• 6 Tools to Detect A DeFi Scam

  As fraudsters grow more sophisticated, pinpointing deceitful tokens in the DeFi landscape becomes a greater challenge. Below are six invaluable tools geared towards spotting such tokens, with an aim to safeguard your assets. Disclaimer: This guide doesn't encompass every available tool, and none can guarantee absolute precision in discerning a token's legitimacy. Always conduct your own research and employ these tools with caution. Dextools OfferPopular

• Add a Custom Token to Trust Wallet

  Can't see the tokens you just purchased in Trust Wallet? No worry! This article is designed to help newcomers in the DeFi world who have just purchased a token but are not seeing it in their Trust Wallet. This usually occurs because Trust Wallet needs to be informed about the token in order to display it. Think of it like adding a new contact to your phonebook; the wallet needs the token’s details to recognize it. In the following sections, we will walk you through the straightforward process oFew readers

• How do I add a blockchain network to Metamask?

  There are dozens of blockchains that Metamask can interact with. Each blockchain needs to be added manually as a "custom network" before you can see your assets on that chain. There are a few different ways to add custom networks to Metamask. This article will go over the two primary ways to do this. Easiest Method - Via Chainlist Link your wallet to Chainlist. You can add a network to Metamask with a couple of clicks through this service. This is the easiestFew readers

• What is a digital wallet Seed Phrase?

  A digital wallet seed phrase, also referred to as a secret recovery phrase, is a collection of 12-24 words that can be used to access a cryptocurrency wallet without the private keys. When you create a digital wallet, you will be given a unique seed phrase that you will be told to write down somewhere, store, etc., in case you ever lose access to your wallet. In the event you ever lose access to your digital wallet, you will be able to recover access to that wallet with the seed phraseFew readers

• What is the difference between custodial and non-custodial digital wallets?

  Custodial digital wallets and non-custodial digital wallets are two types of digital wallets that are used to store, manage, and transact digital assets such as Bitcoin, Ethereum, and NFTs. Both types of digital wallets have their own set of features and benefits, and they differ in terms of how they store and manage the user's digital assets. A custodial digital wallet is a type of digital wallet that is managed and controlled by a third party, such as a cryptocurrency exchangeFew readers

• How to revoke a token approval

  The first step to either swap or add liquidity to a pool requires you to give consent for the specific token. This greenlights a protocol to carry out a swap involving that token from your digital wallet. There could be instances where you might need to withdraw token permissions. Some reasons for doing so include: Potential breaches or compromises of your wallet. To adhere to best practices and minimize risks related to theft or unauthorized access. Instructions to withdraw token consentFew readers

• Why Can't I see the Tokens I just Purchased in Metamask?

  Can't see the tokens you just purchased in Metamask? No worry! In this article, we address a common concern among newcomers to the DeFi space: not immediately seeing your newly purchased tokens appear in your MetaMask wallet. Often, this is simply because MetaMask isn't aware of the token yet. Just like how a new contact needs to be added to your phone to be recognized, MetaMask needs the token information to properly display your holdings to you. In the following sections, we'll guide youFew readers

• What is Web3?

  Centralization has helped onboard billions of people to the World Wide Web and created the stable, robust infrastructure on which it lives. At the same time, a handful of centralized entities have a stranglehold on large swathes of the World Wide Web, unilaterally deciding what should and should not be allowed. Web3 is the answer to this dilemma. Instead of a Web monopolized by large technology companies, Web3 embraces decentralization and is being built, operated, and owned by its users. WebFew readers

• What is a digital wallet?

  Introduction Digital wallets are the tools used to "store" cryptocurrency and digital assets such as NFTs. There are also physical hardware wallets, also known as "cold storage", but for the purposes of this article, we will solely focus on digital wallets. In order to participate in digital asset trading/collection/etc., you need a digital wallet with which you can store your assets. Non-Custodial digital wallets such as Metamask and Trust Wallet lead the pack in providing up-to-date tecFew readers

• Glossary of DeFi Terminology

  There are a lot of technologies, processes, and fine details that lay at the heart of Web3, DeFi, and cryptocurrency. This glossary hopes to be a useful tool that you can come to if you found a word somewhere that you don't know but feel you maybe should. BEP20: A technical standard that determines how tokens are transferred and how data is accessed on the BNB Smart Chain. Binance Coin (BNB): Binance Exchange's native cryptocurrency, used to pay fees for transacting and traFew readers