Nowadays even newbies know that storing your cryptocurrency holdings on your phone is risky. Practically any device connected to the internet can be hacked, meaning you may never see your coins again.
Nowadays even newbies know that storing your cryptocurrency holdings on your phone is risky. Practically any device connected to the internet can be hacked, meaning you may never see your coins again. Hackers are always one step ahead of wallet providers and they are quite creative when it comes to crypto thefts. When you store your private keys on your phone, you run the risk of losing them. Once culprits make their way to your keys, your tokens are gone.
The German cybersecurity company Sikur believes it is capable to prevent thieves from corrupting your phone. This is why it has crafted super secure smartphone that is supposed to keep your cryptos safe.
SikurPhone has a built-in cryptocurrency wallet and a simple outlook. Powered by Android 7.0 it is far from being a high-end device and would hardly impress smartphone geeks with its specification. The screen is 5.5-inch Full HD, the processor is MediaTek MT6750, the device has 4GB RAM, 64GB storage, a 13-megapixel camera and a 2.800mAh battery. Indeed nothing new here.
But wait, SikurPhone is designed for cryptocurrency traders, not teenagers. Yes, it runs Android but you don’t have access to Google Play Store and you cannot download applications, which are not approved by Sikur. As the company states in its website SikurPhone is simply and elegantly looking since its aimed and businessmen and professionals. Alexandre Vasconcelos, the chief executive officer at Sikur, discussed the security measures taken to improve token protection in Barcelona during the Mobile World Congress:
“If you lose your phone, we can remotely wipe it for you. You can get a new one, log in, and your funds will be safe, as your private keys are stored in our cloud.”
Well, we were expecting more. “Your private keys are stored in our cloud” sounds like storing your coins in an online exchange. In fact, it is even worse than holding them on your phone. Despite that, Vasconcelos thinks otherwise. He states that Sikur hired a team of friendly hackers who did their best to compromise the cloud but ultimately failed to do so.
Anyway, if you are interested in SikurPhone you can pre-order it now and expect a delivery in August. The price is $799 and you can pay with PayPal or BitPay.