🧮 Today’s useful tip: token approvals
If a contract you’ve approved has a vulnerability or is itself a phishing contract, tokens in your wallet may be stolen.
Use separate wallets for everyday transactions and for holding large amounts of assets. Only grant approvals from your everyday wallet.
Understanding how this works can help you avoid some pitfalls, but it’s no substitute for managing your positions.
Token in the example: $ETH , price 2415.17 (24h: -0.51%).
If a contract you’ve approved has a vulnerability or is itself a phishing contract, tokens in your wallet may be stolen.
Use separate wallets for everyday transactions and for holding large amounts of assets. Only grant approvals from your everyday wallet.
Understanding how this works can help you avoid some pitfalls, but it’s no substitute for managing your positions.
Token in the example: $ETH , price 2415.17 (24h: -0.51%).