Mobile Wallets | Bitcointalksearch.org

mersal

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Quote from: desticy on December 10, 2019, 02:32:39 PM

Personally, I see the main problem with mobile wallets is that a lot will depend on the reliability of the device’s operating system itself.
In addition, many programs can be compromised to take control of your device. I do not trust mobile antiviruses on android, all the same, hackers nowadays manage to exploit vulnerabilities before they are closed.

Android devices doesn't need anti virus because it doesn't affect the device since its linux based operating system so hackers using sneaking techniques via app information while installing.So keep watching the app permissions and avoid clipboard hacking with keylogger trojans.

desticy

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Personally, I see the main problem with mobile wallets is that a lot will depend on the reliability of the device’s operating system itself.
In addition, many programs can be compromised to take control of your device. I do not trust mobile antiviruses on android, all the same, hackers nowadays manage to exploit vulnerabilities before they are closed.

karim2

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I use Coinomi wallet for mobile. This wallet Like Electrum, your wallet addresses are generated using a 'master seed' of 12 random words which never leaves your device. You can use this to restore your wallet balance for all of your coins should anything happen to your device. Coinomi offers the option to set a password during setup rather than a mandatory PIN as with Electrum. If you choose not to set a password, make sure your Android device has screen lock enabled and is encrypted.

Ann1989

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Quote from: emd023 on December 06, 2019, 02:03:07 PM

Curious about the security of mobile wallets. Why are they considered less secure than other wallets? I currently use Trust Wallet which uses fingerprint ID or a pin. If my phone were to be compromised how would anyone be able to access it? How could they obtain my pin/fingerprint?

Mobile wallets are not exactly less secure. However, the best wallets in terms of security are hardware wallets like Cobo Vault, Ledger, Trezor, KeepKey, etc.

Krislaw

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Password/fingerprints are only put in place to protect the app alone. An hacker only needs the seeds of the wallet. Mobile wallet always comes in handy and that's why fingerprint security is put in place but not for hackers but for those around you. The only thing you should be scared of is the web wallet because your coins are stored with them.

noormcs5

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I think there is no difference in using the mobile wallets or desktop wallets. Both are same and both have the same type of risk.

Quote from: sujonali1819 on December 07, 2019, 10:45:14 AM

1. People can not bypass the finger print if nobody collect your finger print sample from you. (There are many videos on YouTube about hacking finger print. May be some tricks are working) So thus people can access your wallet.

Not everyone can bypass the finger print and i guess it is safe. Even if few experts can hack finger prints, even then your phone is protected by pass code and passwords.

Quote from: sujonali1819 on December 07, 2019, 10:45:14 AM

2. If you lost your phone then people need to restore/hard reset your phone for remove the finger print and pin And all apps will be removed from the phone Except the stoke apps. So the wallets also will be removed and fund remain safe.

Losing an iphone, you are 100$ safe. On an android phone, the hard reset will leave no traces for the hacker to hack your bitcoins.

Quote from: sujonali1819 on December 07, 2019, 10:45:14 AM

3. If you take any screenshot of your private key and keep it on your phone then if you download any untrusted third-party apps which take the permission of controlling SD card Data/Photos then hacker can hack your wallet with the help of these third party apps.

Never keep the photos of private key in your phone. That's the best way to remain safe.

Taskford

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Quote from: LbtalkL on December 08, 2019, 05:21:21 AM

Trust wallet is good in terms of Ethereum, you can import your ethereum private keys there and you owned it. But on BTC it seems like you don't have control over your private keys. I suggest wallets that you have full control over your private keys it is safer. Like Mycelium, electrum wallet for mobiles.

Links:

Mycelium
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en

Electrum
https://play.google.com/store/apps/details?id=org.electrum.electrum

Trust wallet is a good choice though but actually it's not convenient for me to use since I will do multiple transfer before I can successfully transfer my funds to my personal local wallet. But any of this even though we can call it safe we still need to be vigilant since we still have chances to lose that's why it's better to store ok hardware wallets if we prefer to hodl.

Negotiation

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The mobile wallet is not good and bad. Because there are good and bad aspects of everything. The mobile wallet is safe for work. It is more hacked. If you ever lose your mobile, its information will be readily available. This is why I think a hardware wallet is the best and it is very reliable.

Lucius

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Quote from: TopTort777 on December 07, 2019, 05:42:35 PM

My question is - is it save to download, run and keep this "bounty token/coin wallet" on the same device where my mobile wallet for BTC is installed ?

Any file you download from the Internet is a risk, and fake wallets are something that poses a serious problem. You should approach any such wallet in a way that you consider to be potentially dangerous. There is no universal way to determine if something is good or bad, but you should always check what other users say about wallet you want to use, then scan the site with virustotal (https://www.virustotal.com), and if you have antivirus, scan a file before installation.

These are good precautions, but they do not guarantee complete security, and scanning results can often show false-positive results. I personally would not use BTC wallet and some other suspicious wallets on the same device, but if it is a small amount then the risk is acceptable.

LbtalkL, always use direct links from the official site and not from Google Play directly, that way you avoid the possibility of downloading a fake wallet.

LbtalkL

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Trust wallet is good in terms of Ethereum, you can import your ethereum private keys there and you owned it. But on BTC it seems like you don't have control over your private keys. I suggest wallets that you have full control over your private keys it is safer. Like Mycelium, electrum wallet for mobiles.

Links:

Mycelium
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en

Electrum
https://play.google.com/store/apps/details?id=org.electrum.electrum

Febo

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Quote from: emd023 on December 06, 2019, 02:03:07 PM

Curious about the security of mobile wallets. Why are they considered less secure than other wallets? I currently use Trust Wallet which uses fingerprint ID or a pin. If my phone were to be compromised how would anyone be able to access it? How could they obtain my pin/fingerprint?

There is way more malware developed for computers then phones. So mobile wallets are way more secure then desktop wallets. You can of course reduce risk by dedicating your old computer to use as your wallet. So you dont download much if at all there beside updating wallets.

TopTort777

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Sometimes bounty projects made hunters download "their" wallets for their coins/tokens. Not always these wallets are being download directly from google market or apple store.

My question is - is it save to download, run and keep this "bounty token/coin wallet" on the same device where my mobile wallet for BTC is installed ?

khaled0111

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Your mobile wallet is not less secure then any other wallet as long as you:
- use a reliable/trusted wallet app.
- always update it to the latest version.
- don't save your seed on the same device.
- use a strong password to lock the wallet app.
- keep your mobile safe from malwares.

People tend to think that all mobile wallets are not secure which is not true. In fact, it depends on the user itself.
Personally, I have been using Electrum on my phones for almost two years now, and never experienced any problem (two phones lost though).

jossiel

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There are users that forget to write down and back up their passphrases and once the phone is stolen, you can't retrieve it anymore. There is the good and bad side of having mobile wallets. If you want to access it everywhere, you can put a small amount that you want to spend with it but it's not the best wallet to keep for long term HODL.

Applying 2FA is much better another added layer of security for such wallets, you can use authy or google auth.

Lucius

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Quote from: emd023 on December 06, 2019, 02:03:07 PM

If my phone were to be compromised how would anyone be able to access it? How could they obtain my pin/fingerprint?

Locking apps with fingerprint or face have one major drawback, which is that anyone can unlock your device when you are sleeping or when you are unable to fully realize what you are doing (the influence of alcohol or drugs). Some manufacturers advise turning this option off when going to sleep, just to prevent abuse.

If you lose your smartphone, you can always respond by using your backup and recover your wallet on another device. Then you just move coins to a new wallet (not only a new address in the same wallet). This way your old wallet will be empty, so there will be no harm even if someone manages to get access.

Mobile wallet is safe for small amounts, maybe $x00 or something like that, just be sure to protect your phone from malware. Be careful with every application you download and keep a close eye on security (install security patches/updates for your device)

sujonali1819

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Quote from: emd023 on December 06, 2019, 02:03:07 PM

Curious about the security of mobile wallets. Why are they considered less secure than other wallets? I currently use Trust Wallet which uses fingerprint ID or a pin. If my phone were to be compromised how would anyone be able to access it? How could they obtain my pin/fingerprint?

In my experience /how much I know that...

1. People can not bypass the finger print if nobody collect your finger print sample from you. (There are many videos on YouTube about hacking finger print. May be some tricks are working) So thus people can access your wallet.

2. If you lost your phone then people need to restore/hard reset your phone for remove the finger print and pin And all apps will be removed from the phone Except the stoke apps. So the wallets also will be removed and fund remain safe.

3. If you take any screenshot of your private key and keep it on your phone then if you download any untrusted third-party apps which take the permission of controlling SD card Data/Photos then hacker can hack your wallet with the help of these third party apps.

4. If you download any wallet not only the Trust wallet but also all wallets from a untrusted source then the wallet can be hacked. Because sometime the apps can be modified with malwares.

BitcoinsGreat

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Quote from: emd023 on December 06, 2019, 02:03:07 PM

Curious about the security of mobile wallets. Why are they considered less secure than other wallets? I currently use Trust Wallet which uses fingerprint ID or a pin. If my phone were to be compromised how would anyone be able to access it? How could they obtain my pin/fingerprint?

The phone you are using will make the difference whether you can lose funds or not. If you are using an iphone, the thief or hacker cannot crack it as iphone provide much better security. Also you will find less apps which are malware effected in App Store. On the other hand, Android phones are more likely to be hacked and we should not keep big amounts in mobile android wallets.

gentlemand

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Quote from: emd023 on December 06, 2019, 02:03:07 PM

Curious about the security of mobile wallets. Why are they considered less secure than other wallets? I currently use Trust Wallet which uses fingerprint ID or a pin. If my phone were to be compromised how would anyone be able to access it? How could they obtain my pin/fingerprint?

When people talk about wallet security it's usually not about the in person security, it's the online side of things.

That being the case I would never, ever use a wallet based in a browser or on any internet connected Windows PC. Mobile wallets are a step up in security compared to both of them.

mersal

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Quote from: masulum on December 07, 2019, 02:18:46 AM

make sure to check app permission request before accept to install.

Crypto wallets doesn't need any kind of permission while we installing, if its asking something then its a wallet to avoid.

Most people doesn't realize that we can have any wallet because its just an interface to access blockchain storage where our coins are stored if you don't have keys then you really doesn't own that coins.

Wapfika

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Quote from: masulum on December 07, 2019, 02:18:46 AM

If we are download wallet from real developer it will safe to use. I have multicurrencies wallet in my phone, it still safe to use till now. What i do to make sure my phone safe is i only installed important things to supports my work on my phones. Limited access to people to use my phone contain crypto wallet, and make sure to check app permission request before accept to install.

I still prefer mobile wallets too as its handy and conveniet. We just need to check it's credibility and sources. We should only download it from legit website as well see if there are reviews that may harm your securities. Better use only one phone for crypto activities and maybe a tablet for other social or gaming activities.

Topic: Mobile Wallets (Read 404 times)