Cryptocurrency payments are now on par with traditional payments. With this popularity, scammers are also finding new ways to trick users. Though our crypto payment processor provides top-of-the-line security features, it is still important to know how to keep your account safe. In this article, we will help you understand the common scams and the steps you can take to protect your account.
Importance of Security in Cryptocurrency Payments
Unlike traditional systems, cryptocurrency transactions cannot be reversed once they are confirmed. You may never recover funds that are stolen or sent to the wrong address. So, when you accept payment in crypto, security must be your top priority. Protecting your account means protecting your money and your business reputation.
Common Scams with Crypto Payments
1. Phishing Emails
Scammers can send emails pretending to be from CoinRemitter. Such emails often include malicious links asking you to log in or update your account details. Once you enter your details, they may steal your credentials.
How to Avoid:
- Always verify the sender’s email address. Our addresses end with @coinremitter.com. An email address with any other domain other than this may be an attempt to steal your credentials.
- Don’t click the links from unknown sources. Verify the coinremitter.com domain before submitting your credentials.
- Access CoinRemitter by manually typing the official website address.
- Check DKIM, SPF, and DMARC pass in the email header before clicking the link in the email.
2. Fake Support Representatives
Some scammers pretend to be official support staff members of CoinRemitter. So, they may contact you through email, social media, or messaging apps, and can ask for personal account details.
How to Avoid:
- Never share your credentials or 2FA code via such emails or messages.
- Consider requesting support only through the official website.
Our support team never asks for your credentials. So, if you find any individual asking for the same, consider it a scam. Also, we’d advise not to entertain such inquiries to avoid unwanted losses.
3. Malicious Codes
QR codes offer one of the fastest ways to make digital transactions, or specifically, cryptocurrency payments. However, this threat may affect customers more than businesses. Scammers may manipulate your QR codes to receive funds in their wallets. This may result in permanent fund loss for customers, affecting your business reputation.
How to Avoid:
- Consider generating invoices from CoinRemitter instead of some third-party invoice generators.
- Consider checking payments on your invoices with the help of the Test Coin (TCN).
4. Social Engineering Attack
A social engineering attack occurs when scammers use manipulation or emotional pressure to trick you and collect sensitive information. They might pretend to be in an urgent situation or offer fake investment opportunities or unrealistic offers.
How to Avoid:
- Stay calm and verify all the requests. Our crypto payment processor never asks for your sensitive information through communication channels in any case.
- Do not share your login information, even with the people you know, unless you have confirmed their identity.
Steps to Secure Your CoinRemitter Account
- Enable CoinRemitter’s Security Features: Our crypto payment gateway offers dedicated security features to help you detect and prevent unauthorized access.
- Use Strong Passwords: Avoid using common words. Instead, protect your account and wallet with passwords that have letters, numbers, and symbols combined.
- Update Your Password Regularly: Consider changing your account and wallet passwords every few months.
- Monitor Account Activity: Use Active Login and Login History to track your account activity on CoinRemitter.
What to Do if You Suspect a Scam
If you think your CoinRemitter account might be at risk:
- Change your passwords immediately.
- Enable or re-enable 2FA and Login Shield.
- Contact CoinRemitter support through the official website.
- Disable your API withdrawals and set the lowest withdrawal limit.
- Review your recent transaction history.
Final Thoughts
CoinRemitter is designed to make crypto transactions easy and secure. However, your safety also depends on how you manage your account. Scammers are constantly looking for new tricks to scam those who accept crypto payments, so staying informed is the best defense. By following the steps shown in this article, your chances of getting affected by such scams can be greatly reduced.