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Author Topic: About smart phone wallets..  (Read 3977 times)
BiTJack
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November 01, 2014, 07:08:53 AM
 #41

Just started using android wallets tried Hive & Mycelium, mycelium is the fast and convenient over all.
But whichever wallet you use on android do not store all your coins in it i just installed it for testing purposes.
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November 01, 2014, 08:41:36 AM
 #42

I have never try install a wallet on my smart phone.
The safety of phone always bothers me.
By "safety" do you mean the possibility of the phone being lost or stolen? If that's the concern, make sure you lock the wallet with a PIN. When you discover the phone missing, restore your wallet from the paper backup and transfer the bitcoin to a new wallet, with a new private key.

Or are you concerned about the possibility of the phone being hacked?
If you have a 4-digit PIN to "protect" your wallet then there are only 10,000 possible combinations that an attacker would need to try (at most) before finding your PIN. All an attacker would need to do is make a clone of your phone in airplane mode and try all combinations until they figure out which one is correct. This would logically not take very long considering how fast even CPU mining is. This would not give you very much time to secure your funds in the manor you describe
A four digit pin is just 1,000 combinations 0000 to 9999 Wink

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November 01, 2014, 10:02:53 AM
 #43

I have never try install a wallet on my smart phone.
The safety of phone always bothers me.
By "safety" do you mean the possibility of the phone being lost or stolen? If that's the concern, make sure you lock the wallet with a PIN. When you discover the phone missing, restore your wallet from the paper backup and transfer the bitcoin to a new wallet, with a new private key.

Or are you concerned about the possibility of the phone being hacked?
If you have a 4-digit PIN to "protect" your wallet then there are only 10,000 possible combinations that an attacker would need to try (at most) before finding your PIN. All an attacker would need to do is make a clone of your phone in airplane mode and try all combinations until they figure out which one is correct. This would logically not take very long considering how fast even CPU mining is. This would not give you very much time to secure your funds in the manor you describe
A four digit pin is just 1,000 combinations 0000 to 9999 Wink

Wrong, you can have 10 possible integers for each space. 10x10x10x10 is 10,000 combinations!
sandykho47
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November 01, 2014, 10:11:10 AM
 #44

Mycelium / Hibe / Blockchain is good wallet app
But, personally i think Blockchain is the best among them

But, you need add second password to your blockchain wallet, because PIN is too easy to hack

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turvarya
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November 01, 2014, 10:14:29 AM
 #45

I have never try install a wallet on my smart phone.
The safety of phone always bothers me.
By "safety" do you mean the possibility of the phone being lost or stolen? If that's the concern, make sure you lock the wallet with a PIN. When you discover the phone missing, restore your wallet from the paper backup and transfer the bitcoin to a new wallet, with a new private key.

Or are you concerned about the possibility of the phone being hacked?
If you have a 4-digit PIN to "protect" your wallet then there are only 10,000 possible combinations that an attacker would need to try (at most) before finding your PIN. All an attacker would need to do is make a clone of your phone in airplane mode and try all combinations until they figure out which one is correct. This would logically not take very long considering how fast even CPU mining is. This would not give you very much time to secure your funds in the manor you describe
A four digit pin is just 1,000 combinations 0000 to 9999 Wink

Wrong, you can have 10 possible integers for each space. 10x10x10x10 is 10,000 combinations!
Oh, I just got up, when I wrote this.
You are of course right

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Bit N Roll
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November 01, 2014, 02:36:19 PM
 #46

I do not have a smartphone right now.  Grin Impossible? Believe it?
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November 01, 2014, 02:57:13 PM
 #47

I'm using mycelium which is the best wallet to me after trying a number of products.  Wink
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November 01, 2014, 03:05:09 PM
 #48

+1 for blockchain


I vote for blockchain too Grin
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November 01, 2014, 11:50:43 PM
 #49

I have never try install a wallet on my smart phone.
The safety of phone always bothers me.
By "safety" do you mean the possibility of the phone being lost or stolen? If that's the concern, make sure you lock the wallet with a PIN. When you discover the phone missing, restore your wallet from the paper backup and transfer the bitcoin to a new wallet, with a new private key.

Or are you concerned about the possibility of the phone being hacked?
If you have a 4-digit PIN to "protect" your wallet then there are only 10,000 possible combinations that an attacker would need to try (at most) before finding your PIN. All an attacker would need to do is make a clone of your phone in airplane mode and try all combinations until they figure out which one is correct. This would logically not take very long considering how fast even CPU mining is. This would not give you very much time to secure your funds in the manor you describe
A four digit pin is just 1,000 combinations 0000 to 9999 Wink

Wrong, you can have 10 possible integers for each space. 10x10x10x10 is 10,000 combinations!
I think the point remains that a smartphone wallet is not going to be very well protected with only a 4 digit PIN. I believe that blockchain.info will make you enter your second password when spending funds via your smartphone app, if you have it enabled, however they do not make you (nor do they push you to) have this enabled.
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November 02, 2014, 05:07:31 AM
 #50

We've been working on a user-friendly Bitcoin wallet for Android called Bitdash, and we just published it to the Play Store a couple of days ago.

It supports sending to multiple addresses at once and you can setup a PIN code to protect spending. There's no upper limit to the number of digits a PIN can have, but it has to be at least 4 digits.

You can check it out at https://play.google.com/store/apps/details?id=co.bitdash.wallet.
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November 02, 2014, 05:18:57 AM
 #51

Personally,  I don't trust cell phone wallets. Better keep it in a proper wallet with backup or paper wallet if you are too paranoid or if you have large amounts of BTC. I would keep smallish amounts on cell phone wallets like less than 0.5 btc.


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bitkilo
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November 02, 2014, 11:22:59 AM
 #52

Just started using green address, great wallet and very easy to use. Good security with 2fa.

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November 02, 2014, 12:09:17 PM
 #53

Personally making use of MyCelium on Android (No iOS app yet). The new HD version was released this past week.

Tried many others but settled on MyCelium as I like what it offers.

In regards to safety..... They all say their wallets are safe and maybe they are. I would however have sleepless nights with all my coins lying in a phone wallet. I never keep more than around 0.5 in my phone wallet. Rest is kept offline and moved to the phone as required.
I agree with you. Mycelium is a good application.
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November 02, 2014, 04:07:00 PM
 #54


Which android/ios btc wallet application are you using?

are they trustworthy? User friendly?


I am looking forward an application , which is safe and user friendly for storing,receiving, sending my btc..



blockchain , the best
testerman (OP)
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November 03, 2014, 08:54:01 PM
 #55

i am using blockchain wallet right now,

so far everything is good, it has a pin code feature, feels a lot safe.
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