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Overview

Security is paramount when using DeFi platforms. This guide covers essential security practices to protect your wallet and funds when using ChameleonSwap.
Never share your seed phrase or private keys with anyone. ChameleonSwap staff will never ask for this information. Anyone requesting it is a scammer.

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Wallet Security

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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

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Using Official Channels Only

Always use the official ChameleonSwap website: https://chameleonswap.xyz/
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)
Common phishing tactics:
  • Fake websites with similar URLs (e.g., chameleonswap.com instead of .xyz)
  • Social media links to fake sites
  • Email links claiming to be from ChameleonSwap
  • Direct messages with referral links to fake sites

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Hardware Wallets

For significant amounts, consider using 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
  • Private keys never leave the device
  • Protection against malware and viruses
  • Physical confirmation required for transactions
  • Works with most Web3 wallets
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

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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.

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Transaction Security

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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.

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Setting Appropriate Slippage

Slippage protects you from unfavorable price movements:
Slippage is the maximum price difference you’ll accept during a swap. It protects against price changes while your transaction is pending.
Very high slippage (>5%) may expose you to:
  • Front-running attacks
  • Unfavorable price execution
  • MEV (Maximal Extractable Value) exploitation
Always use the minimum slippage that prevents transaction failures.

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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.

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Phishing Protection

ChameleonSwap will NEVER:
  • Ask for your seed phrase or private keys
  • Request you to “verify” your wallet
  • Send you direct messages on social media
  • Ask you to send tokens to “unlock” your account
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
What to do if you suspect phishing:
  1. Stop immediately - Don’t click any links
  2. Verify the source - Check official channels
  3. Report it - Alert the community
  4. Never share information - No legitimate service needs your seed phrase

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Best Practices

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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.).

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Safe Browsing

  • 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
  • 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

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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.

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Protecting Against Scams

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Common Scam Types

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
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
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
What it is: Manipulation to get you to reveal information or send fundsHow to protect:
  • Be cautious of urgent requests
  • Verify identities independently
  • Don’t trust based on profile pictures alone
  • Take time to think before acting

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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
Be extremely cautious of:
  • Direct messages on social media
  • Unsolicited emails
  • Telegram groups claiming to be official
  • Discord servers not linked from official sources

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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.

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Additional Security Tips

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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.

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For Advanced Users

Consider multi-sig wallets for large amounts or shared accounts. Requires multiple approvals for transactions.
For long-term holdings, consider cold storage (completely offline wallets) for maximum security.
Set up alerts for large transactions. Monitor your wallet activity regularly.
Before interacting with new contracts, check if they’ve been audited by reputable firms.

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Security Checklist

Use this checklist to ensure your security:

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What to Do If Compromised

If you suspect your wallet has been compromised:
Act immediately - every second counts!
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.

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.

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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.
Key principles:
  • 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
Stay safe and trade responsibly! 🛡️