Protect Yourself from Risks in Web3 with Bitget Wallet

With the rapid growth of Web3, ensuring user security has become of paramount importance. To address this critical concern, Bitget Wallet has taken continuous and consistent steps to ensuring secure trading and interactions for all users, such as bolstering its security capabilities and forging strong partnerships with security experts in the industry to implement comprehensive user security measures.

In a strategic move aimed at upgrading security parameters, Bitget Wallet has joined forces with the prominent blockchain security platform, GoPlus Security. This collaboration has led to the official integration of a multitude of security enhancements, encompassing detection alerts for risky tokens, contracts, DApps, and NFTs. By harnessing GoPlus Security's formidable risk assessment capabilities and extensive repository of security intelligence, Bitget Wallet empowers users to proactively identify an array of potential threats. This proactive stance effectively curbs security vulnerabilities during trading and interactions.

Functioning as the bedrock of security in the Web3 landscape, GoPlus Security stands as a robust security foundation for Bitget Wallet users, extending its unwavering protection through its open and permissionless security services.

In this article, we will be going through the various security detection features of Bitget Wallet that are bolstered by GoPlus Security.

1. Risky Address Detection | Risk Alerts for Transfers

Bitget Wallet takes proactive measures to shield users from potential security hazards associated with honeypot addresses, unusual wallet addresses, high-risk contracts, and more. To achieve this, Bitget Wallet has seamlessly integrated with the open-source security address repository offered by GoPlus Security. This strategic integration empowers the wallet to effectively discern diverse types of risky addresses and contracts, enabling it to promptly affix risk designations and provide risk notifications to users.

Should a user attempt to transfer funds to these dangerous addresses or contracts, Bitget Wallet promptly triggers alerts, notifying the user about impending dangers. For instance, if a recipient's address is designated as high-risk, the user will be alerted to a specific notification type that corresponds to the risk category of that particular address. These notifications typically fall within one of the three primary categories outlined below:

Please be aware that due to the unpredictability and covertness of fraudulent practices, not all risky contracts or addresses have been catalogued and as such, the absence of a notification does not provide a 100% guarantee of security. Users should remain vigilant, enhance their judgment abilities, and practice due diligence to protect their assets when accessing third-party websites and conducting transfers.

Related reading: Identifying Risks and Safeguarding your Trades in DeFi

2. Risky Domain Detection | DApp Risk Alert

Within the world of Web3, phishing websites are a popular tool utilized by malicious actors to lure unsuspecting users into connecting their wallets and granting authorization. Doing so would allow the malicious actor to gain transfer authorizations and steal assets from their victims' accounts.

To address this, Bitget Wallet has enhanced its risk notifications for third-party websites, which serve as the first line of defense. Users will be alerted to warnings when they attempt to access these fraudulent websites or proceed with phishing scams.

To address this, Bitget Wallet collaborates with third-party security entities and integrates GoPlus Security and the GitHub open-source repository to identify potential phishing websites. When users access third-party URLs and open suspicious links, Bitget Wallet automatically checks if the website domain is listed on the blacklist domain database. If the website in question is designated as a potential phishing or malicious website, Bitget Wallet immediately displays a security prompt, warning the user about the potential risks associated with the site.

In addition, when users access DApps within Bitget Wallet's DApp browser, the system likewise also automatically examines whether the DApp might pose security risks. If a potential security risk is detected, a clear warning about the DApp's potential risk is presented to users before the jump into the malicious DApp. This allows users to make informed decisions about whether to proceed to the DApp based on the alert prompt given. This dual-layer protective mechanism not only facilitates direct DApp access within the wallet but also proactively alerts users to potential security risks associated with the DApps, thus comprehensively safeguarding users' interaction security.

3. Smart Contract Risk Detection Tool

Users have the opportunity to leverage an effective inspection tool, designed through the collaborative efforts of Bitget Wallet and GoPlus Security, offering users with a swift evaluation of the security status of smart contracts tied to Tokens, NFTs, and DApps. This proactive strategy effectively shields users against potential asset losses attributed to vulnerabilities in these contracts. Concurrently, the inspection tool is adept at isolating exact risk zones within the contracts. This precision empowers users to gain a deeper and more holistic comprehension of the smart contracts they are considering for use.

This heightened understanding aids users in making informed decisions about whether to interact with a specific smart contract, thereby significantly mitigating potential usage-related risks.

4. Approval Tool

Users can also employ the approval checker tool within Bitget Wallet to examine permissions granted to third-party applications, thereby proactively identifying potential security risks. For instance, users might have granted permissions to certain applications previously that they may have forgotten about. The approval checker tool can reveal these permissions, and will allow users to promptly revoke high-risk authorizations or those that are no longer necessary with just one click directly from within the wallet. Timely detection and revocation of suspicious authorizations can help prevent asset theft or other losses.

In addition to the security features already launched by Bitget Wallet, new measures will also be introduced soon, such as NFT risk detection and greater anti-phishing capabilities. Through Bitget Wallet's collaboration with the GoPlus Security team, the Bitget Wallet team is dedicated to comprehensively enhancing the security and user experience of cryptocurrency wallets, empowering users to explore the world of Web3 with a greater peace of mind.

Click here to learn more about the other security features of Bitget Wallet!

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