When choosing a crypto wallet, ask yourself three key questions:

1) How much do I plan to hold?

• Larger amounts → hardware wallet

• Smaller amounts → software wallet

If you are holding a significant amount of Bitcoin, a hardware wallet provides a higher level of security because private keys remain offline.

2) How often will I use Bitcoin?

• Long-term holding → hardware wallet

• Frequent use or regular access → software wallet

Hardware wallets are ideal for long-term storage, while software wallets offer faster and easier access for everyday use.

3) Am I prepared to manage my seed phrase?

• Yes → non-custodial wallet (hardware or software)

• No → hosted wallet (keep in mind reduced control and possible limitations)

With non-custodial wallets, you are the only person with access to your funds.

Losing your seed phrase means permanently losing access to your Bitcoin.

Where to Get a Wallet

• Official manufacturer’s website (for hardware wallets)

• Official App Store or Google Play (for mobile wallets)

• Official website of the service provider (for web wallets)

Always verify that you are installing the original application or using the correct domain.

Never download a wallet from unverified sources.

What to Watch Out For

• Never share your seed phrase with anyone

• Never share your private keys

• Store your seed phrase securely offline (not in cloud storage or email)

• Be cautious of phishing attempts, fake applications, and fraudulent installation prompts

• Always verify the wallet address before sending funds

Attackers often create fake apps or browser extensions that monitor login credentials or user activity. A single careless click can result in a loss of funds.

Important

For withdrawals from the Littlebit app, use a wallet that supports Bitcoin and complies with current regulatory requirements. Detailed information about withdrawals can be found in our FAQ section here.