In 2024 alone, over $2.2 billion of was stolen in crypto. And 2025 isn’t looking safer: Bybit already lost $1.4 billion in a cold wallet breach, while Coinbase suffered a data leak that led to targeted scams.
In this article, the BitHide team shares five practical tips on how business working with crypto can secure its assets.
How to Keep Your Business Crypto Safe: 5 Essential Tips
1. Choose Non-Custodial Infrastructure
Non-custodial wallets give you full ownership of your private keys, meaning no third party can access your funds or sensitive data. This significantly lowers the risk of asset freezes, data leaks, or insider attacks — all common issues with custodial platforms.
2. Hide Your Real IP Address
Every time your wallet connects to the blockchain, its real IP address is exposed to a node — and some of those nodes are controlled by hackers. With just your IP address, attackers can trace the physical location of your server and potentially identify the owner of the wallet.
Standard tools like VPNs don’t offer enough protection. Their user data often leaks, and most blockchain nodes block connections from Tor entirely.
To stay private, use crypto infrastructure with built-in IP protection. BitHide, for instance, automatically changes your IP multiple times for each transaction using a combination of Tor and VPN, so nobody can track your wallet activity and location.
3. Screen Incoming Funds for Risk
Taking crypto from unknown sources can put your entire wallet at risk. Some assets may be tied to scams, mixers, or sanctioned entities — which could result in account freezes. Choose a payment gateway with built-in AML checks so you can evaluate each transaction before the funds hit your balance.
4. Limit Access Within Your Team
Full system access shouldn’t be granted to everyone. The fewer people with high-level permissions, the lower the risk of internal mistakes or abuse. Set clear roles — one person handles payouts, another views reports, and no one sees more than they need.
The Coinbase breach is a clear example. In 2025, attackers bribed outsourced support staff to gain access to sensitive user data. They used it for phishing scams, tricking users into transferring funds. The estimated losses reached between $200,000 and $400,000.
5. Use Strong Encryption and Backup Protection
Security doesn’t stop at access control. Your wallet infrastructure should include 512-bit private key encryption, two-factor authentication, and device fingerprinting to protect against unauthorized access. These layers make it nearly impossible for attackers to break in, even if they get past the surface.
Don’t forget about backups. You should be able to restore your wallet exactly as it was without losing data or functionality. Just make sure those backups are encrypted and stored securely.
Confidential Crypto Wallet for Business
All of the above security features are already built into the BitHide crypto wallet for business — and it offers even more on top. Solution also includes:
- Unlimited wallets
- Disposable fee addresses
- Auto-withdrawals
- Mass payouts
- Detailed reports
Conclusion
With billions lost to hacks, leaks, and frozen funds, crypto security is no longer optional — it’s critical. Businesses need more than just wallets. They need infrastructure designed for privacy, control, and resilience.
BitHide brings all essential protections into one platform, helping companies stay one step ahead of threats while keeping full ownership of their crypto and data.
