How to secure your crypto transactions: A guide for financial officers

Crypto rip-offs in the past year have cost victims a staggering $5.6 billion. With over 560 million cryptocurrency users worldwide, the number of victims will increase, and money lost will multiply with time.

The good news is that it’s kind of easy to secure your crypto transactions if you stay vigilant. 

We’ll dive into 6 tips to help you be as careful as possible with your crypto. You’ll also be equipped with the knowledge needed to ensure your co-workers are secure.

1. Make sure your devices are clean

You don’t want to click on suspicious links or download pirated media as you’ll probably end up with viruses and malware. 

Criminals use malware and undercover viruses to spy on your PC and make changes to steal your info and your money.

As long as you have a clean Windows installed on your PC (and your phone isn’t compromised), you should be good to go if you keep an eye on where you click. 

Quick tip: you can find many anti-malware programs online. Having a good one on all devices helps you stay safe. Check them out and look at reviews to find the best option for you.

2. Choose a trusted wallet

Your wallet is where your digital assets are kept, so choosing a good one really matters.

Make sure you can access and back up your private keys. Hardware wallets (like Ledger or Trezor) offer top-tier security by staying offline, while mobile wallets (like MetaMask) are handy for everyday use but require a bit more caution.

The key is security. Use wallets with strong reviews, easy backups, and reliable encryption.

Quick tip: Choose a wallet that supports multiple coins so you can expand your portfolio without needing multiple apps.

3. Use a strong password with 2FA

Your password must be long, complex, and not the password you use on all websites. Check out this helpful video on how to create a very secure password. It’s just 2 minutes long. It’ll teach you ways to make your password unpredictable and hack-proof.

How to Create a Hacker-Proof Password | NOVA | PBS

Good password managers like Bitwarden help you generate secure passwords in seconds if you don’t want to do these steps.

After choosing your password, your next step is enabling 2FA. Even if you lose your credentials, your accounts won’t be accessed without the one-time password sent to you.

Unisub has partnered with the best security firms to make sure we meet the highest security and reliability standards. Click here to get a free demo and start accepting recurring crypto payments today!

4. Keep an eye out for scams

Treat anything even slightly suspicious on the internet with caution. Cybercriminals can find your friend’s email, make a similar one, and contact you to trick you into their scams. 

There are popular scams out there that you should know. Make sure to share them with everyone in your business as well because when one device gets compromised it can infect others on the same network. Some of these scams are:

• Giveaway scams: Scammers promise huge returns by pretending to be celebrities or big firms, then disappear once you send money.

• Tinder scams: Scammers gain your trust through dating apps, then disappear with your crypto after convincing you to send them money or invest in something with unbelievable returns.

• Phishing scams: Cybercriminals create fake crypto exchanges or websites to steal your wallet credentials. It can look exactly like MetaMask or a website you use daily. The scammers then drain your accounts right after you input your private keys and wallet details.

Quick tip: Always double-check info. Make sure you're getting emails from legitimate companies or personnel. Don’t click on suspicious links and if something is too good to be true, skip it.

5. Incorrect wallet addresses

Wallet addresses are long strings of characters. When your device is compromised, viruses can change the address you’re transferring to before you hit send.

Since the addresses are long, senders don’t notice something is off when they’re transferring money, so they end up losing crypto with no way to get it back.

One way of mitigating this is making sure no single person has too much authority, as it often causes avoidable mistakes. If you’re making transfers you can’t lose, there should be some checks and processes to make sure the wallet address is right.

6. Invest in protection tools

Having good security and anti-malware programs on all your devices is essential. If you have a business, make sure you don’t skip a single device. One compromised PC can cause a domino effect that ripples to the rest of your devices.

Search for programs that don’t slow down your computer while offering the maximum up-to-date protection.

Get secure recurring crypto payments with UniSub

With UniSub, you can start accepting recurring crypto payments without compromising safety. We make integration easy so anyone can do it while making sure our systems are of utmost security.

Book a free demo today and see how UniSub can boost your business with hassle-free, secure crypto payments.