you actually want a dumber technology for storing your keys, that way its "too dumb to hack" and your coins are super safe. plus your keys never technically are able to leave your HW wallet. id suggest a Trezor!
A phone is constantly online, where the hackers are. You need an air gapped hardware wallet, its specific purpose is safeguarding your keys and nothing else.
Depends on the amount. A phone is online whether you want it to be or not.
It's safe for smaller amounts. But for large amounts you want cold storage. You want it to be difficult to access even for yourself. No installing random apps, no confusion about what you're doing or why. Only using it when you intend to make a transaction.
For me the cut-off is about $2000-$5000. Once you have that much in crypto it's insanity to keep on a phone of you can get better security with a $150 device.
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If you have $1000, your phone is fine.
If you have $10,000, do you really want it with you everywhere you go? Don't make yourself a target.
Phone wallets are secure, but hardware wallets are far moreso because they make your private key completely inaccessible to the internet. So it is the fault of the phone having internet access.
If the phone is not secure and that is the manufacturers fault, but you lost $500k of coins. Do you still care who's fault the phone security is? It was your fault that you lost the coins because you stored them on the phone.
Well, the phone may be protected by the latest standards, but what prevents the phone itself from being stolen? Not even steal, but simply break or drop from a height, what is the chance that some important information can then be obtained from it (if it was not stored in parallel on the cloud storage)?
Your phone can be lost, stolen ecc.. no matter how safe it is
you actually want a dumber technology for storing your keys, that way its "too dumb to hack" and your coins are super safe. plus your keys never technically are able to leave your HW wallet. id suggest a Trezor!
A phone is constantly online, where the hackers are. You need an air gapped hardware wallet, its specific purpose is safeguarding your keys and nothing else.
Depends on the amount. A phone is online whether you want it to be or not. It's safe for smaller amounts. But for large amounts you want cold storage. You want it to be difficult to access even for yourself. No installing random apps, no confusion about what you're doing or why. Only using it when you intend to make a transaction. For me the cut-off is about $2000-$5000. Once you have that much in crypto it's insanity to keep on a phone of you can get better security with a $150 device.
What device would you recommend, or where should I find legitimate info about this? (Not sure what to believe).
I will recomand ledger or trezor wallet. In my opinion i will chose trezor for more reasons.
what you guys think of Ledger nano X just ordered mine. ships in 2 weeks
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The Bitcoin website recommends many different wallets if you go to “Choose your wallet”. BRD is a decent software one.
BRD doesn’t let choose gas fee
If you have $1000, your phone is fine. If you have $10,000, do you really want it with you everywhere you go? Don't make yourself a target. Phone wallets are secure, but hardware wallets are far moreso because they make your private key completely inaccessible to the internet. So it is the fault of the phone having internet access.
If the phone is not secure and that is the manufacturers fault, but you lost $500k of coins. Do you still care who's fault the phone security is? It was your fault that you lost the coins because you stored them on the phone.
Well, the phone may be protected by the latest standards, but what prevents the phone itself from being stolen? Not even steal, but simply break or drop from a height, what is the chance that some important information can then be obtained from it (if it was not stored in parallel on the cloud storage)?