Samsung says that smartphones are the safest way to store cryptocurrencies

[satosibtc1000]

In fact, it will be a very good product because the cryptocurrency is now popular and it is also popular to steal)

[darthmaul]

So it is kind of completely different storage within the phone which will distinguish the storage of crypto graphs and hence our coins? Isn't that is the same thing as storing the crypto coins in the off-line wallets over a PC or desktop. Furthermore I do see same thing with the hardware wallet too. Well its sole purpose is to store the crypto's and it is well separated from the online network as long as you do not connect it to the internet. While on the other hand crypto currencies in the phone will be connected to internet all the time and may get accessible with smart hacks. You never know what might go wrong mate.

[Aura]

I disagree with this statement from Samsung, even if it was a safe option then it is still not the safest option. Offline storage is considered safe, but that is not really the case with phones. The purpose of a portable phone is to communicate with others over distances, so you are always connected to some sort of telephone network. New smart phones also include different wireless communication functionalities like WiFi, which stops you from being offline. Malware could potentially access your phone via WiFi or other forms of communication and steal your private keys. The most safe option for storage is really a paper wallet, digital devices with wireless communication functionalities cannot compete with that.

[airinnesmith26]

Yeah then after some months samsung will have made a smartphone targetting all cryptousers of the world.Which i think is a good thing and will surely be beneficial for us.

[zinson01]

Sure some of them like smartphone or pc are more secure. Usually smartphones catch less viruses and malware than Pc. But there is also possibility to steal information with your smartphone.

[bob_rushford]

It's great to see Samsung set the trend again. Fistly it was mobile industry and now its the crypto world at its behest on the verge of disruption.

[NelfiNovita]

good development, this will make it easier for us to make transactions quickly because it can be used anywhere and anytime. without us having to carry our laptop and wallet safely. bitcoin is the best because it can be used with sophisticated and simple.

[jundy020]

Ee?! I think it is still depends on the users or the wallet holders because of the rising popularity and good potential of cryptocurrency, companies are making advertisements or upgrades on this Blockchain technology to increase the volume of their sales.

[carlisle1]

Lol smartphones are just like local wallets and wont be called as safest wallet for crypto

The smartphones has no high security level that can be trust for our precious coins i would rather use my local wallets that offers four different coins that can buy en sell without using exchangers

[abderrazak belkhir]

Yes me to i believe in that smartphones are the safest way...smartphones are harder to hack than other ways to store cryptocurrencies

[dongajow]

well I completely disagree with this statement because there is lot of risk in storing crypto in a mobile wallet like smart phone. Few examples are your smart phone can be stolen or misplaced very easily as you carry it with you all the time. And also another disadvantage in mobile wallet is their security level. When compared to hardware wallets like nano ledger the security level is very primitive.

[Akonobea]

This is impressive and it would make managing of our cryptocurrencies very simple and it is very great that Samsung is pioneering the move of technological companies into cryptocurrencies.

[harrybell]

well many users are agree with this fact and it will is actually very wounderful that if we could able to use our smartphones as our wallet,  blockchain technology were invented for making our living comfortably so we can consider it as a another progressive steps for better living.

[StuartJonson]

Smartphones do have a better security and verification process. But claiming this brand is the best one is a little too fast to judge given there are other phones in the market too apart from android operating system.

[ShawnJessie]

I agree, hardware wallets is accessible by mobile phones. The advantage of smartphones are that they are less affected by malware and virus damage. 2FA also uses mobile security permission to access.

[Eto_mete]

This was my assumption from a week ago when Samsung started to accept BTC in European stores with hard devices which came true now, realized when reading this discussion. Samsung with this TEEE tech, will rule the smartphone device industry as they are planning to add a hard wallet feature with every phone which will give this brand an unique place in Crypto market.

[elwiswoodie]

I think it's true, Android is safe enough to be able to store cryptocurrency, although there are still more secure than Android, but Android is the right choice for me who prefers mobility

by the way, are you endorsed by braziocoin? 

[Nicolaus Copernicus]

From my point of view it’s a great news. I also think it’s a safest security system because some users are find comfortable in using mobile. The most important thing is it hase several types of security system that will help to secure everything.

[pakhitheboss]

First of all thanks for posting such an informative article.
What I knew was the best way to store your cryptos was to use a hardware wallet.
Now with this post I undestood that android smartphone provide the same level of security like a hardware wallet. Thats good to hear, but still I would prefer a hardware wallet over any other option, as I have a very less chance of loosing my wallet and a very high chance of loosing a smartphone.

[jhonvir666]

yes it is very good that it will be the application of a telegram and dream of a Pavel Durovs about the all payment system to be made available to the Smartphone and developed by a cryptocurrency that you can pay for other things.