LB🍇
166 posts
2 Safety Tips I can't stress enough for newbies joining Crypto with us this year 📢 It takes not even 5 minutes to read this but it could save you big in the future 🧠 1) Revoking Wallet Approvals, It's Good Practice To Always Keep A Clean Sheet. Even contracts that are trustworthy & audited can end up having vulnerabilities, it's generally a low chance but you'll find out once it's too late so better to not take the risk, on the other hand random contracts with questionable functions you might have interacted with could be sitting there waiting so better to be safe than sorry. A reason why i love @Rabby_io wallet is they make it easy for anyone, you can revoke approvals right in the app itself, however if you use other wallets there are countless guides on how to do it or they may offer the same thing regardless of what wallet you use. It can also be done via the specific Block explorers for the chains you use. 2) Verifying Contracts Before Interacting, Always Verify The Contract Is Actually The Legit One, So you connect to a site you know and use regularly, it all looks the same you wouldn't question a thing, now you sign a transaction and all your moneys gone? If you took 1 second to check the contract on the transaction through a block explorer before signing, you may have seen multiple red flags for example: - Recently deployed - Not many transactions - Unusual or Untagged Deployer address and importantly its Tag on the Block Explorer, If its the legitimate contract it will usually be Tagged as verified and have the Protocols Name. Another reason why i use @Rabby_io is it will notify you of these red flags as well as letting you know if you've interacted with a contract before, The essence of Crypto is that you have full control of your money, You are the bank. With this being said you should always be informed and aware, as your security is only as good as you make it. Now it's time to get out there and make it big 👑 Thanks for reading 🙏
