1. Ensure the wallet provider is reputable and has a good reputation in the industry. Check online reviews and ask other cryptocurrency users for recommendations.
2. Make sure the wallet is open-source, meaning its code is publicly available for review. This allows experts to audit the security of the software and ensures no malicious code is present.
3. Look for a wallet that offers two-factor authentication. This adds an extra layer of security to your account by requiring additional information when logging in.
4. Research the wallet’s customer service options. In the event of a security breach or if you have any questions or concerns, you want to be able to receive quality customer service.
5. Familiarize yourself with the backup and recovery process. If you ever lose access to your wallet, it’s important that you are able to recover your funds.