How safe is it to store your bitcoins on a mobile phone?

[flaba]

I personally save bitcoin on my phone, the safety is not 100% that these coins will not be touched every by anyone, but even if you store on the phone try to ask for 2FA, lock the screen, lock the apps with an additional password or mazelock

yeah save bitcoin wallet phone is basically similar to the store in the wallet in general. but it may be more easily stolen when others people borrow your cell. therefore you should add some authentication such as passwords or other authy. it will make your bitcoin safe in the phone

For me i dont use 2FA  i find it hassle when im  trying to login my wallet, because i beleive 2fa can be bypass if your email is being hack, it really matters on wallet holder on how he makes his wallet safer,

Use 2FA and a gmail account with a phone number added to it. i use 2fa for better security and sleep freely.

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[The Sceptical Chymist]

I use my phone exclusively to store Bitcoins. Well that's only the half truth. I watch all of my Bitcoin addresses on Mycelium but 99% of my Bitcoins are on paper wallets I generated on an Ubuntu Live USB. I don't really use a computer this day and age, other than if I want to create some new vanity wallets or a new paper wallet.

So depending on how your setup is, smartphones can be a very safe way to 'watch', and to a lesser extent actually store Bitcoins. You'll always need a hot wallet anyways it might as well be on you at all times with a few mBTC ready to be spent.

Same here and I've had no trouble thus far.   But I don't have a lot anyway,  so if I lost it all I wouldn't exactly be ruined financially.

[Mumbeeptind1963]

100% not safe.. if you want to store your bitcoins on mobile use 2FA, Screenlock, Fingerlock and other apps to use before they can open specific bitcoin wallet. It's better safe than never. Being handy is not bad but you must be responsible on your own way. It's your money it's your life you must keep it safe at all times. Don't put your phone or leave it anywhere else even your drunk. put it where you not gonna loose it.

[Rude Boy]

I cannot assure for 100% but when my mobile is with me all my funds will be secured. I'm using mycelium android wallet. And i've backup my wallet 3 times on different places and different methods. Also i've set password for my wallet as well as to open the app.

[BitcoinNewsMagazine]

I cannot assure for 100% but when my mobile is with me all my funds will be secured. I'm using mycelium android wallet. And i've backup my wallet 3 times on different places and different methods. Also i've set password for my wallet as well as to open the app.

Mycelium is a good Android wallet but it is only a matter of time until there is Android malware stealing bitcoin through key logging or transposition of bitcoin addresses. I would never store more than needed for a days shopping on Mycelium. That is just asking for theft. The good thing about Mycelium is it works perfectly with Trezor.

[Crazygreek]

I think working with bitcoin is anyway safe if be attentive to scammers who want to get your money for free 
I have wallet on my iphone and i have no problem for 1 year. And i hope it will not happen

[uname]

I think working with bitcoin is anyway safe if be attentive to scammers who want to get your money for free 
I have wallet on my iphone and i have no problem for 1 year. And i hope it will not happen

use the wallet phone is basically similar to an online wallet. so it will be safe if you use multiple verification and lock your wallet application with a password. then it will be more secure dude

[dsyahputera]

I think all of this depends on the user. We wary of malwares on mobile phones as well as we wary of malware in our pc (especially laptop because of its portability like mobile phone). We encrypt the mobile wallet as we encrypt wallet in our pc. So it depends how you secure your mobile phone. Will necessarily be different it feels bring a mobile phone that contain 5 BTC anywhere with only contains $10 in your mobile phone.

[adamstgBit]

How safe is it to store your bitcoins on a mobile phone?

if you have some clue what you're doing i guess your phone wallet is fairly safe
but its by no means a long term storage solution.

[Viyamore]

For me it is safe ,from now and then i only use a mobile phone to earn ,to trade coins etc . But safety of our bitcoins i think it will depends on the apps that we installed because some of the apps have a permission to browse our hisyory and some passwords yo be stealed . So for me installed only the apps that is trusted.

[justspare]

I prefer to use electrum wallet and also using blockchain.info. Electrum is based if you like to hold your coins for long term. You just have to save private key of the address you will use and also the recovery phrase they provide at start. Blockchain.info is very handy if you like to keep sending and receiving bitcoin everyday.

I wouldn't store most of your Bitcoins on blockchain if I were you, as that is quite dangerous.  Electrum is a good alternative to other online wallets though.

[betohell]

if I do not have a transaction that often every day. I would prefer to keep on the desktop bitcoinku online wallet or purse like blockchain. because I thought it would be safer in an appeal using an online wallet

[Indrawan77]

In my opinion it is better to move it to computer or laptop and store it in offline wallet, laptop provide a more secure security

[Drakrmaster]

U mean mobile offline wallet or online wallet ?

[Altynbekova]

In my opinion it is better to move it to computer or laptop and store it in offline wallet, laptop provide a more secure security

Totally agree with this. Storing your bitcoins on anything online is risky. Since it can be hacked. The hacking part is worse, but since it can't be reserved you can lose all
Which is 1 reason to not store it online..

[Jeremycoin]

The answer is simple. If you lost your phone, than you're done.
But if you could erased the data of your phone (by any method) before someone's using it it, than you're pretty safe.

[ekoice]

The answer is simple. If you lost your phone, than you're done.
But if you could erased the data of your phone (by any method) before someone's using it it, than you're pretty safe.

I dont think it is a good suggestion to save bitcoins on mobile since mobile data can be erased as well as mobile can be stolen as well which will ultimately create problem for the user itself. so no recommendation from me in this regard.

[European Central Bank]

What's all this stuff about losing coins if you lose your phone? Write the seed down and put a pin on the wallet. Your worries are over.

[DimensionZ]

Well it makes no sense to back up your private keys on your phone because you can lose it or it can get stolen or it can simply stop functioning and your coins will be lost forever. I would suggest using a mobile Bitcoin wallet that can spend from cold storage like Mycelium. You have to create a paper wallet that will hold the majority of your Bitcoins. Then when in need you will be able to dip into that stash and spend coins from there and it will be safe because the data only exists in your phone's RAM memory and after the transaction is complete all the tracks will be erased. So in this way you will have a very safe cold storage at home and a phone that can act as a credit card of sorts to your cold storage.

[Hirose UK]

It's save enough to store bitcoins on phone. I've done it several times, and nothing's bad happened. maybe for the tips, don't download too many applications and don't klick links, be careful of these things. It's same tips if you want to store your bitcoins on PC.