spamtokens

Spotting SPAM TOKENS in your Binance Web3 Wallet is key to staying safe. Here’s how to identify and handle them:

HOW TO NOTICE SPAM TOKENS:

1. Unknown Origins – If you don’t recognize the token or didn’t interact with the project, it’s likely spam.

2. Too Good to Be True – Tokens claiming massive airdrops, rewards, or urgent actions (“claim now!”) are usually scams.

3. Zero Value or Weird Names – Check the token's market data. If it has no liquidity, odd characters, or a random name, it’s suspect.

4. You Can’t Swap or Transfer It – Scam tokens are often coded so you can’t do anything with them, trapping your attention.

5. Fake Branding – Some spam tokens mimic legitimate ones by using similar names or logos (e.g., "USDT Plus+" or "Binance Gift").

6. Prompts to Visit External Sites – If a token description or notification urges you to click a link or visit a DApp, ignore it.

7. Suddenly Appears After Connecting to a DApp – Tokens might show up after using shady platforms or signing suspicious smart contracts.

WHAT TO DO ABOUT SPAM TOKENS:

Do NOT interact with them – Don't click, swap, or try to move them. Even interacting can trigger malicious smart contracts.

Hide them in your wallet – Binance Web3 Wallet allows you to hide unwanted tokens from view.

Report them if possible – Some wallets allow flagging spam or malicious tokens for review.

Revoke token approvals – Use tools like Revoke.cash or Binance’s built-in DApp permission managers to revoke any suspicious approvals.
#Web3 #spamtokens

Reading about #spamtokens on Binance makes me scared but at the same time empowered to know how to respond when you receive one into your wallet.

Read it here,

Spammers Everywhere!!

#BinanceSafetyInsights #SecureYourAssets