Post
Topic
Board Economics
Re: Is wallet security important to use?
by
Ranly123
on 17/08/2018, 21:03:23 UTC

If you choose your wallet or phone software, you need to be extra careful! Remember that bitcoins are stored inside your device. If your computer or phone breaks down, your bitcoin is gone too! Thieves can also take your bitcoin if it gets access. Consider the following tips to avoid losses:

Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.

Does Bitcoin really stored in a phone software? I do remember that Bitcoin can be stored in a ledger wallet which is a hardware and not a software. Bitcoin uses a private key which you can access anywhere and that private key is what needs security and not the phone.