Verified, Unverified, and Suspicious Tokens

Introduction

Given the diversity of the Solana network and the broader cryptocurrency industry, it is crucial for users to comprehend the risks linked to tokens that share similar symbols or have questionable origins.

TabTrader ensures your security by automating the verification process for most tokens and offering visual marks to enhance your awareness of potential risks.

The validation process is powered by Jupiter Token List.
Tokens included in the Jupiter Token List have undergone detailed verification, providing the security and trustworthiness of the validation process.

Verification Statuses

Once in the TabTrader Wallet, you may encounter the following statuses attributed to some tokens:

Verified Tokens

These tokens don't have special marks in the wallet. Such tokens are trusted by the crypto community and stand out on the network as legit.

Unverified Tokens

A yellow mark (triangle) is displayed next to the token in your balance.

While not necessarily harmful, unverified tokens might carry risks. It is advised to stay cautious and thoroughly research before engaging in transactions with these tokens.

Suspicious Tokens

If you see a red marking (exclamation mark) next to your token, you should be extra cautious.

Verify the address of the token and all the associated data of its origin. These tokens share the same symbol with already existing tokens but haven't undergone thorough verification on reliable platforms.

How to Verify Tokens

To verify a token with the same symbol, make sure you check its official token address on the Solana blockchain. Cross-check this address on the token project's official website or a reputable blockchain explorer to confirm its legitimacy.

Long-press on the token. The context menu is open. 

Tap on the Information button. The basic information about the token will be displayed.

Tap on the token ID.

Review the details associated with the address, such as the token's name, symbol, and owner program information.

Make sure the information matches the official details provided by the token project on their website.

Conclusion

Following the instructions outlined in this article and understanding the verification statuses in TabTrader Wallet will help maintain security and facilitate making well-informed decisions.