Skip to main content

Using Mobile Wallets Securely: Do’s and Don’ts

Published on
9 Apr, 2025 | 09:20
Image: AI-generated for bitcoin24.com

Why Mobile Wallets Are Popular

Mobile wallets are convenient and user-friendly, making them ideal for everyday Bitcoin use. With just a smartphone, you can send, receive, and manage your funds on the go. But this convenience comes with trade-offs in terms of security.

Common Risks with Mobile Wallets

  • Malware and spyware: Compromised devices can leak sensitive information or allow remote access.
  • App impersonation: Fake wallet apps on app stores can trick users into entering seed phrases.
  • Physical theft: If someone steals your phone and it’s unlocked, they may access your funds.
  • Cloud backups: Some wallets store data in the cloud by default, which can be a major security risk.

Best Practices for Mobile Wallet Security

  • Download from trusted sources: Always verify the official wallet website before using app store links.
  • Enable biometrics and PINs: Add multiple layers of local protection on your phone and wallet app.
  • Disable cloud backups: Never allow seed phrases or keys to be stored in iCloud, Google Drive, or similar services.
  • Use watch-only wallets: For monitoring large balances, use wallets that don’t hold private keys.

When to Use Mobile Wallets

Mobile wallets are great for small amounts, day-to-day spending, or testing Bitcoin features. For long-term savings or large amounts, use a hardware wallet or cold storage setup.

Security Tip

If you wouldn’t carry thousands of euros in cash on your phone, don’t carry that much Bitcoin either. Mobile wallets are like a digital pocket – not a vault.

Live Bitcoin price illustration with upward chart and Bitcoin logo – bitcoin24.com
Last updated:

Source: CoinGecko