Using FOMOSCAN
Is FOMOSCAN safe to use?
Trades from the terminal are signed in your browser by a wallet you control, so FOMOSCAN never holds your private key and cannot move funds on its own. That covers custody. It does not cover market risk, and it does not make the tokens in the feed safe: copy trading is speculation in highly volatile assets and you can lose everything you deposit.
Custody
Your Main Wallet's key material stays under your control and signs in the browser. Buys and sells you initiate are transactions your wallet authorises, one at a time. There is no flow in which the terminal moves your balance without a signature from you.
What that does not protect you from
- The tokens. Self-custody has no opinion about whether a memecoin goes to zero, and most do.
- Your own configuration. An automated bot executes a bad size or a missing stop loss perfectly.
- Upstream outages. Feeds, routers and RPC providers fail, and a copy that does not fire is a real outcome.
- Anything you sign elsewhere. A malicious transaction approved in another app drains the same wallet.
Sensible hygiene
- Use a wallet funded only with what you are trading. Not your long-term holdings.
- Check the domain before signing anything. Bookmark it rather than following links.
- Keep a fixed per-trade size, so a mistake is bounded by design rather than by attention.
- Assume every position can go to zero and size so that outcome is survivable.
Last reviewed