As an avid explorer of the EVM (Ethereum Virtual Machine) and Solana blockchains, I've witnessed firsthand the growing excitement and vibrancy of these ecosystems, which can offer big opportunities, especially with the current airdrop farming.
However, alongside the allure of new opportunities, there's also an increasing presence of malicious individuals seeking to exploit unsuspecting participants. These encounters have prompted me to share my personal experiences and insights, hoping to empower others to stay safe.
1) Use a Burner Wallet
Your wallet serves as the gatekeeper to your digital assets, and safeguarding it is paramount. My recommendation is to utilize a burner wallet for riskier interactions, such as connecting to websites that haven't garnered your full trust. These burner wallets hold a negligible amount of crypto, making them less attractive targets for scammers.
2) Be Vigilant with Links
The digital world is teeming with tempting links, and while they often lead to legitimate destinations, some harbor hidden dangers. Before clicking on any link, exercise caution. Scrutinize the sender's information, the overall context of the message, and any discrepancies in the website's URL. If something feels off, err on the side of caution and refrain from clicking.
Please see below for instance a typical Twitter scam - there are many red flags in this tweet... If you find them, please let me know in the comments!
3) Connect Only to Trustworthy Websites
When connecting your wallet to any website, ensure it's a reputable platform that has earned a positive reputation and established itself over time. Conduct thorough research to verify the website's authenticity and avoid connecting your wallet if doubts linger.
4) Beware of the Approvals
Approving transactions may seem straightforward, but it's essential to exercise extreme caution. By approving a transaction, you're granting someone access to your cryptos. While this facilitates seamless interactions with decentralized applications (DApps), it also creates the potential for misuse. Only approve transactions if you fully comprehend their purpose and are certain of their legitimacy.
5) Use Only Reputable Wallets
The Ethereum and Solana ecosystems offer a diverse range of wallets, but selecting one with a proven track record of security is crucial. Conduct thorough research, read user reviews, and consult with experienced Ethereum and Solana enthusiasts to identify a wallet that will safeguard your crypto.
In summary
By adhering to these personal tips, you can significantly reduce the risk of falling prey to scams on the EVM or Solana blockchains. Remember, vigilance and caution are your steadfast allies in protecting your cryptos.
