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

[Altcoinsupporter]

Exactly what i thought of. If someone found out about how much money is stored your mobile phone after you lost it, you can say goodbye to it.
if you however just store few coins to it, its fine.

I think before you use a wallet phone you must have backed up the purse or the private key of the purse and when you lose your phone. You will not lose your bitcoin and make sure you provide the password for the application on your wallet in your phone

The bad thing of Bitcoin is that you dont know what can happen and of course you can be hacked and that is bad because than you lose a lot of money.
But the safest method that you can do with Bitcoin is that you have to save it in your online wallet.

[1714556257]

1714556257

[1714556257]

1714556257

[LLec]

I think is not a safe method to store wallet/ or personal data.
For e.g. yesterday I receive an sms with a strange link. So I don't click it, but is really simple install a fake app or click on fake banner and download many some trojan or other viruses.

[Herbert2020]

I think is not a safe method to store wallet/ or personal data.
For e.g. yesterday I receive an sms with a strange link. So I don't click it, but is really simple install a fake app or click on fake banner and download many some trojan or other viruses.

well, that is true about any computer system and as long as you are not careful and connected to internet you will be in danger of getting infected.

that is why there is this thing called "cold storage" for bitcoin, you cut all the internet connection to a new and clean system and then store your bitcoin there to save it from attacks.

[Labumi]

I think is not a safe method to store wallet/ or personal data.
For e.g. yesterday I receive an sms with a strange link. So I don't click it, but is really simple install a fake app or click on fake banner and download many some trojan or other viruses.

Yeah, the hackers have many ways to take other people's personal data. They can only provide an application that looks safe but actually in it there is a Virus that can take your details. If you prefer to use a mobile phone as storage should you give a 1 mobile specifically for placement of the Bitcoin and Bitcoin wallet installed only

[RobinHoodster]

Exactly what i thought of. If someone found out about how much money is stored your mobile phone after you lost it, you can say goodbye to it.
if you however just store few coins to it, its fine.

I think before you use a wallet phone you must have backed up the purse or the private key of the purse and when you lose your phone. You will not lose your bitcoin and make sure you provide the password for the application on your wallet in your phone

The bad thing of Bitcoin is that you dont know what can happen and of course you can be hacked and that is bad because than you lose a lot of money.
But the safest method that you can do with Bitcoin is that you have to save it in your online wallet.

I think that it is pretty safe but remember that your phone could also get hacked but I believe that that chance is a little smaller then your pc getting hacked. The bigger problem is not to lose your phone because you will also lose you bitcoins.

[HeroCat]

It is not safe, as you can simple forget somewhere your mobile etc. Better is to keep BTC in your desktop wallet. 

[SilverPunk]

I think it depends on the holder the people itself first for how it is stored on a mobile phone. ALso it depends on the apps who can see the apps and accounts log in on that phone .it will safe if it always secured by installing unknown files is manageable .downloading with softwares etc..

[InsideBjorn]

It is not safe, as you can simple forget somewhere your mobile etc. Better is to keep BTC in your desktop wallet. 

If you lose you mobile phone somewhere then you have just lost two important things at once which is not a good thing. So I think saving them on a HDD somewhere it home is a bit saver to do.

[Doms]

If you intend on keeping your mobile phone at home (all the time), there's a small chance that you'd misplace it. But you run the risk of endangering your bitcoins if your phone gets stolen in the street, a common occurrence in many of the streets here in my country.

[MaritiJames3]

It is not safe, as you can simple forget somewhere your mobile etc. Better is to keep BTC in your desktop wallet. 

If you lose you mobile phone somewhere then you have just lost two important things at once which is not a good thing. So I think saving them on a HDD somewhere it home is a bit saver to do.

Losing your phone while you have Bitcoins stored in it is a perfect example of a worst case scenario. You could have bought a new phone with those Bitcoins but if you have them on your phone and lose it then not.

[raaajlucky]

If you intend on keeping your mobile phone at home (all the time), there's a small chance that you'd misplace it. But you run the risk of endangering your bitcoins if your phone gets stolen in the street, a common occurrence in many of the streets here in my country.

Yes this is correct if your bad you left your mobile in any where means it's gone so better don't take chance who know what happen tomo so better choice is to keep your Bitcoin in your system that is the safest place instead carrying your every where keep it in one place. This is same as credit card once lost that's it gone there atleast you can block your card here that facilities not there.

[biggbox]

I used to store about 0.3 BTC on my mobile phone. But my phone got wet and its internal was probably damaged by a thunderstorm, and you guess it, my phone died, along with my 0.3 BTC. I did not keep the seed or private keys else where.

[namcunguyen]

Exactly what i thought of. If someone found out about how much money is stored your mobile phone after you lost it, you can say goodbye to it.
if you however just store few coins to it, its fine.

I think before you use a wallet phone you must have backed up the purse or the private key of the purse and when you lose your phone. You will not lose your bitcoin and make sure you provide the password for the application on your wallet in your phone

Generate your private keys in a secure, offline environment (besides small amounts stored in a hot wallet).
Create backups of your private keys or wallet seed ensure that no small accident causes a loss of funds.

[Oralmat]

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.

This is actually some pretty good advice; I think that storing it in a phone has the same risks to storing it in a computer; they both have chances of being affected by malware. Also when it comes to being stolen; if you carrying a laptop and a phone; its highly likely that your laptop will be robbed and your phone will still remain on you. But if you’re worried about your phone being stolen just keep it safe where you know no one will find it.

[lumeire]

I used to store about 0.3 BTC on my mobile phone. But my phone got wet and its internal was probably damaged by a thunderstorm, and you guess it, my phone died, along with my 0.3 BTC. I did not keep the seed or private keys else where.

Better to keep multiple copies on a safe place. Well, as for me I have funds on the Blockchain wallet plus I have the private keys printed and stored here at home.

[amine14madrid]

I trust my mobile to store few bitcoin cents, i now security isn't the best but if you don't install not trusted apps i think its secure enough for small amounts.For bigger amounts i don't trust mobile wallets.

[hasiramasenju]

i personally wouldn't recommend to save your bitcoin into mobile phone because I had a bad experience my smartphone has died because i was dropping my smartphone into the rivers when i was on vacations several month ago and i can't access my wallet and all my private data was gone and i think if you want store your bitcoin especially for huge amount my advice is just save into your private computer or laptop and don't let someone else use or access your computer

[jacktheking]

i personally wouldn't recommend to save your bitcoin into mobile phone because I had a bad experience my smartphone has died because i was dropping my smartphone into the rivers when i was on vacations several month ago and i can't access my wallet and all my private data was gone and i think if you want store your bitcoin especially for huge amount my advice is just save into your private computer or laptop and don't let someone else use or access your computer

Not if you have saved your private key or made a backup. Your experience with storing (small) amount of Bitcoin in mobile based wallet will be very different if you did what I just wrote.

I believe most smartphone based wallet have at the very least a backup option. If you have made a backup, you should be able to retrieve your Bitcoin with a internet connected computer - or even smartphone. Since it was dropped into the rivers and you already got the phone back, I doubts any can steal your Bitcoin.

[Wendigo]

Guys I think it's better to focus our attention on where we are keeping our private keys to the Bitcoin wallets we are using and how secure the place where we are keeping them is. We need to take into consideration that it doesn't matter on which device we have our Bitcoins as long as the private keys are in a secure environment. Storing our Bitcoin on a laptop rather than on our smartphone doesn't mean that it will be automatically 100% more secure because our laptop's storage device may die or a power surge can destroy its components while charging etc. We need to make sure that in an unfortunate event like this we have back up copies at hand to log into any other Bitcoin wallet and restore our funds. We are not talking about cold storage here, we are trying to secure the coins on mobile devices we use for actual Bitcoin transactions daily and the first step is to back up our private keys and keep them safe off the device and not keep copies on the device 

[ethereumhunter]

If you put the bitcoin on phone the risk is lost of phone its self. That was my experience and i am still luck because i still have back up priv key on another place. And my bitcoin is still save.