I've seen a number of posts citing mobile wallets being unsafe. Can someone explain exactly how or why the mobile wallet is unsafe? I can certainly understand if the phone is lost or stolen, and a password can be figured out, but beyond that, what are the risks and what is the potential for a wallet to be compromised if someone practices decent safety and secure practices?
If I were to lose my phone, and I have my backup stored safely, I assume I should be able to recover access to my account/wallet. If I re-access it, I can change passwords if the wallet hasn't yet been compromised, right? If I get that done before the wallet has been hacked into, it should then be safe, right?
I use Abra (which is only a mobile wallet) and have created a Jaxx account, which is available both as a mobile wallet as well as on the computer (both of mine are iOS/OS). If I were to delete the Jaxx phone app, and if I have the cryptos addresses saved safely, but available to me while I am away from my computer, wouldn't I still basically be able to do transactions while mobile?
Anyway, would be great if people could elucidate the real risks to the use of a mobile wallet. Thanks in advance.
If I were to lose my phone, and I have my backup stored safely, I assume I should be able to recover access to my account/wallet. If I re-access it, I can change passwords if the wallet hasn't yet been compromised, right? If I get that done before the wallet has been hacked into, it should then be safe, right?
I use Abra (which is only a mobile wallet) and have created a Jaxx account, which is available both as a mobile wallet as well as on the computer (both of mine are iOS/OS). If I were to delete the Jaxx phone app, and if I have the cryptos addresses saved safely, but available to me while I am away from my computer, wouldn't I still basically be able to do transactions while mobile?
Anyway, would be great if people could elucidate the real risks to the use of a mobile wallet. Thanks in advance.