【Quick explainer】What is token approval?
Many DApps request unlimited approval by default. That approval remains active until you cancel it.
Approval is like giving someone a permission slip to withdraw funds from your wallet: the higher the limit and the longer it lasts, the greater the potential risk.
Here's the current price: $ETH is quoted at 2246.76, 24h +0.86%.
Treat any “customer service” representative who contacts you out of the blue as suspicious. Legitimate platforms will never ask for your seed phrase.
#ETH
Many DApps request unlimited approval by default. That approval remains active until you cancel it.
Approval is like giving someone a permission slip to withdraw funds from your wallet: the higher the limit and the longer it lasts, the greater the potential risk.
Here's the current price: $ETH is quoted at 2246.76, 24h +0.86%.
Treat any “customer service” representative who contacts you out of the blue as suspicious. Legitimate platforms will never ask for your seed phrase.
#ETH