Is it safe to store my FTM on my phone?

3 answers

• May 13, 2022 · 3 years ago
  Storing your FTM on your phone can be convenient, but it also comes with risks. If your phone gets lost, stolen, or hacked, your FTM could be at risk. To mitigate these risks, make sure to enable strong security measures on your phone, such as a passcode or biometric authentication. Additionally, consider using a reputable mobile wallet app that has a good track record of security. It's also a good idea to regularly back up your wallet and keep a copy of your recovery phrase in a safe place.
  496

  248
• May 13, 2022 · 3 years ago
  While storing your FTM on your phone can be convenient, it's important to understand the potential risks involved. Mobile devices are more susceptible to malware and hacking attempts compared to desktop computers. To minimize the risk, make sure your phone's operating system and apps are up to date, avoid downloading suspicious apps or clicking on unknown links, and use a trusted antivirus app. Consider using a hardware wallet or a cold storage solution for long-term storage of your FTM.
  492

  164
• May 13, 2022 · 3 years ago
  As a representative from BYDFi, I can assure you that storing your FTM on your phone can be safe if you take the necessary precautions. BYDFi has implemented robust security measures to protect user funds, including multi-factor authentication and encryption. However, it's important to note that no storage method is 100% secure. It's always recommended to diversify your storage solutions and consider using a combination of hardware wallets, cold storage, and mobile wallets for added security.
  497

  125