In today's rapidly evolving digital landscape, safeguarding your cryptocurrency investments has never been more critical. Recent data highlights a concerning trend: cybercriminals stole 31.61% more cryptocurrency in 2024 compared to 2023, with losses totaling $2.36 billion across 296 phishing-related incidents alone.
This guide outlines proven security measures to protect your VALR account and digital assets from threats like phishing scams, impersonation schemes, and malicious actors.
Why Crypto Security Matters
- Market Growth: As of January 2025, the global crypto market capitalization surpassed $3.26 trillion, attracting both investors and bad actors.
- Regulatory Gaps: Over 2.4 million digital assets exist in a largely unregulated environment, making users prime targets for fraud.
Common Attack Vectors
- Phishing Scams: Fraudsters impersonate trusted entities (e.g., VALR) via fake emails or websites to steal credentials.
- Screen-Sharing Frauds: Scammers offer "help" while secretly accessing your device.
- Recovery Scams: False promises to recover lost funds for a fee.
- Fake Trading Sites: Platforms offering unrealistic profits to lure deposits.
👉 Protect your assets now with VALR’s secure platform
Essential Security Practices
1. Educate Yourself
- Understand blockchain basics, risks, and threat vectors. Resources like the VALR Blog provide reliable insights.
2. Strong Passwords
- Use 12+ characters with mixed cases, numbers, and symbols. Never reuse passwords.
3. Enable 2FA
- Add an extra layer of security via authenticator apps (e.g., Google Authenticator).
4. Avoid Phishing Attempts
- Verify URLs (valr.com only) and sender emails (@valr.com).
5. Secure Devices
- Install antivirus software and avoid public devices for crypto transactions.
6. Monitor Account Activity
- Regularly check for unauthorized transactions.
7. Report Suspicious Behavior
- Contact VALR support ([email protected]) immediately.
VALR’s Protective Measures
- Multi-Signature Wallets: Funds stored in cold/hot wallets requiring multiple approvals.
- Full-Reserve Model: 100% asset backing eliminates counterparty risk.
- Automated 2FA: Mandatory for all critical actions.
👉 Explore VALR’s security features today
FAQ
Q: How do I spot a phishing email?
A: Check for subtle typos in sender addresses (e.g., @valr.co vs. @valr.com).
Q: Is screen-sharing safe for tech support?
A: No—legitimate companies like VALR never request screen access.
Q: What if I’ve shared my password?
A: Reset it immediately and enable 2FA.
Stay vigilant, prioritize security, and trade confidently on VALR—a platform built to keep your investments safe.