Overview
Security is paramount when using DeFi platforms. This guide covers essential security practices to protect your wallet and funds when using ChameleonSwap.Wallet Security
Protecting Your Seed Phrase
Your seed phrase (recovery phrase) is the master key to your wallet. Treat it with extreme care:✅ DO
- Store it offline (written on paper)
- Keep it in a secure, private location
- Use a hardware wallet for large amounts
- Memorize it if possible (advanced users)
❌ DON'T
- Never share it with anyone
- Don’t store it digitally (screenshots, cloud, email)
- Don’t enter it on any website
- Don’t send it via messaging apps
Using Official Channels Only
How to verify you’re on the official site:- Check the URL carefully - look for typos or misspellings
- Bookmark the official site after first visit
- Never click links from unknown sources
- Verify the site uses HTTPS (secure connection)
- Fake websites with similar URLs (e.g.,
chameleonswap.cominstead of.xyz) - Social media links to fake sites
- Email links claiming to be from ChameleonSwap
- Direct messages with referral links to fake sites
Hardware Wallets
For significant amounts, consider using a hardware wallet:What is a Hardware Wallet?
What is a Hardware Wallet?
A hardware wallet is a physical device that stores your private keys offline. It provides an extra layer of security by keeping your keys away from internet-connected devices.Popular options include:
- Ledger
- Trezor
- KeepKey
Benefits
Benefits
- Private keys never leave the device
- Protection against malware and viruses
- Physical confirmation required for transactions
- Works with most Web3 wallets
When to Use
When to Use
Consider a hardware wallet if you:
- Hold significant amounts of crypto
- Make large transactions regularly
- Want maximum security
- Are new to crypto and want extra protection
Verifying Contract Addresses
Before interacting with any smart contract:1
Check the Address
Verify the contract address matches the official one. Scammers may create fake contracts with similar addresses.
2
Use Official Sources
Only trust contract addresses from:
- Official ChameleonSwap documentation
- Verified social media accounts
- Official website
3
Double-Check
Compare addresses character by character. One wrong character means a different contract entirely.
Transaction Security
Reviewing Transaction Details
Always review before confirming:Token Addresses
Verify the token addresses match what you expect. Fake tokens may have similar names.
Amounts
Check both “From” and “To” amounts are correct before confirming.
Gas Fees
Review estimated gas fees. Unusually high fees may indicate a problem.
Recipient
Ensure the recipient address is correct, especially for transfers.
Setting Appropriate Slippage
Slippage protects you from unfavorable price movements:What is Slippage?
What is Slippage?
Slippage is the maximum price difference you’ll accept during a swap. It protects against price changes while your transaction is pending.
Recommended Settings
Recommended Settings
- Stable pairs (USDC/USDT): 0.1-0.5%
- Normal pairs: 0.5-1.0%
- Volatile pairs: 1.0-3.0%
- Never exceed 5% unless absolutely necessary
Risks of High Slippage
Risks of High Slippage
Very high slippage (>5%) may expose you to:
- Front-running attacks
- Unfavorable price execution
- MEV (Maximal Extractable Value) exploitation
Verifying Token Addresses
Before swapping, verify token addresses:1
Check Token Symbol
Ensure the token symbol matches what you expect (e.g., HYPE, USDC, USDT).
2
Verify on Explorer
Check the token on the block explorer to confirm it’s legitimate:
- Correct token name
- Expected total supply
- Verified contract
3
Compare Addresses
If swapping a known token, compare the address with official sources.
Phishing Protection
How to spot phishing:- Urgent or threatening language
- Requests for personal information
- Links to suspicious websites
- Promises of free tokens or airdrops
- Requests to “verify” or “update” your wallet
- Stop immediately - Don’t click any links
- Verify the source - Check official channels
- Report it - Alert the community
- Never share information - No legitimate service needs your seed phrase
Best Practices
Wallet Management
Regular Updates
Keep your wallet software updated to the latest version. Updates often include security patches.
Strong Passwords
Use strong, unique passwords for wallet-related accounts. Consider a password manager.
2FA When Available
Enable two-factor authentication (2FA) on all accounts that support it, especially exchanges.
Separate Wallets
Consider using separate wallets for different purposes (trading, savings, etc.).
Safe Browsing
Browser Security
Browser Security
- Use a reputable browser (Chrome, Firefox, Brave)
- Keep your browser updated
- Use browser extensions carefully
- Clear cache and cookies regularly
- Consider using a dedicated browser for crypto activities
Network Security
Network Security
- Avoid public Wi-Fi for crypto transactions
- Use a VPN if on public networks
- Ensure your home network is secure
- Be cautious on shared computers
Suspicious Links
Suspicious Links
- Never click links from unknown sources
- Hover over links to see the actual URL
- Type URLs manually when possible
- Use bookmarks for frequently visited sites
Transaction Habits
Safe transaction practices:1
Start Small
When trying new tokens or features, start with small amounts to test.
2
Double-Check Everything
Review all transaction details carefully before confirming. Take your time.
3
Use Test Transactions
For large amounts, consider a small test transaction first to verify everything works.
4
Monitor Your Wallet
Regularly check your wallet balance and transaction history for any unauthorized activity.
Protecting Against Scams
Common Scam Types
Phishing Websites
Phishing Websites
What it is: Fake websites that look like ChameleonSwapHow to protect:
- Always verify the URL is https://chameleonswap.xyz/
- Bookmark the official site
- Never click links from emails or messages
- Check for HTTPS and security certificates
Fake Support
Fake Support
What it is: Scammers pretending to be ChameleonSwap supportHow to protect:
- Real support never asks for seed phrases
- Verify support through official channels only
- Be suspicious of unsolicited help
- Never share private keys or seed phrases
Fake Airdrops
Fake Airdrops
What it is: Promises of free tokens requiring you to connect your walletHow to protect:
- Be skeptical of “free” offers
- Never connect your wallet to unknown sites
- Verify airdrops through official channels
- If it sounds too good to be true, it probably is
Social Engineering
Social Engineering
Official Communication Channels
Only trust information from:- Official Website: https://chameleonswap.xyz/
- Official Documentation: This documentation site
- Verified Social Media: Check for verified badges
- Official Support: Through the official website only
Reporting Security Issues
If you encounter a security issue:1
Stop Using the Platform
Immediately stop using ChameleonSwap if you suspect a security issue.
2
Disconnect Your Wallet
Disconnect your wallet from the site to prevent further access.
3
Check Your Transactions
Review your transaction history for any unauthorized activity.
4
Report the Issue
Report security issues through official channels only. Never share your seed phrase, even with “support.”
5
Consider Moving Funds
If you suspect your wallet is compromised, consider moving funds to a new wallet.
Additional Security Tips
For Beginners
Start Small
Begin with small amounts while learning. Gain experience before handling larger sums.
Learn First
Understand how DeFi works before investing significant amounts. Education is your best defense.
Use Testnets
Practice on testnets when available. Learn without risking real funds.
Ask Questions
Don’t hesitate to ask questions in official communities. Better safe than sorry.
For Advanced Users
Multi-Signature Wallets
Multi-Signature Wallets
Consider multi-sig wallets for large amounts or shared accounts. Requires multiple approvals for transactions.
Cold Storage
Cold Storage
For long-term holdings, consider cold storage (completely offline wallets) for maximum security.
Transaction Monitoring
Transaction Monitoring
Set up alerts for large transactions. Monitor your wallet activity regularly.
Smart Contract Audits
Smart Contract Audits
Before interacting with new contracts, check if they’ve been audited by reputable firms.
Security Checklist
Use this checklist to ensure your security:What to Do If Compromised
If you suspect your wallet has been compromised:1
Move Funds Immediately
If possible, immediately move your funds to a new, secure wallet. Speed is critical.
2
Disconnect Everything
Disconnect your wallet from all dApps and websites immediately.
3
Create New Wallet
Create a completely new wallet with a new seed phrase. Never reuse compromised credentials.
4
Review All Activity
Check all transaction history to understand what happened and what was accessed.
5
Report the Incident
Report the security incident through official channels. Help protect others.
6
Learn from It
Understand how the compromise happened to prevent it in the future.
Related Resources
Get Started
Learn how to safely connect your wallet and start using ChameleonSwap.
Using the App
Detailed guide on using ChameleonSwap features safely.
FAQ
Find answers to common questions, including security-related topics.
Remember
Your security is your responsibility. While ChameleonSwap implements security best practices, you must also take steps to protect yourself. When in doubt, err on the side of caution.
- Never share your seed phrase or private keys
- Always verify you’re on the official site
- Review all transactions carefully
- Start small and learn as you go
- When something seems suspicious, it probably is