Is Coin98 Wallet Safe to Use?

Is Coin98 safe? Chances are, you’ve asked yourself that before trusting us with your crypto. Fair question, this is the wallet that holds your crypto, after all, not the shirts you put on when hanging out with friends.

Short answer: yes. Coin98 is one of the safest crypto wallets on the market — and we’re working hard to eventually remove the “one of the” part in the sentence 😉

If that’s all you needed to hear, you can go ahead and download Coin98 Wallet now, enjoy the experience, and let us handle most of the heavy security lifting behind the scenes.

But if you’re the type who reads the terms and conditions and checks the lock twice before leaving home, stick around. We’ll walk you through exactly how Coin98 keeps your assets safe.

What makes Coin98 wallet safe to use: the non-custodial model

Non-custodial means Coin98 never holds your private keys. As the widely cited principle in crypto goes — "not your keys, not your coins." With a custodial provider, you are exposed to that provider's risks: exchange hacks, platform insolvencies, and insider misuse.

A non-custodial wallet eliminates these risks by design. Coin98 is a non-custodial wallet — keys are generated, encrypted, and stored on your device only. Your key is never saved in Coin98 server, which means Coin98 cannot access your funds, freeze your balance, or reverse a transaction.

Is my private key or seed phrase safe when entered into Coin98?

Yes. Once your seed phrase or private key is entered into Coin98 Wallet, it is handled with the following protections:

Local encryption — the seed phrase and private keys are encrypted at rest using a key derived from your wallet password. The encrypted data sits in the device's storage rather than as plaintext.

OS-level secure storage — Coin98 uses the operating system's hardware-backed keystore: iOS Keychain / Secure Enclave on Apple devices, Android Keystore on Android. These isolate secrets from other apps and, on modern devices, are backed by a dedicated security chip.

App sandboxing — each app on iOS and Android runs in its own sandbox, so other installed applications cannot read Coin98's storage.

These are standard procedures, but we also have a few enhanced security features up our sleeves

Built-in features that keep your wallet safe

Beyond key storage, Coin98 includes protections that address the most common wallet attack vectors:

Wallet Approval tool — allows users to audit and revoke dApp token allowances across 150+ supported blockchains without leaving the app. Unlimited token approvals are one of the most common vectors for wallet drains; regular review and revocation of unnecessary approvals significantly reduces exposure.

Transaction risk reminders — Coin98 displays risk scores during transactions, giving users live risk signals when interacting with tokens or contracts before signing.

Clipboard protection — a clear clipboard feature removes sensitive copied data — seed phrases, private keys, wallet addresses — from the device clipboard after use, reducing exposure to clipboard-reading malware.

Biometric authentication — Face ID and fingerprint unlock prevent unauthorized access to the wallet on a shared or unlocked device.

... and more to come.

Recovery and backup: protecting your wallet against accidents

Beyond protecting users from external threats, Coin98 also helps protect users from one of crypto’s biggest vulnerabilities: human error.Let’s face it, even the smartest users can make mistakes sometimes. Approving a malicious contract, interacting with a fake dApp, misplacing a seed phrase… these are user-side risks that no wallet can completely prevent. But Coin98 includes tools that reduce both the likelihood and the impact:

Cloud Backup — wallet data is encrypted on your device before being uploaded to iCloud or Google Drive. Coin98 never receives plaintext. The backup is decryptable only with the password you set at setup, giving you a recovery path if your device is lost or damaged without exposing your seed phrase to a third party. Setup takes under five minutes. Read more at How to use Cloud Backup on the Coin98 Super Wallet

Seed Phrase Recovery Tool — for users who have partially lost their seed phrase, Coin98 includes a built-in tool that can recover wallets with up to 2 missing words across 12, 15, 18, 21, and 24-word phrases, across 150+ supported blockchains. Read more at: How to use Seed Phrase Recover Tool

Risks that no wallet can eliminate

A wallet is only as secure as the habits of the person using it. While Coin98 Wallet is built with strong security standards, users should still stay alert to scams, hacks, and social engineering attacks.

According to Hacken’s Q1 2026 security report, crypto losses in Q1 2026 reached $482.6 million. More importantly, around 63.4% of those losses — roughly $306 million — came from phishing and social engineering attacks, not vulnerabilities in wallet code itself.

The most common threats hot wallet users face are:

• Phishing attacks — fake wallet download sites, impersonated support accounts, and counterfeit browser extensions that capture seed phrases
• Malicious dApp approvals — legitimate-looking protocols requesting unlimited token access
• Device-level malware — keyloggers or screen capture tools running on the device hosting the wallet
• Seed phrase mishandling — storing the phrase in unencrypted cloud notes, screenshots, or email drafts

The good news: we’re actively building additional protection layers to help reduce these risks. Upcoming Coin98 security features are designed to better detect suspicious dApps, warn users about risky approvals, and help defend against phishing-token and scam interaction attacks before they become costly mistakes.

So yes — staying cautious still matters. But we’re working to make staying safe a whole lot easier.

How to use Coin98 safely

For users running Coin98 Super Wallet, we suggest the following steps:

• Enable Cloud Backup and store the backup password in a location that is physically separate from where you keep your seed phrase. Setup takes under five minutes and gives you a recovery path if your device is lost or damaged.
• Review token approvals regularly using the Wallet Approval tool, particularly after interacting with new protocols or after a period of heavy dApp activity.
• Store your seed phrase on paper, in permanent ink, in at least two separate physical locations. We suggest against storing the seed phrase in any digital form — screenshots, notes apps, and cloud documents are common exposure points. For a full list of storage mistakes to avoid, see Common Mistakes When Storing Your Seed Phrase and Private Key.
• Source downloads from official channels only — coin98.com/wallet or verified App Store and Google Play listings. Fake wallet apps that visually replicate legitimate wallets are a documented and ongoing attack vector.

Finally, independent security audit for Coin98 Wallet

Coin98's security has been independently audited by two platforms:

• CertiK Skynet — score: 80.59/100 (A rating), ranked #20 on CertiK's wallet leaderboard, no security incidents reported in the last 90 days, active bug bounty program. Full report: skynet.certik.com/wallets/coin98
• CER.live — independent wallet security rating platform. Report: cer.live/wallet/coin98-brave

Frequently Asked Questions

Is Coin98 wallet safe for storing crypto?

Yes. Coin98 Super Wallet is non-custodial, assessed by CertiK with a score of 80.59/100 (A rating, ranked #20 on CertiK's wallet leaderboard), and includes built-in tools for token approval management, clipboard protection, and encrypted cloud backup. Security for any hot wallet also depends on how the user stores their seed phrase and manages dApp permissions.

Has Coin98 wallet ever been hacked?

No public record of a Coin98 Super Wallet security breach exists. CertiK Skynet's ongoing monitoring reports no security incidents in the last 90 days. Individual user fund losses are typically the result of phishing, seed phrase exposure, or malicious dApp approvals — not exploits in the wallet code.

Can Coin98 access my funds?

No. Coin98 is non-custodial. Private keys are stored on your device only. Coin98 has no access to your keys, cannot freeze your balance, and cannot initiate transactions on your behalf.

Is Coin98 wallet safe compared to other non-custodial wallets?

Coin98 is among the CertiK-assessed wallets — its score of 80.59 (A rating), ranked #20 on CertiK's wallet leaderboard, is publicly verifiable at skynet.certik.com/wallets/coin98. The combination of a built-in token approval manager, on-device encrypted cloud backup, and clipboard protection goes beyond what many comparable non-custodial wallets offer natively.

What should I do if my Coin98 wallet is compromised?

Transfer all funds to a freshly generated wallet immediately. If the seed phrase is confirmed exposed, treat the old wallet as permanently compromised — we suggest against continuing to use it under any circumstances. Refer to Coin98's documentation on what to do when your wallet has been hacked.