Crypto On Tablets: How Safe Are Your Digital Assets?

Cryptocurrencies are no longer niche investments, they are growing in popularity and many people are looking for ways to conveniently manage their digital assets. Tablets, like iPads or Android devices, are popular options due to their portability and ease of use. 

However, crypto storage and transactions have unique security challenges, especially when managed on devices that are not designed with high-security asset protection in mind. 

When thinking of investments, whether in mainstream assets or niche meme coins that will explode in popularity in the coming weeks making them a worthwhile investment, it’s essential to understand if your tablet is equipped to handle risks related to crypto. 

So, how safe are tablets really for managing crypto, and what measures can you take to protect your digital currencies and tokens?

How Safe Are Tablets For Crypto Investments?

Tablets can be an accessible and safe way to track crypto investments, as long as you follow best practices for security (discussed below). Tablets allow you to easily browse real-time market data, check balances, and conduct transactions. 

However, due to security risks, they’re not ideal for high-value crypto storage and management. 

Before you choose a tablet for managing your crypto, assess the level of risk you’re willing to take. If you wish to perform high-value transactions, your tablet should be complemented with additional safeguards, like cold storage, to ensure your assets are protected.

Why Your Tablet Needs To Be Secure When Dealing With Crypto

Tablets have added a layer of convenience to our lives, allowing us to easily browse social media, watch videos, or read on a screen larger than our smartphones but not as cumbersome as a laptop. 

But, managing cryptocurrency requires protecting sensitive information, like wallet keys and passwords. Any vulnerabilities on a tablet can expose you to cyber threats like malware, phishing attacks, or unauthorized access to your finances. 

Tablets can connect to WiFi networks, and many users don’t use a VPN or anti-virus software on their devices. This lack of protection, especially when connecting to public networks, can create an opportunity for cybercriminals to access your device and funds. 

Potential Security Risks On Tablets

Tablets come with many benefits, but they also come with security risks that can impact the safety of your cryptocurrencies:

Operating system vulnerabilities

Both Android and iOS (the two most common operating systems on tablets) have vulnerabilities. iOS is often considered more secure because of Apple’s closed ecosystem, but it is not totally immune to risks.

Android’s open system offers much more flexibility to users, but it may also be more vulnerable to malware if apps are downloaded from suspicious third-party sources. 

Public WiFi

Public WiFi networks found at airports or coffee shops are inherently insecure. When you connect your tablet to these networks, you’re potentially exposing your data to cyber attackers.

Hackers logged into the same network can use various techniques to intercept your data, which can be disastrous if you’re managing your crypto assets on the network. 

Physical security risks

The portability of tablets is what makes them so appealing, but this also makes them easier to steal. Should your tablet be grabbed from your bag when you’re not paying attention, the thief will have direct access to your email, digital wallet, and any other accounts. 

Best Practices For Securing Your Devices

Despite the risks mentioned above, there are several steps you can take to ensure your tablet is safe for managing your crypto assets:

• Use strong passwords and biometric login: You can protect your tablet by using a strong password (containing upper and lower case letters, numbers, and symbols) as well as biometric authentication like a fingerprint or facial recognition. 
• Install a VPN: A virtual private network (VPN) is useful if you’re frequently using your tablet on public networks. It encrypts your connection, protecting your data and preventing hackers from accessing your device via the network. 
• Enable multi-factor authentication: If it is possible, enable multi-factor authentication for your accounts. This login method requires you to enter a password as well as a code sent to your cellphone or email to gain access. Most crypto exchanges and digital wallets support two-factor authentication.
• Keep your software updated: Regular updates to your operating system and apps are key, as these updates contain patches that fix vulnerabilities that cyber criminals may exploit. 
• Only download from trusted sources: Avoid downloading apps from third-party sources, as these can contain malware. Stick to the Apple App Store or Google Play Store and read user reviews before downloading anything. The same goes for links or documents—only click on these if you know and trust the sender, or can verify its validity. 
• Use secure crypto wallets: Avoid using tablet apps that don’t have stringent security features. Only opt for crypto wallets that have multi-factor authentication, backup options, and a good reputation for security (reading reviews from other users will provide this information).

Final Thoughts – Should You Use Your Tablet  For Your Crypto Wallet?

Using your tablet to manage your crypto is convenient, but it’s not necessarily the best option for holding large amounts of crypto:

Hot wallets (wallets connected to the internet) are frequently used on tablets to easily access funds. However, these wallets are risky since they’re online, making them vulnerable to hacks. Tablets and hot wallets are good options for smaller crypto transactions, but it’s recommended to only store limited funds on your device. 

For larger crypto holdings it is best to use a cold wallet (an offline wallet; often a hardware device). These wallets are designed to keep your private keys securely offline.

If you wish to use your tablet for large crypto holdings or transactions, ensure your device has dedicated security features, like enclave technology.