Safety and scamsBeginner
Seed phrase safety
A seed phrase is 12 or 24 words that can restore your whole wallet on any device.
- What it means
- Anyone who has those words can take everything in the wallet, so they are worth guarding like the coins themselves.
- What to watch
- Keep it offline on paper or metal, never type it into a website, and treat every request for it as a scam.
- How Compass-Alpha uses it
- The Wallets page only needs a public address; it never asks for a seed phrase.
Free guides and tools
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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.
Token approvals
An approval lets an app move a token from your wallet, up to an amount you allowed.