The Most Secure Crypto Wallet — Top 7 Ranked and Reviewed for 2025

If you’ve been around the block in crypto, you already know this: your wallet is your vault. In our search for the most secure crypto wallet in 2025, we’ve analyzed and ranked the top contenders based on real security specs, not just marketing fluff.

Whether you’re holding $BTC long-term, managing a DeFi bag, or just stacking sats on the go, this guide breaks down the safest wallets across cold storage, mobile, and browser-based options.

From multi-sig setups to biometric locks, here’s everything you need to secure your crypto like a pro.

The Best Most Secure Crypto Wallets at a Glance

Before we dig into the nitty-gritty of audits, cold storage, and key management, here’s a quick look at the most secure crypto wallets you can trust with your stack in 2025. Each of these made the cut based on their commitment to security and user control.

  1. Best Wallet — Non-Custodial Wallet With MPC Security & No Seed Phrase
  2. Ledger Wallet — Industry-Leading Hardware Wallet With Open-Source Firmware
  3. Zengo Wallet — Mobile Wallet With Biometric 3FA and Keyless Recovery
  4. Trezor Wallet — Fully Open-Source Hardware Wallet With a Strong Security Track Record
  5. Cypherock Wallet — Cold Wallet With Hardware-Based Private Key Splitting
  6. Ellipal Wallet — Air-Gapped Hardware Wallet With Tamper-Proof Design
  7. Tangem Wallet — NFC Card Wallet With No App Dependency and 25-Year Backup Durability

The Safest Crypto Wallets This Decade — Reviewed

In this section, we’ll break down the most secure crypto wallets of 2025, reviewing each based on how well it protects your private keys, handles recovery, and whether it’s been battle-tested in the wild.

1. Best Wallet – Non-Custodial Wallet With MPC Security & No Seed Phrase

In a space where security missteps can cost you everything, Best Wallet brings a much-needed shift, combining elite institutional-grade protection with true self-custody.

What sets it apart? It’s a mobile-first, non-custodial crypto wallet that uses Fireblocks MPC-CMP technology, meaning it never fully exposes your private key or stores it in a single location. Even better? No seed phrase to misplace or compromise.

Instead of relying on a single key, Best Wallet splits your private key into two encrypted shards: one stored on your device and the other on Fireblocks’ secure infrastructure.

Both parts are necessary to authorize a transaction, but neither reveals the whole key. This makes targeted hacks virtually impossible and adds a layer of resilience that even most hardware wallets can’t offer.

The Best Wallet Ecosystem

Security is baked into every layer of the app. Users can enable biometric login (Face ID or fingerprint scan) and add an optional two-factor authentication (2FA) for extra peace of mind.

The wallet interface alerts you of suspicious tokens and offers a toggle to hide spam assets, subtle but effective protection against wallet-draining exploits that prey on interface interaction.

Best Wallet hasn’t had any known security breaches since its launch – a strong start for a relatively new player. The team is vocal about transparency, and the app’s integration with Fireblocks, a provider trusted by banks and exchanges, lends serious credibility to Best Wallet’s claims.

Backup and recovery are also a breeze. Since there’s no seed phrase, users instead rely on multi-layer authentication and can initiate wallet recovery via passcode + device verification. If you ever need to migrate your funds, you can reconstruct the private key and import it into another compatible wallet.

Best Wallet punches way above its weight class for a free mobile wallet. It supports over 1k+ cryptocurrencies across all popular blockchains (60+ in the pipeline), integrates with 200+ DEXs, and even lets you access the best crypto presales and meme coins without KYC.

 
Wallet Type
Non-custodial, hot (mobile-first)
Price
Free
Crypto Support
1k+ assets across 60+ chains (coming soon)
Official Website

2. Ledger Wallet – Certified Secure Element Hardware With On-Device Transaction Signing

When it comes to hardware wallets, Ledger is the gold standard. With over 7M devices sold globally and a decade-long track record in crypto custody, it’s no surprise that Ledger continues to dominate the best wallets and cold storage conversation.

At the heart of Ledger’s security model is the Secure Element (SE) chip, the same tech used in passports and banking cards, paired with Ledger’s proprietary operating system, BOLOS.

These chips are CC EAL5+ or EAL6+ certified, meaning they’ve passed rigorous testing for resistance against side-channel and fault injection attacks. That’s more than most hardware wallets on the market can offer.

Ledger Hardware Wallets

Ledger wallets are non-custodial and cold: your private keys are always offline by default. You must confirm every transaction on your Ledger device, which adds a crucial layer of protection against malware and remote attackers.

The newer Stax and Flex models introduce Clear Signing, which renders transaction details in a human-readable format on-device to prevent blind signing, a method behind many phishing exploits.

Multi-factor authentication (MFA) is available through the Ledger Security Key, which adds an extra login step using industry-standard security tech (FIDO2/WebAuthn) to better protect your wallet.

Additionally, users can opt for Ledger Recover, a (controversial due to no longer being fully in control of your own keys, but opt-in) identity-based recovery service where Ledger stores encrypted key fragments with multiple independent hardware security models (HSM).

For those who prefer full autonomy, a standard 24-word seed phrase backup is still the default setup.

Ledger has not been immune to controversy. In 2020, its e-commerce platform was hacked, leaking customer emails and shipping addresses (not wallet data).

The company’s transparent handling of the situation, combined with zero threat to user funds, helped maintain trust. And to date, no Ledger device has ever been hacked due to flaws in its core security architecture.

The Ledger Live companion app supports thousands of coins and NFTs across 50+ blockchains, with staking, swapping, and buying built in. While accessing these features requires a $79–$399 hardware purchase, you’re paying for military-grade protection and independence from centralized risk vectors.

 
Wallet Type
Non-custodial, cold (hardware)
Price
$79 – $399 (varies by model)
Crypto Support
5k+ via third-party and 500+ natively in Ledger Live
Official Website
Visit Ledger Wallet now

3. Zengo Wallet – Mobile Wallet With Biometric 3FA and Keyless Recovery

Zengo isn’t your typical hot wallet. In a category typically more vulnerable than hardware solutions, Zengo flips the script by offering MPC-powered security and three-factor authentication that puts many cold wallets to shame.

It’s a non-custodial, mobile-first, anonymous crypto wallet that eliminates the #1 failure point in crypto self-custody: the seed phrase.

Zengo replaces traditional private keys with multi-party computation (MPC): a cryptographic approach where your wallet’s signing authority is split between your device and Zengo’s servers.

Neither party holds the full key, which means there’s no single point of failure to steal, phish, or lose. This keyless model mitigates the risks of human error, SIM swaps, and malware.

Zengo Wallet overview

Zengo backs this with a 3FA recovery system, which uses three components: your email address, an encrypted 3D biometric face scan, and a recovery file saved to cloud storage (like iCloud or Google Drive).

If you switch devices or lose access, you simply verify all three. No seed phrase stress, no dependency on paper backups.

Security isn’t theoretical, either. Since its launch in 2018, Zengo has had zero wallets hacked, a claim it’s so confident that it launched a 10 $BTC “hack challenge” in early 2024. Over 200 attempts failed, making Zengo one of the most reliable crypto wallets.

Zengo backs this confidence level with multiple annual audits and an open-source MPC library publicly available for review.

The Zengo Pro subscription ($19.99/month or $129.99/year) adds even more security features. One standout is Theft Protection, which blocks high-value withdrawals unless you confirm them through 3D FaceLock.

Another is the Web3 Firewall, a transaction filter that alerts you of suspicious smart contracts and potential scams – essentially an on-chain antivirus for dApps. Legacy Transfer, yet another Pro perk, lets users pre-authorize an asset handover in case of death or prolonged inactivity. A rare and thoughtful touch.

On the downside, Zengo’s asset support is limited compared to other wallets. It covers around 380+ cryptoassets across major chains (Bitcoin, Ethereum, BNB Chain, etc.) but lacks support for Solana and Ethereum Layer-2s like Arbitrum.

Still, most users won’t notice the absence for everyday use unless they’re deep in the DeFi weeds.

 
Wallet Type
Non-custodial, hot (mobile-only)
Price
Free (Pro: $19.99/month or $129.99/year)
Crypto Support
380+ assets
Official Website
Visit Zengo Wallet now

4. Trezor Wallet – Fully Open-Source Hardware Wallet With a Strong Security Track Record

If you’re after a cold wallet that’s truly battle-tested, Trezor is a name that consistently tops the list, and for a good reason.

As the world’s first hardware wallet, launched in 2013 by SatoshiLabs, Trezor has stood the test of time with zero breaches and a fully transparent security model. That transparency has earned it trust from privacy advocates, devs, and institutions alike.

Where many competitors rely on proprietary firmware, Trezor’s approach is radically different: its codebase is completely open-source, meaning anyone can audit it. This isn’t just a philosophical stance – it adds real security value, letting the community catch and patch bugs before attackers can exploit them.

Thanks to EAL6+ certified Secure Element chips, on-device PIN/passphrase authentication, and offline private key storage, Trezor has kept millions of users’ funds safe for over a decade.

Trezor Wallet products

Trezor supports multiple backup options, including 12-, 20-, and 24-word seed phrases, which it generates securely during setup. Trezor has also introduced SLIP39, a more flexible and secure multi-share recovery format for long-term resilience.

Multi-share recovery splits your wallet backup into several parts, making it much harder for hackers to steal your crypto even if one part is compromised.

And if you’re serious about redundancy, the Trezor Keep Metal accessory is available for the lifetime durability of your seed backup.

While Trezor doesn’t offer biometric login (as it avoids phone-based security layers), it enables users to add a custom passphrase on top of the PIN.

Since Ledger doesn’t store this passphrase on the device, the phrase essentially acts as a “wallet within a wallet,” drastically boosting protection against physical compromise.

Trezor has also prioritized phishing protections. You must manually confirm every transaction on the device’s display so you don’t blindly sign malicious smart contracts.

With Trezor Suite, its secure desktop crypto wallet app companion, you can manage your portfolio, execute swaps, and stake assets without ever exposing your keys.

Critically, despite being open-source, Trezor has never suffered a breach in over a decade, unlike other wallet vendors that have dealt with metadata leaks, KYC exposures, or UI-driven phishing attacks.

Its weakest point? Lack of particular UX frills. There’s no biometric login, no mobile app, and its lower-cost models have monochrome screens. But for the security purist, that’s just noise.

 
Wallet Type
Non-custodial, cold (hardware)
Price
$49 (Model One) to $169 (Safe 5)
Crypto Support
1k+ assets
Official Website
Visit Trezor Wallet now

5. Cypherock Wallet – Cold Storage Without a Single Point of Failure via Shamir’s Secret Sharing

Cypherock isn’t just another hardware wallet… It’s a cryptographic fortress. Where most cold wallets still hinge on one device and a single vulnerable seed phrase, Cypherock decentralizes your private key across five tamper-proof devices, drastically reducing the risk of loss, theft, or physical damage.

It’s the first wallet to offer this solution, making it arguably the most resilient cold storage solution available today.

Using a protocol called Shamir’s Secret Sharing (a core component of MPC), Cypherock breaks your key into five cryptographic shares: one stored on the X1 Vault and the other four across NFC-enabled smart cards.

You only need two of these five components to sign a transaction, meaning you could lose up to three pieces and retain full access to your funds. Even if an attacker gets their hands on two parts, you can protect each one with a PIN to stop the exploit dead in its tracks.

Importantly, Cypherock removes the need for any seed phrase backups. No writing on paper, no metal plates hidden in a sock drawer, no stress. Your private key is never fully reconstructed until required, only under your control.

Cypherock Wallet private key overview

This is a massive upgrade in wallet recovery and theft resistance, especially for those managing generational wealth or large crypto treasuries.

On the audit front, Cypherock brings serious receipts. It passed an audit by Keylabs, the whitehat firm best known for discovering vulnerabilities in Trezor and Ledger devices.

After extensive testing, Keylabs concluded that the X1 follows “security best practices” and even introduces “firsts not seen in other wallets.” Cypherock fixed all vulnerabilities Keylabs identified and documented the process in a transparent post-audit report.

While mobile support is still in the works, cySync, the accompanying desktop software, gives users access to more than 9k assets across over ten blockchains. This includes support for Bitcoin, Ethereum, BNB Chain, Solana, Avalanche, and Tron.

It also integrates WalletConnect, so you can interact with NFTs, dApps, and DeFi protocols directly from your cold storage setup without compromising your keys.

At $131.97 with the limited-time ‘COLDWALLET’ promo, Cypherock X1 isn’t cheap, but it’s priced fairly given its advanced architecture. For those prioritizing maximum resilience, non-custodial control, and no seed phrase exposure, it’s hard to beat.

 
Wallet Type
Non-custodial, cold (multi-component hardware)
Price
$131.97 (discounted from $199)
Crypto Support
9k+ assets across 10+ blockchains
Official Website
Visit Cypherock Wallet now

6. Ellipal Wallet – Air-Gapped Cold Storage with Self-Destruct Defense

In a world where most wallets, even cold ones, still rely on Wi-Fi, Bluetooth, USB, or even NFC to transmit data, Ellipal flips the script with a truly air-gapped hardware wallet. No connections. No signals. No nonsense.

This wallet stays completely offline from end to end, making it one of the most secure ways to store crypto today.

Its flagship Titan series employs a “scan-only” QR transaction model, which means your private keys never leave the device. Transactions are crafted on the Ellipal App, encoded as a QR, and then scanned by the Titan to authorize. That design makes remote attacks virtually impossible as there’s no surface to hack into.

But Ellipal goes further. Its devices feature a CC EAL6+ Secure Element chip, and the chassis is fully sealed in anti-tamper aluminum alloy.

Attempt at a physical breach? The wallet self-destructs, wiping all sensitive data on impact. Combined with passphrase protection, a PIN, and optional 2FA, it’s a hardcore defense stack no competitor can boast.

Ellipal Wallet overview

Ellipal supports 10k+ assets, including ERC20, BEP20, TRC20 tokens, plus NFT and DeFi interaction via WalletConnect and MetaMask. There’s also an in-app marketplace where you can buy, sell, swap, stake, and access 200+ dApps.

If you ever get into a risky situation, you can hide your genuine wallet using the Secondary Secret Wallet feature, storing your real funds in a decoy account.

That said, Ellipal does have a few drawbacks. The QR-based transaction system is highly secure, but some may find it tedious and difficult to use frequently. And while firmware updates are done via MicroSD to maintain air-gapping, it adds a bit of a learning curve.

Still, if security is your endgame and you want a wallet almost unhackable by design, Ellipal is hard to beat.

 
Wallet Type
Non-custodial, cold (air-gapped hardware)
Price
$99 (Titan Mini) / $169 (Titan 2.0)
Crypto Support
10k+ assets
Official Website
Visit Ellipal Wallet now

7. Tangem Wallet – Tap-to-Transact Cold Wallet with EAL6+ Chip & Zero-Hack Record

Tangem flips the traditional cold wallet model on its head with a smartcard-sized solution that’s both affordable and practically indestructible. Instead of a USB dongle or a touchscreen brick, Tangem wallets are NFC-enabled cards. No Bluetooth, no Wi-Fi, no charging.

Just tap one of the cards on your smartphone to access your portfolio or sign transactions. That simplicity and a hardened security model is exactly why Tangem sold over 2M wallets without a single breach.

The secret sauce is the Samsung S3D232A chip inside each card. It’s EAL6+ certified, putting it on par with the kind of secure elements used in banking smart cards and passports.

When you first activate your Tangem wallet (which only takes three minutes, by the way), the chip generates a private key completely offline, and it never leaves the card. The key is non-extractable and Tangem doesn’t store it anywhere, meaning there’s zero cloud risk and no centralized point of failure.

Tangem Wallet private key backup

There’s also biometric security and access code protection via the Tangem mobile app (available for iOS and Android), which adds an extra 2FA-style layer for wallet access and signing.

The wallet supports optional seed phrase recovery, but most users will rely on the multi-card redundancy. You can get a 2- or 3-card set, where each card is a fully functioning clone. Lose one, and you’ve got a backup.

Security audits? Covered. Kudelski Security audited Tangem’s firmware in 2018, and Riscure ran another independent audit in 2023. Both confirmed that the firmware has no backdoors and is not updatable post-manufacture, meaning no hidden updates, no silent patches, and no firmware rollback attacks.

If you’re worried about tampering, the Tangem app will authenticate each card and firmware version every time you use it. That said, Tangem disclosed a minor vulnerability in late 2024, affecting users who activated wallets with a seed phrase and contacted support from within the app.

Tangem resolved the issue swiftly, so no keys or funds were compromised. The company then launched a public bug bounty to prevent similar issues moving forward. It’s a good example of responsible security handling. Transparency, speed, and remediation.

The app is mobile-only (no native desktop app), and while it supports 81+ networks and thousands of assets, it lacks direct DApp browser integrations, so Web3 functionality depends on WalletConnect.

 
Wallet Type
Non-custodial, cold (NFC smartcard)
Price
$54.90 (2-card) / $69.90 (3-card) / $160 (Ring + 2 Cards)
Crypto Support
Thousands of assets across 81+ blockchains
Official Website
Visit Tangem Wallet now

The Best Secure Cryptocurrency Wallets Compared

Here’s a simplified comparison table of the top secure cryptocurrency wallets to help you weigh your options at a glance. From hot mobile apps to cold, air-gapped hardware, each entry prioritizes safety in a different way.

 
Wallet
Wallet Type
Price
Crypto Support
Key Security Features
Best Wallet
Non-custodial, hot (hardware)
Free
1k+
3FA security, biometric recovery, Web3 firewall
Ledger Wallet
Non-custodial, cold (hardware)
$79 – $399
3k+
Secure Element chip (EAL5+), optional MFA with Ledger Security Key
Zengo Wallet
Non-custodial, hot (mobile-only)
Free (Pro: $19.99/mo or $129.99/year)
380+
MPC cryptography, 3FA recovery, legacy transfer
Trezor Wallet
Non-custodial, cold (hardware)
$49 – $169
1k+
Open-source firmware, PIN/passphrase protection, Secure Element (Safe 3/Safe 5)
Cypherock Wallet
Non-custodial, cold (multi-component hardware)
$131.97 (discounted from $199)
9k+
Private key split across vault and cards (Shamir’s Secret Sharing), 2FA
Ellipal Wallet
Non-custodial, cold (air-gapped hardware)
$99 – $169
10k+
100% air-gapped, anti-tamper metal casing, self-destruct mechanism
Tangem Wallet
Non-custodial, cold (NFC smartcard)
$54.90 – $160
1k+
EAL6+ certified chip, biometric authentication, access code protection

What Wallet Type is Safest to Use?

When it comes to raw security, cold non-custodial wallets still reign supreme. These wallets keep your private keys offline and fully under your control, making them virtually immune to remote hacks and third-party breaches.

But security isn’t one-size-fits-all. Some traders need quick access for on-the-go swaps, while long-term HODLers might prioritize isolation.

Below, we’ll break down the pros and cons of hot vs cold wallets and custodial vs non-custodial setups, so you can choose the safest option that fits your style.

Hot vs Cold Wallets

The battle between hot and cold wallets is about trade-offs between convenience and security. Both serve a purpose depending on how you interact with your crypto, but when it comes to securing long-term holdings, cold wallets usually have the edge.

Hot wallets are connected to the internet, whether it’s through your phone, browser, or desktop app. That makes them ideal for fast access, trading, or interacting with DeFi protocols — but it also leaves them exposed to online threats like phishing, malware, or SIM swaps.

Cold wallets keep your keys offline, typically in a hardware device or something as simple as a metal seed backup. This drastically reduces your attack surface, making cold storage the go-to solution for serious bag holders.

Here’s how hot and cold wallets compare at a glance.

 
Wallet Type
Pros
Cons
Hot
  • Instant access to funds
  • Great for frequent transactions
  • Easy setup, often free
  • Constant internet connection increases hacking risk
  • Reliant on device security (if phone/PC compromised, wallet can be too)
Cold
  • Completely offline = immune to online threats
  • Ideal for HODLing and large holdings
  • Immune to remote attacks
  • Slower access to funds
  • Physical loss or damage risk
  • Costs money to get started

Custodial vs Non-Custodial Wallets

The custody question is central to wallet security. When you hear “not your keys, not your coins,” that’s a direct shot at custodial wallets, where a third party (usually an exchange or service provider) holds your private keys.

In contrast, non-custodial wallets give you complete control over your funds, making them the go-to for decentralization purists and anyone who doesn’t want to trust a middleman.

Custodial wallets are generally easier for beginners and offer built-in recovery options. Still, that convenience can come at a cost: you’re trusting the provider’s infrastructure and security protocols. Non-custodial wallets, on the other hand, demand more responsibility but offer more sovereignty.

Here’s how they stack up:

 
Wallet Type
Pros
Cons
Custodial
  • Simple setup, suitable for beginners
  • Easier recovery options are available
  • Often integrated with exchanges
  • You don’t control your keys
  • Centralized = single point of failure
  • Subject to asset freezes, KYC, and regulatory restrictions
Non-Custodial
  • Full control over your assets
  • More privacy and no third-party risk
  • Works well with DeFi
  • No backup = potential permanent loss
  • Requires more technical knowledge
  • Recovery is your responsibility

How We Chose the Safest Wallets for Crypto

In a space where one exploit can wipe out your entire stack, security isn’t a bonus – it’s the baseline. That’s why we didn’t just throw together a list of popular wallets.

We went deep into the security architecture, vulnerabilities, and the teams behind each product to figure out which wallets truly deserve the label of most secure.

Here’s what we looked at when ranking the safest crypto wallets in 2025.

  • Security features – Multi-factor authentication, biometric access, air-gapping, encryption protocols. We prioritized wallets with real safeguards.
  • Audit history – We favored wallets that have undergone recent, independent audits or have open-source code reviewed by reputable security researchers.
  • Track record (or breach history) – If a wallet’s ever been compromised, we dug into how the team handled it. Red flags include repeated breaches, lack of transparency, or slow response times.
  • Reputation – Word travels fast in crypto. We considered user feedback, developer activity, and ongoing community trust.
  • Wallet type – Cold storage and non-custodial setups generally scored higher unless a hot/custodial wallet offered standout protections.
  • Ease of use – The most secure wallets for crypto that are impossible to navigate or back up correctly can still put your assets at risk.
  • Recovery options – We looked at how each wallet handles loss scenarios, whether it’s hardware failure or a forgotten password.

Free vs Paid Wallets — Are Costly Wallets Safer?

Price doesn’t always equal protection in crypto, especially regarding wallets. Some of the most secure crypto wallets, like Best Wallet, don’t cost a thing. Meanwhile, some premium hardware options charge $50–$200+ for features that may be overkill for casual users.

What you’re paying for with a paid wallet, particularly a cold wallet, is the hardware layer. Devices like Ledger or Trezor offer proper offline key storage, Secure Element chips, and extra physical protections that free software wallets can’t replicate. That cost is often justified for serious HODLers with five or six-figure bags.

But that doesn’t mean free wallets aren’t secure. Many mobile and browser-based wallets use MPC, biometric verification, and secure enclaves to provide serious protection without asking for a dime. The key difference is whether your wallet relies on being offline (cold) vs online (hot), not necessarily its price tag.

Bottom line? A paid wallet can give you more peace of mind if you hold large amounts or want complete isolation. But with the correct setup and features, a free wallet can be just as safe for day-to-day use.

Concluding Our Guide on Safe Crypto Wallets

When it comes to protecting your crypto, there’s no one-size-fits-all answer. Your ideal wallet depends on how you store, trade, and interact with your assets. But one thing’s non-negotiable: security should be your number one priority.

From the biometric triple-layered security of Zengo to the air-gapped, self-destructing defense mechanisms in Ellipal, and the physical simplicity of Tangem’s credit card-like design, each wallet offers its own approach to keeping your funds locked down.

Whether you’re a DeFi degen, a long-term holder, or just dipping your toes in, there’s a secure solution here for you.

That said, this isn’t financial advice. You should always DYOR (Do Your Own Research), especially when it comes to where you store your keys and crypto. Review each wallet’s features, read up on recent audits or disclosures, and evaluate how well the wallet fits your threat model and use case.

Crypto security isn’t just about picking the right wallet. It’s about being cautious and staying in the loop. Choose wisely, stay safe, and self-custody responsibly.

FAQs

1. What is the safest crypto wallet?

There’s no one-size-fits-all answer, but based on security features and real-world performance, our top three safest crypto wallets are Best Wallet, Zengo, and Trezor. Best Wallet stands out for its MPC (multi-party computation) setup, which ditches the traditional seed phrase entirely and includes biometric login and encrypted backups.

Zengo uses 3FA (face scan, email, and recovery file) and has never had a wallet hacked. Impressive given its 1.5M+ user base. Trezor keeps things ultra-secure with open-source firmware, offline cold storage, and an EAL6+ Secure Element chip to protect against physical tampering.

2. What type of crypto wallet is the most vulnerable to hackers?

Hot wallets connected to the internet, especially those stored on centralized exchanges, are typically the most vulnerable. They’re prime targets for phishing, SIM swaps, malware, and exchange hacks. If you leave your assets on a CEX without transferring them to a private wallet, you trust someone else with your keys.

As the saying goes: not your keys, not your coins. Always consider moving assets to a secure self-custodial wallet.

3. Can a digital wallet be hacked?

Yes, but the risk depends heavily on the type of wallet and its security architecture. Internet-connected hot wallets are more exposed to phishing, malware, and man-in-the-middle attacks.

Cold wallets like Ledger and Cypherock, which generate private keys offline and use secure chips, are far less susceptible. Still, no system is bulletproof, so using MFA, secure backups, and avoiding shady dApps is always essential.

4. Can you be tracked by your crypto wallet?

Yes, crypto wallets can be tracked. Most blockchains are public ledgers, which means all transactions and wallet addresses are visible to anyone.

If your wallet address is linked to your identity, such as through an exchange or public transaction, it becomes possible to trace your activity. Reusing addresses and interacting with centralized platforms increases this risk. For greater privacy, use new addresses and decentralized tools.