In Australia, Beaufort Fiduciaries Pty Ltd (ACN 162 139 871, AFSL No. 545124) provides wholesale clients with access to derivatives where the underlying assets are digital assets. Derivatives are complex, regulated financial products that are difficult to understand and may not be suitable for inexperienced investors. For eligibility, terms and conditions click here. Krak Pay is offered by Bit Trade Australia Pty Ltd (ACN 163 237 634), Authorised Representative of Flexewallet Pty Ltd (AFSL 448066). This information is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you and read the relevant disclosure documents before making any decision.

Securing your device

Last updated: March 9, 2026

Your mobile device holds valuable digital assets, which can make it vulnerable to attacks. Therefore, it's crucial to ensure the security of your device and its holdings.

This guide will walk you through the steps to protect and secure your iOS or Android devices biometrics and password protection. We'll cover both platforms, as they have unique security features.

Best practices to follow to keep your wallet secure:

Apple iOS device

Enable Face ID or Touch ID, depending on which feature your device supports.

  1. 1

    Go to Settings > Face ID & Passcode or Touch ID & Passcode.

  2. 2

    Set up Face ID or Touch ID by following the on-screen instructions.

  1. 1

    Go to Settings > Face ID & Passcode or Touch ID & Passcode.

  2. 2

    Choose a strong alphanumeric passcode. Avoid using easily guessable combinations like "1234" or "0000".

  1. 1

    Go to Settings > Display & Brightness > Auto-Lock.

  2. 2

    Set a short auto-lock time.

Android device

  1. 1

    Go to Settings > Security & Location > Biometrics.

  2. 2

    Set up fingerprint or face recognition by following on-screen instructions.

  1. 1

    Choose a secure screen lock method such as PIN, password, or pattern.

  2. 2

    Avoid using easily guessable combinations like "1234" or "0000".

General Security Tips for Both iOS and Android:

  • •

    Keep software updated:

    Regularly update your device's operating system to patch security vulnerabilities.

  • •

    Set a short screen lock timer:

    Configure your device to automatically lock after a short period of inactivity.

  • •

    Connect to secure Wi-Fi networks:

    Avoid connecting to public Wi-Fi networks without proper security measures in place.

  • •

    Download your apps from official stores:

    Only download apps from the Apple App Store or Google Play Store, as they are vetted for security. 


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