How does wallet linking work?#AIXBT,COOKIE,CGPTOnBinance #USJobsSurge256K #DOJBTCAuction $BTC
1. When you connect your wallet to a website or decentralized application (dApp), you give that application permission to see the contents of your wallet (such as tokens, NFTs, and balances).
2. The link itself does not allow the site to transfer or dispose of your funds, unless you grant additional permissions.
When does it become dangerous?
The danger begins at:
1. Granting unnecessary permissions:
If the site asks for permission to make transactions or control your tokens, and that permission is granted, they may be able to withdraw your funds.
Example: Granting “Approve” permission to transfer tokens like USDT can give the site control over those tokens.
2. Signing malicious transactions:
When you sign a transaction without understanding its contents, actions such as sending your money may be performed without your knowledge.
3. Malicious or fake sites:
If the site itself is fraudulent, it may trick you into signing dangerous permissions or transactions.
How to protect yourself?
1. Use only trusted sites:
Check the site's reputation and the correct URL.
Use tools like DeFi Safety to evaluate dApps.
2. Review permissions carefully:
Before agreeing to any permission (such as "Approve" or "Sign"), read the details carefully.
Use tools like Revoke.cash to revoke unnecessary permissions.
3. Use a cold wallet for large assets:
Keep most of your funds in a cold wallet that is not connected to the internet and does not link it to sites.
4. Don't sign randomly:
Do not agree to any transaction or sign unless you understand exactly what you are doing.
5. Use separate wallets:
Use a dedicated wallet for everyday activities (such as linking to websites), and keep another wallet for larger assets.
Result:
Linking the wallet alone does not pose a risk.
Risks arise when granting unnecessary permissions or signing malicious transactions.
Always make sure to deal with trusted sites and understand every step you take.
