Mobile Wallets

[LbtalkL]

Trust wallet is good in terms of Ethereum, you can import your ethereum private keys there and you owned it. But on BTC it seems like you don't have control over your private keys.  I suggest wallets that you have full control over your private keys it is safer. Like Mycelium, electrum wallet for mobiles.

Links:

Mycelium
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en

Electrum
https://play.google.com/store/apps/details?id=org.electrum.electrum

[Lucius]

My question is - is it save to download, run and keep this "bounty token/coin wallet" on the same device where my mobile wallet for BTC is installed ?

Any file you download from the Internet is a risk, and fake wallets are something that poses a serious problem. You should approach any such wallet in a way that you consider to be potentially dangerous. There is no universal way to determine if something is good or bad, but you should always check what other users say about wallet you want to use, then scan the site with virustotal (https://www.virustotal.com), and if you have antivirus, scan a file before installation.

These are good precautions, but they do not guarantee complete security, and scanning results can often show false-positive results. I personally would not use BTC wallet and some other suspicious wallets on the same device, but if it is a small amount then the risk is acceptable.

LbtalkL, always use direct links from the official site and not from Google Play directly, that way you avoid the possibility of downloading a fake wallet.

[Negotiation]

The mobile wallet is not good and bad. Because there are good and bad aspects of everything. The mobile wallet is safe for work. It is more hacked. If you ever lose your mobile, its information will be readily available. This is why I think a hardware wallet is the best and it is very reliable.

[Taskford]

Trust wallet is good in terms of Ethereum, you can import your ethereum private keys there and you owned it. But on BTC it seems like you don't have control over your private keys.  I suggest wallets that you have full control over your private keys it is safer. Like Mycelium, electrum wallet for mobiles.

Links:

Mycelium
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en

Electrum
https://play.google.com/store/apps/details?id=org.electrum.electrum

Trust wallet is a good choice though but actually it's not convenient for me to use since I will do multiple transfer before I can successfully transfer my funds to my personal local wallet. But any of this even though we can call it safe we still need to be vigilant since we still have chances to lose that's why it's better to store ok hardware wallets if we prefer to hodl.

[noormcs5]

I think there is no difference in using the mobile wallets or desktop wallets. Both are same and both have the same type of risk.

1. People can not bypass the finger print if nobody collect your finger print sample from you. (There are many videos on YouTube  about hacking finger print. May be some tricks are working) So thus people can access your wallet.

Not everyone can bypass the finger print and i guess it is safe.  Even if few experts can hack finger prints, even then your phone is protected by pass code and passwords.

2. If you lost your phone then people need to restore/hard reset your phone for remove the finger print and pin And all apps will be removed from the phone Except the stoke apps. So the wallets also will be removed and fund remain safe.

Losing an iphone, you are 100$ safe. On an android phone, the hard reset will leave no traces for the hacker to hack your bitcoins.

3. If you take any screenshot of your private key and keep it on your phone then if you download any untrusted third-party apps which take the permission of controlling SD card Data/Photos then hacker can hack your wallet with the help of these third party apps.

Never keep the photos of private key in your phone. That's the best way to remain safe.

[Krislaw]

Password/fingerprints are only put in place to protect the app alone. An hacker only needs the seeds of the wallet. Mobile wallet always comes in handy and that's why fingerprint security is put in place but not for hackers but for those around you. The only thing you should be scared of is the web wallet because your coins are stored with them.

[Ann1989]

Curious about the security of mobile wallets. Why are they considered less secure than other wallets? I currently use Trust Wallet which uses fingerprint ID or a pin. If my phone were to be compromised how would anyone be able to access it? How could they obtain my pin/fingerprint?

Mobile wallets are not exactly less secure. However, the best wallets in terms of security are hardware wallets like Cobo Vault, Ledger, Trezor, KeepKey, etc.

[karim2]

I use Coinomi wallet for mobile. This wallet Like Electrum, your wallet addresses are generated using a 'master seed' of 12 random words which never leaves your device. You can use this to restore your wallet balance for all of your coins should anything happen to your device. Coinomi offers the option to set a password during setup rather than a mandatory PIN as with Electrum. If you choose not to set a password, make sure your Android device has screen lock enabled and is encrypted.

[desticy]

Personally, I see the main problem with mobile wallets is that a lot will depend on the reliability of the device’s operating system itself.
In addition, many programs can be compromised to take control of your device. I do not trust mobile antiviruses on android, all the same, hackers nowadays manage to exploit vulnerabilities before they are closed.

[mersal]

Personally, I see the main problem with mobile wallets is that a lot will depend on the reliability of the device’s operating system itself.
In addition, many programs can be compromised to take control of your device. I do not trust mobile antiviruses on android, all the same, hackers nowadays manage to exploit vulnerabilities before they are closed.

Android devices doesn't need anti virus because it doesn't affect the device since its linux based operating system so hackers using sneaking techniques via app information while installing.So keep watching the app permissions and avoid clipboard hacking with keylogger trojans.