Safety and scamsBeginner
Sending on the wrong network
The same token can exist on several networks, and you pick one each time you send it.
- What it means
- If the receiving address or exchange does not support the network you used, the funds can be hard or impossible to recover.
- What to watch
- The deposit network the receiver lists, whether a memo or tag is required, and a small test amount before the full transfer.
- 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.