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

I'm locked out of my wallet due to damn 2FA and can't run my faucets at the moment. Really annoying.

Secure, yes. Annoyed - very!

Quote from: thefaucetrunner on November 27, 2015, 05:09:43 AM

I'm locked out of my wallet due to damn 2FA and can't run my faucets at the moment. Really annoying.

Secure, yes. Annoyed - very!

lol
faucets?
What did you lose, 10k satoshi?

Anything that's connected to the internet has a risk factor, whether if it's a phone or pc/laptop.

I would store it on something that doesn't have the internet connected to it.

iso to android you can make just as secure both are the same it just depends on how you store your coins what wallet your using and how much you are placing on your phone. I have my wallets on other devices besides my phone so I can access it on any and uses a pin and password to access or spend coins on my phone. If its lost I can send a signal to kill the phone and wipe all data on it if needed. So even if lose it I wont lose my coin or personal details and has wake up option if phone gets turned off. If another sim is placed in it will ask for pinto change so my phone is very secure. only way someone is going to access it is if flashing and wiping it, and even then wont work on network due to being blocked so can only use as like a notepad.

I would absolutely never store more than 50 bucks ish of btc on my phone- way to many ways to lose your phone and its already awful losing your phone let alone losing your btc.

A powerful desktop that could run a tweaked Armory wallet is probably the most secure system I could think of that could be relied to keeping large sums of bitcoin. Smartphones are just too delicate to be used as a orimary storage of big amounts of coins.

Quote from: btckold24 on November 27, 2015, 10:35:13 AM

I would absolutely never store more than 50 bucks ish of btc on my phone- way to many ways to lose your phone and its already awful losing your phone let alone losing your btc.

its just like you're using any hardware wallet, you can lose it anyway,but there must be way to recover it back

It's one of the most insecure storing methods. You lose your phone you lose your coins. Your phone is hacked your coins are stolen. Somebody take your phone from you he has access to your money. Never put BTC to your smartphone.

How about SmartPhone + Armory, it's the most secure combination.

Quote from: Lauda on November 23, 2015, 03:03:23 PM

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

I would have thought phones would have been a lot more insecure than a PC wallet... I think I agree with you.

Quote from: Netnox on November 23, 2015, 02:58:13 PM

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

I call bullshit on this one. Anybody with half a brain knows that phones are the most insecure electronic items that you can ever touch.

Not just that they ping the GPS coordinates to possible thieves (so possible armed robbers know exactly where the chest of gold is).

Then you got hardly any antivirus for phones that works, nor you can verify the signatures of those files you download.

Storing large amounts of BTC on a phone is like begging to be robbed.

Have to realize that that requires alot of storage space being used if you got with the smartphone option.

Quote from: RealBitcoin on November 28, 2015, 02:16:45 AM

Quote from: Netnox on November 23, 2015, 02:58:13 PM

As a basic phone with no security yes. But having it locked down and a lot of stuff stripped out and security locked can prevent all of what yo say. Take the ping you can disable this on apps requesting access to it and limiting it. YOu only need anti virus on your phone if you are downloading a lot and even then most are useless. One am using seems to do the trick right now is CM security that shows any leaks or shit trying to access my stuff and never had any problems with it. I am also on a custom rom however this has been cracked down on security and a lot added and also removed from the default one that has vulnerability in it. Having a phone from a shop is not secure it is what you do after that to make it secure that counts.

I personally think that for pure beginners, insured web wallets are the best solution. I know many people don't like it as it's the equivalent of using Paypal but for some people who just want to buy and forget without the hassle of understanding how to backup and save your stash, it does not sound too bad to keep it on Coinbase or Circle, granted they have the 2FA enabled.

Quote from: romjpn on November 30, 2015, 04:39:05 AM

Despite that, you won't have full access of your keys and you have to comply with their terms. They do restrict certain transactions. Circle only covers up to $100 and it isn't perfect. Coinbase covers only if the hacking is due to their incompetence. A normal desktop wallet is secure enough provided that you have no virus which is easy to achieve. I have stored up to $200 on my computer and to this date, I haven't lost a single satoshi.

For me I just use my phone much closer to me

Even if we use our phone to store the bitcoin wallet it is necessary to have one or few backups because the phone is not static like PC and can be lost/stolen at any time.

I can understand the point that is being made. The system of iOS might be more secure than android but at the end of the day, a mobile phone is still an electronic device. There is a bound to be a zero-day or fault that not even the developers know and if there is incentive to find it, people will look for it. To this day forward, I will believe a paper wallet that is safely stored away from any harm (environmental, random acts of god, etc) is the best way to keep your bitcoin. I feel every electronic device has some flaw. The second best to a paper wallet would be maybe a Hardware wallet which would keep your coins secure.

For me i prefer to store it in laptop, phone can be lost and easier to broke compare to laptop