Topic: Storing money on Smartphone is far more secure than desktop or laptop - page 2. (Read 9344 times)
November 30, 2015, 12:30:35 AM
November 27, 2015, 11:11:59 PM
It's ironic, because many people don't realize that their smartphones are actually the most secure computing device they own, far more secure than desktop or laptop systems. It's wallets that can be accessed from the web or desktop that should really only be used for pocket change.
I call bullshit on this one. Anybody with half a brain knows that phones are the most insecure electronic items that you can ever touch.
Not just that they ping the GPS coordinates to possible thieves (so possible armed robbers know exactly where the chest of gold is).
Then you got hardly any antivirus for phones that works, nor you can verify the signatures of those files you download.
Storing large amounts of BTC on a phone is like begging to be robbed.
As a basic phone with no security yes. But having it locked down and a lot of stuff stripped out and security locked can prevent all of what yo say. Take the ping you can disable this on apps requesting access to it and limiting it. YOu only need anti virus on your phone if you are downloading a lot and even then most are useless. One am using seems to do the trick right now is CM security that shows any leaks or shit trying to access my stuff and never had any problems with it. I am also on a custom rom however this has been cracked down on security and a lot added and also removed from the default one that has vulnerability in it. Having a phone from a shop is not secure it is what you do after that to make it secure that counts.
November 27, 2015, 10:21:57 PM
Have to realize that that requires alot of storage space being used if you got with the smartphone option.
November 27, 2015, 10:16:45 PM
It's ironic, because many people don't realize that their smartphones are actually the most secure computing device they own, far more secure than desktop or laptop systems. It's wallets that can be accessed from the web or desktop that should really only be used for pocket change.
I call bullshit on this one. Anybody with half a brain knows that phones are the most insecure electronic items that you can ever touch.
Not just that they ping the GPS coordinates to possible thieves (so possible armed robbers know exactly where the chest of gold is).
Then you got hardly any antivirus for phones that works, nor you can verify the signatures of those files you download.
Storing large amounts of BTC on a phone is like begging to be robbed.
November 27, 2015, 10:15:32 PM
It's most likely the opposite. People have no idea how to keep their desktops/laptops secure and it is much worse then it comes to the mobile area where apps can have access to almost everything. Another problems would be apps that carry hard to remove exploits (tends to happen in android). It is not possible for a smartphone to be safer than a Linux machine solely dedicated for a wallet, running behind a hardware firewall.
I would have thought phones would have been a lot more insecure than a PC wallet... I think I agree with you. November 27, 2015, 09:17:20 AM
How about SmartPhone + Armory, it's the most secure combination.
November 27, 2015, 09:03:30 AM
It's one of the most insecure storing methods. You lose your phone you lose your coins. Your phone is hacked your coins are stolen. Somebody take your phone from you he has access to your money. Never put BTC to your smartphone.
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November 27, 2015, 07:29:01 AM
I would absolutely never store more than 50 bucks ish of btc on my phone- way to many ways to lose your phone and its already awful losing your phone let alone losing your btc.
its just like you're using any hardware wallet, you can lose it anyway,but there must be way to recover it back 
November 27, 2015, 06:54:46 AM
A powerful desktop that could run a tweaked Armory wallet is probably the most secure system I could think of that could be relied to keeping large sums of bitcoin. Smartphones are just too delicate to be used as a orimary storage of big amounts of coins.
November 27, 2015, 06:35:13 AM
I would absolutely never store more than 50 bucks ish of btc on my phone- way to many ways to lose your phone and its already awful losing your phone let alone losing your btc.
November 27, 2015, 06:07:06 AM
iso to android you can make just as secure both are the same it just depends on how you store your coins what wallet your using and how much you are placing on your phone. I have my wallets on other devices besides my phone so I can access it on any and uses a pin and password to access or spend coins on my phone. If its lost I can send a signal to kill the phone and wipe all data on it if needed. So even if lose it I wont lose my coin or personal details and has wake up option if phone gets turned off. If another sim is placed in it will ask for pinto change so my phone is very secure. only way someone is going to access it is if flashing and wiping it, and even then wont work on network due to being blocked so can only use as like a notepad.
November 27, 2015, 06:05:21 AM
Anything that's connected to the internet has a risk factor, whether if it's a phone or pc/laptop.
I would store it on something that doesn't have the internet connected to it.
I would store it on something that doesn't have the internet connected to it.
November 27, 2015, 04:30:57 AM
I'm locked out of my wallet due to damn 2FA and can't run my faucets at the moment. Really annoying.
Secure, yes. Annoyed - very!
lolSecure, yes. Annoyed - very!
faucets?
What did you lose, 10k satoshi?
November 27, 2015, 01:09:43 AM
I'm locked out of my wallet due to damn 2FA and can't run my faucets at the moment. Really annoying.
Secure, yes. Annoyed - very!
Secure, yes. Annoyed - very!
November 26, 2015, 11:01:08 PM
Being on you smartphone is more hazardous because of the use of unsecured wifi connections when you are out and about.
you can still use a vpn service to make it secure or you can make your own proxy server just to make surethe main thing that make android is unsecure when your friend just opened your phone and suddenly uninstall your wallet lol, it'll give pain in my ass
I'm pretty sure most wallets have HD features already, you only need to backup your seeds and you don't need to worry. I'm pretty sure you don't give out your phone randomly to your friends or them uninstalling anything.
November 26, 2015, 08:29:34 PM
Phones are less secure given that most users will jailbreak it
One malicious app, or simply losing the phone can cause bigger issues it is also why services such as Blockchain.info and other wallets recommend not storing large amounts on phones simply because their is risk there.
One malicious app, or simply losing the phone can cause bigger issues it is also why services such as Blockchain.info and other wallets recommend not storing large amounts on phones simply because their is risk there.
November 26, 2015, 08:26:55 PM
Give a fool the most secure system and he will break it, lose it or whatever. Give a smart man any option, even the less optimal and he will do good by making right choices. Simple as that!
It's true. I use Android, and I feel like I've done my best to make it secure (up-to-date Cyanogenmod, no GApps/Play Store, Fennec Firefox only, VPN, AF+ firewall etc), but I still feel like a smart guy using the crappy option
Still not picked up any malware (or lost coins) on my various phones.I am waiting impatiently for a decent modular phone platform (Ara/Puzzlephone/Fairphone 2) with an OS that's actually designed to be secure (as opposed to one that might as well have been designed to be insecure)
I heard about the Blackphone/Silent CIrcle when the first model came out, and I think they're still including Play Store/Play Services, which I can't justify when you can replace them both (and both are closed source, with alot of capabilities to use and assign app permissions, as well as vacuuming up loads of user data). It would be interesting to see if you could get a version of that OS without the Play stuff bundled with it, possibly source of SilentOS is available and it could be built from source.
Apart from that, Silent Circle is another good example of the field diversifying a bit more, and you've gotta hand the credit for that to Google really, as much as I don't like them. Hopefully this strength in depth will eventually make open platforms on mobile the best choice.
November 26, 2015, 04:48:20 PM
Its got to be worth a bit just knowing people are hacking ur phone anyway
If you mean that you leave some bits in an open wallet to know if your pc or phone got hacked, then I understand it right. I also do the exact same thing. I have around 0.12 BTC in an open wallet to see if everything is still fine.
no he is saying that smarthphone are not immune from virus and stuff like that like dsktop, they are also more hard to intercept, and antivirus ar enot as strong as desktop version
personally i would store bitcoin in my phone on small quantity, just for spending purpose
Ok, then I was wrong in that. Well, I also store a small amount in my blockchain.info mobile wallet, but never more than what I would have in my physical wallet. In my case that is around $50 or so.
November 26, 2015, 12:53:11 PM
Storing money on smartphone can't be a good decision as mobile can be easily lost or got stolen. But to use and pay even with bitcoin is much more easier scanning QR codes than from laptops.
Definately make a back-up of your wallet and put a code for login. That way your stuff is always protected.
You also don't want your 2fa codes on the street right? Use a code to get in the phone.
November 26, 2015, 12:53:01 PM
Both of these ways of storage have their drawbacks and their strong points. Yes Android and IOS applications are sandboxed and this makes them safer. Also there are no so many viruses developed for these platforms.
I would still never store huge amounts of bitcoins on the phone. Just the point that I can lose it makes me very uneasy!
I would still never store huge amounts of bitcoins on the phone. Just the point that I can lose it makes me very uneasy!
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