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Title: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Brazio on July 29, 2018, 05:10:06 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. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: erickkyut on July 29, 2018, 05:13:49 AM This is great! Smartphones can now function as hard wallets? Wow! Just wow! It will be more convenient for us because we can now bring our hard wallets anywhere because we always have our smart phones. We can easily access our coins if ever we need to do some withdrawals or deposits because the wallets are already installed in it. Kuddos to Samsung for making this innovation!
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: nicster551 on July 29, 2018, 05:16:17 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. 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? Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Tetew50 on July 29, 2018, 05:35:49 AM Nowadays many have been paying attention to blockchain technology, I hope someday more big companies will adopt blockchain technology and its security must be improved again.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Fafabol on July 29, 2018, 05:41:11 AM Samsung electronics was able to secure your cryptocurrencies via smart phones and other electronic device because they tend to create malware that secure your personal identity and cryptocurrencies.And i am quite sure that every Samsung smartphone and other electronic device has a built-in storage software that enable then to protect and if lost,enable them to recover and transfer it from another Samsung device.And i know,Samsung company continues to expand and looking for innovative solutions that surely address every people's need.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: crycur on July 29, 2018, 05:54:00 AM This is great! Smartphones can now function as hard wallets? Wow! Just wow! It will be more convenient for us because we can now bring our hard wallets anywhere because we always have our smart phones. We can easily access our coins if ever we need to do some withdrawals or deposits because the wallets are already installed in it. Kuddos to Samsung for making this innovation! Yes really good news. Huawei also announced plan to create a Bitcoin wallet app a couple of months ago - http://www.ccreview.com/news/bitmain-launches-first-huawei-store-bitcoin-wallet-app/ Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: esatceza on July 29, 2018, 05:57:51 AM I think saving digital money on the phone is essential but it is easy to hack or steal. Because it seems that the android operating system is an open operating system and it is easy for hackers to hack and steal data
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: mikyadel on July 29, 2018, 06:11:50 AM I think saving digital money on the phone is essential but it is easy to hack or steal. Because it seems that the android operating system is an open operating system and it is easy for hackers to hack and steal data have you read the post ! it said "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" that means even if your mobile gets hacked , they won't be able to access your wallet . a big company like Samsung already aware of hacking attempts of smart phones and with this feature , i can see huge leap towards more innovations like this .Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: ExtremeFacials.com on July 29, 2018, 06:49:02 AM In my opinion this is very beautiful application of the Pavel Durovs telegram dream about United payment system which would be allocated on Smartphone and powered with cryptocurrency that you can pay for some things.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: mk4 on July 29, 2018, 06:53:34 AM This has already been discussed like 2 days ago: https://bitcointalk.org/index.php?topic=4757263.0;all
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Direwolve735 on July 29, 2018, 07:04:33 AM I heard that several companies have already developed smartphones with an integrated wallet for crypto currency storage. Thus, if the wallet does not have an Internet connection, the attackers will not be able to steal the means from it - this is possible only with direct physical access to the information carrier. However, this is also the main minus of such a wallet: it can only store crypto currency, but does not allow using it directly.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: davis196 on July 29, 2018, 07:12:37 AM Smartphones are the most secure way to store cryptocurrencies untill someone steals your smartphone,or you lose it,or it breaks. ;D
What happens if some of the above happens?Can the Samsung developers answer this question? I prefer my crypto wallets to be on some other device,with private keys printed and stored in my basement. ;D Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Rossy Akbar on July 29, 2018, 07:20:00 AM absolutely true, I joined into bitcoin by smartphone sinces last year, it's not only the safest way to keep our identity and wallet address or something, it's kinda pretty simple as well to do anythings like bounty campaign, so it's like all the important and profitable things is just in your hand.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Nisharawal on July 29, 2018, 07:37:56 AM I am really happy and also surprise to know that now we can use the smartphones as new hardware wallet just like the other hardware wallets like Trezor , and Ledger Nano S. This really shows that now the compatition is going to go in a tough way for all the smartphone companies like Apple, HTC, Microsoft, and Nokia and they will try to make some new cryptocurrency supported services and tools like wallets, exchanges, software by which crypto trading will run in a much smoother way.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Dextroboy on July 29, 2018, 07:41:59 AM if samsung says it's good news for crypto users
now many exchangers are hacked so investors are afraid to buy crypto hoping with this news more and more crypto investors Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: libert19 on July 29, 2018, 07:49:19 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. 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? Take coinomi mobile wallet as an example. As long as you keep mnemonics secure, you will be able to retrieve your funds. And for transfers user need to have password. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: MMnoob on July 29, 2018, 07:49:56 AM I think the smartphone becomes a place to store assets is not too safe because smarrtphone very easy once picked or stolen by others.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: zolfa on July 29, 2018, 07:57:28 AM therefore, you should use a secure wallet key. do not store crypto assets in gadgets with a large amount. ledger is a priority place to store your assets with a large amount.
samsung always has a good response and supports crypto growth. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: maichimoto on July 29, 2018, 07:57:34 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. perhaps it has anything to do with the fact that they're major mobile phones manufacturer? Have you heard of them developing hardware wallets or computers? I did not Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: anume123 on July 29, 2018, 08:12:53 AM Samsung or smartphones are just the same for me because it depends on the wallet that you're raising your money for your bitcoin because there is no cellphone to talk about when losing your funds to bitcoin it depends it defferent wallets of bitcoin or websites. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Mhd-Bobbi on July 29, 2018, 08:14:39 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. 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? Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: princesspoppy on July 29, 2018, 08:15:11 AM It is a great news, smartphones are now open to accept cryptos. Using smartphones as a cryptowallet will be very useful and easy t o use. Wallets will be easy to access without the use of internet and surely they have something on their mind to retrieve our Cryptos in case we lose our phone.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: kryptqnick on July 29, 2018, 08:20:25 AM 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. First Opera says people can store coins inside of their browser, then Samsung says smartphones are great for storing cryptos... There are some serious problems with this statement. The first problem is that while flash drivers don't usually break, so the wallet is probably safe if you make sure you know where it is, a smartphone can break by simply falling down to hard from a table. The second problem is that people lose their phones quite often. Surely if you stored your keys not on the phone, the wallet will probably not be accessed, you won't be able to get to your coins as well. Another issue is that it is weird to recommend storing coins on a smartphone that doesn't connect to the Internet regularly. Who on Earth would use a smartphone without the Internet?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. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Frances_McGlothlin on July 29, 2018, 08:21:47 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. 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 the most secure in terms of what exactly? It cannot be hacked? I don't think it's very difficult for a hacker to get into a mobile phone, but I'm not one myself so cannot comment accurately on that. Is it stored in a cold environment on the phone that cannot be accessed unless the user opens it with the key? And of course, the question of loss. I think that if you lose it, it would be the same as losing your wallet. This might also make phones a new target for theft, as hard drives have become. You never know how many crypto coins could be hiding on a hard drive these days. Imagine if you told someone 10 years ago that they could keep a million dollars worth of money on a hard drive. They'd call you crazy! Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: moonami on July 29, 2018, 08:22:23 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. I think it's good to store cryptocurrencies on smartphones. It is convenient, easy for newbies on crypto world and all the current people using bitcoin. But do this smartphones can protect our coins? Is this smartphones not prone to hackers. If this is smartphones can do this then it's very good. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: cosmicart on July 29, 2018, 08:25:37 AM Samsung Phones would now have the capacity to fill in as hard wallets? This is inconceivable! It will be more worthwhile for us since we would now have the capacity to bring our hard wallets wherever we go?
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: meerkatoken on July 29, 2018, 08:41:07 AM Mobile app wallets are basically optimized for retail transactions to paying for stuff with bitcoin or another cryptocurrency.
But because your encryption keys are stored on the phone, you lose your coins if you lose your device. Personally I think it is not an option for the masses to store their coins on their phone. People loose or break their phones all the time. Also imagine what would happen if your fingerprint scanner malfunctions. You wont be able to reach your find until you fix your phone in a service center.... not a good idea. Damns samsung is just trying to get into the market first. It is not serious from their side. All they want is to convince crypto holders that they should switch to samsung because soon it will be the no1 crypto-compatible phone company... Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: tncbitcoin on July 29, 2018, 08:49:16 AM If that is true may crypto holders will switch to SAMSUNG smartphones because of its security and compatibility of crypto wallets to users. I think that would be useful too because many transaction is done by only by the use of smartphones.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: AdoboCandies on July 29, 2018, 04:58:06 PM Wow that's nice even smartphones are adapting cryptocurrency maybe in the near future we can see some smartphones that can be used in mining they will create their own exchange, the smartphones adaptation of cryptocurrency will help the cryptocurrency and will also help the smartphone manufacturers as well maybe in the near future they will create their own COIN because of the cryptocurrency trend and maybe they see its potential and its demand in these days they will get many users by adapting it.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Aleshia696 on August 01, 2018, 08:22:46 AM Well this news sounds so great to me! We all use smart phones. If it can be used as wallet then that would be much more simple to keep the coins close to us and it would be portable too.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Sbdip on August 01, 2018, 09:12:03 AM Sounds interesting... But the question is remaining... How much security can a smartphone give better than other harware wallets. While i would suggest nano ledgers.. Better than smartphones..
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: MilfordGannon on August 01, 2018, 09:15:35 AM This innovation of Samsung is highly commendable and useful as well for all the crypto users out there. So in the time of urgent deposit or withdrawals access to coins is now much more easier
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: zero3 on August 01, 2018, 09:17:55 AM Yes I agree that smarphones are the easiest ways but not safest to store your coins because at the same time its a very risky what if you lost your phone and you have no backup of your wallets? or someone snatch your phone in the middle of the street?
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: arthotdog on August 01, 2018, 09:18:14 AM This is great! Smartphones can now function as hard wallets? Wow! Just wow! It will be more convenient for us because we can now bring our hard wallets anywhere because we always have our smart phones. We can easily access our coins if ever we need to do some withdrawals or deposits because the wallets are already installed in it. Kuddos to Samsung for making this innovation! Yeah this is a great innovation for the wallets since now smartphones will stand as hard wallets thats cool. But how can we assured the security since smartphones are not that secured compare to IOS(apple)? Maybe this is the most important question to be answered as the community are tired from scamming and hacking all we need is security because our funds keeps for future, Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: rickyNmorty on August 01, 2018, 09:37:02 AM This is great! Smartphones can now function as hard wallets? Wow! Just wow! It will be more convenient for us because we can now bring our hard wallets anywhere because we always have our smart phones. We can easily access our coins if ever we need to do some withdrawals or deposits because the wallets are already installed in it. Kuddos to Samsung for making this innovation! Because Samsung is proud that they are part of cryto world and with that, they re helping the bitcoin to boost its popularity. The help of huge company is very helpful to the bitcoin or lets say to the bitcoin community because with this more individuals wpuld love to start using bitcoin amd therefore the market value will rise. As per the smartphone it is not only the safest but at the same time the easiest way to do transactions. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: taylorsara on August 01, 2018, 09:46:00 AM Good to know that a renowned company like Samsung paying attention to blockchain. It is much convenient for crypto folks to use their smart phones to store crypto currency and it is safest too
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: lungu113 on August 01, 2018, 09:49:18 AM Well for me, the safest way to store cryptocurrencies is your wallet which you are the only one that knows it. Unlike smartphones if accidentally someone borrow your smartphones and explore it, it may cause that your crypto will know by others.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: dablatair on August 01, 2018, 09:51:09 AM Hello, it seems a really nice idea and it could very more convenient way to store and access ou crypto but my main concern is that if you loose or break your phone, you loose everything... If you need to save them on data center of phone supplier it is not secure, if you store or save the data somewhere lese you have exactly the same danger than wht we have today...
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: eternalgloom on August 01, 2018, 10:35:30 AM I'm not too sure about that, security largely depends on the users. If they're going to install potentially harmful apps, then there's not much you can do against them getting malware from that.
I would think that some malware can easily record key input and send screen-grabs back to the creator of said malware. I don't think smartphones are ideal for storing crypto, even not short term. There are tons of apps that get into the Google Play store, while they have malware. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: juragane on August 01, 2018, 11:03:49 AM I think it's good news that samsung has started using cryptocurrency and blockchain technology so that making some other platforms will follow as well and make cryptocurrency become very tekenal and its price becomes very expensive.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: satosibtc1000 on August 01, 2018, 11:34:35 AM In fact, it will be a very good product because the cryptocurrency is now popular and it is also popular to steal)
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: darthmaul on August 01, 2018, 11:41:06 AM So it is kind of completely different storage within the phone which will distinguish the storage of crypto graphs and hence our coins? Isn't that is the same thing as storing the crypto coins in the off-line wallets over a PC or desktop. Furthermore I do see same thing with the hardware wallet too. Well its sole purpose is to store the crypto's and it is well separated from the online network as long as you do not connect it to the internet. While on the other hand crypto currencies in the phone will be connected to internet all the time and may get accessible with smart hacks. You never know what might go wrong mate.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Aura on August 01, 2018, 12:02:36 PM I disagree with this statement from Samsung, even if it was a safe option then it is still not the safest option. Offline storage is considered safe, but that is not really the case with phones. The purpose of a portable phone is to communicate with others over distances, so you are always connected to some sort of telephone network. New smart phones also include different wireless communication functionalities like WiFi, which stops you from being offline. Malware could potentially access your phone via WiFi or other forms of communication and steal your private keys. The most safe option for storage is really a paper wallet, digital devices with wireless communication functionalities cannot compete with that.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: airinnesmith26 on August 01, 2018, 12:44:13 PM Yeah then after some months samsung will have made a smartphone targetting all cryptousers of the world.Which i think is a good thing and will surely be beneficial for us.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: zinson01 on August 01, 2018, 01:57:38 PM Sure some of them like smartphone or pc are more secure. Usually smartphones catch less viruses and malware than Pc. But there is also possibility to steal information with your smartphone.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: bob_rushford on August 01, 2018, 02:23:24 PM It's great to see Samsung set the trend again. Fistly it was mobile industry and now its the crypto world at its behest on the verge of disruption.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: NelfiNovita on August 01, 2018, 02:59:09 PM good development, this will make it easier for us to make transactions quickly because it can be used anywhere and anytime. without us having to carry our laptop and wallet safely. bitcoin is the best because it can be used with sophisticated and simple.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: jundy020 on August 01, 2018, 03:06:35 PM Ee?! I think it is still depends on the users or the wallet holders because of the rising popularity and good potential of cryptocurrency, companies are making advertisements or upgrades on this Blockchain technology to increase the volume of their sales.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: carlisle1 on August 01, 2018, 03:33:49 PM Lol smartphones are just like local wallets and wont be called as safest wallet for crypto
The smartphones has no high security level that can be trust for our precious coins i would rather use my local wallets that offers four different coins that can buy en sell without using exchangers Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: abderrazak belkhir on August 01, 2018, 03:47:40 PM Yes me to i believe in that smartphones are the safest way...smartphones are harder to hack than other ways to store cryptocurrencies
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: dongajow on August 01, 2018, 03:53:54 PM well I completely disagree with this statement because there is lot of risk in storing crypto in a mobile wallet like smart phone. Few examples are your smart phone can be stolen or misplaced very easily as you carry it with you all the time. And also another disadvantage in mobile wallet is their security level. When compared to hardware wallets like nano ledger the security level is very primitive.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Akonobea on August 01, 2018, 03:57:47 PM This is impressive and it would make managing of our cryptocurrencies very simple and it is very great that Samsung is pioneering the move of technological companies into cryptocurrencies.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: harrybell on August 01, 2018, 06:28:14 PM well many users are agree with this fact and it will is actually very wounderful that if we could able to use our smartphones as our wallet, blockchain technology were invented for making our living comfortably so we can consider it as a another progressive steps for better living.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: StuartJonson on August 02, 2018, 01:15:02 AM Smartphones do have a better security and verification process. But claiming this brand is the best one is a little too fast to judge given there are other phones in the market too apart from android operating system.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: ShawnJessie on August 02, 2018, 01:45:06 AM I agree, hardware wallets is accessible by mobile phones. The advantage of smartphones are that they are less affected by malware and virus damage. 2FA also uses mobile security permission to access.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Eto_mete on August 02, 2018, 04:18:41 AM This was my assumption from a week ago when Samsung started to accept BTC in European stores with hard devices which came true now, realized when reading this discussion. Samsung with this TEEE tech, will rule the smartphone device industry as they are planning to add a hard wallet feature with every phone which will give this brand an unique place in Crypto market.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: elwiswoodie on August 02, 2018, 04:36:44 AM I think it's true, Android is safe enough to be able to store cryptocurrency, although there are still more secure than Android, but Android is the right choice for me who prefers mobility
by the way, are you endorsed by braziocoin? ;D ;D ;D Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Nicolaus Copernicus on August 02, 2018, 05:31:08 AM From my point of view it’s a great news. I also think it’s a safest security system because some users are find comfortable in using mobile. The most important thing is it hase several types of security system that will help to secure everything.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: pakhitheboss on August 02, 2018, 05:33:59 AM First of all thanks for posting such an informative article.
What I knew was the best way to store your cryptos was to use a hardware wallet. Now with this post I undestood that android smartphone provide the same level of security like a hardware wallet. Thats good to hear, but still I would prefer a hardware wallet over any other option, as I have a very less chance of loosing my wallet and a very high chance of loosing a smartphone. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: jhonvir666 on August 02, 2018, 06:00:08 AM yes it is very good that it will be the application of a telegram and dream of a Pavel Durovs about the all payment system to be made available to the Smartphone and developed by a cryptocurrency that you can pay for other things.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: jack.anroid on August 02, 2018, 06:12:53 AM I totally agree with this post. First of all thank you for sharing this news. I also think that smartphone based crypto currency is more save. It store digital money with several types of security. Samsung also want to create private associated key with wallet.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: larkscrypto on August 02, 2018, 06:57:30 AM It’s really demotivate newbie’s to invest on crypto world. So, if newbie get positive comment and positive post from expert they will more interested about cryptoworld.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: SheldonLang on August 03, 2018, 12:41:29 AM I absolutely agree with what they said. Hardware wallets are accessed through mobile phones and laptops usually. But, the advantage of smartphones are that they are less prone to getting affected by malware and virus. Moreover, 2FA that helps keeping your wallet secure, uses mobile phones as authorizing permission to its users.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: HarryBrace on August 03, 2018, 03:56:23 AM If you consider a smartphone's capability of saving itself from malicious softwares and trojans you would understand that why Samsung has made such statement. Laptops tend to get attacked by virus and malwares more often than smartphones which may cause the user with a hardware wallet installed on laptop to panic for no reason, whereas smartphones don't have any such issues.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: CharlesCorley on August 03, 2018, 05:50:45 AM I agree that smartphones are very secured because they hardly gets targeted by the hackers and viruses. Moreover even if phone gets lost, you can remotely control it. There is also 2FA which uses the phone as a medium to confirm user access. The same cannot be said about other devices which are used for installing hardware wallets.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: InboundMercury on August 03, 2018, 10:09:14 AM It's a great initiative taken by SAMSUNG. They are becoming more crypto friendly. It will be much easier for us if we get smartphones as hard wallets. I hope it will make more people interested in crypto.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: JohnLowry on August 04, 2018, 01:42:34 AM I hope samsung will provide better security with this facility. Then it will be the perfect combo for crypto people. I think it will create a massive positive impact on crypto world.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: marcbitcoins on August 04, 2018, 05:55:43 AM I think the features is the same with the hardware wallet of Ledger Nano S but this is much convenience and a user friendly too because you are using your cellphone other features and at the same time the feature of a USB as offline or hardware wallet.The only problem i see is when you lose this phone and you will lost your hardware wallet easily too because you will always to bring this phone for your other personal use unlike the USB Ledger Nano S which is mostly will stay safe at home.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: BennieMartin on August 04, 2018, 06:27:48 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.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Lexurdania on August 04, 2018, 07:08:16 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
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: MarieMoore12 on August 09, 2018, 08:28:34 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.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: dewildance on August 09, 2018, 08:31:12 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.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Phan Long on August 09, 2018, 08:40:27 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.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: pat4cryptoreal on August 09, 2018, 08:49:54 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.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: talkbitcoin on August 09, 2018, 08:51:06 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.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: mmo4me.2016 on August 09, 2018, 08:55:10 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! Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Gururapyco on August 09, 2018, 08:57:53 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.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: BlakeMye on August 09, 2018, 09:25:59 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.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: pawanjain on August 09, 2018, 09:31:00 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. 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. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: xysheeh03 on August 09, 2018, 09:31:11 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.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: ListingOnly561 on August 09, 2018, 11:35:50 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.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Fundalini on August 09, 2018, 12:00:02 PM 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. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: GeorgiyBilyk on August 09, 2018, 12:08:39 PM 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!
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: bitfocus on August 09, 2018, 12:10:18 PM Android phones are not much stable, they needs to be reseted often, also, cellphone gets stole - not a good idea.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Sexie on August 09, 2018, 12:36:16 PM 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. 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. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: drm on August 09, 2018, 12:41:58 PM 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. 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. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Gytza on August 09, 2018, 12:43:33 PM 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? Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: jtrapirap on August 09, 2018, 01:03:17 PM Thanks for sharing mate. Excellent thread, concise and very informative. This great news might boost and inspire big and leading smartphones companies involvement in advertising and promoting cryptocurrency. Smartphones aside from being handy and portable has become one of the most important gadget and technological device we always use today, for communication, browsing the net and now hopefully make monetary transactions via blockchain technology itself. As i have noticed also recently, Samsung has been active with promoting the use of Bitcoin. This is indeed a great news to the whole cryptocurrency community as well.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: SecureCryptoPayments on August 09, 2018, 01:33:53 PM I think saving digital money on the phone is essential but it is easy to hack or steal. Because it seems that the android operating system is an open operating system and it is easy for hackers to hack and steal data Yes. Unfortunately, the android is not such a reliable operating system now. But let's hope that Samsung announcing such news will be able to develop and protect. # support SecureCryptoPayments Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: nisse44 on August 15, 2018, 02:19:42 PM even if they are the safest way, i would not suggest to use them as a "main" wallet. Keep in mind a smartphone is a daily use gadget. what if you drop it on the street or you get robbed by a thief on the streets and so on. nono no matter if android or ios device.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: aleksej.rozhkov on August 15, 2018, 02:49:14 PM samsung is a very strong company and a lot of people listen to their opinion! I think that in the future there will most likely be small crypto wallets that will be in our phones!
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Eddi45 on August 16, 2018, 07:42:42 PM I do believe that Samsung is correct .. smart phone are the best option , because of it's easy access it provides to wallets
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: IdoandWill on August 17, 2018, 01:17:27 PM To be honest, it is not a great idea to walk around with your wallet in a smartphone. In some countries smartphones are thieves first target, besides there also is a possibility to loose or smash your phone.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: bitfocus on August 17, 2018, 01:46:44 PM whats the big point? will Samsung cover any loss for stolen phone?
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Dmitry.Vastov on August 19, 2018, 04:26:52 PM 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. Bitcoin is the most sustainable, popular and most successful crypto currency available in the market and they promise that their transactions are safest and the most confidential one and its like impossible to hack bitcoin account or to steal your bitcoins unless you share any of your confidential information with anyone and secondly it is very very good news to hear that such a huge smartphone company Samsung is now thinking something about the crypto, all I want to say is that the era of crypto has been started.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. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Variogam on August 19, 2018, 05:12:29 PM 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). Good advices. If you put spendable in the subject title as well, it would not be controversial anymore (but at least I can confirm you have skills how to create click-bait titles) Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Frances_McGlothlin on August 19, 2018, 08:12:34 PM 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). Good advices. If you put spendable in the subject title as well, it would not be controversial anymore (but at least I can confirm you have skills how to create click-bait titles) Haha good point. This thread has drawn a lot of attention just because if its name. I wouldn't ever be so assuming to believe that a phone is the safest place to store anything, let alone a savings account of bitcoin. Although people have begin to live solely off of their phones these days. A lot of people don't even use computers anymore. They only need access to email, social media, banks, and now crypto wallets. So I guess if it has that much value, you could try to treat it as an account. With a detachable chip for savings, of course. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: batang_bitcoin on August 19, 2018, 08:28:03 PM whats the big point? will Samsung cover any loss for stolen phone? The point is we can bring everywhere our spendable crypto's. If you are a person that loves to spend crypto everywhere in your place that has shops accepting crypto then you have to bring it. And about the funds, they warned that its recommended to create your own back up. Being a responsible crypto holder fits it if your phone has been stolen or damaged. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: airdnasxela on August 19, 2018, 08:34:40 PM This statement "Samsung says that smartphone are the safest way to store cryptocurrencies " implies that Samsung smartphone can now function as a hardware wallet because it is something that is tangible. The problem with this concept is that when you lost your phone. When you lost your phone, there are many possibilities that could happen in an instant. Your bitcoin might be turned into nothing in just a matter of time. Also, it might be vulnerable to hackers because that is a phone and a phone is really vulnerable to hacking. A proper care must be employed when using this kind of wallet.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: jak3 on August 19, 2018, 08:35:50 PM I don't think that's true at least not for all the situations, a good hacker always thinks if something is accessible to you then that is also if possible to all around the world because they are going to spoof your identity and become you. We can take a serious level of information if they can get around your device in this case that is a smartphone. Let's talk about an unimaginable scenario where you have to keep a backup of a phone let's say nandroid backup and the hacker gets that somehow now he will not only have access to your cryptocurrency details but also to everything around your phone in exact order that means even you have open any tab in Chrome that information is also available to the hacker.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: bloodyvio on August 19, 2018, 08:58:25 PM although it is indeed the safest way to store crypto assets
but still if the user does not store the passphrase or private key, when the user loses their smartphone they also lose their assets Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Anyobsss on August 19, 2018, 09:23:16 PM although it is indeed the safest way to store crypto assets yes. It's looks like it is not as safe as they claim. They didn't consider the possibility that smartphone can be lose by the user. however, it is still a great idea as it will be really convenient to use our own smartphones to store crypto.but still if the user does not store the passphrase or private key, when the user loses their smartphone they also lose their assets Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: pixie85 on August 19, 2018, 09:27:40 PM What would you say if a car producer said that cars are the safest means of transport or if someone making safes said that you should keep your money locked at home because it's the safest? It's a normal thing that they do it and they will keep doing it because that's how you make money. Smartphone can be stolen much easier than a computer from your home. Also, you can never be sure what tracking devices are in your phones.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: jerrison on August 19, 2018, 09:31:00 PM i strongly and unarguably agree with the fact that smartphones are the best way to store cryptocurrencies but the challenge is that most of the mobile phone wallets dont allow users the access to their wallet private keys and that i presume is very dangerous. they only allow the users have passphrase.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: pixie85 on August 19, 2018, 09:33:50 PM although it is indeed the safest way to store crypto assets but still if the user does not store the passphrase or private key, when the user loses their smartphone they also lose their assets You can always keep a paper wallet at home or have another wallet on another device so that if you lose the phone or somebody steals it from you will be able to move the money before they're able to crack the wallet. I wouldn't keep huge money on a phone. Some spare change for everyday use, nothing more. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Biscutard on August 19, 2018, 09:38:59 PM Smartphones could be the key but with the back door reset method is still up there in case we missed our phones or it may be stolen the hackers would have an easy access to your wallet unless of course if the passcode won't gone inside of the wallet. It could be dangerous if someone know that you do have a wallet in your smartphone.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: maumaugurin on August 19, 2018, 11:26:10 PM I think this statement is right in some case because people want to use the easy version and if we can do this with mobile then it will be great and beneficial for us also Samsung stated a good this and it is really great that they are now thinking about crypto world.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Kimi80 on August 19, 2018, 11:48:49 PM I do like the article. Samsung is maybe company that is doing the most to create telephone suitable for majority, to satisfy all the needs of average user and always being innovative. It is explained good but I still am not a hundred percent sure in device security. Beside that, it is not impossible to lose a phone, it can happen to most carefully person. At the end, I am totally okay to storage mine on desktop for now. When btc and alt coins became a worldwide excepted as a regular source of payment, I will buy one, just for everyday needs.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Samaaliu on August 19, 2018, 11:56:54 PM This might be very true. As you would have observed, imToken which is mobile based is not easy to hack like MEW that is web based.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: _jshsnts on August 20, 2018, 05:49:52 AM we are surrounded by technologies, we can't tell that smartphones are the safest way to store our coins, still we are transacting using the given system, there's still possibility that it can be hacked by someone, it should tighten the security of the system where we store our coins so that we can store our coins everywhere using a trusted system.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: dobladonadouble on August 20, 2018, 06:01:03 AM I think that is a great idea in terms of conveniency. Here in the Philippines, workers have a lot of atm cards or credit cards. It's very much handy and not really convenient. So having a smartphone wallet is really benefial most especially to workers. The downside of it is that, your account and money are not that safe. The fact that it can be hacked or it can be stolen by holdapers and such. But all in all, it's a great step in advancing and diversifying to the usual concepts of keeping money.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Ahimoth on August 20, 2018, 06:11:25 AM whats the big point? will Samsung cover any loss for stolen phone? The point is we can bring everywhere our spendable crypto's. If you are a person that loves to spend crypto everywhere in your place that has shops accepting crypto then you have to bring it. And about the funds, they warned that its recommended to create your own back up. Being a responsible crypto holder fits it if your phone has been stolen or damaged. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: airdrophunter on August 20, 2018, 07:09:19 AM Even how secure your crypto asstes will be, hackers can still hack them, that is if you as the owner is careless enough of your wallet information because even a slight amount of information a hacker can get, then expect for the worst of it as you may find zero balance in your wallet the moment they will ransack your crypto wallet.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: KimmyF on August 20, 2018, 07:59:19 AM Well Samsung there has a point. That the smartphones are the safest way to store crypto currencies. In my own experience, I am using my smartphone in accessing here in the bitcointalk forum and as well as doing different jobs to earn different crypto currencies and use a specific wallet mobile here in my smartphone, and it was really convenient for me since I can use my smart phone in the crypto world to deal with it anytime and everywhere I am.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Veterock on August 20, 2018, 08:25:22 AM It's a great idea to make a crypt wallet in the phone! But there is one problem! It can not be lost! otherwise you are a beggar
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Zalaster on August 20, 2018, 09:00:35 AM It's a great idea to make a crypt wallet in the phone! But there is one problem! It can not be lost! otherwise you are a beggar In this I see the main drawback of this idea. Phone to lose so easily, in addition, it can be deliberately stolen.Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Sethrey on August 20, 2018, 09:03:38 AM Big companies that produce smartphones proved already that they can't be too safe. Hackers stole Apple user's data (and it's not only about Apple), mobile phones are burning, etc. How can anyone believe it and be sure in its safety? It's just another way of promoting the brand in order to get more buyers and nothing more. Maybe I'm mistaken but I would not believe it.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Bitfling on August 20, 2018, 09:10:11 AM I am believe in the future, peoples will store their bitcoin and their crypto on smartphone and use it for shopping. Technology always improve and we are as consumer will more easily making transaction using bitcoin or cryptocurrency. I am believe it will happen after most government in the world regulate cryptocurrency
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Garrixx on August 20, 2018, 09:42:39 AM I do not think that this is the most successful way of storing. the most successful is the purse of the holding, but not a smartphone
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: nikki4 on August 20, 2018, 09:57:33 AM I am also glad that the crypto wallet for mobile version has been invented. This is a great help for those people that has no or cannot access their laptops in times of they need and wanted to be in the cryptocurrency community. So samsung is right there having safest to store crypto currencies in smartphones but not only that because it is also convenient for people.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: carrascos on August 20, 2018, 10:02:09 AM samsung great fellows. they work for the benefit of the crypto currency, went to the market of the asics, it's a very big plus to have such a bigger player on our side
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: ci1990 on August 20, 2018, 10:09:32 AM Haha. That's quite funny. Android is not safe at all ! iOS is much safer but I never store my cryptos on my iPhone. Hardware Wallets are much safer I think!
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: 2fresh on August 20, 2018, 10:31:27 AM Haha. That's quite funny. Android is not safe at all ! iOS is much safer but I never store my cryptos on my iPhone. Hardware Wallets are much safer I think! Yes I cant understand why someone would claim a phone is the safest way of storage Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: BitcSeo on August 20, 2018, 10:40:24 AM Big companies that produce smartphones proved already that they can't be too safe. Hackers stole Apple user's data (and it's not only about Apple), mobile phones are burning, etc. How can anyone believe it and be sure in its safety? It's just another way of promoting the brand in order to get more buyers and nothing more. Maybe I'm mistaken but I would not believe it. @Sethrey, you are right. This is just another way to promote for this BIG company to promote their brand because they notice that they are in direct-competition with most chineese company who are now producing cheapER smartphone :o I love the chineese for onething, They strive to make life easier for an average person. This summer when the temperature was about 30°c-35°c i notice most tourtist in rome moving around with this mini rechargeable fan ::) ::) thanks Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Maiscoinyelo on August 20, 2018, 10:52:10 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. Its great to know that we can store our cryptocurrencies on our smartphones, but is it really safe? Like, how and what will happen if our smartphones lost. Can we restore our lost data of crypto in our new phones. Or if its stolen are we sure that it will not be hacked. Questions like that follows on our mind if we hear topics like this. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: bitlind on August 20, 2018, 07:32:32 PM I am expecting seriously that Samsung in the next year will develop a smartphone which would be having a built-in cryptocurrency storage or something like that, it is logical for me that somebody need to start that.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: bedrosovic35 on August 22, 2018, 02:13:59 PM And they can be hacked if it's online ! Keep everything on external devices and there will be no problem !
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Finnong on August 22, 2018, 02:24:55 PM That’s good! It sounds considerable to buy samsung, i’m thinking eventually of buying one. But is it teally secure? I don’t know technicalities about phones that’s why i’m being cautious. Cryptocurrency is already a risk will mobile phones bring me to risks as well? Just thinking.....
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: maumaugurin on August 22, 2018, 09:50:54 PM It's actually true that using smartphones are more of a secure and easier way to use the cryptocurrency and blockchain system. It displays an easier view in comparison to the other electronic devices, and also the smartphone based wallets are more secure than ever. That way, if people get used to using cryptocurrency over smartphones the rate of the growth of the community increases even more, because mostly people prefer using smartphones over anything being the easiest and the most convenient way possible.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: NavI_027 on August 22, 2018, 10:50:42 PM cryptocurrency wallets based on mobile phones are the safest option for the short and medium term storage of cryptocurrencies. I'm glad that someone, and take note of its big name in the industry, also agreed that mobile wallets can be considered as the safest way of storing crypto because that's what I've been thinking of all the way. Yeah! Some of you might disagree and still go in the favor of cold storage (it does) but when it comes to storing only few coins then not bad to use mobile wallets since they are more practical and convenient. 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. Though my private key is not in my hands. I know either why Coins.ph, the wallet I'm using, don't allow its users to have access on their own private keys. After a couple minutes of research, here's what I found: https://support.coins.ph/hc/en-us/articles/360000071761-Can-I-have-access-to-my-private-keys- . Nevertheless, I don't worry about the security of my coins at all because I'm confident of my wallet's credibility and trustworthiness. Ps: But still, much better if you hold your own private key. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: billy4u on August 23, 2018, 07:23:26 AM Gradually smartphone is getting functions and abilities. Samsung has always believed in cryptocurrency and it is showing its commitment once again. It will really be cool to have my hard wallet on my phone as I move around.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Mary Birkin on August 23, 2018, 07:41:21 AM Gradually smartphone is getting functions and abilities. Samsung has always believed in cryptocurrency and it is showing its commitment once again. It will really be cool to have my hard wallet on my phone as I move around. Lots of smartphones have a Trusted Execution Environment (TEE). So, hackers have no ability to get into and steal data. But experts say that saving large amount is not a good idea in any case. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: dang thi bich thuy on August 23, 2018, 08:14:52 AM Samsung is extremely smart when it comes to developing Blockchain technology and wants to use their phone to store wallets. Earlier this year, the company revealed that it was planning to enter the ASIC market through the production of electronic chips used to exploit codewords. This decision led to significant growth in Samsung's profitability in the first quarter of 2018.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: KINGCHACHA1 on August 23, 2018, 08:33:57 AM As far as mobile phone have been able to make life easy by allowing people to carryout some difficult task easily without stress. I do not support the use of mobile phone as a means of storing cryptocurrency. Moblie phone can be stolen at any time.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: bitfocus on August 23, 2018, 10:15:05 AM here I don't agree with Samsung, phones get stolen, phones get lost, crushes and often, they die.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Theb on August 23, 2018, 10:29:17 AM They do have specified that smartphones are the best option to store your cryptocurrencies for short to medium term storage. Which I am inclining to agree on, remember if you are expecting to spend cryptocurrencies within that year the best wallet you will be using is of course mobile wallets as this is ideal for payments on the go, of course you don't expect to be holding cryptos worth millions to mobile wallet apps but keeping a few thousands won't hurt as it is safe depending on the level of your security from both the app and yourself to your phone.
I remembered the first time I downloaded my local wallet it asked me if I want to use my finger print as a way to unlock my wallet or a regular 6 digit pin or even both. I chose the 2 modes of security in order to protect my BTC more. It does not hurt by adding a little bit more protection to your cryptos on the go. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: MNDan on August 23, 2018, 10:31:03 AM It would be quite logical and anticipated that Samsung will be the first company to develop a smartphone with built in cryptocurrency storage wallet it would be nothing amazing.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: 2fresh on August 25, 2018, 09:51:27 AM That’s good! It sounds considerable to buy samsung, i’m thinking eventually of buying one. But is it teally secure? I don’t know technicalities about phones that’s why i’m being cautious. Cryptocurrency is already a risk will mobile phones bring me to risks as well? Just thinking..... You of course take some extra risk by bringing your phone everywhere you go. They can make it as secure as they want but if you lose your phone your crypto is gone. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: bitbunnny on August 25, 2018, 10:00:34 AM How relevant is Samsung to make such claims? They also say their mobile phones are the best but to my opinion they are not, for quite some time now.
Still I think that mobile wallets could be rather safe for keeping coins. In general everything depends how caucious you are, how to you keep your phone safe and secure, are you using mobile antimalware, do you have some tools to protect your phone in case of theft or when being lost. There are many factors that influence security of coins on your mobile. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Gypat on August 25, 2018, 10:10:46 AM The idea is amazing and I think it will be more convenient and easy to use but the big question is ; how to restore your wallet in the event that the phone gets lost or spoilt. If there can be a means to restore it in such circumstances then no doubt it is the best way to store cryptocurrency.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: volos57 on August 25, 2018, 10:31:33 AM an interesting feature for smartphones! the phone is always in my pocket. it is very important that the wallet is not connected with Android system. this means that taking possession of the smartphone wallet hack will not work.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Lankabc on August 25, 2018, 10:34:35 AM Yeah even I think now it is time to bring cryptocurrency to smart phones. Smart phones have been a must for everybody. a device is being used widely . Samsungs sees the future. I think this is a good move. for the smart industry and for the crypto world.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: GotNow on August 25, 2018, 07:03:00 PM This is great! Smartphones can now function as hard wallets? Wow! Just wow! It will be more convenient for us because we can now bring our hard wallets anywhere because we always have our smart phones. We can easily access our coins if ever we need to do some withdrawals or deposits because the wallets are already installed in it. Kuddos to Samsung for making this innovation! Most of my friends and relatives are using smart phones to access and be updated in this forum. Also using as a machine by trading tokens that they get reward for a bounty campaign. Smart phones are so useful nowadays specially for those people that can't afford to buy a personal computer. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: eaLiTy on August 25, 2018, 08:12:00 PM It would be quite logical and anticipated that Samsung will be the first company to develop a smartphone with built in cryptocurrency storage wallet it would be nothing amazing. It sounds really cool without a doubt but i would not dare to store my coins in my mobile wallet even if there are a lot of features because the risk are higher than we think, i am sure majority have lost a cell phone in their life time and the high risk of hackers getting hold of your data is another factor you have to consider when you plan on storing your coins in your mobile wallet.Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Shatterlean22 on August 25, 2018, 08:28:54 PM Either way I'd use wallets that has seeds on my smartphone ,they are the safest,pls stay away from online wallets with no seed or pass phrase because you won't have total control over your funds
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: stayeduptolate on August 27, 2018, 04:08:21 PM 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. We all know that crypto currencies transactions are safest among all the form of currencies available in the market and the most important being so safest is its virtual form, being digital in form, its like next to impossible to hack bitcoin transactions and this safest transactions could be the most important reason that why millions of people find bitcoin to be that much trustworthy and the factors that makes bitcoin transactions so safe and confidential are that one it provides user anonymity and peer to peer transactions and then it also does not involve any third party seizure.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. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Dean Collins on August 27, 2018, 07:05:21 PM It's so funny that it's not even funny. Who ever believes that smartphones are a safe way to store any data at all? It has long been clear how this system is arranged and Samsung definitely should not be trusted.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: boboshrish on September 08, 2018, 02:02:20 PM But how?? Because there are so many apps in play store who ask for access your contacts, sms, notepads, photos, call history, call recording , location etc.. before installation. If u deny them then u cant install that apps. for installation you have to allow them. Then they can easily access all your data (where you saved your wallet details) which u allowed them. So how can b smartphones are safest way to store cryptocurrencies.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Cindrella88 on September 22, 2018, 12:21:32 PM The thing that I would like to agree, remember if you plan to spend the electronic money in that year, the best wallet you will use is the wallet as it is ideal for on-the-move payments. You do not expect to keep the millions of dollars worth of mobile wallet applications but keeping a few thousand will not hurt as it's safe depending on your level of security from both the app and yourself. for your phone. I have chosen 2 security modes to protect my BTC more.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: s31joemhar on September 23, 2018, 03:25:22 PM I don't think so about this. As a one of the top grossing brands of technologies in the whole world Samsung is way better for me than other phone because of its capability to adopt technologies and upgrades happening in the market. As the time comes maybe Samsung will be one of the leading partners of Cryptocurrencies in the whole world but it is business though we don't want to loss money by hacking.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: umrohyuk on September 23, 2018, 03:34:38 PM It sounds good if it is true, the growth of digital money such as Bitcoin and other major crypto currency should be followed by the improvement of technology because Crypto currency can not be separated from technology. Most of Crpto currency users are expecting to store cryptocurrency in smartphones, it will make much better and easier.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Chamaplal123 on September 30, 2018, 10:40:08 AM But how?? Because there are so many apps in play store who ask for access your contacts, sms, notepads, photos, call history, call recording , location etc.. before installation. If u deny them then u cant install that apps. for installation you have to allow them. Then they can easily access all your data (where you saved your wallet details) which u allowed them. So how can b smartphones are safest way to store cryptocurrencies. Yes you are right but if you talk about smart phone then may be PC ,Laptop also can get hack. so both are same. But now a days there are more bio-metric verification options available in smartphone which can secure our money. So I think whatever samsung claims is right and i think there should be another button like hardware wallet in future models for conforming transaction for 2FA purpose. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Compiler on September 30, 2018, 10:46:39 AM Well, there are already a couple or three companies like Samsung that also do the same, I do not know if it is the best for this because I have not tried it. Obviously Samsung will say that it is the best, but the opinion that counts here is that of the customers.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Chamaplal123 on September 30, 2018, 10:58:06 AM Well, there are already a couple or three companies like Samsung that also do the same, I do not know if it is the best for this because I have not tried it. Obviously Samsung will say that it is the best, but the opinion that counts here is that of the customers. Samsung may say that but think as user don't you think bio-metric verification,2FA or OTP verification is the best solution to secure your transactions?? Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: HanaBin on October 04, 2018, 04:43:13 AM Of course you do not expect to keep the password worth millions for mobile wallet applications but keeping a few thousand will not hurt as it's safe depending on your level of security from both the app and yourself for your phone. I have chosen 2 security modes to protect my BTC more. It would be quite reasonable and predicted that Samsung would be the first company to develop a smartphone with built-in electronic money storage wallet it would be nothing great. How are Samsung related to making such claims? However, I think that portable wallets can be quite safe to hold coins. There are many factors that affect the security of coins on your cell phone. If there can be a means to restore it in such circumstances then no doubt it is the best way to store electronic money.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: elwiswoodie on October 04, 2018, 05:43:47 AM if SmartPhone is the best place to store cryptocurrency, then why do centralized exchangers tend to use Cold wallet as a place to store their crypto assets?
I think this is just marketing, and the safest wallet is a cold wallet Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: jerichoparcon on October 04, 2018, 05:44:21 AM This is great! Smartphones can now function as hard wallets? Wow! Just wow! It will be more convenient for us because we can now bring our hard wallets anywhere because we always have our smart phones. We can easily access our coins if ever we need to do some withdrawals or deposits because the wallets are already installed in it. Kuddos to Samsung for making this innovation!
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Abbey85 on October 04, 2018, 06:06:39 AM Although it says that smartphones are the safest way to store electronic money, the flaw still exists. Smart Phone Company has added that TEE on the Samsung Knox platform offers higher levels of security. The company warns that when TEE hardware is not available on laptops and desktops, private keys stored in these devices can easily be compromised. TEE provided, Samsung said that a new program would inevitably be faulty when the device was designed as a crypto key that stores its own key on the smartphone's hard drive, thus making it vulnerable to attack. Moreover, the wallet can also be infected with malware.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: ibrar.noman on October 04, 2018, 06:35:56 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. yes, cryptocurrency wallets based on mobile phones are the safest option for the short and medium term storage of cryptocurrencies. people can deposit and withdraw their funds and can make sure the security of their wallet.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. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: PalindromemordnilaP on October 04, 2018, 06:55:26 AM I don't think keeping your crypto credentials kept in your smart phones are safer than any other alternative because your phone is easier to steal than your PC or any other device. Once the criminals stole your phone, they can always find a way to get into your phone's core and steal any information they can.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: xtrump101 on October 04, 2018, 07:01:05 AM This sounds promising, however according to john mcafee smartphones are more vulnerable than desktop computers, but base on the explation of the article it has a point of security thats the first time i heard of that TEE thing and if it really works the adoption of cryptocuurrencies i think will be faster than ever before.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: [ProTrader] on October 05, 2018, 02:34:11 PM I agree that private key should not be place in a device like smart phone because it can easily be hack by hackers. I hope that Samsung phones are secure because if this information is legitimate then I guess we need to shift our device to Samsung.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: veleten on October 05, 2018, 02:54:36 PM all Samsung wants is to sell more of his products :)
smartphones might be a good way to store cryptocurrencies but not for everyone and in every scenario for a day to day use and small change it is very convenient and easy but will you ever trust several bitcoins to your smartphone? I highly doubt that but for Samsung this statement is just another PR action and a marketing move, so well played Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: thunderbitz2717 on October 05, 2018, 04:54:34 PM This is great! Smartphones can now function as hard wallets? Wow! Just wow! It will be more convenient for us because we can now bring our hard wallets anywhere because we always have our smart phones. We can easily access our coins if ever we need to do some withdrawals or deposits because the wallets are already installed in it. Kuddos to Samsung for making this innovation! Yes really good news. Huawei also announced plan to create a Bitcoin wallet app a couple of months ago - http://www.ccreview.com/news/bitmain-launches-first-huawei-store-bitcoin-wallet-app/ Really, this is really a great news. I cannot imagine, that someday every people using their phone will going to be useful to store any crypto/bitcoins through the hard wallet development not only in the smartphones but also to all cellphone companies as well. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Saint-loup on February 20, 2019, 05:21:03 PM The show will be live broadcasted on Youtube in less than 2hours now (19:00 UTC)
https://youtu.be/ISjiJQGJ72o Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Sirait on February 20, 2019, 05:38:05 PM I really agree with Samsung's opinion.. Nowadays smartphones are the safest place to store crypto assets because,
- smartphones have become a primary human need, and are always carried anywhere. - The Google Authenticator app is very efficient on smartphones. - backing up data is easier and safer This reason I think makes a smartphone the safest place to store crypto assets. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Saint-loup on February 20, 2019, 06:40:59 PM I really agree with Samsung's opinion.. Nowadays smartphones are the safest place to store crypto assets because, Ok but we are waiting for this :- smartphones have become a primary human need, and are always carried anywhere. - The Google Authenticator app is very efficient on smartphones. - backing up data is easier and safer This reason I think makes a smartphone the safest place to store crypto assets. https://i2.wp.com/9to5google.com/wp-content/uploads/sites/4/2019/01/galaxy_10_blockchain_3.jpg https://i0.wp.com/9to5google.com/wp-content/uploads/sites/4/2019/01/galaxy_10_blockchain_1.jpg https://i2.wp.com/9to5google.com/wp-content/uploads/sites/4/2019/01/galaxy_10_blockchain_2.jpg Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: bitbunnny on February 20, 2019, 07:51:42 PM Well, the first aim of Samsung is to sell as much phones as they can so I see this as an advertisment. They hope to get even more customers, especialy those who use Bitcoins. Smartphones could be very convenient for storing Bitcoin especialy because we carry our phones always with us but maybe not the safest, at least not for every user. There is no 100% security so besides storing Bitcoin there choose also some other places to store your coins. To split your coins is the safest way, if something happenes you will not lose all your coins.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Mikwik on February 20, 2019, 07:59:09 PM Well, for me, I definitely agree with this. Because right now, I am just using my smartphone storing my bitcoins and crypto currencies just with the use of my phone having the different mobile version wallets I have. I am very grateful that I can pay, buy and any other payment transactions I can make just with a little time and less effort going to send and receive money around the globe.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Bonsaiav on February 20, 2019, 08:56:13 PM 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 role of Samsung by embedding hardware wallets into their cellphones is indeed quite neat and one step ahead, their aim is nothing but so that their sales can penetrate among cryptocurrency users especially bitcoin, as stated by others. But besides that, there are other benefits that we cannot deny that what Samsung does's really making it easier for cryptocurrency users to secure their funds in the cryptocurrency format far from hacking. In the future, it's likely that other cellphones will follow the steps taken by Samsung, so this will certainly raise a number of questions among smartphone buyers, and when that happens, this's an opportunity for us to answer them while educating them about the world of bitcoin/cryptocurrency (hopefully they are many who are interested), so we can expect the growth of new users in the future. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Saint-loup on February 20, 2019, 09:05:11 PM https://www.ccn.com/samsung-galaxy-s10-bitcoin-crypto-support
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Silberman on February 20, 2019, 10:16:52 PM Well, the first aim of Samsung is to sell as much phones as they can so I see this as an advertisment. They hope to get even more customers, especialy those who use Bitcoins. Smartphones could be very convenient for storing Bitcoin especialy because we carry our phones always with us but maybe not the safest, at least not for every user. There is no 100% security so besides storing Bitcoin there choose also some other places to store your coins. To split your coins is the safest way, if something happenes you will not lose all your coins. If that is their aim then they are going to fail because we are not like their mindless customers that just have to have the newest smartphone, we can think and we can install our own wallets without any problem in a smartphone if we wanted but many of us do not do that because that is a terrible idea, if you are going to spend that much money to store your coins then it is a better idea to just buy several hardware wallets.Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: MonsterV on April 21, 2019, 04:32:43 PM But in my opinion, on the contrary, purses on smartphones, especially Android, are still very vulnerable to security. I have seen someone hack an Android cellphone through a trojan virus inserted in the apk and which the victim will install later. If you choose a smartphone as a wallet, it's better to use apple products that have guaranteed safety
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: joshv06 on April 21, 2019, 06:37:52 PM Well, for me, I definitely agree with this. Because right now, I am just using my smartphone storing my bitcoins and crypto currencies just with the use of my phone having the different mobile version wallets I have. I am very grateful that I can pay, buy and any other payment transactions I can make just with a little time and less effort going to send and receive money around the globe. It is good news and flexible solution for those want to store crypto wallet in terms of software but there are bit security issues where these private key can be hacked. But Samsung can build prototype to protect wallet against hackers and provide MFA for accessing Samsung crypto wallet. Or other strong encryption mechanism to adopt for additional security. Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: btcdevil on April 21, 2019, 06:44:39 PM I think even with electrum andrioid wallet you can access your wallet by installing it in any smart phones and access it, even the electrum wallet can be accessed any where from passphrase. So you are fully protected but in samsung phone do they give you private key for the wallet so that if the phone gets problem we should be able to acces the wallet from other option also.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: tegarp90 on April 21, 2019, 07:01:31 PM Isn't it offline wallet is the best ?
Because smarthphones are likely connect to the internet, i think it's no way safer than the offline wallet. Also smarthphone are sometimes missing because we carried it to all places Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Nolimitz84 on April 21, 2019, 07:32:51 PM I don't think keeping your crypto credentials kept in your smart phones are safer than any other alternative because your phone is easier to steal than your PC or any other device. Once the criminals stole your phone, they can always find a way to get into your phone's core and steal any information they can. Complete agreement.Even if the phone is not lost,there are still people who will find a hole in android and steal what is necessary.Just now it is not relevant and no one cares about cryptocurrency wallets.(I mean globally).As soon as everyone starts using cryptocurrency wallets on their smartphones and there will be a lot of money spinning, I’m sure someone will find a way to steal assets.Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Wendigo on April 21, 2019, 07:36:31 PM Has anyone bought the HTC Exodus phone? It's a smartphone specifically designed to keep crypto coins safe with custom OS and whatnot. I have been eyeing that phone for quite some time and am wondering whether or not to splurge on it. HTC claims that the phone is super secure but I don't know. The problem is that HTC are in a very bad shape and can go bankrupt any time now and all support will be dropped abruptly.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: tuvok007 on April 21, 2019, 08:09:25 PM But in my opinion, on the contrary, purses on smartphones, especially Android, are still very vulnerable to security. I have seen someone hack an Android cellphone through a trojan virus inserted in the apk and which the victim will install later. If you choose a smartphone as a wallet, it's better to use apple products that have guaranteed safety It is known that Apples ecosystem is much safer than android.and how come that no one used the joke about galaxy fold fiasco and safety ;DTitle: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: teejayrichard2 on April 21, 2019, 08:37:09 PM Everything that has an advantage, has a disadvantage. Storing crypto using smartphones is good but then what if the phone crashes or gets lost. This is something we should put into consideration. Though its very good being able to access your crypto anywhere at your convenience since they are stored in your phone. Thanks to improved technology
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: lyks15 on April 21, 2019, 08:42:38 PM I am agree with samsung. Smartphone ae the safest way to store crytocurrencies. First of all your smartphone is always oon your pocket or on your body so no one can touch it so your privatekeys and password are safe. Next is your back ups. You can sync the site where your account is on log in so you can open it even you forget your password. I hope samsung and other smart phone make some innovation and application to make our bitcoin transaction more comfortable.
Title: Re: Samsung says that smartphones are the safest way to store cryptocurrencies Post by: Sithara007 on April 21, 2019, 11:11:45 PM So they mean that Android OS is safer than Windows OS to store coins? I have been dealing with crypto for more than 5 years and till now none of my wallets have been hacked. All you need to do is to follow some basic safety measures, such as enabling 2FA and avoid opening wallet links from emails. 2FA alone can prevent robberies 99% of the time.
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