Post
Topic
Board Wallet software
Re: Is Samsung blockchain wallet safe?
by
Bureau
on 14/12/2023, 12:15:22 UTC
Currently, I transfered 0.00399 btc to Samsung blockchain wallet, and I will buy about 100 dollar worth of btc excluding binance network fee every month and transfer to Samsung blockchain wallet.


Is the wallet inaccessible and if it is not then why? As per my knowledge the wallet is available on Samsung mobile phone. Considering your wallet, I mean you handset is always connected to the internet then it is risky.

What you are talking about is a hot wallet and these kinds of wallets are prone to get hacked. Why? They get hacked because of the owners negligence. I have nothing negative in my mind about the brand.

I feel that it is best to use a hardware or a software wallet that is non custodial and it not always connected to the internet. Hardware wallets are best if not then store your coins on a wallet that is not connected to the internet.

For example use an old laptop or an existing Android phone which you don't use. Install a software wallet like Trust wallet or any other and connect it to the internet when you need to do any transaction.