Why You Shouldn’t Mine Cryptocurrency on Your Smartphone

There are mobile applications that allow you to mine digital assets. However, some of them were created by scammers, while others do not bring substantial income.

Some users are sure that it is still possible to mine bitcoin on a home computer or laptop, and to mine altcoins, a smartphone on the Android operating system will be enough. If you type “Mining” in the Google Play app store, in addition to games on this topic, you will definitely see several options that promise easy money.

Money Miner

Many users write in the comments that they have not yet withdrawn their funds but are waiting for this moment. Others answer that there is no way to withdraw funds, and the first time the application is launched, a warning appears that “there is no conversion of internal units into cash.”

Almost all reviews that have a 5-star rating do not touch on the withdrawal topic. Instead, users write that “they haven’t tried to withdraw cryptocurrency yet, but for now, they like everything.”

Electroneum project

BTC Miner

LATOKEN has already written more than once that the field of cryptocurrencies is full of scammers; they come up with new ways to deceive users. For example, you can find out more about crypto scams on mobile devices in our article — Most Common Crypto Scams on Mobile Devices.

If you want to get into LATOKEN mining, then doing it on your smartphone is not the best idea. It is unlikely that this will bring at least some profit, but the device can quickly fail due to constant overloads — in this case, you will take serious financial hits. But the best idea is to download the LATOKEN app from Google Play or App Store!

For more hot news on blockchain technology, LATOKEN mining and cryptocurrencies, follow LATOKEN on Medium, on LATOKEN Blog, or LATOKEN VCTV channels.

About LATOKEN

LATOKEN, a leading crypto exchange, makes investing and payments easy and safe worldwide. LATOKEN brings trading and banking to blockchain technology to automate transaction processing and save billions of work hours per year. A single year after its initial launch, LATOKEN got over 750k downloads on Google Play and over 1 000 000 followers on socials. Entrepreneurs looking for funding can consider the LATOKEN IEO Launchpad. There are 240+ digital assets available for traders with the option to connect using RESTful or WebSocket APIs on the LATOKEN platform. In addition, LATOKEN is planning to launch its own NFT Marketplace.

LATOKEN does not provide investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like many other assets, cryptocurrencies are subject to high market risk. Please trade with caution.

#1 cryptocurrency exchange in liquidity for new digital assets and the leading platform for compliant multi-asset tokenization. http://go.latoken.com/start