Top Crypto Audit Companies For 2023
09/13/2023 18:45
Crypto audit companies play a pivotal role in evaluating the security and functionality of blockchain projects and cryptocurrency exchanges.
Blockchain industry has grown exponentially and given some unique advances that has open a new horizon for industries across the globe. We have experienced the ongoing craze of cryptocurrencies and the advent of web 3.0. All this could happen because of the existence of blockchain technology.
However, as technology expands to unparalleled heights, the chances of fraud and foul play are also increasing. In order to keep these exploits at par, there have been a few reputed auditors that specialize in blockchain-based technological companies testing.
We have prepared a comprehensive list of the top crypto audit companies with astounding reputations. If you are wondering how we picked these companies, then read about our process here.
Best Crypto Audit Companies
Certik
A thorough analysis of your blockchain code and smart contract security to find flaws and suggest fixes. Our industry-leading audit methodology and tools, which use a mathematical approach to ensure that your program operates as intended, also include a review of the logic in your code. Obtain thorough reporting that includes conclusions and suggestions for fixing vulnerabilities. Depending on the size of the project’s code, offering the broadest language and ecosystem coverage and quicker onboarding options.
| Cost | $15 000 – $25 000 |
| Blockchains | Accepts Ethereum, Polygon, Solana, and other 25 chains. |
| Audited companies | 4.1K and counting |
| Accuracy | High |
| User response | 4.5/5 |
Features
- It offers complete security audits for smart contracts using formal verification and AI technology.
- They can mathematically validate the security of smart contracts by fusing these two forms of verification, which is a feat that other businesses have not yet achieved.
- The company created "CertiK Chain," a blockchain that focuses on security and was created to increase the security of smart contracts.
PROS and CONS
- The audits are completed quickly, sometimes in less than 48 hours.
- A complete set of security instruments.
- A standing as a forerunner in blockchain security.
- Expensive and unaffordable for modest projects.
PeckShield
PeckShield specializes in blockchain security and offers complete security options for wallets, exchanges, and smart contracts. Its Penetration Testing is a potent and user-friendly “pentesting” tool that can assist you in identifying weaknesses in your system. In order for you to get going quickly and easily, it aims to be straightforward. PeckShield will walk you through the process, so you do not need to be an expert in pentesting. Prior to any vulnerabilities being exploited, you can identify them and fix them using PeckShield.
| Cost | $30,000 to $70,000 |
| Blockchains | Ethereum, BNB Chain, EOS, Tron, Harmony, NEO |
| Audited companies | 3000+ |
| Accuracy | Moderate |
| User response | 3.5/5 |
Features
- PeckShield examines the architecture of your app to find any potential security risks.
- The project scans your app for flaws and evaluates the risks involved.
- The technical staff at PeckShield examines the source code of your app to check for any potential security holes.
- The business tests your app's resistance to actual attacks by simulating them.
PROS and CONS
- Its program offers rewards for crowdsourcing security work.
- DEX audits (ParaSwap, Sushi, dYdX) have been the subject of extensive experience.
- It only supports Ethereum, BNB Chain, EOS, Tron, Harmony, NEO.
Trail of Bits
For everything from software assurance and security engineering to smart contract audits, think about using Trail of Bits as your go-to provider. Trail of Bits, which has earned the trust of industry juggernauts like Adobe, Microsoft, and Stripe, has also collaborated on some of the biggest cryptocurrency projects, including Curve, Ethereum 2.0, MakerDAO, Chainlink, Compound, Matic, Uniswap, and Algorand.
| Cost | $250,000 |
| Blockchains | Ethereum, Arbitrum, Optimism, Polygon, Multichain and others. |
| Audited companies | 3000+ |
| Accuracy | Moderate |
| User response | 3/5 |
Features
- Trail of Bits offers Ethersplay, Slither, Echidna, and other tools.
- The business offers security audits for infrastructure security, software hardening, blockchain security, threat modeling, and cryptographic analysis.
- It holds a good reputation in the industry.
PROS and CONS
- They have exceptional research and development services to enhance customer service
- It offers thorough support for special requirements.
- The tool is easy to integrate.
- Not much cons
Open Zeppelin
OpenZeppelin conducts an audit to confirm that your distributed systems operate as intended. Their engineers thoroughly examine the architecture and codebase of your system, and they then produce a comprehensive report that contains suggestions for fixing every problem they discovered. They are knowledgeable about every component of the technology stack, including languages, compilers, smart contract systems, protocols, and applications. Their auditing scope includes financial systems, governance frameworks, and distributed payment networks.
| Cost | $3,33,333 |
| Blockchains | Ethereum |
| Audited companies | 200 |
| Accuracy | Moderate |
| User response | 3/5 |
Features
- It knows intricately about the technology stack, including languages, compilers, smart contract systems, protocols, and applications.
- They cover a large range of industries for audit, including financial systems, governance frameworks, and distributed payment networks.
- It provides a comprehensive suite of security products.
PROS and CONS
- It also develops smart-contract code (open-source library).
- The customer support department is good.
- The incident response and bug bounties are absent.
Cyfrin
Cyfrin is among the well-known web3 auditing firms that are crucial to the development of web3. It is a blockchain auditing business that favors granting access to cutting-edge features to web3 developers. In the list of blockchain auditing companies, Cyfrin stands out due to its dedication to enhancing the web3 developer experience. Smart contract logic tests, documentation, and tests are necessary for an entire audit. They use stacks such as Solidity, Vyper, Huff, Foundry, Hardhat, Brownie, Apeworx, and Truffle.
| Cost | Information unvaible |
| Blockchains | Ethereum, Optimism, Arbitrum, Polygon, Multichain |
| Audited companies | 200 |
| Accuracy | Moderate |
| User response | 3/5 |
Features
- Cyfrin offers in-depth knowledge of the best practices for enhancing the code.
- They have a brilliant team of testers and developers.
- It has awesome customer support.
PROS and CONS
- They offer a safe, reliable, and transparent environment.
- It helps project creators at every step of their security journey.
- There are no notable cons.
Hacken
Hacken certification is recognized as a Web 3.0 security standard. it is likely that we secured a blockchain application. According to market value, Hacken is ranked third among the top five cyber security companies. It has partnerships with 80 companies, including the Solana Foundation. Hacken is constructing the foundation for the Web 3.0 security market and aims to be your one-stop blockchain security solution.
| Cost | Not available |
| Blockchains | Solana, Avalanche, BNB Chain, Ethereum, Optimism, Polygon, Arbitrum, NEAR, Aptos, Sui, Cosmos, Polkadot, and Fantom |
| Audited companies | 3500+ |
| Accuracy | High |
| User response | 4.5/5 |
Features
- It has collaborated on more than 80 projects, including well-known initiatives with names like Avalanche, VeChain, Huobi, Kyber, and others.
- Hacken offers a wide range of security services, including vulnerability analysis, bug bounty program management, and web/mobile penetration testing.
- It was primarily concerned with stopping flash loan abuse.
PROS and CONS
- It has organized and qualified security testing.
- Its customer service is helpful.
- It has a good reputation.
- It has no advisory services.
Halborn
Halborn has developed a specialty in identifying security holes and poor design in blockchain applications. They test the smart contract application manually and automatically to make sure it is prepared for mainnet. The company specializes in protocols like Algorand, Substrate, CosmWasm, Terra, CosmWasm, and Substrate.
| Cost | Not mentioned |
| Blockchains | Polygon, Ethereum, Solana, Multichain |
| Audited companies | 3500+ |
| Accuracy | Moderate |
| User response | 3.5/5 |
Features
- They also provide SAAS, and advanced penetration testing, among others.
- It has a brilliant team of developers.
- It supports Ethereum, Terra, Cosmos Tendermint, and Algorand.
PROS and CONS
- It has audited numerous projects.
- The company has a good team supporting audits.
- It sometimes takes four weeks to submit a report.
Quantstamp
Quantstamp can offer auditing services in any language, including those created especially for blockchain applications. In addition to Cardano, Solana, BNB Chain, and Ethereum 2.0, the company has also audited protocols like Maker, Curve, and OpenSea. Its offerings include financial primitive development for Layer 1 blockchain ecosystems, auditing Layer 1 blockchains, and NFT and DeFi applications powered by smart contracts.
| Cost | Not mentioned |
| Blockchains | Ethereum, Solana, Avalanche, Arbitrum, Polygon |
| Audited companies | 120+ |
| Accuracy | High |
| User response | 4.5/5 |
Features
- It ensures that smart contract audits are conducted by security experts.
- It has a wallet tracing service.
- They also conduct decentralized app (dApp) audits.
PROS and CONS
- It covers a wide range of industries.
- It works for non-fungible tokens as well.
- It only covers Ethereum.
Conclusion
In a world where digital assets hold immense value, trust and security are non-negotiable. The top crypto audit companies discussed in this guide are the guardians of this trust, providing essential services to ensure the safety and reliability of the crypto ecosystem. Among all notable names on the list Certik and PeckShield have gained highest reputation.
Whether you’re a crypto enthusiast, investor, or project developer, knowing the top crypto audit companies is a crucial step toward a safer and more secure crypto future. We hope our shortlisted company names would help you in selecting the best audit company.
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Frequently Asked Questions (FAQs)
Crypto audit companies assess the security and functionality of blockchain projects and cryptocurrency exchanges, identifying vulnerabilities and ensuring compliance with industry standards.
They enhance security by thoroughly evaluating blockchain systems, identifying potential risks, and providing recommendations to address these issues proactively.
Yes, they are essential. Crypto audit companies help crypto projects build trust within the community, ensure regulatory compliance, and mitigate risks.
The frequency of audits may vary, but they are typically recommended whenever significant updates or changes occur within a project.