Some people use their smartphone wallets for airdrops. There's Jaxx, Trust, O3, Coinomi... It seems to me it is quite easy and I don't know why wouldn't it be safe? As long as you keep your private keys and passwords stored safe somewhere off-line (written on a piece of paper and stored somewhere safe for example).
But I don't se how it could be safer than a plain paper wallet or a Nano Ledger+Meta Mask?
Topic: Samsung says that smartphones are the safest way to store cryptocurrencies - page 6. (Read 16989 times)
August 09, 2018, 07:43:33 AM
August 09, 2018, 07:41:58 AM
Samsung Electronics, a giant of the Smartphone manufacturing industry, recently commented through its official blog that cryptocurrency wallets based on mobile phones are the safest option for the short and medium term storage of cryptocurrencies.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
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The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
This such a good News from Samsung for the crypto users , having a hard wallet into Smart phones wherein it is safe to store cryptocurrencies. It is more convenient to everyone while crypto are being used as payment and exchanging it to cash .You just can do it anywhere when Bitcoin or other cryptocurrencies are being accepted. Meanwhile Smartphones can just surely collect charges for every transactions , just like on sending and receiving crypto to your wallet. Surely everytime when you are spending.coins from Smartphones.
And since people bring their smartphones anywhere, more chance to lose/damage your phone/wallet.
August 09, 2018, 07:36:16 AM
Samsung Electronics, a giant of the Smartphone manufacturing industry, recently commented through its official blog that cryptocurrency wallets based on mobile phones are the safest option for the short and medium term storage of cryptocurrencies.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
This such a good News from Samsung for the crypto users , having a hard wallet into Smart phones wherein it is safe to store cryptocurrencies. It is more convenient to everyone while crypto are being used as payment and exchanging it to cash .You just can do it anywhere when Bitcoin or other cryptocurrencies are being accepted. Meanwhile Smartphones can just surely collect charges for every transactions , just like on sending and receiving crypto to your wallet. Surely everytime when you are spending.coins from Smartphones.
August 09, 2018, 07:10:18 AM
Android phones are not much stable, they needs to be reseted often, also, cellphone gets stole - not a good idea.
August 09, 2018, 07:08:39 AM
samsung is a very good company - they have chosen a new crypto trend and are developing very well in it! they pay great attention to safety! I think that their development will bring many useful things, as well as make it easier to work in a crypto system and exchange crypto coins!
August 09, 2018, 07:00:02 AM
I don't know on what point of view Samsung say this because it is the most worst idea to store our crypyo in our phone because it is the most unsafe thing.
Which is why nothing can beat the good 'ol hardware wallets. Phones are more prone to deterioration since it is used every day. The wear-and-tear in these devices put a huge risks to the the assets stored in it's wallet. August 09, 2018, 06:35:50 AM
I don't know on what point of view Samsung say this because it is the most worst idea to store our crypyo in our phone because it is the most unsafe thing.
August 09, 2018, 04:31:11 AM
yes i agree with this statement, smartphones can handle and accomodate transactions to cryptocurrency and bitcoin business. Smartphones has enough perspective to catch up details and transactions upon buy and sell and trading of bitcoins and some other cryptocurrency.
August 09, 2018, 04:31:00 AM
Samsung Electronics, a giant of the Smartphone manufacturing industry, recently commented through its official blog that cryptocurrency wallets based on mobile phones are the safest option for the short and medium term storage of cryptocurrencies.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
It could be useful that smartphones can be use to store cryptocurrencies. But what about if we lose that phone what will happen? And are we safe with the hackers trying to hack our phones?
It's funny reading this that a smartphone company tells the people to use smartphones to store their money. Good promotion eh?
It's not the first time that a smartphone company is integrating a cryptocurrency wallet into their phones and branding it as a blockchain powered phone.
HTC had previously introduced a phone which had Exodus wallet integrated within it. We can't say it as a safest way to stroe crypto but yeah it sure is a convenient and efficient way to store cryptocurrencies.
August 09, 2018, 04:25:59 AM
I must say it is their selling policy because a phone constantly connected to internet and it is very easy to steal a phone so, i think it is totally a bad idea.
August 09, 2018, 03:57:53 AM
I don't agree with this. I would not store my holdings on a device that is constantly connected to the internet. Best place to keep your coins is on things like ledger nano s or a computer.
August 09, 2018, 03:55:10 AM
Phone is a personal device, if it can do good coin management application, the security is better than the computer,
Mobile will be the platform for online payments!
Mobile will be the platform for online payments!
August 09, 2018, 03:51:06 AM
these days it seems like these big companies like Samsung are "quoted" to say all kinds of crazy things. and that is mainly because the journalism is dead when it comes to cryptocurrency space thanks to hundreds of shitty news sites creating articles out of their asses and others copying them to post the same exact thing with different wording.
August 09, 2018, 03:49:54 AM
I don't agree with this suggestion, I fine it very difficult to use my phone for any important thing because I can loose the phone at anytime. Be it long or short term storage normal hardware wallet is the best.
August 09, 2018, 03:40:27 AM
Smartphones are used to store information, this is a dream come true. We can carry Bitcoin wallets everywhere. Nowadays, there are some phone companies that have spyware, they can steal information, bank accounts, even your Bitcoin wallet, that's a downside. Also, what happens if we lose our phone, we will get in trouble.
August 09, 2018, 03:31:12 AM
Actually, that might be true. Mobile devices are more convenient to transfer and use. For safety reasons it can be very useful with a little help.
August 09, 2018, 03:28:34 AM
I think it is by users and service providers are protected. Hackers often clutter the back door to gain access to your phone system.
August 04, 2018, 02:08:16 AM
I think the most safest wallet to store our coin/token is using cold wallet or hard wallet. Using smart phone to store our coin is very risky because our phone can be lost or damage. Many application on phone that not safe to store our coin/token. The best option to store our coin/token is hard wallet but if we decide to use web wallet or desktop wallet, we should keep private key more safe
August 04, 2018, 01:27:48 AM
Well this is a good news. We all have smart phones and if we can use it as wallet then it would be easier to keep the coins close to us and it would be portable too.
August 04, 2018, 12:43:19 AM
Actually their comment is not wrong. I think that they are right and smartphone provides more security than the other hardware. Moreover it is easy to do business in this market through smartphones. Such comment will make many people to think about this.
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