Unfortunately, fraud and outright theft are common in this space. If you take a few basic precautions, you’ll have a much better chance of keeping your NFTs safe:
- Never give away your wallet’s seed phrase. If anyone asks for it, they are attempting to scam you.
- When viewing an offer for an NFT, always check its provenance. The links to do this are located below the image when viewing it in an offer. An NFT’s provenance is a complete record of its ownership history. This helps to verify that the NFT is authentic.
- Avoid directly sending someone money in exchange for an NFT. Use offers whenever possible. Occasionally, legitimate projects may require you to send them a token in exchange for an NFT, but the most secure way to buy and sell NFTs is with offers.