What is token approval? Many people can't answer!
An approval doesn't move your tokens right away, but the approved contract can later transfer tokens up to the approved limit at any time.
An approval is like giving someone a power of attorney to withdraw funds from your wallet: the higher the limit and the longer it lasts, the greater the risk.
Don't rush to click unfamiliar links, and make sure you understand what you're approving before you sign.
$ETH 2420.55(-4.08%)
An approval doesn't move your tokens right away, but the approved contract can later transfer tokens up to the approved limit at any time.
An approval is like giving someone a power of attorney to withdraw funds from your wallet: the higher the limit and the longer it lasts, the greater the risk.
Don't rush to click unfamiliar links, and make sure you understand what you're approving before you sign.
$ETH 2420.55(-4.08%)