secure. Coinbase is the most popular one in the market right now and it is a safe one. And rest assured, even if the wallet crashes, your coins will be safe and unharmed.
The best facility of mobile wallet is it is portable and you can have the access at any time. But yes reliability is the major factor related here so coinbase could be a great option for mobile wallet
I would recommend you to avoid mobile wallet. It is less protected compared to online wallet as there is a high chances of it to get stolen or your device can break down.
A mobile wallet can be very secure if you have fingerprint or face id tech on your phone.
Any newer smart phones will have these features.
Also look to see if wallet has some kind of 2f authorization, like when you withdraw you have to confirm from an email or another cell phone number.
With these, it would be incredibly hard for anyone to steal your crypto.
There is a risk if you don't secure your private keys properly.
For example, if you just have them saved on a document on your computer, then someone can easily find your addresses and keys if your computer gets infected.
They can then use all that information to download the mobile wallet on their own phone and access your wallet (because your crypto is technically not stored on your phone, it's on the blockchain).
So actually, the biggest concern people have with mobile wallets is if their phone gets stolen or broken.
But if you have your private keys, you can download the wallet on another phone and use your keys to access your crypto.
Any newer smart phones will have these features.
Also look to see if wallet has some kind of 2f authorization, like when you withdraw you have to confirm from an email or another cell phone number.
With these, it would be incredibly hard for anyone to steal your crypto.
There is a risk if you don't secure your private keys properly.
For example, if you just have them saved on a document on your computer, then someone can easily find your addresses and keys if your computer gets infected.
They can then use all that information to download the mobile wallet on their own phone and access your wallet (because your crypto is technically not stored on your phone, it's on the blockchain).
So actually, the biggest concern people have with mobile wallets is if their phone gets stolen or broken.
But if you have your private keys, you can download the wallet on another phone and use your keys to access your crypto.
Mobile wallets are safe and secure. But a lot of people will recommend not to put huge amounts in there. And even if it does crash, the coins will still be safe, so there is nothing to be worried about. And the most popular wallet is Coinbase. Use that.
Yes, a mobile wallet is risk free, but it will be better if you keep small amounts in it. Secondly, if your wallet crashes, even then, your coins will be safe. and lastly, Coinbase is the best wallet out there.
Umm, I believe that no device is risk free to store your coin. You need to be careful always. With the help of private keys, you can always recover your coins even if you are mobile wallet crashes. Bread wallet and coinbase are two mostly used iOS mobile wallet.
I heard About the blockchain wallet from the company of the same name. there are versions for Android and IOS. but he personally did not use any of the online wallets on the mobile device.
Actually mobile wallet is really good things based on this it is safe to use and easy also it will be good if you reserve small amount there if you lost also your coins and amount will be safe or same nothing gonna change.
Nothing is free of risk in internet but you can use mobile wallet. If your mobile crashes somehow it won't hamper your tokens in anyway. And I will recommend Samourai as a mobile wallet. Saw much good reviews on it.
Until now I use a mobile wallet to store and conduct Ethereum transactions and tokens. Always secure your account with additional passwords for transactions and always keep private keys in other safe places. If something happens with our gadget, it can still be opened using the private key that we saved earlier. I use Imtoken.
Hi experts, please give beginners an idea about mobile wallet.
1. Is that risk free to keep Cryptocurrencies in a mobile wallet?
2. If my mobile crashed with active mobile wallet, will my cryptocurrencies lose?
3. What is the best mobile wallet for IOS (Apple)?
1. Is that risk free to keep Cryptocurrencies in a mobile wallet?
2. If my mobile crashed with active mobile wallet, will my cryptocurrencies lose?
3. What is the best mobile wallet for IOS (Apple)?
If you are going to use the mobile application you will not find the any issues from the hacking or stealing kind of issues mate. I like to use the mobile wallets or desktop wallets only to use for receiving payments and other stuffs.
I really need to use the mobile wallet please turn on all the security settings available on the wallet. If the usage seems well you can continue to use it else you may stick to desktop or hardware wallets alone.
I think the hardware wallets are best of all wallets. They safe and secured. There is no worry of loosing datas. You just need to remember the keys and if it safe with you.
Coinbase offers a wallet service, which is not a wallet at all.
They lend you some addresses on their wallet and hold your funds for you. This is like a custody service.
I'm crypto terms , not technically a wallet, because you don't hold your private keys
They lend you some addresses on their wallet and hold your funds for you. This is like a custody service.
I'm crypto terms , not technically a wallet, because you don't hold your private keys
Coinbase offers a wallet service, which is not a wallet at all.
They lend you some addresses on their wallet and hold your funds for you. This is like a custody service.
I'm crypto terms , not technically a wallet.
They lend you some addresses on their wallet and hold your funds for you. This is like a custody service.
I'm crypto terms , not technically a wallet.
HOLD ON THERE DUDE, DO YOU REALLY KNOW ABOUT COINBASE? OR DID YOU JUST SEARCH IT OFF GOOGLE?
IT SERVES AS A WALLET TOO
IT SERVES AS A WALLET TOO
1. Stop yelling. It's not nice and it doesn't prove anything.
2. Many believe that online wallets, online services that offer "wallet" features are not proper wallets and that's OK.
* online wallets are less safe than local wallets (can be affected by hack, inside jobs, bankruptcy, and they are main honey pots for hackers)
* most online wallets decide the fees to be used instead of leaving the user some degree of decision
* for most online wallets you have no access at all to your private key or mnemonic seed
All in all, @bitmover answer is better than yours and it's a better advice imho.
HOLD ON THERE DUDE, DO YOU REALLY KNOW ABOUT COINBASE? OR DID YOU JUST SEARCH IT OFF GOOGLE?
IT SERVES AS A WALLET TOO
IT SERVES AS A WALLET TOO
1. Stop yelling. It's not nice and it doesn't prove anything.
2. Many believe that online wallets, online services that offer "wallet" features are not proper wallets and that's OK.
* online wallets are less safe than local wallets (can be affected by hack, inside jobs, bankruptcy, and they are main honey pots for hackers)
* most online wallets decide the fees to be used instead of leaving the user some degree of decision
* for most online wallets you have no access at all to your private key or mnemonic seed
All in all, @bitmover answer is better than yours and it's a better advice imho.
1. Is that risk free to keep Cryptocurrencies in a mobile wallet?
Nothing is risk free. However mobile wallets are save enough for you to keep Small amounts, such as the same value of your mobile device.2. If my mobile crashed with active mobile wallet, will my cryptocurrencies lose?
No. When you create your account using a mobile wallet you will have to save your mnemonic phrase, which will give you access to your privatekeys. Privatekey will help you recover your funds anytime you want in all kinds of wallet.3. What is the best mobile wallet for IOS (Apple)?
I believe Coinomi is the best mobile wallet for iOS.
It supports segwit and it is multicurrency.
I'll answer all of it, on question #1, Yes it is risk-free to keep cryptocurrencies in a mobile wallet, BUT there are still problems when in keeping cryptocurrency through a Mobile Wallet, which means it is not 100% safe, which means you'd have to secure your BTC somewhere reliable, my first option would be using Coinbase as your mobile wallet.
Nope, if your mobile wallet crashed, it does not mean that your cryptos will lose as well, don't worry about that!
Probably the best mobile wallet for iOs is either Coinbase or Breadwallet.
Nope, if your mobile wallet crashed, it does not mean that your cryptos will lose as well, don't worry about that!
Probably the best mobile wallet for iOs is either Coinbase or Breadwallet.
Coinbase is not a wallet, it is an exchange. You are spreading misinformation and talking about things you know little about.
HOLD ON THERE DUDE, DO YOU REALLY KNOW ABOUT COINBASE? OR DID YOU JUST SEARCH IT OFF GOOGLE?
IT SERVES AS A WALLET TOO, AND IT STORES NOT ONLY BTC BUT IT ALSO STORES LITECOIN, RIPPLE, ETHEREUM, AND EVEN MORE CURRENCIES, I DID NOT RECOMMEND COINBASE IF I ONLY KNOW IT IS A DIGITAL EXCHANGE, I ALSO USE COINBASE AND I WOULD NOT PUT IT HERE IF I HAVE LITTLE KNOWLEDGE ABOUT IT, AND IF YOU DO NOT BELIEVE ME HERE'S A LINK THAT WILL ENLIGHTEN YOU MY FRIEND.
https://www.investopedia.com/tech/coinbase-what-it-and-how-do-you-use-it/
AND NEXT TIME TRY TO READ MORE, AND DON'T JUST GO OVER RIGHT AT ME, DON'T USE GOOGLE, TRY TO DIG DEEPER, BECAUSE YOU'LL JUST END UP EMBARASSING YOURSELF.
OH, HEADS UP HERE'S THE DOWNLOAD LINK FOR THE WALLET OF COINBASE, AND YES IT IS ALSO AVAILABLE ON BOTH ANDROID AND APPLE.
https://wallet.coinbase.com
1. Is that risk free to keep Cryptocurrencies in a mobile wallet?
Nothing is risk free. However mobile wallets are save enough for you to keep Small amounts, such as the same value of your mobile device.2. If my mobile crashed with active mobile wallet, will my cryptocurrencies lose?
No. When you create your account using a mobile wallet you will have to save your mnemonic phrase, which will give you access to your privatekeys. Privatekey will help you recover your funds anytime you want in all kinds of wallet.3. What is the best mobile wallet for IOS (Apple)?
I believe Coinomi is the best mobile wallet for iOS.
It supports segwit and it is multicurrency.
I'll answer all of it, on question #1, Yes it is risk-free to keep cryptocurrencies in a mobile wallet, BUT there are still problems when in keeping cryptocurrency through a Mobile Wallet, which means it is not 100% safe, which means you'd have to secure your BTC somewhere reliable, my first option would be using Coinbase as your mobile wallet.
Nope, if your mobile wallet crashed, it does not mean that your cryptos will lose as well, don't worry about that!
Probably the best mobile wallet for iOs is either Coinbase or Breadwallet.
Nope, if your mobile wallet crashed, it does not mean that your cryptos will lose as well, don't worry about that!
Probably the best mobile wallet for iOs is either Coinbase or Breadwallet.
Coinbase is not a wallet, it is an exchange. You are spreading misinformation and talking about things you know little about.
I'll answer all of it, on question #1, Yes it is risk-free to keep cryptocurrencies in a mobile wallet, BUT there are still problems when in keeping cryptocurrency through a Mobile Wallet, which means it is not 100% safe, which means you'd have to secure your BTC somewhere reliable, my first option would be using Coinbase as your mobile wallet.
Nope, if your mobile wallet crashed, it does not mean that your cryptos will lose as well, don't worry about that!
Probably the best mobile wallet for iOs is either Coinbase or Breadwallet.
Nope, if your mobile wallet crashed, it does not mean that your cryptos will lose as well, don't worry about that!
Probably the best mobile wallet for iOs is either Coinbase or Breadwallet.
Hi experts, please give beginners an idea about mobile wallet.
1. Is that risk free to keep Cryptocurrencies in a mobile wallet?
2. If my mobile crashed with active mobile wallet, will my cryptocurrencies lose?
3. What is the best mobile wallet for IOS (Apple)?
1. Is that risk free to keep Cryptocurrencies in a mobile wallet?
2. If my mobile crashed with active mobile wallet, will my cryptocurrencies lose?
3. What is the best mobile wallet for IOS (Apple)?
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