Keep Your Transactions Safe and Secure
Security is paramount in Web3 payments. Follow these expert-recommended practices to protect your business and customers from crypto-related threats.
Wallet Security Fundamentals
Never store private keys on servers. Use hardware wallets for business funds and implement multi-signature setups for large transactions. Switro's custody solutions provide enterprise-grade security.
Smart Contract Auditing
Regularly audit payment smart contracts for vulnerabilities. Use reputable auditing firms and implement time-locked upgrades for critical contract changes.
Transaction Validation
Always validate transaction signatures and amounts on your backend. Never trust client-side data alone. Implement proper slippage protection for token swaps.
Webhook Security
Secure webhook endpoints with:
- HTTPS encryption
- Signature verification
- IP allowlisting
- Rate limiting
- Idempotency keys
Customer Education
Educate customers about:
- Phishing attempts
- Fake wallet connections
- Transaction verification
- Safe wallet practices
Monitoring and Alerts
Implement real-time monitoring for:
- Unusual transaction patterns
- Failed payment attempts
- Potential security breaches
- Suspicious wallet addresses
Compliance Considerations
Stay compliant with:
- AML/KYC requirements
- Local crypto regulations
- Data protection laws
- Financial reporting standards
Incident Response
Prepare an incident response plan including immediate actions, communication protocols, and recovery procedures.
Community
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