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Bitget Wallet Launches Contract Risk Detection Tool to Strengthen Security
Bitget Wallet, a leading Web3 non-custodial wallet, has introduced the token contract risk detection feature to strengthen transaction security across its platform. The feature enables users to screen for potential risks before engaging with tokens, reflecting Bitget Wallet’s continued commitment to user protection and transparency in decentralized finance.
The feature is now available for tokens on six major blockchains including Ethereum, Solana, BNB Chain, Base, Polygon, and Arbitrum. Accessible directly within the token candlestick chart interface, users can review essential contract data, including permission status, token distribution among top holders, and burn ratios. These indicators help identify potential vulnerabilities such as excessive centralization or active minting permissions, which may signal higher risk.
As onchain participation increases and interest in long-tail assets grows, users are navigating an increasingly fragmented and complex token landscape. Without reliable data, it becomes challenging to assess token credibility and contract behavior. According to the Onchain Report, 37% of users cite security risks as their top concern when using crypto for payments or transfers, highlighting the demand for accessible tools that address these challenges. The launch of Bitget Wallet’s detection tool aims to bridge this gap with greater clarity and control.
The new tool complements Bitget Wallet’s broader security framework, which includes MEV protection by default, onchain transaction simulation, and integrated threat detection. Together, these measures form a comprehensive protection system designed to minimize user exposure to malicious contracts and trading vulnerabilities.
“As DeFi adoption accelerates, providing users with accessible tools to evaluate risk is no longer optional — it’s essential,” said Alvin Kan, COO of Bitget Wallet. “This feature is part of our broader strategy to empower users with the information they need to navigate Web3 safely and confidently.”
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BCP Launches Criptococos, the First Crypto Banking Platform in Peru, Powered by BitGo
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Bakkt, Castle Island FalconX and Galaxy Select Fireblocks Trust Company for Institutional Crypto Custody
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Blockdaemon and Aave Labs Announce Strategic Partnership to Expand Institutional Access to DeFi
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EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’
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FreedomPay Drives Global Merchant Innovation
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