Do you think that storing of Bitcoin is safe on the phone?

[Potuse]

It is important for us to discuss about this because majority of us used cryptocurrency exchange that is based on our phone and there is a lot of things that we should look at it critically because our assets could be exposed.

 

[eenya00]

Storing of Bitcoin is very safe in your phone, what matters is the platform you are storing the Bitcoin, because that is where you can get hacked, if the platform is not safe

 

[Planbizzle]

As long as appropriate security precautions are taken, storing Bitcoin or any other cryptocurrency on a phone can be secure. When selecting a wallet software to store your cryptocurrencies, make sure it has security measures like Two-Factor Authentication, seed phrase backup, and PIN or password protection.

 

[Nomad]

If you use self custody wallet and if you do not let anyone access your phone, your bitcoin can be safe on your phone. However, the safest way to store bitcoin is by using a hardware wallet.

 

[Ja Sa Bong]

It is important for us to discuss about this because majority of us used cryptocurrency exchange that is based on our phone and there is a lot of things that we should look at it critically because our assets could be exposed.

The best place to hold any of your cryptocurrency assets is on hard wallet. It's the place which give you more control over your cryptocurrency assets. Cryptocurrency exchange are used on smartphone but it doesn't mean you're keep your cryptocurrency in your phone.

 

[Heatman]

I'm currently using Binance exchange wallet to store all of my cryptocurrency investment. I have the Binance application on my smartphone but the level of security it's got, there no way anyone is breaking into it without my permission. I'm going to get a hard wallet soon because it's been said to be the best.

 

[Riberet19]

It may be safe, but the safest thing is a hardware wallet. If you are really concerned about the security of your crypto assets, it is a good investment, since a mobile wallet or any exchange is not going to provide you with the level of security that a hardware wallet does.

 

[Heatman]

A lot of cryptocurrency investment holders need to start embracing using cryptocurrency hardware wallet to save their investments. It's true that most of these cryptocurrencies exchange have done so much for us but it's better to stay ahead in terms of security of our by spending an extra for the hardware wallet.