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Author Topic: My mind is unrest  (Read 313 times)
Silver005
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April 04, 2023, 02:17:36 PM
 #41

One have to be very careful with who you allow to touch or operate your phone because no one is trusted,due to what we have been seen in this world,

Again if os is 💯 percent sure of storing you Bitcoin in the USB,i don't mind spending my last card of money try to acquire it and store all my funds there and it will be safe, so as to let my mind be at rest, because my mind will never be at rest if there's no protective and secure place for my Bitcoin, I will always feel worries especially when it happens that my phone will be kept somewhere else where trusted and untrusted people are. Very very scaring indeed.
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April 04, 2023, 02:49:39 PM
Last edit: April 04, 2023, 05:42:30 PM by Rikafip
 #42

Hardware wallet is best place for saving Bitcoin fund, but its not really necessary when you have option holding assets in free wallet like Trustwallet or any mobile phone wallet.
Mobile phone wallets are one of the least secure ways to store your crypto and it should be only used as a hot wallet due several reasons; first, mobile phone (especially android based ones) are prone to malware attacks and 2nd, you open yourself to a $5 dollar wrench attack.


I have been several years with cryptocurrencies and still not use hardware wallet for saving bitcoin, most time hold and save bitcoin in exchange account.
If mobile phones are one of the worst places to store your crypto, then exchanges (and other centralized platforms) are the worst possible place. You are playing a very dangerous game if you think that your bitcoin is safe there after everything that has happened lately and milions of people losing their money because they used exchanges as banks (which they obviously aren't). After all, its far cheaper to learn from other people's mistake than from your own.

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