Security becomes one of the most important things when you accept crypto payments for your business. Even a minor security issue can cause permanent fund loss. Also, crypto does not offer refunds like traditional banking. Before choosing CoinRemitter as your primary crypto payment processor, you must understand how secure the platform is for your business.
Let’s understand how this crypto payment gateway protects accounts, funds, and user privacy to judge its security. These are the areas that matter the most when a platform lets businesses accept payment in crypto.
Account Security
Crypto networks use cryptography to protect transactions. But that alone cannot prevent someone from logging into your account, especially if your login information is leaked. So, we can say that your account needs additional protection.
This cryptocurrency payment gateway includes multiple security features for login. However, you have to enable them to secure your account.
- Two-Factor Authentication (2FA): This makes your login process secure by adding a layer of approval. Your account cannot be accessed unless the login is confirmed through Google Authenticator.
- Code Card: In case you cannot access Google Authenticator, this feature helps you log in safely. It ensures you can log in to your account securely even if you’ve lost access to Google Authenticator.
- Login History: You can see every login made to your account with details such as time, IP address, and location. If you notice any unidentified device or location, you can immediately take action to secure your account.
- Login Shield: This feature sends an OTP to your registered email whenever someone tries to sign in. Logins without OTP aren’t allowed if you have enabled the Login Shield.
- Login Notification: Every login attempt is shared with you by email. This makes you aware of account activity even if you are not online at that moment.
- Active Login: Here, you can view all devices currently logged into your account. If you find any unauthorized session, you can log out remotely.
These features help detect unauthorized attempts early and block unwanted access as soon as possible.
Fund Security
Chances of recovering stolen funds are negligible, as crypto transactions cannot be reversed. That is why fund security is quite important for businesses that accept payment in crypto.
This crypto payment processor provides two useful ways to protect your funds:
- API Withdrawal Control: If you believe your wallet’s API key is exposed, you can turn off API withdrawals instantly from wallet settings. This prevents anyone from stealing funds from the crypto API docs.
- Daily Withdrawal Limit: You can set a withdrawal limit for your wallet. Any withdrawal above that limit will not be processed on the same day. This reduces the amount you could lose even if someone becomes successful in accessing your account or wallet credentials. It also gives you time to secure your account to prevent a big loss.
This way, you can keep your funds secure inside your CoinRemitter wallet.
Privacy Protection
Many businesses prefer to accept crypto payments due to anonymity. KYC verification can remove anonymity and also increase the risk of personal information getting leaked online.
This crypto payment gateway solves this with:
- No KYC Requirement: You can create an account with basic information and start accepting cryptocurrency payments without submitting ID proofs. That means your personal information remains safe as it is never collected.
- Transparent Privacy Policy: The privacy policy is publicly available even before registration. Everything about data usage is clearly written, so you can understand it before making a choice.
This level of privacy and transparency is helpful for business owners who do not want their details stored on any server.
So, How Secure Is CoinRemitter?
CoinRemitter focuses on the three main areas that matter most in crypto payments:
- Secure login protection
- Protection against unauthorized withdrawals
- Strong privacy without KYC documents
Its features allow you to detect unwanted login attempts, block them, and protect funds from possible risks. This cryptocurrency payment gateway does not ask for sensitive documents, so you don’t have to worry about your personal information getting leaked online.
Overall, this crypto payment gateway provides a secure solution to those who want to accept cryptocurrency payments online. It gives control to business owners and keeps security features easy and practical, so anyone can use them.