Ethereum Token Security Checker

A honeypot token on Ethereum is a smart contract that contains malicious code preventing users from selling their tokens. These contracts often appear legitimate but include hidden mechanisms that trap investor funds. Common methods include manipulating trading functions, implementing excessive sell taxes, or using complex authorization schemes.

To verify a token on Ethereum, first check if the contract is verified on https://etherscan.io. Look for the contract's source code, review trading functions, and analyze permission systems. Use our honeypot checker tool to automatically scan for common vulnerabilities and trading restrictions. Always verify the token's liquidity and trading history before investing.

Ethereum has specific security considerations: higher gas fees can make testing small trades expensive, and complex smart contracts might hide malicious code in proxy implementations. Always check contract verification status and use trusted DEXs for trading.

To check liquidity on Ethereum: 1) Use block explorers to view the token's total liquidity and distribution, 2) Check if liquidity is locked and for how long, 3) Analyze the trading pair's depth and volume on major DEXs, 4) Verify if the owner can remove liquidity without notice. Low liquidity or unlocked liquidity pools are major red flags.

Safe trading on Ethereum involves: 1) Using our honeypot checker before any trade, 2) Starting with small test transactions, 3) Setting appropriate slippage based on the token's tax structure, 4) Using trusted DEXs and avoiding suspicious links, 5) Checking contract verification and ownership status, and 6) Being cautious of tokens with unusually high APY promises or aggressive marketing.