Fake tokens, spam airdrops and trading scams

Scammers use tokens and transfers as bait: fake tokens with real names, airdrops of spam tokens and NFTs, tiny transfers from look-alike addresses, and trades with strangers who never pay. None of them can take your crypto unless you send it, approve it, or reveal your mnemonic phrase.

Fake tokens

Anyone can create a token called USDT or ETH. A fake one has a different contract address and is worth nothing. Check the contract address on the project's official website or a block explorer before you buy, receive or add a token. FxWallet warns you about tokens it hasn't catalogued: "Token is uncatalogued and may be risky, please verify its safety and proceed with caution." See Add a custom token.

Spam airdrops and NFTs

Tokens and NFTs that you didn't ask for often point to a site where you can "claim" a reward. Claiming means approving a contract that can take your real tokens. Don't open the links, don't approve anything, and ignore the token. On networks where FxWallet detects spam, it hides spam airdrops and phishing transactions from your history (Hide Spam Transactions).

Look-alike addresses

Scammers send tiny amounts, or worthless tokens, from an address that starts and ends like one you use, hoping you'll copy it from your history next time. Copy the address from the recipient or your address book, and compare the whole address before you send. See Send crypto.

Trading with strangers

A stranger offers to buy your crypto above the market price, or to sell below it, if you send first. Once you send, they disappear, and nobody can get the crypto back. Don't trade with strangers without a trusted third party, and don't scan codes or open payment links they send.