Leather mobile is available only via private waitlist. Beware scam apps found publicly in Apple App Store or Google Play Store.

Leather mobile is available only via private waitlist. Beware scam apps found publicly in Apple App Store or Google Play Store.

Leather mobile is available only via private waitlist. Beware scam apps found publicly in Apple App Store or Google Play Store.

How To Secure My Crypto Wallet

How To Secure My Crypto Wallet

How To Secure My Crypto Wallet

Security

Jan 24, 2025

How To Secure My Crypto Wallet

The first step in securing your crypto wallet is to realize that you are responsible for its security. Like physical cash, or anything else in your possession, you are responsible for the security of your bitcoin wallet. Wallet providers create secure and performant tools that help you, but ultimately, the safety of your funds depends on you. 

Why Crypto Security Matters

Crypto security matters because of the lack of recourse if something does go wrong. Bitcoin transactions are not reversible and it is usually not feasible for third parties to recover a lost wallet. In light of the harsh consequences of mistakes, it's crucial to take crypto security seriously. Luckily, it's fairly simple to secure your crypto.

How Do I Make My Crypto Wallet Secure

There are a few key steps to secure the different types of wallets offered by the many different providers. If you follow these core steps, you’ve protected yourself from a vast majority of the pitfalls of securing your crypto.

Secure Your Seed Phrase

Every modern wallet has a “Seed Phrase” that acts as a backup. This backup can be used to recreate your wallet on another device or another wallet on the same device. A seed phrase is either a series of 12 or 24 random words. If you input those words in another wallet it should be able to recreate your original wallet. If you successfully secure this backup, you will be able to recreate your wallet even if your device is lost, damaged, or stolen.

How you do this is up to you. Ultimately, you do not want to store it anywhere insecure or where someone else has access to it that shouldn’t. Some people write down their seed phrase on paper and store it in their personal safe. Some store it in a safety deposit box. Others save the words in a secure password manager they’re familiar with. However, most should use two or three of these methods so that they have multiple sources to recover their backup. Ultimately, it is up to you to do what is best for you to keep your mind at ease. 

Use Strong Passwords

Many wallets have you set up a password to log in to your wallet or to enter a particular part of your wallet, like gaining access to your seed phrase. This creates a barrier between your wallet and someone who might want to gain unauthorized access to it. To maximize the security of this barrier, create a password that isn’t easy for anyone to guess with just a little personal information about you. It should be something that has a mix of characters, with a decent length of characters. 

Did you know each unique character added substantially increases the difficulty of guessing?

Only Use Secure Network Connections

Before sending a payment, make sure you are using a secure connection. Using your own Wi-Fi or mobile network is usually very secure but using a public network like at the airport, coffee shops, and other public spaces elevates your risk. Sometimes bad actors are able to insert themselves into public networks in such a way as to trick devices trying to connect to the legitimate public network to instead connect to their malicious network. The bad actors can see everything going on through their network. This is known as a “man in the middle attack” in the cybersecurity world.

Beware of Phishing

Cybercriminals have developed many different methods to trick people into giving up sensitive information. They often try to impersonate or recreate an official source to gain people’s trust and get them to give up information or click a link that downloads software that spies on the victim’s device. Be vigilant. Make sure you are interacting with the person or entity you think you’re interacting with. Don’t click on any links that look or seem suspicious. It's better to take your time and verify than to be in a rush and regret it later. If something doesn’t seem right, slow down and try to get some verification that it is indeed ok to proceed.

What Makes Leather Wallet A Safe Wallet

Leather wallet is safe because it has been thoroughly audited by security professionals, stress tested by cybersecurity professionals to eliminate vulnerabilities, and provides each user with a secure seed phrase.

Leather is a non-custodial wallet that also allows users to take extra security steps, like integrating a Ledger hardware wallet with their Leather extension application, giving users an added layer of security. At the same time, they conduct their Bitcoin and Stacks transactions.

Is My Crypto Wallet Secure? How to Check

Make sure that your seed phrase is securely backed up. This is your lifeline if anything goes wrong with your device or it gets lost, stolen, or damaged. Use secure password managers and, or physical safes and safety deposit boxes to ensure you can safely guard it and access it at your convenience. Also, make sure you are using a unique, hard-to-guess, long password, pins, or biometrics to protect access to your wallet. If you’re taking these precautions, your funds are secure.

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Secure Wallet FAQs

Secure Wallet FAQs

Does a VPN protect my crypto wallet?

Does a VPN protect my crypto wallet?

Does a VPN protect my crypto wallet?

Can someone steal my crypto wallet?

Can someone steal my crypto wallet?

Can someone steal my crypto wallet?

Is it ok to give out your crypto wallet address?

Is it ok to give out your crypto wallet address?

Is it ok to give out your crypto wallet address?