How to Handle Unknown Tokens Safely in Your Wallet

When you receive unknown tokens in your wallet, it's crucial to take cautious steps to avoid losing your money. Use only trusted and verified wallets like Trust, SafePal, Ledger, or Rabby, as they are top-tier options, whereas MetaMask has become somewhat outdated, and suspicious tokens might be flagged and lead to an abrupt 'investigation' halt. Access your wallet through blockchain explorers such as bscscan.com, solscan.io, or etherscan.io to review all activities and verify what is stored within your wallet. Locate the token on the explorer to study it—many tokens mimic well-known assets like stablecoins or popular cryptocurrencies, making identification vital. For example, USDT on BSC can be confirmed by visiting CoinMarketCap (CMC) and inspecting its contract details. If you find that you've received a large amount of fake USDT, it’s safer to leave it untouched because it could contain malicious smart contracts that might compromise your security. This mini-guide aims to help in preventing financial loss amid scam attempts by providing clear, actionable steps for analyzing unknown tokens.