Safety and scamsBeginner
Fake wallet apps
Copycat apps in app stores or behind ads that use the name and icon of a real wallet.
- What it means
- Some steal the seed phrase you type in to "import" your wallet, others show a made-up balance while coins you deposit go to the scammers.
- What to watch
- A developer name that differs from the official one, a short download history, ads at the top of search results and requests for your seed phrase; installing via the link on the wallet's official website helps.
- How Compass-Alpha uses it
- Background only; not used in any figure on Compass-Alpha.
Free guides and tools
Crypto Fear & Greed IndexBitcoin DCA calculatorCrypto taxCrypto basics
More in Safety and scams
Rug pull warning signs
A rug pull is when the people behind a token take the money from its trading pool and disappear.
Fake airdrops and phishing links
Messages or tokens that promise a free airdrop to lure you to a look-alike website.
Seed phrase safety
A seed phrase is 12 or 24 words that can restore your whole wallet on any device.