Storing money on Smartphone is far more secure than desktop or laptop

[Netnox]

iOS is more secure than Android btw. If you want Android with better security get the new Blackberry Priv running Android thats been out recently.

Breadwallet ceo:

RVC: I've read that mobile wallets should only be used for pocket change. How much money can I safely keep on my phone at one time?

It's ironic, because many people don't realize that their smartphones are actually the most secure computing device they own, far more secure than desktop or laptop systems. It's wallets that can be accessed from the web or desktop that should really only be used for pocket change.

An iPhone uses the same techniques of app sandboxing and enforced code signatures that dedicated hardware wallets use. The phone is also hardware encrypted so your funds are strongly protected even if it's physically stolen. The US DOJ even complains publicly that the phones are too secure. Some people prefer to keep large amounts in paper wallets, but for someone who doesn't have a strong technical knowledge of bitcoin, misunderstanding how change addresses work can result in total loss, so they're not really suitable for the general public. There was recently a $1M dollar bounty offered for a remote jailbreak of iOS, and the winner ended up having to use an exploit in the chrome app, so if we assume markets are efficient, then in theory it should be safe to keep at least $1M in breadwallet (if you don't use chrome).

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[Lauda]

It's most likely the opposite. People have no idea how to keep their desktops/laptops secure and it is much worse then it comes to the mobile area where apps can have access to almost everything. Another problems would be apps that carry hard to remove exploits (tends to happen in android). It is not possible for a smartphone to be safer than a Linux machine solely dedicated for a wallet, running behind a hardware firewall.

[Delek]

The thing is that phones can be lost, robbed, broken more frequently than a Desktop. It is more a safety thing than a security thing I think.

[KhalDrago]

Storing money on desktop is just a pain in the ass, Smarthphone is much easier to use and at times even more secure, even if you lose your phone you can recover it. Money on Smarthphone is the future.

[Amph]

Storing money on desktop is just a pain in the ass, Smarthphone is much easier to use and at times even more secure, even if you lose your phone you can recover it. Money on Smarthphone is the future.

i do not agree, it's like asking for the next thief on the station or where you want, to steal you all your coin with your smarthphone too

there are plenty of robbers out there and many already seen their phone robbed in some place around the world, and you're saying that is the best place to store your bitcoin fortune...

i prefer my desktop secure erased first and then a fresh clean so installing, the simple rule is to not install anything and do not browse on shady website, google will help you on this, you're done really nothing more is needed

[Slark]

The thing is that phones can be lost, robbed, broken more frequently than a Desktop. It is more a safety thing than a security thing I think.

This. Even if I was sure that online wallet is secure and never will be hacked there is always possibility of physical robbery, you can drop your phone, soft update can go wrong etc.
There is no such problems with stationary PC. Even I thief broke to my home (highly unlikely) he would take my laptop or smartphone first, because my PC is rather heavy and big.

[M83]

It's most likely the opposite. People have no idea how to keep their desktops/laptops secure and it is much worse then it comes to the mobile area where apps can have access to almost everything. Another problems would be apps that carry hard to remove exploits (tends to happen in android). It is not possible for a smartphone to be safer than a Linux machine solely dedicated for a wallet, running behind a hardware firewall.

I wouldn't say the opposite but the most important information here is that nothing is really safe if you don't know what you're doing. Android or apple phones may be safer than a windows PC in most instances but you could still download a dodgy app or get some virus from clicking a dodgy link. People could also lose their phones and if they haven't got a back up then they're screwed either way. My advice is to just know what you're doing and protect yourself and back up as much as possible in case something goes wrong.

[Blind Legs Parker]

How about you own two phones? One for bitcoin, that you keep at home, like a PC, and that you never take out ; and a second one that you use as a regular phone, and maybe for bitcoin change.
Doesn't sound too bad I'd say. You can get cheap smartphones for $50 nowadays if you don't want to put too much money in it.

[KhalDrago]

It's most likely the opposite. People have no idea how to keep their desktops/laptops secure and it is much worse then it comes to the mobile area where apps can have access to almost everything. Another problems would be apps that carry hard to remove exploits (tends to happen in android). It is not possible for a smartphone to be safer than a Linux machine solely dedicated for a wallet, running behind a hardware firewall.

Using desktop has much more risks, so many virusses, links, downloads, can cause a robbery.

[KhalDrago]

The thing is that phones can be lost, robbed, broken more frequently than a Desktop. It is more a safety thing than a security thing I think.

This. Even if I was sure that online wallet is secure and never will be hacked there is always possibility of physical robbery, you can drop your phone, soft update can go wrong etc.
There is no such problems with stationary PC. Even I thief broke to my home (highly unlikely) he would take my laptop or smartphone first, because my PC is rather heavy and big.

lmao seems u arent familiar with smarthphones at all? You dont lose your coins if you drop your phone, you can revover it easily. btw your pc can just malfunction, get virusses, get damages and tons of other things aswell.

For a thief to access your coins, he would need to unlock your finger print to even access the phone if u have set it up, or your passcode or pattern code, then he has to unlock your app (if you have set up passcode for apps), then he has to send your money which also requires the passcode. Untill then i already have transferred my funds somewhere else, so good luck buddy.

[samuel999]

It's most likely the opposite. People have no idea how to keep their desktops/laptops secure and it is much worse then it comes to the mobile area where apps can have access to almost everything. Another problems would be apps that carry hard to remove exploits (tends to happen in android). It is not possible for a smartphone to be safer than a Linux machine solely dedicated for a wallet, running behind a hardware firewall.

Using desktop has much more risks, so many virusses, links, downloads, can cause a robbery.

There are two risks to this. You can have a less technically secure desktop but it is more likely to not be stolen or you can have a smartphone which is technically more secure but more likely to get stolen, lost, or broken. With a desktop, you can control everything and all the software installed on it. You can't do that with a smartphone. A desktop can also be configured to have encrypted hard drives, sandboxing, and whatever else that makes smartphones more technically secure. After all, a smartphone is really just a tiny computer. Desktops can also download the full blockchain so you aren't relying on someone else for the right data. A proper cold storage desktop wallet cannot download viruses and should not have anything on it except for the wallet software. Also, a desktop cannot be as easily stolen, lost, or broken as a cell phone is.

[samuel999]

The thing is that phones can be lost, robbed, broken more frequently than a Desktop. It is more a safety thing than a security thing I think.

This. Even if I was sure that online wallet is secure and never will be hacked there is always possibility of physical robbery, you can drop your phone, soft update can go wrong etc.
There is no such problems with stationary PC. Even I thief broke to my home (highly unlikely) he would take my laptop or smartphone first, because my PC is rather heavy and big.

lmao seems u arent familiar with smarthphones at all? You dont lose your coins if you drop your phone, you can revover it easily. btw your pc can just malfunction, get virusses, get damages and tons of other things aswell.

Really? How do you recover the coins from a phone you dropped that the screen completely shattered so that it is unusable? And smartphones can malfunction, get viruses, and become damaged and tons of other things as well.

For a thief to access your coins, he would need to unlock your finger print to even access the phone, or your passcode or pattern code, then he has to unlock your app (if you have set up passcode for apps), then he has to send your money which also requires the passcode. Untill then i already have transferred my funds somewhere else, so good luck buddy.

That is only if you set a passcode for your phone, the app, and the wallet.

[Lituation]

Strongly disagree with this statement. When thieves stole my phone I couldn't even use 2fa and sms verification but I was lucky to not use any mobile wallet. I might lost all my BTC. Bitcoin Core in a safe PC is the best choice for BTC storage. I don't feel safe when I have anything in my phone, even my photos. I regularly clean my phone and take backups to my PC.

[sartorpc]

They can be safer electronically but physical robbery is a great risk, also breaking the phone, or loose it.. I stick with computer wallets, if you know how to keep it safe it is still the best way of storing your coins

[BitcoinNewsMagazine]

Breadwallet ceo:

RVC: I've read that mobile wallets should only be used for pocket change. How much money can I safely keep on my phone at one time?

It's ironic, because many people don't realize that their smartphones are actually the most secure computing device they own, far more secure than desktop or laptop systems. It's wallets that can be accessed from the web or desktop that should really only be used for pocket change.

An iPhone uses the same techniques of app sandboxing and enforced code signatures that dedicated hardware wallets use. The phone is also hardware encrypted so your funds are strongly protected even if it's physically stolen. The US DOJ even complains publicly that the phones are too secure. Some people prefer to keep large amounts in paper wallets, but for someone who doesn't have a strong technical knowledge of bitcoin, misunderstanding how change addresses work can result in total loss, so they're not really suitable for the general public. There was recently a $1M dollar bounty offered for a remote jailbreak of iOS, and the winner ended up having to use an exploit in the chrome app, so if we assume markets are efficient, then in theory it should be safe to keep at least $1M in breadwallet (if you don't use chrome).

This is just plain wrong. Your private keys are just as much at risk on a smartphone as a laptop, perhaps more so depending on the phone. This is why using Mycelium with a Trezor on Android is so popular.

[KhalDrago]

The thing is that phones can be lost, robbed, broken more frequently than a Desktop. It is more a safety thing than a security thing I think.

This. Even if I was sure that online wallet is secure and never will be hacked there is always possibility of physical robbery, you can drop your phone, soft update can go wrong etc.
There is no such problems with stationary PC. Even I thief broke to my home (highly unlikely) he would take my laptop or smartphone first, because my PC is rather heavy and big.

lmao seems u arent familiar with smarthphones at all? You dont lose your coins if you drop your phone, you can revover it easily. btw your pc can just malfunction, get virusses, get damages and tons of other things aswell.

Really? How do you recover the coins from a phone you dropped that the screen completely shattered so that it is unusable? And smartphones can malfunction, get viruses, and become damaged and tons of other things as well.

For a thief to access your coins, he would need to unlock your finger print to even access the phone, or your passcode or pattern code, then he has to unlock your app (if you have set up passcode for apps), then he has to send your money which also requires the passcode. Untill then i already have transferred my funds somewhere else, so good luck buddy.

That is only if you set a passcode for your phone, the app, and the wallet.

You can recover your coins from another device if your phone breaks, regarding stealing if you have money stored in your phone u must be smart enough to have passcodes on it aswell. Untill the thief has unlocked everything i already have transferred my funds somewhere else.

I surf the web, download movies, games, etc. on my pc so its a greater threat than my phone, not to mention i can access my funds on my mobile much more easily and make payments.

[samuel999]

You can recover your coins from another device if your phone breaks, regarding stealing if you have money stored in your phone u must be smart enough to have passcodes on it aswell. Untill the thief has unlocked everything i already have transferred my funds somewhere else.

I surf the web, download movies, games, etc. on my pc so its a greater threat than my phone, not to mention i can access my funds on my mobile much more easily and make payments.

I also surf the web, downlod movies, games, etc on my phone as well. So my phone is just as big as a threat to my wallet as my pc is. Except I also keep my coins on in a cold storage wallet that isn't connected to the internet, cannot download anything, and only has my wallet on that. That is far more secure than storing the Bitcoin on my phone.

And if you think you can't get a virus on a smartphone because you downloaded the app from the official app store, think again. Just do a google search and you will find many cases of apps that were viruses that were allowed on official app stores.

[spazzdla]

If it wasn't created offline it's not safe.

[KhalDrago]

I think iPhones are safer than desktop and Android less safe, majority of comments here are about Androids, with iOS you are pretty good secured. If u want to access to my phone u have to cut off my finger to even access my phone not to mention passcode for spending my btc, so until you have spend the time to even access my phone, i have transferred my funds somewhere else.

[Kprawn]

I think this is a reckless statement to make... Most people do not even run anti-virus software on their smartphones and they install any crap possible on there.. clicking through the

options, without even reading what they saw there. I bet you, if someone sneaked a option in there to allow anyone to read all their text messages and access their whole gallery and

listen in on their phone calls, they would not pick it up.... Just include it with some Cool App or cute game, and they will click through it like a hot knife through butter. People are quite

ignorant, when it comes down to the technical things.