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Blue Wallet
Blue Wallet
  • Why we recommend BlueWallet
  • Guide Overview
  • 🏰Security Overview
    • Securing the wallet: Overview of the basics
    • WARNING! Important basics to know before setting up a backup
    • Passphrase Overview
    • How can you lose your Bitcoin?
  • 🔐Create your wallet & backup
    • What you need
    • Wallet & Backup Creation - 1 of 2
    • Wallet & Backup Creation - 2 of 2
  • 🔑Add a passphrase
    • Passphrase Security Basics
    • Steps to create a passphrase
  • 📲How to use Bitcoin with Blue wallet
    • Steps for receiving Bitcoin payments
    • Sending Bitcoin - Overview
    • Steps for Sending Bitcoin
    • Advanced Sending Options
  • 🔎Security & Privacy Configurations
    • Security Basics
    • Advanced Security Options
  • 🖥️Network Configurations
    • Electrum Server
  • ⚠️Summary
    • DO's & DONT's
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  1. Security & Privacy Configurations

Security Basics

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Last updated 3 years ago

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BlueWallet is one of the safest ways you can use Bitcoin if you are not using a hardware wallet or a "multisignature" custody setup.

  • The wallet is open-source and has been reviewed independently to make sure there is no malware or backdoor.

  • The developers cannot have access to your Bitcoin wallet.

  • The private keys that control the bitcoins are encrypted on your phone and protected with a passphrase. To spend money each time you must decrypt your device with your app's password or with your biometrics.

  • BlueWallet protects you well against non-hacker people that gain access to your phone.

  • BlueWallet is more vulnerable to malware and hackers than hardware wallets.

  • BlueWallet lets you create backups easily and securely which let you recover access to your money if your computer is damaged, lost or stolen.

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