What is token approval?
If a contract you've approved has a vulnerability or is malicious, the corresponding tokens in your wallet could be stolen.
Revoking an approval is also an on-chain transaction, so you'll need to pay a small Gas fee.
The most important thing to remember when managing your funds: keep your everyday wallet separate from the wallet where you store large amounts, and only keep approvals on your everyday wallet.
$ETH 2409.18(-1.03%)
If a contract you've approved has a vulnerability or is malicious, the corresponding tokens in your wallet could be stolen.
Revoking an approval is also an on-chain transaction, so you'll need to pay a small Gas fee.
The most important thing to remember when managing your funds: keep your everyday wallet separate from the wallet where you store large amounts, and only keep approvals on your everyday wallet.
$ETH 2409.18(-1.03%)