How to Keep Metamask and Wallet Safe? How can I avoid Scam Projects?

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6 Jan 2024
88

Hello friends, today I want to share important information about your metamask security. Let's start without wasting time.

1) After trading with Metamask, after interacting with any application such as swap, borrow, lending, etc., let's take care to disconnect the sites you are connected to from the connected sites section, no matter how reliable the site is.


2) Let's deauthorize our wallet on revoke.cash after interacting with any contract or any of the sites we transact with. No matter how much we trust the site, let's be careful to do these transactions. The reason is that the web3 world is very wide, the sites that are said not to be hacked have sunk the coins that are said not to sink. So everyone is responsible for their own security.


These are security measures that we all know and that newcomers to the web3 world should be aware of.
There are important security measures that I use myself. I would like to share them with you.

1) I use rabby wallet as a wallet. The reason is that I think it is more convenient and secure than the metamask wallet. rabby wallet gives a warning when connecting our wallet to the site. It shows the popularity of the site and which data site it is listed on.

2) When connecting your Rabby wallet to sites, it allows us to have preliminary information about the reliability of the site. If the popularity of the site is low, it shows very low. If it is not listed on any data site, rabby wallet gives a warning. I do not recommend entering such sites with your main wallet. Instead, it will be better for your wallet security to connect with the burner wallet. If these are not available, we cannot say that the site is a scam site, but it is important to connect with a burner wallet for your security.


3) Let's click on more on Rabby wallet and remove all the applications in the connected applications section after processing. No matter how much we trust the site we connect to, let's protect ourselves against the possibility of being hacked.


4) We can easily remove the permissions of the contracts we interact with from the approvals section on Rabby wallet without going to revoke.cash.

5) Finally, I would like to give an extra detail that is not related to our wallet security. If you are using the Debank app, we can get Debank testnet gas tokens via rabby wallet to evaluate the airdrop possibility. We can get it 1 time a day. You can put this among your daily transactions.


Before buying a meme coin via dexscreener, which is another topic, let's search for the contract address of the coin we will buy on tokensniffer.com and check whether the Ownership renounced or source does not contain an owner contract item is approved. This means that it tells us whether the creator of the coin has renounced the contract or not. These are not enough for security when buying coins. It's hard to know if there is a honeypot risk, so we should try to buy 1-2 dollars before buying and sell it later. Honeypot means that it does not allow you to sell the token after you buy it. Sites like dexscreener, dextools put malware in the contract address even if the security measures of the coin are complete. This is very difficult to detect. Therefore, a 1-2 dollar trial must be done before making our main purchase.


Finally, we need to pay attention to risk management. The more we lose, the more money we may need to make to replace it. So make sure your meme coin purchases don't exceed 1% of your balance. These are not investment recommendations. It's up to you to avoid risks and ensure your wallet security.


Finally, no one will ask you for your wallet words. Do not give your wallet words to anyone. Do not store them digitally. Prefer to store them physically if possible. The Web3 world is full of risks, it is up to you to minimize this risk. Thank you for reading.

I wish you all a happy day.
Stay safe.

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