Staking through mobile phone

[Beparanf]

I tried to see what wallet is compatible with Beefy through my phone, and it only features WalletConnect, Coinbase wallet, and CDC Connect, with none of which I have any experience. I could possibly start staking from my computer now that I'm back home, but leaving coins staked on a decentralized platform without any monitoring isn't the safest option.

Wallet connect let you connect your wallet such as Metamask, Trustwallet or any decentralized wallet you are using to access the Beefy.finance website. Wallet connect just compile all the decentralized wallet and automatically connect you to the dapps without choosing the specific wallet. Just choose wallet connect and click connect then a request to your wallet will appear for approval.

Wallet connect is trusted and the most popular option on connecting on a Dapps.

[1715477444]

1715477444

[electronicash]

stake it out from the exhcange or you can simply just install binance app. option 1 is better afaik becuase binance will not have to take percentage.

you never know what could happen to binance soon, we can see its been attacked by regulator every now and then, if they spot a weak link to it, the coins you stake might be at greater risk.

[GreatArkansas]

(....)
I used to use the Metamask extension and had no issues; however, how safe and reliable is it to use through my phone?

Metamask is already good for me. Just make sure your phone is not infected with some malware because even with any application you will use, once your device is infected with some malware, it will be always in danger.
Once you use Metamask, you just need to be careful on the websites of platforms you are using because some could be phishing, always double-check.

[RussianEnglishTranslation]

Most wallets do not include staking but you can do liquid staking "stETH". The best solution I have found so far is the portal built into the Q Blockchain protocol, which includes escrow, staking, DeFi, digital ID etc.. Look into Omni mobile app, that might help you but I haven't tried that one yet.

[samcoin]

I'm away from home and will be for the next few months, and I won't have access to my computer, but I want to continue staking and investing during this period. So far, I've been using Binance savings and staking because their mobile application is convenient, easy, and relatively safe.

I tried to see what wallet is compatible with Beefy through my phone, and it only features WalletConnect, Coinbase wallet, and CDC Connect, with none of which I have any experience. I could possibly start staking from my computer now that I'm back home, but leaving coins staked on a decentralized platform without any monitoring isn't the safest option.

I honestly don't trust centralized platforms in any service, especially staking when you need to lock your coins/tokens for a certain period before you are able to withdraw, so if some bad thing happens to the exchange, you won't have the ability to withdraw your assets immediately. Instead, you can use the main wallet for the coins you stake. For example, I use Keplr (mobile wallet) to stake Atom. Indeed, every asset that's a POS should have its own wallet that offers direct staking. This might look a much safer solution than handing your assets to centralized service. I also use the service offered by Atomic wallet, in which you can stack a wide range of assets, including ETH, that has been added recently. I have good experience with them as I have been stacking ADA with them for more than one year and without any problems.

[Hispo]

Don't you have a Ledger or a Trezor?

It would be way safer if you staked using an address generated from either of those and I have found documentation from Ledger confirming that you can indeed use your HW together with that app. I mean decentralized apps for that purpose, of course.

If you do not have a HW, it would be advisable if you moved your funds to your safest wallet (cold one), either if it is paper or a airgapped computer you use for that purpose, because in my opinion some yield is not worth risking the bulk of your holdings if you are going to be away. In the worst case scenario, you could lose all of it to some malware while you are distracted.

[Ultegra134]

Don't you have a Ledger or a Trezor?

It would be way safer if you staked using an address generated from either of those and I have found documentation from Ledger confirming that you can indeed use your HW together with that app. I mean decentralized apps for that purpose, of course.

If you do not have a HW, it would be advisable if you moved your funds to your safest wallet (cold one), either if it is paper or a airgapped computer you use for that purpose, because in my opinion some yield is not worth risking the bulk of your holdings if you are going to be away. In the worst case scenario, you could lose all of it to some malware while you are distracted.

I don't have one yet. I was planning to buy one but never actually proceeded with the purchase. Some of my funds are stored on Binance (Stablecoins and BNB) while the majority is stored in my computer's Electrum wallet (Bitcoin).

I honestly don't trust centralized platforms in any service, especially staking when you need to lock your coins/tokens for a certain period before you are able to withdraw, so if some bad thing happens to the exchange, you won't have the ability to withdraw your assets immediately. Instead, you can use the main wallet for the coins you stake.

I'm not a fan of centralised platforms either, however, they are convenient and in general, safe. I can't speak for other exhanges but at least in Binance you can choose flexible options with no lock-in period. I haven't thought of wallet integrated staking feature, I might as well check it out.

(....)
I used to use the Metamask extension and had no issues; however, how safe and reliable is it to use through my phone?

Metamask is already good for me. Just make sure your phone is not infected with some malware because even with any application you will use, once your device is infected with some malware, it will be always in danger.
Once you use Metamask, you just need to be careful on the websites of platforms you are using because some could be phishing, always double-check.

I've only used the Chrome extension without any issues. I've just installed it on my phone and connected on Beefy through Wallet Connect. Theoretically, I'm more worried about my phone's security rather than Metamask itself.

[Hispo]

Don't you have a Ledger or a Trezor?

It would be way safer if you staked using an address generated from either of those and I have found documentation from Ledger confirming that you can indeed use your HW together with that app. I mean decentralized apps for that purpose, of course.

If you do not have a HW, it would be advisable if you moved your funds to your safest wallet (cold one), either if it is paper or a airgapped computer you use for that purpose, because in my opinion some yield is not worth risking the bulk of your holdings if you are going to be away. In the worst case scenario, you could lose all of it to some malware while you are distracted.

I don't have one yet. I was planning to buy one but never actually proceeded with the purchase. Some of my funds are stored on Binance (Stablecoins and BNB) while the majority is stored in my computer's Electrum wallet (Bitcoin).

I do not want you to make you feel anxious or scared, but if the computer you have installed Electrum on has access to internet, it can be quite dangerous to your funds. For obvious reasons, if the computer is air-gaped then it is relatively safe for you to store your coins there.

Please get a hardware wallet as soon as you can from the official store, I would hate if your money ended up being stolen by some lowlife hacker. 

If you cannot buy it, you can also try to create your own cold wallet, when you have time.

Good luck, and please be careful.

[Ultegra134]

Don't you have a Ledger or a Trezor?

It would be way safer if you staked using an address generated from either of those and I have found documentation from Ledger confirming that you can indeed use your HW together with that app. I mean decentralized apps for that purpose, of course.

If you do not have a HW, it would be advisable if you moved your funds to your safest wallet (cold one), either if it is paper or a airgapped computer you use for that purpose, because in my opinion some yield is not worth risking the bulk of your holdings if you are going to be away. In the worst case scenario, you could lose all of it to some malware while you are distracted.

I don't have one yet. I was planning to buy one but never actually proceeded with the purchase. Some of my funds are stored on Binance (Stablecoins and BNB) while the majority is stored in my computer's Electrum wallet (Bitcoin).

I do not want you to make you feel anxious or scared, but if the computer you have installed Electrum on has access to internet, it can be quite dangerous to your funds. For obvious reasons, if the computer is air-gaped then it is relatively safe for you to store your coins there.

Please get a hardware wallet as soon as you can from the official store, I would hate if your money ended up being stolen by some lowlife hacker. 

If you cannot buy it, you can also try to create your own cold wallet, when you have time.

Good luck, and please be careful.

Don't worry, you're not. Basically, you're right: funds are never 100% safe, but hardware wallets are actually one of the safest options out there, starting at less than a hundred bucks. It's not a costly accessory to secure your money. Currently, my laptop doesn't have access to the internet because it's not being used since I'm away, so I guess that for now I'm generally safe. However, purchasing a hardware wallet is one of my top priorities in the near future, unless I buy a new laptop and use the older one to isolate my wallet from the internet.

[masulum]

I've only used the Chrome extension without any issues. I've just installed it on my phone and connected on Beefy through Wallet Connect. Theoretically, I'm more worried about my phone's security rather than Metamask itself.

Basically the security of your phone depends on your browsing & installing app activity. If you don't open suspicious links and no one else opens your phone, there should be no problem. If you are worried about the security of your phone from any viruses and other applications running in the background, install an antivirus that you think is reliable to avoid suspicious apps and links. But, one thing is for sure, if you have any doubts, you shouldn't be staking from your phone, it will be better.

[crzy]

I've only used the Chrome extension without any issues. I've just installed it on my phone and connected on Beefy through Wallet Connect. Theoretically, I'm more worried about my phone's security rather than Metamask itself.

Basically the security of your phone depends on your browsing & installing app activity. If you don't open suspicious links and no one else opens your phone, there should be no problem. If you are worried about the security of your phone from any viruses and other applications running in the background, install an antivirus that you think is reliable to avoid suspicious apps and links. But, one thing is for sure, if you have any doubts, you shouldn't be staking from your phone, it will be better.

Is it true that Apple are more secured compare to any Android devices?
This is also my problem when it comes to downloading anything on my phone where Android can easily be corrupted. Anyway, staking using your phone are still possible maybe you can just use the browser of Metamask and if its not working, walletconnect is a good one though I’m curious why Metamask is not in the option where in fact this is one of the major wallet for staking.

[Ultegra134]

I just recovered my Metamask wallet on my phone, connected it to Beefy through WalletConnect, and moved some of my funds over from Binance. At first, I'm going to test how it functions, and if everything turns out okay, I might go ahead and move the rest of my coins there. Beefy offers some exceptional vaults that involve the known stablecoins (USDC, USDT, BUSD, and a few others); thus, the risk of the coins unpegging and crashing is pretty minimal. I might report back after a few days to share my experience and how satisfied I am. One thing seems certain: earnings should significantly increase compared to Binance.

[borovichok]

I've only used the Chrome extension without any issues. I've just installed it on my phone and connected on Beefy through Wallet Connect. Theoretically, I'm more worried about my phone's security rather than Metamask itself.

Basically the security of your phone depends on your browsing & installing app activity. If you don't open suspicious links and no one else opens your phone, there should be no problem. If you are worried about the security of your phone from any viruses and other applications running in the background, install an antivirus that you think is reliable to avoid suspicious apps and links. But, one thing is for sure, if you have any doubts, you shouldn't be staking from your phone, it will be better.

Taking preventive measures inother to avoid scams and also have a lifestyle of privacy have been one of the coolest way to exhibit character with people. Also, clicking on any how links will also led one into be victims of phishing links and mails that will drained our wallets. We become victims of scams because we easily allow people to be accessible to our phones, one never can imagine what our friends have for us. I've witnessed situation where my friend tried to invade my wallet when he was in possession of my phone, if not for the security phone setup, I would have been shock of words.

[livingfree]

I just recovered my Metamask wallet on my phone, connected it to Beefy through WalletConnect, and moved some of my funds over from Binance. At first, I'm going to test how it functions, and if everything turns out okay, I might go ahead and move the rest of my coins there. Beefy offers some exceptional vaults that involve the known stablecoins (USDC, USDT, BUSD, and a few others); thus, the risk of the coins unpegging and crashing is pretty minimal. I might report back after a few days to share my experience and how satisfied I am. One thing seems certain: earnings should significantly increase compared to Binance.

Share us your experience with beefy. I haven't heard about this wallet. Is that the BIFI that's integrated or partnered with Atomic wallet?

Is it true that Apple are more secured compare to any Android devices?
This is also my problem when it comes to downloading anything on my phone where Android can easily be corrupted.

You're not going to be sure how safe they are as both of them are still targeted by hackers but it seems that there are lesser hackers through iOS or Apple's OS.

So whatever OS you use, do not be too careless with your browsing activities.

[NicNacCoin]

I'm away from home and will be for the next few months, and I won't have access to my computer, but I want to continue staking and investing during this period. So far, I've been using Binance savings and staking because their mobile application is convenient, easy, and relatively safe. However, the yield has tremendously decreased while it's centralised, so it would be best to move to a decentralized platform, such as Beefy. I used to use the Metamask extension and had no issues; however, how safe and reliable is it to use through my phone?

I tried to see what wallet is compatible with Beefy through my phone, and it only features WalletConnect, Coinbase wallet, and CDC Connect, with none of which I have any experience. I could possibly start staking from my computer now that I'm back home, but leaving coins staked on a decentralized platform without any monitoring isn't the safest option.

All the work that you are going to do you can definitely do it all through the mobile phone. You may have never worked with a mobile phone so it seems too complicated for you. I do all crypto currency work through mobile. But you would still be wiser to stay with a centralized service. Right now you should not go for decentralized services. You do your work from a centralized staking service.