Crypto security: avoiding scams & rug pulls

Most crypto losses come from human mistakes and scam projects — not broken blockchains. A handful of habits will protect you from the vast majority of them.

Protect your wallet first

• Never share your seed phrase (recovery words) with anyone, ever. No real service will ask for it.
• Store the seed phrase offline, on paper — never in a screenshot, email or cloud note.
• Use a hardware wallet for larger amounts.
• Double-check website URLs; bookmark the real ones to avoid fakes.

What is a rug pull?

A rug pull is when a token's creators drain its liquidity or dump their holdings, crashing the price to near zero. Warning signs: unlocked liquidity, a team holding most of the supply, anonymous founders with big promises, and a brand-new token with sudden hype.

What is a honeypot?

A honeypot is a malicious token you can buy but cannot sell — the contract blocks selling for everyone but the creator. Always check that a token is sellable (use a token-safety scanner) before buying, and prefer tokens with verified, open-source contracts.

Checklist before buying a token

• Is the contract verified on the block explorer?
• Is liquidity locked, and for how long?
• Has the owner renounced the contract (no hidden mint/blacklist)?
• How is the supply distributed across wallets?
• Is there a real community and use case?

If you are creating a token: build trust

The same signals that protect buyers make your project credible. Use a verified contract, keep your token immutable & ownerless by default (or renounce ownership), and lock liquidity after launch. Our token creator deploys open-source, verified contracts that are rug-proof by default.

Golden rules

• If it sounds too good to be true, it is.
• Never invest more than you can afford to lose.
• Verify, then trust — never the other way around.
• Slow down: scams rely on urgency.

Frequently asked questions