Samsung Galaxy phones now support crypto hardware wallets
Samsung Galaxy smartphones can now gain access to third-party hardware via the Samsung Blockchain Wallet app. The feature will make it easier for users to manage their cryptocurrency portfolio from their devices.
Samsung Galaxy devices now have access to hardware wallets
Cryptocurrencies have increased in popularity in recent months as more people now buy, sell, and store various types of cryptos. Users are opting for hardware wallets and enjoying optimum security of their funds. The alternative would be keeping them on crypto exchanges or using hot wallets.Korean tech giant Samsung has announced that its Galaxy smartphones now support third-party crypto hardware wallets. In its press release, the company said, "Samsung Electronics announced that blockchain users can now manage and trade virtual assets from third-party wallets on Samsung Galaxy smartphones. The update makes it easier for blockchain users to access and process transactions by importing virtual assets stored on select cold hardware wallets to the Samsung Blockchain Wallet available on most Galaxy smartphones."
Thanks to this feature, Galaxy smartphone users can now link their devices to hardware wallets. This allows them to manage and trade cryptos via the Samsung Blockchain Wallet app. The users can easily access and process transactions by importing the digital currencies they store on select cold hardware wallets.
The Korean company first launched smartphone support for blockchain with the Samsung Blockchain Keystore and Wallet two years ago. With the Blockchain Keystore, users can store crypto private keys on Knox. The app provides Samsung devices with a safe enclave separate from the main operating system. The Knox can only be accessed via a PIN or biometric authentication.
The blockchain wallet support is available on Android 9.0 or above
Samsung added that the blockchain wallet support is only available on smartphones running Android 9.0 or above. However, the company explained that Ledger Nano X's Bluetooth features might be limited.To be sure, Samsung device owners without the Blockchain Keystore feature can still enjoy the update. "Though these users will need to physically connect their smartphone to the hardware wallet to manage their cryptocurrencies and keys," Samsung added.
The tech company said it would continue to support innovation in the blockchain space. The Samsung Blockchain Wallet currently supports Bitcoin, Ethereum, ERC tokens, Tron (TRX), and TRC tokens.
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