Topic: Storing money on Smartphone is far more secure than desktop or laptop - page 3. (Read 9344 times)

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.

Altough before i was nt knowing about these thing then also i use android wallet apps to store my btc.

agree with delek, i have experience lost my phone and contains my bitcoin.
I immediately opened my email to get in to my wallet and move private key and all the coins.
fortunately all my coins saved. no more storing bitcoin in mobile phone i feel desktop more safer.

IMO definitely use a 3rd party VPN app, and I also use AF+ to setup firewall rules that stop apps from using anything except the VPN. It's kind of annoying on Android now, you would have been able to just set some easy-ish iptables rules up before KitKat, but now the tables that are setup by default make it a real job to use iptables yourself.

So,what you think more secure?android or ios?

But there are some risk, for example ; easy to get stolen or get broke if we are not take care of it
For me, I''m better put my password to my both device ( laptop & smartphone ) so I can having some backup if something bad happen

太棒了

Would be a good idea to use an old smartphone for cold storage but to carry all your coinage with you would be foolish. I have lost many a phone especially when drunk leaving them in pubs dropping them on trains or falling into the toilet.

It will still be OK if the wallet we use has online storage, we'll just need to reinstall it and they'll instantly recover our data, isn't it?

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

Both laptops/desktops and phones have their risks.

It depends on which one you're most comfertable with carrying around. I believe anything without internet is the safest way to store money on.

I'd only connect it to the internet if I either need to take some money out or put some money on it.

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.

Its got to be worth a bit just knowing people are hacking ur phone anyway

Storing bitcoins onto a paper wallet or on a physical (DIY) crypto-coin (~ for the purpose of hoarding them) and keeping it at the most secret corner of your house is in fact the most safest way in my opinion.

But for the sake of daily transactions, storing bitcoins on smartphones would be the safest and easiest way. You can directly send required amount of coins by scanning the recipient's QR code only. Nowadays one can store Bitcoins and other altcoins only at a single wallet (thanks to Coinomi's multi-wallet app).

Although there's a risk of getting your phone stolen, but that would be your carelessness! That's why I always carry 2 phones and mostly use the $20 phone at public places (~ where there's more congestion and a chance of getting pick-pocketed) only for some important conversations and the $600 one remains inside the secret chamber of my bag.

As per as apps are concerned, I don't feel the need to root/jailbreak my phone in order to download malicious apps. I'm pretty much contented with the apps I get from play store/apple store. (I have a spare rooted phone only for doing all sorts of experiments though )

Again one might think about getting his phone robbed by some felon, first of all I would suggest them not to make any stranger feel like you are the richest guy in town! And not to meander around quite places for a long time, especially when you are alone.

I think storing on desktop or laptop is more secure rather storing in my smartphone.

First factor is, smartphone can be lost so easily. Also i usually forgot where my smartphone is.

But for laptop or desktop is always using at home.

^This is the only golden rule one needs to follow to keep their bitcoins safe. Put maximum of your holdings in a cold wallet, keep some on your desktop wallet for day to day activity and a little on your phone for when you're away from your desktop and keep several backups of all of your wallets and that's it.

Keeping bitcoins safe is easy, don't know why do people have to make this complicated.

i have bad habits always forget when I put my smart phone and that is why i lost my smart phone several times
and after that incident i decide will save all my important document also my money in my laptop

There is no risk with connecting on unsecured wifi when using Bitcoin clients.

Transactions are signed locally and broadcasted to the network using internet connection. Private keys are never sent to the network either. The attacker cannot modify the content even if the connection isn't encrypted. Modifying the transaction by changing the inputs or outputs would make it invalid and it is impossible to get the private key either.

It is possible for VPN provider to initiate a MITM attack which can capture your information nevertheless.

I don't know about more secure, but it is sure more convenient since we almost constantly hold our phone which means we could check our wallet at will. But I must agree with Sir Carlton Banks, the use of VPN would helps. Though I rarely use VPN when accessing wallet from either laptop or phone, but i've read some tips on facebook group for bitcoin that the use of VPN would helps secure our transaction.

Seems like this might be up your alley, I would look into it if I were you: https://www.silentcircle.com/products-and-solutions/devices/silent-os/