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Metamask Token Setting. Simple update; Enhanced Money Protection

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Metamask Token Setting. Simple update; Enhanced Money Protection

$20.1 Billion Dollars: Scammers crushed it in 2022. ????

Scammers are more aggressive & scoring bigger. Wallet phishing is now their preferred method of attack. Only prevention works.

Updating Metamask token settings is one part in your overall security plan. And it's your best place to start.

Your security plan must center on:

  • Eliminating and/or reducing vulnerabilities
  • Loss mitigation features
  • Increasing friction

This token setting I'm covering hits all 3.

Nobody but you should have unlimited access to your tokens. If you're hit, scammer's take is limited. Most importantly, raise the friction level. Make yourself a hard target.

https://preview.redd.it/8y3wphemsgfa1.png?1600&format=png&auto=webp&s=e8e5c5220d0ea62d62e0cc946d6eb22169631be8

METAMASK VERSION 10.24.1

First, let's verify your software version.

???? Open Metamask

???? Select SETTINGS (top-right colored button)

???? Select ABOUT

???? Identify version

https://preview.redd.it/cd4vi7gosgfa1.png?1483&format=png&auto=webp&s=2a52fdaaaf5db267680250739dbfa781244712fd

UPDATE TO CURRENT METAMASK

If you run an older version of Metamask, an update is required. Previous versions do not offer enhanced token settings.

If you're not sure how, it's simple (mobile MM auto updates).

From your browser:

???? Select EXTENSIONS (toolbar icon)

???? Select METAM@SK menu icon (triple dots/lines)

???? Select MANAGE EXTENSION

???? Select UPDATE button (top center)

????????.????????.???? appears beneath VERSION (middle-left) upon completion of update.

Now that you're up to date, we're going to make one update to your wallet settings.

IMPROVED TOKEN ALLOWANCE SETTING

Only you should have unlimited allowance to your tokens & NFTs.

???? Open Metamask

???? Select SETTINGS (top-right colored button)

???? Select EXPERIMENTAL

???? Select toggle button on IMPROVED TOKEN ALLOWANCE

Your new setting restores full token control back to you, and only you.

YOU'RE ALL SET!

https://preview.redd.it/e7as5awrsgfa1.png?1600&format=png&auto=webp&s=1b0f3c073a0b06cddc1579d551dd7f8d609c1ac6

SAMPLE TRANSACTION

https://preview.redd.it/yhlk8deqtgfa1.png?1037&format=png&auto=webp&s=391a1c045672aa25c736763d143aafaf1d18b92c

I have a sample video, but this sub won't allow it. Here's a pic of what to expect. You're back in control.

Moving forward, new contracts are confirmed with your custom spend cap. It doesn't impact transaction functionality. You decide how the limit.

Worst case scenario, you accidentally grant access to a scammer or your protocol is hacked -- either way, scammer can only take up to the limit you previously set & nothing more.

Hope this helps you stay safe. Best of luck to you!

submitted by /u/ajnsd619
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