Safeguard Your Cryptocurrency: 5 Essential Tips to Shield Your Business from Scams and Attacks

In the past year alone, crypto businesses have faced everything from billion-dollar exchange hacks to mass data leaks and targeted phishing attacks. Funds have been frozen, wallets compromised, and sensitive user information sold on the dark web. Even industry leaders like Coinbase and Bybit haven’t been immune — and the risks continue to grow.

In this article, the BitHide team shares five essential tips to help businesses strengthen their crypto infrastructure, reduce exposure, and stay in full control of their assets — without relying on custodians or outdated tools.

Use Non-Custodial Solutions

With non-custodial wallets, only you control the private keys. Your funds and internal data remain under your authority — not in the hands of third parties or centralized platforms. This eliminates a major point of failure and drastically reduces risks like account freezes, data leaks, or insider theft.

Many of the most damaging attacks in recent years have targeted custodial systems. A non-custodial approach gives you true operational ownership — a must for businesses managing large balances or sensitive crypto flows.

Protect Your IP Address

When your wallet connects to the blockchain, it typically exposes your real IP address to public nodes — many of which are monitored by malicious actors. Once your IP is logged, it can be linked to your wallet and used to trace your entire on-chain activity, infrastructure, and even server location.

Tools like VPNs and Tor are often insufficient. VPN data frequently leaks, and Tor is increasingly blocked or flagged.

Instead, choose crypto infrastructure with automatic IP masking. For example, the BitHide wallet uses a proprietary technology that rotates IP addresses per transaction, making it nearly impossible to trace your network origin — and shielding your infrastructure from surveillance or targeted attacks.

Run AML Checks on Incoming Funds

It’s not just about what you send — what you receive can expose you to risk. Crypto that originates from sanctioned addresses, exploits, or illicit activity may lead to downstream account freezes or reputational damage.

Running Anti-Money Laundering (AML) checks can help mitigate these risks. Incorporating AML tools into your operations ensures that you can effectively monitor and evaluate the source of incoming funds, thereby safeguarding your business from potential legal ramifications.

Separate Access Levels for Team Members

Access control is critical in crypto environments. Not every employee should have full access to wallets, funds, or client data. With proper role-based access, your team can operate efficiently while minimizing insider threats and human error.

The Coinbase breach in May 2025 is a sobering example: attackers bribed outsourced support staff, gained access to user data, and launched targeted phishing campaigns — resulting in estimated losses of up to $400,000. Segmented permissions could have limited the scope of the breach.

Don’t Reuse the Same Address

Using a single static wallet for all incoming payments may seem convenient, but it creates a visible on-chain footprint. Observers — including competitors or fraudsters — can monitor your revenue, vendor activity, and client flows.

Instead, opt for systems that generate one-time payment addresses. Utilizing such a strategy can effectively diminish the risk of being tracked while still maintaining the necessary traceability for accounting purposes.

How to Choose the Right Non-Custodial Platform

Not all non-custodial solutions are truly secure. Look for a platform that allows you to host the infrastructure yourself, store keys locally, and define your own compliance rules.

Features to prioritize include:

• IP address masking
• Encrypted backups and local key storage
• Built-in AML tools and transaction scoring
• Role-based access and detailed audit logs
• Multi-wallets and multi-addresses
• Mass payouts and auto-withdrawals

A solution like BitHide gives you the control of self-custody with the tools and automation your business needs — helping you operate confidently, even in a high-risk crypto environment.