The Ballet Crypto mobile app is made to the highest standard of security by an engineering team with extensive experience in the cryptocurrency industry. However, you should be aware that any cryptocurrency wallet is only as secure as the computer or mobile device it is running on. That applies equally to hardware wallets, software wallets, and Ballet non-electronic wallets. Electronic hardware wallets and Ballet wallets are designed for offline cryptocurrency storage, but both require that you use a computer in order to send a transaction. Electronic hardware wallets connect to a computer by USB, bluetooth, or other type of electronic connection. Ballet wallets “connect” visually, either by the user scanning the encrypted private key with the camera or typing the encrypted private key and passphrase manually. This process is safe, but only if the computer itself has not been compromised. If a sophisticated attacker gains physical or remote access to your computer or mobile device, it would be possible to install malware or a fake version of the app that will steal the coins from your wallet when you connect to send a transaction, or trick you to send your coins to an address controlled by the attacker.
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