Samourai Wallet Review – A Bitcoin Wallet for The Streets

About Samourai Wallet

The Samourai Wallet is probably the most privacy oriented mobile Bitcoin wallet available and is definitely worth considering if you’re someone concerned about privacy. As well, the wallet is very secure and rich with highly advanced features. The wallet is of very high quality and has an excellent user interface. Samourai wallet is a pretty well established Bitcoin-only mobile wallet for Android that is fully focused on user privacy and security of funds.

It is one of the more innovative wallets available for Bitcoin and has many features not available in other wallets. The Samourai Wallet aligns itself with the principles Bitcoin was founded upon, namely fungibility, security, transparency, financial privacy, and decentralization.

Samourai Wallet Key Details

How To Install Samourai Wallet?

Features

• Bitcoin Network Health Monitoring – Samourai actively monitors the condition of Bitcoin Network alerting you when transactions may confirm slower and informing you of the current required miner fee for quick transaction confirmation.
• Send in your favorite currency – Instant currency conversion makes it easier to send Bitcoin.
• Smart Miner Fees – Samourai offers three different miner fee profiles: Auto to use our smart fee detection algorithm, Priority during times of network stress to ensure quick confirmations, Custom to set a fee of your own choice.
• Block Chain Obfuscation – Samourai offers three different presets that provide varying levels of obfuscations: Simple to send a basic HD transaction with no added obfuscation, Samourai Send to send a transaction that uses decoy change addresses, CoinJoin Simulation to send a transaction that is indistinguishable from a CoinJoin transaction on the block chain.
• Export your wallet anywhere, anytime – You may export your wallet to any Bitcoin wallet than follows BIP 39,44 specifications.
• Restore any HD wallet – You may restore an existing HD wallet from any wallet provider with or without a BIP 39 passphrase
• Choose your fiat currency – View transactions and make sends in your local fiat currency.
• Choose your favorite Bitcoin unit – BTC, mBTC, bits, It is up to you
• Choose your favorite Block Explorer – Most popular block explorers are available to view transactions on the web

Thwart blockchain based surveillance and censorship

Circumvent financial surveillance with the most advanced privacy enhancing technologies on the market.

Take it anywhere, even offline

Bypass data network restrictions with offline sending. Roll your own offline storage wallet with any spare mobile phone.

Be your own Swiss Bank

Fully non custodial software ensures you are always in control of your private keys. No email address, no ID checks, and no hassle. Just install and go.

Samourai Security Features

As you might expect, your private keys are fully encrypted and they never leave your device. And because the Samourai wallet is a hierarchical deterministic wallet it generates a seed phrase when the wallet is initialized.

This seed phrase generates your private keys and must be recorded and stored safely as it is needed to restore the wallet if you ever lose your mobile device, or if it is stolen, broken, or otherwise becomes unusable by you.

There is one additional function of the Samourai related to backups that is different from nearly every other Bitcoin wallet, and that’s the ability to test your backup phrase to ensure it works properly.

How To Secure Your Samourai Wallet?

There Are A Number Of Ways To Keep The “Bad Guys” Away From Samourai Wallet . And Although Cryptocurrency, As A Technology, Has Increased Anonymity And Encryption, The Devices On Which These Funds Are Stored (Phone, Pc, Tablet) Are Much More Susceptible To Hacking. Below Are A Number Of Simple Tips That Can Improve The Security Of Your “Crypto Wallet”.

Step 1 : Store Your Token Pocket Wallet Private Keys Offline: Print Them Out On Paper

The “Hunt” For Your Data Does Not Stop For A Minute, Regardless Of What Gadget You Use, Or What Network You Are Connected To. A Good Idea To Solve Some Of The Problems Associated With The Possibility Of Theft Of Personal Data Is Printed On Paper Keys For The Wallet — A Variant Of Replacing The Software “Assistant”. In This Case, You Will Only Need Paper And A Printer — No Additional Devices Or Gadgets. The Output Will Be A Kind Of Offline Wallet, Represented By A Pair Of Printed Keys. Some Enthusiasts Refer To This Approach As “Cold Wallets”, Because In The End, The Storage Process Takes Place Offline.Paper Wallets Are In Regular Demand, And You Can Test Their Functionality Yourself:

The Main Difference: The Creation Of Unique Addresses And Keys Through The Use Of Client-side Js Scripts. In Other Words, Keys Are Created Immediately On Your Pc, Without Requiring Data Transfer Over The Internet. And To Make This Process More Fun, The Developers Suggest That You Move The Mouse And Fill In Text Fields, Thus Obtaining Unique Data For Generating The Necessary Tools.

Step 2 : Setup Second Step Verification

Two-factor Authentication Requires The User To Enter An Additional Code From Another Source – Such As A Text Message Or Email. However, The Most Common Method Is Through The Google Authenticator App. Just Install It On Your Phone And It Will Generate A New 6-digit Access Code To Log In To Your Wallet Or Make Transfers.

We Recommend Using Only Those Web Wallets That Do Not Support Two-factor Verification. In Particular, The HB Wallet Offers To Activate 2fa Already At The Registration Stage.

Step 3 : Create A Strong Password For Your Samourai Wallet

If You Decide To Use A Web Wallet, Which Is Recommended Only For Small Transactions, Always Make Sure That Your Password Is Secure. Never Enter Your Date Of Birth Or Credit Card Pin As Your Password. Use Alphanumeric Combinations, Combine Cases, Use Underscores, And So On. But It’s Best To Use An Strong Online Password Maker Website.

Step 4 : Learn To Recognize Phishing Sites

Phishing Sites And Apps Mimic The Design Of Popular Crypto Wallets In The Smallest Detail — Only The Page Address Is Slightly Different. Before Entering Your Private Key Or Secret Phrase In Your Wallet, Make Sure That The Page Address Is Correct.

The Chrome Store Library Is Known For Its Abundance Of Phishing Extensions, Especially For Cold Wallets Like Ledger. Although Google Removes Dozens Of Such Fraudulent Products Every Month, New Ones Are Coming In Their Place. In March 2020, Fraudsters Stole More Than $ 250,000 In Ripple Coins From Their Wallets Using A Fake Extension, And In June 2020, Crypto Podcast Host Eric Savix Lost All Of His 12 Bitcoins By Entering A Secret Phrase In A Phishing Extension For Ledger.

Step 5 : Don’t Click On Links In Emails

Phishers Often Send Emails From An Address That Is Almost Identical To The Real Address Of The Wallet Support Service. For Example, If You Use A XYZ Wallet From xyz.cxom Then You May Receive An Email From A Fake Address Like Support@xy-z.com Instead Of The Present Support@xyz.com. These Emails Try To Scare The User Or Create The Illusion Of Urgency — For Example, You Will Be Informed That Your Account Has Been Hacked/Blocked And That You Need To Update Your Security, Change Your Password, And So On. The Link Leads To A Fraudulent Page That Will Either Steal Any Data You Enter Or Install A Virus On Your Device.

This Also Applies To Ads Above Google Search Results That Often Advertise Phishing Pages. Here Is An Example – Note The Difference In Just One Letter Between A Real Address And A Fraudulent One:

Step 6 : Install Or Use Trusted Antivirus

The First Thing You Should Do After Installing A Samourai Wallet Is Install A Reliable Antivirus And Update It. Most Cyber Attacks Attempt To Send Important Information From Your Computer, You Should Make Sure That Your Pc Or Mobile Is Protected From A Virus Threat. Regularly Update Your Antivirus To Minimize The Risks Associated With The Appearance Of New Virus Threats That The Old Version Did Not Protect Against.

Step 7 : Never Disclose Your Private Keys

Private Keys Are Intended Exclusively For You. You Should Not Disclose Them For Transactions Or Cryptocurrency Purchases

Final Thought

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