Samsung: Smartphones are the Most Secure Device When Using Cryptocurrency

[hatshepsut93]

I always thought smartphones were a lot safer due to most likely less malware targeted at them(though not 100% sure), unless your phone is rooted and you're giving a lot of special permissions to random scammy apps. Though I've always though up to date iPhones were more "secure" compared to Samsung phones or android phones in general.

Nothing beats a hardware wallet over-all in terms of security+ease of use though.

As far as I know, smartphones and tablets are more secure than desktops because the apps are more separated from each other and there's not much shared space. But it's possible to have similar security on desktops with virtualization tools, there's even a whole OS called Qubes that allows users to easily create isolated boxes, so you can put your work, finances and entertainment into different containers that can't infect each other.

But regardless, it's not a good idea to have your saving wallet on any kind of online device, those devices should only be used to access smaller daily spending wallets.

[MadCryptoLover]

But smartphones can be easily accessed by other poeple, I mean physically.

People always carry their phones with them, so chances of their mobile being lost or stolen are more. Doesn't it risk their investment?

[Kakmakr]

There is no device smart enough to compensate for dumb people. Let me use this example : The hacker manage to install a Malware on the Android OS and it simply replace the Bitcoin Address that you use, with their own Bitcoin address. A lot of people seldom double check addresses when they use their wallet, so they end up sending coins to a hackers Bitcoin address and not to the intended recipient.  

What do you do if the Hacker gets your GPS location <Home> and rob you at your house?  

[bitcoin31]

Samsung is one of the best device in the world. The security of samsung smartphones is really secure so I think your cryptocoin or anything that you want to save using samsung will be safe but you need also other protector like antivirus or anything that can protect your devices.

[aizen10]

I just prefer to use hardware wallet, because it is more secure than any wallets online,  like web wallets and wallet apps in smart phone. You have more control in hardware than those options.

[zolfa]

smartphones, bitcoin and crypto world is a facility that will be used for transactions in the future, it will be more perfect and easier.

samsung is a smartphone that supports crypto growth, they created Samsung S10 with ASIC card, and I think Samsung will be a smartphone that can realize bitcoiner dreams.

[MeganRice1212]

I do not agree with this idea, because smartphones now have a lot of bugs, though many smartphones from big companies like Apple, Samsung, etc are still very secure in terms of security. But there are also bugs that even programmers cannot predict. Blackhat hackers easily take advantage of these bugs to create a backdoor on smartphone systems to obtain information on the merchant's dealings.

[Elmer1]

There is no device smart enough to compensate for dumb people. Let me use this example : The hacker manage to install a Malware on the Android OS and it simply replace the Bitcoin Address that you use, with their own Bitcoin address. A lot of people seldom double check addresses when they use their wallet, so they end up sending coins to a hackers Bitcoin address and not to the intended recipient.  

What do you do if the Hacker gets your GPS location <Home> and rob you at your house?  

Hahaha . Its simple . If you earn a lot of money you can secure your house put a lot of bodyguard and cctv doble lock your door put many dogs on your house to protect . Its 20th century theres a lot of technology to secure and protect ourself

[Anzorchik777]

Why iphone is not good?

[audaciousbeing]

I always thought smartphones were a lot safer due to most likely less malware targeted at them(though not 100% sure), unless your phone is rooted and you're giving a lot of special permissions to random scammy apps. Though I've always though up to date iPhones were more "secure" compared to Samsung phones or android phones in general.

Nothing beats a hardware wallet over-all in terms of security+ease of use though.

The article is really an eye opener from another angle. But the argument I have always read about the more secure between laptop and mobile has not been significantly disadvantageous to mobile as majority of the argument is between web wallets and desktop wallet in which the bone of contention has been who controls the private key. The only issue I see here is how to then store the right way because only few people would know about TEE and majority if the mobile version of desktop wallet are "plug and play" where you just need to install and run without doing basically any technical job. The onus of ensuring this to me, rest on the developer of such software to by default save private keys in the right place.

[bloodyvio]

no i dont think so
when the phone is lost or stolen then you will lose all your assets
i'd prefer to keep all my assets in the wallet hardware and keep the private key on some sheets of paper and hide it in a place where only i know

i hope in the future private key will be replaced with fingerprints to access the assets
so i do not have to worry about losing my assets because only using fingerprints is the only way to access them

[jj6009]

i think iphones are more secure than Samsung,
Yes android gets less  malware scares,  but you need be smart and more secure about what type of app you are going to install . Even some apps in google play store can't be trusted. &
NEVER INSTALL Cracked Apps , If your storing sensitive data in your phone .

[IndoUSminus]

What a surprising news! Never thought about it this way... Thanks for letting us know.
Here's the link for those who might get interested:
https://finance.yahoo.com/news/samsung-smartphones-most-secure-device-210755787.html?guccounter=1

[FroggysDoggy]

Who would have thought that smartphones are more secure? Thanks for the info. I'll keep it in mind.

[FroggysDoggy]

What a surprising news! Never thought about it this way... Thanks for letting us know.
Here's the link for those who might get interested:
https://finance.yahoo.com/news/samsung-smartphones-most-secure-device-210755787.html?guccounter=1

Thanks for the link!

[asbak66]

Yeah im agree because if you have in your hand youll be safe
Now the next is step is finalizing the idea

[gentlemand]

I'd like to know how many phones in places like China and Africa are running dodgy OS's and pirated apps. There must be hundreds of millions of them and they're possibly wide open compared to a nice fat Westerner locked into the Apple or Play store.

[JPSelzer]

Perhaps malware for smartphones is less than for a computer or laptop, but I'm not sure that in terms of security the smartphone will win. If desired, and your computer can be perfectly secure and just need to be careful. And the smartphone? What if it's lost? So his safety is highly questionable.

[bartolo]

no i dont think so
when the phone is lost or stolen then you will lose all your assets

Not necessarily, if at the time of creating the wallet on your smartphone you copied the seed on a sheet of paper, you can restore it on a new device. The only problem you can have is that someone steals your mobile and manage to guess the wallet password, but if you react quickly, restore the wallet and send the funds to another different wallet of yours, you will not lose your coins.

[allycn]

Although I do believe that smartphones are safer than using a computer, I don't think they are safer than a hardware wallet or a paper wallet. Just 2 nights ago my phone was stolen with lots of important info (nothing crypto related other than Blockfolio), and I am thankful I always used better judgement than to use any kind of smartphone wallet.
However, I would be willing to use an app that allows me to pay with cryptocurrencies from my phone (having only a small portion of my crypto in there).