Security Best Practices

Security is a paramount concern in the DeFi space. At Butter Swap, we prioritize the safety of our users and their assets. This guide outlines best practices for maintaining security while using Butter Swap. Adhering to these guidelines will help protect you against common threats and ensure a secure trading experience.

Secure Your Wallet

Choosing a Wallet

• Opt for wallets with a strong track record for security.

• Hardware wallets (like Ledger or Trezor) are recommended for storing large amounts of assets.

Wallet Security

• Keep your private keys and seed phrases confidential and offline.

• Never share your private keys or seed phrase with anyone.

• Regularly back up your wallet.

Safe Transactions

Double-Check Addresses

• Always double-check token addresses before trading or adding liquidity.

• Be wary of phishing websites that mimic Butter Swap. Always ensure you are on the correct website.

Approving Tokens

• Be cautious when approving token spending on smart contracts.

• Regularly review and revoke unnecessary token approvals using tools like Etherscan or Revoke.cash.

Stay Informed

Software Updates

• Keep your wallet software and any related applications up-to-date.

• Update your browser and antivirus software regularly.

Phishing Scams

• Be aware of phishing attempts via emails, social media, and messaging platforms.

• Verify all information through official Butter Swap channels.

Smart Contract Interactions

Audited Contracts

• Interact only with audited Butter Swap smart contracts.

• Verify contract addresses through official Butter Swap documentation.

Limit Allowances

• When interacting with new contracts, limit your token allowances. Only approve what you intend to trade.

Secure Connectivity

Use Secure Networks

• Avoid using public Wi-Fi for transactions. Use a secure, private connection.

• Consider using a VPN for an additional layer of security.

Browser Security

• Use trusted browsers with security features.

• Consider dedicated browser profiles or extensions for DeFi activities.

Regular Check-Ups

Monitor Your Activity

• Regularly check your transaction history and balances.

• Use block explorers like Etherscan to monitor your wallet's activity.

Stay Alert

• Subscribe to Butter Swap updates for any security advisories.

• Stay engaged with the Butter Swap community for tips and alerts.