April 26, 2026
The wallet itself does not store your keys centrally, but the risk depends on how you protect your device and backup phrase.
What protects your wallet
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Your keys are stored on your device, and only you can access them
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Every transaction requires your explicit confirmation before it goes through
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Your funds are never held in central storage – no one else can freeze or access them
Real risks
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Phishing attempts that trick you into revealing your credentials or recovery phrase
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Malicious apps or links that could compromise your device or steal your funds that could compromise your device or steal your funds
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Accidentally sharing your recovery phrase with someone else
How to stay safe
1.
Never share your backup phrase with anyone, ever – not even EXTRA SAFE support.
2.
Always verify transaction details before confirming.
3.
Keep your device updated and be cautious about what you install.
Related articles:
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What is a recovery phrase?
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What is self-custody?
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What happens if I lose my recovery phrase?
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How do I verify a contact?
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What is EXTRA SAFE wallet?