Samsung says smartphones are the best cryptocurrency wallets, experts disagree

With more than $761 million in cryptocurrency thefts this year alone, security has become a hot topic in blockchain tech. But what exactly is the best way to store your digital assets on decentralized networks? If you ask Samsung, the answer might be your smartphone. But if you ask a bunch of security experts, things get a lot more complicated.

In a blog post published on its Insights platform last month, Samsung suggested that “smartphones have the best security for blockchain and cryptocurrency.” The research went mostly unnoticed, until last week when it was suddenly picked up by several cryptocurrency news sites. But while the research certainly makes for strong headlines, is that buzz around the security of smartphones justified? We decided to find out.