Using a dedicated phone as a “hardware wallet”: understanding risks and rewards
In recent years, the concept of using a mobile device for safe storage for cryptocurrencies has been attracted. This approach is often called “hardware wallet”. However, one of the most important aspects that are often ignored is that, by its very nature, or not.
To answer the question, we consider what makes the phone for the hardware wallet and what makes it uncertain.
What makes the phone for the hardware wallet?
The dedicated phone of a clean ROM (operating system) can be considered as a suitable hardware wallet without access without access to Google Play Store. Here are some benefits:
- Pure Rom
: Without GAPPS, the phone’s operating system is free from malicious software and modifications that can endanger its safety.
2.
What makes the phone uncertain as a hardware wallet?
However, use as a dedicated phone as a hardware wallet, however
- Malware and Rootkit : If your phone is not updated regularly, you may be vulnerable to attack malicious programs. Rootkit can potentially endanger the safety of the device.
- Physical Access : While a pure ROM reduces the risk of malicious programs, physical access to the internal parts of the phone may continue to allow the attacker to access sensitive information such as the SIM card or storage medium.
- encryption weaknesses : If the phone encryption methods are not properly executed, the attacker will have access to the device, even if it is locked.
Case of use of a dedicated phone as a hardware wallet
While you can use a dedicated Android phone as a hardware wallet, it may seem contradictory, some claim that this can be a safe method of storing cryptocurrencies. So it is:
- Safe Start : Clean ROM and NO GAPPS ensures that the device starts from the original firmware, which is safer than any potentially modified operating system.
- No pre -installed application : If you do not install applications by phone, you can limit the possibility of malicious programs or unauthorized access to sensitive data.
- Safe storage media : Using a dedicated phone as a hardware wallet ensures that the storage medium (such as SIM card) is safe and protected from unauthorized access.
Conclusion
Using the dedicated Android phone as a hardware wallet is not essentially uncertain, but there are certain risks. To alleviate these risks, make sure that:
- Refresh ROM regularly
: Keep upgrading the device’s operating system to prevent malicious programs and other vulnerabilities.
- Use a safe encryption method : Make sure the device is encrypted using a strong password or PIN code.
- Limit Access : Keep sensitive information as an individual by not installing applications on the phone.
If you consider using a dedicated phone as a hardware wallet, consider these risks over the benefits and take the necessary precautions to ensure security.
Leave a Reply