Don't LOSE Your Crypto! | Token Approvals Explained

Описание: In this video, Matt explains everything you need to know about token approvals—including unlimited token approvals; how token approvals can be the reason you lose all your cryptocurrencies; token approvals vs dapp permissions; and how to stay safe by reviewing and revoking your token approvals. #Crypto #Ethereum #MetaMask

Resources mentioned:
→ Guide to avoiding crypto and NFT scams: https://collectiveshift.io/security/s...
→ MetaMask guide: https://collectiveshift.io/metamask/h...
→ Uniswap guide: https://collectiveshift.io/defi/dex/g...

Timestamps:
00:00 Intro
01:11 About token approvals
01:26 Token approval example
02:45 Two main ways how unlimited token approvals can lead to you losing cryptocurrency
05:43 Token approvals vs dapp permissions
07:08 How to revoke token approvals
09:14 Summary
10:31 Action item
10:55 Ask about token approvals below
11:02 Outro

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🚨 DISCLAIMER

We are not Financial Advisors. All opinions expressed by Collective Shift representatives and/or guest/s in this video are intended for informational purposes only and should not be treated as investment or financial advice of any kind. Any information provided during the video is general in nature and does not take into account the viewers' specific circumstances. Collective Shift and its individual team members are not liable to the viewer or any other party for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances.

The viewer should always:
1. conduct their own research;
2. never invest more than they are willing to lose; and
3. obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.