There are all sorts of crypto wallets on the market, from hardware to software and from different brands. In 2025, the number of active crypto wallets is only growing and this is thanks to the success of legacy tokens like Bitcoin and Ether that continue to deliver returns. At the same time, new tokens are entering the markets every single day and many of them offer innovative features that investors can’t get enough of. As Kosta Kostadinov writes, crypto coins just launched are being welcomed by enthusiastic investors who are happy to buy them and put them in their wallets.
But how do you make sure you’re staying safe even as you invest in crypto? Here are a few tips:
1. Read Wallet Reviews
Before opting for any crypto wallet, no matter the type, you need to read the reviews. This is not only to spot obvious issues like the wallet being unsafe or linked to scams but also smaller things.
Reading reviews might reveal that the company behind the wallet has poor customer service or that the interface is awkward to use. These will go on to impact your customer journey so make sure to read reviews and guides about each wallet on sites like Trustpilot and also by searching the wallet name on social media.
2. Keep Your Password/Recovery Phrase Safe
One of the golden rules of crypto wallet safety is making sure your password and recovery phrase are as safe as possible. When setting up your password, avoid obvious and easy-to-guess answers. In 2025, no one should have 12345 as a password for anything, so avoid this. Your recovery phrase should also be kept somewhere that is easy for you to find but not for others. Some experts recommend having it stored on a password-protected cloud file or written down on paper and kept in a combination lock. Either way, make sure these are kept for your eyes only.
3. Avoid Phishing
If you’re using a hot wallet, one of the biggest things you have to be wary of is phishing schemes. These schemes try to trick users into clicking dodgy links that grant criminals access to their crypto wallets and other sensitive data. If you get an email from an account claiming to be your crypto exchange and asking you to click a link, confirm that this is legitimate. Don’t go about clicking any random link online that promises free tokens, iPhones or whatever else. also, try to educate yourself about the common signs of a phishing scheme and how you can avoid them.
4. Use Hardware Wallets Especially
While all types of crypto wallets have their benefits, it is universally agreed that cold wallets are the safest option for crypto users. because they are not connected to the internet, they are nearly impossible to hack and are not as prone to loss as a paper wallet. If you want to use other types of wallets, try to split your crypto stash across hot wallets and cold wallets to minimize your risk. And, of course, read reviews of whatever called wallet you are considering.
5. Keep Your Physical Wallet Safe
While cold wallets are the safest type of crypto wallets you can use, they are not without their own downsides. One of the biggest is the fact that they can go missing. After all, a physical wallet is an item like any other and you can easily forget where you put it or have it stolen. There have been countless cases of people whose hardware wallets with significant amounts of crypto have gone missing. To avoid being in this sort of situation, have a designated place for your crypto wallet and make sure it is always put there. If you want to go the extra mile, you can put it in a combination lock as you would any other valuable.
6. Be Careful With Linking Your Wallet
These days, many different applications let you link your hot wallet for easy access. From one app, you can track your crypto holding on several different wallets and even complete transactions. While this is very convenient, there is a risk in giving different third-party apps access to your wallet. In the worst-case scenario, this could compromise your funds and see them stolen. So, if you want to do this, make sure it is only with verified and reputable apps. Also, try to minimize the number of applications you link your crypto wallet to.
Conclusion
As a crypto consumer, you must practice good wallet safety at all times. Doing this will secure your assets and ensure that you have the best experience possible. Not doing this could see your funds and data stolen by criminals. Follow the tips in this article and you should secure both yourself and your cryptos moving forward.
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