- Feb 5, 2017
- 1,119
- 554
Hello fellow traders! This guide is designed to help you identify potential scam tokens and protect your funds from loss. As scams become more sophisticated, staying informed is crucial to safeguarding your capital. Here are five essential tools to help you identify scams and trade more securely.
Disclaimer:
This list is not exhaustive, and these tools don’t provide 100% accuracy. Always DYOR (Do Your Own Research) and use these resources with caution.
- Token Sniffer
Token Sniffer lets you search tokens on Ethereum and Binance Chain, showing details on known exploits and providing a quick contract audit.
Bonus: The platform includes a list of known scams and hacks, making it easy to check a token’s history.
- DexTools
Compatible with Ethereum and Binance Chain, DexTools allows you to review token activities like buy/sell orders by searching a token's contract address.
Red Flag: If you see no sell orders, this could be a honeypot.
Bonus Tip: If only green candles are visible across timeframes, selling may be restricted.
- De.Fi Scanner
De.Fi Scanner is perfect for checking smart contracts for vulnerabilities. Just input the contract address, and it will scan for any unsafe practices. This tool is favored by 1inch users for secure trading.