Use your mobile phone with cryptocurrency with caution

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The source recently interviewed Mr. Charles Gilimet, Ledger's technical chief, to talk about best practices for securing digital currencies for ordinary users.
For those who do not know "Ledger", it is a company that offers device wallets that support many cryptocurrencies and these products store the keys for cryptocurrencies on a dedicated device.
The technical administrator explains that hardware wallets protect against potential malware on a user's computer or mobile phone.
"Charles" added that manufacturers can use the devices to make storing cryptocurrencies significantly safer, as it relies on integrated security technology, and stated:

In terms of storage, there is no controversy about that.
Hardware wallets like Ledger Nano Ace can keep private keys efficiently.

Basically, Charles says that smartphones will not be completely safe when it comes to storing cryptocurrencies.
Where phones show their weakness when cryptocurrencies are used, especially when sending currencies, as was explained by "Charles" by saying:

You can say well, I'm sending one bitcoin to this specific person.
The dangerous thing is that the phone can be exposed to add malware that switches the address you want to deal with with another address and thereby losing bitcoin currency in favor of the address listed from the malicious addition.

For our part, we stress the need for caution and the need to use cold portfolios in the case of storing large amounts and reliable hot portfolios in the event of a desire to trade.

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3 comments
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Thanks for sharing this, those simple acts if ignored can cause big time.

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