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You can now use hardware wallets with the Samsung Blockchain Wallet

Phone
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Last updated: May 14th, 2021 at 12:30 UTC+02:00

Samsung has the distinction of being one of the first major smartphone manufacturers to offer a cryptocurrency wallet for its smartphones. It did that with the Galaxy S10 back in 2019. Samsung’s blockchain platform has continued to expand after it opened up the SDK.

The company today announced that it’s making it even easier for users to trade their virtual currencies. It has added support for select hardware wallets to the Samsung Blockchain Wallet app.

Select hardware wallets now work with the Blockchain Wallet app

Cryptocurrencies can typically be held in two types of wallets. There are digital wallets which store virtual assets like Bitcoin, Ethereum and other token online. Hardware wallets store those assets offline and are more secure.

So if you want to make a cryptocurrency transaction, you’ll first need to move the tokens from the hardware wallet. To make this process easier, Samsung has added support for hardware wallets to its Blockchain Wallet app. The Ledger Nano S and the Ledger Nano X are among the hardware wallets that can now be used with the Blockchain Wallet app.

Samsung has updated the app and added a dedicated newsfeed that will provide users with the latest news from the world of cryptocurrency. Articles from various blockchain news outlets like CoinDesk will be available in the app.

The Samsung Blockchain Wallet app supports some of the most popular cryptocurrencies and tokens. It enables users to access decentralized apps as well. These apps use the blockchain to authenticate the exchange of digital assets. Social media, games, finance and security decentralized apps are available through Samsung’s blockchain solution

Source Phone Blockchain KeyStore Wallet
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