How to check/cancel Approval in [Approve] ？

Approve means authorization. It allows users who hold tokens to authorize a certain amount to a specified account by calling the Approve method, giving the account the right to freely spend the Token within the quota. If approved to malicious accounts or contract address, then approved assets will be extremely risky.
At the beginning of this tutorial, please click the below link to know more about Approve.
​About Approve​
Firstly, choose the Wallet Network in the [Assets], and enter in the search bar in the [Discover] to enter the page of [Approve]. Take ETH wallet as an example here and click [Connect wallet].
 
You can check your approval information in the interface which is contained
The tokens you have approved.
Approved address: The contract address you have approved.
 Amount: The amount you had approved to the third-party to control. “0” means you approve zero amount to it, “Infinite” means you had approved a third party to control all balances of the token.
“High risk” tag: The risk warning here does not mean absolute danger. Please double check whether the approval is credible. The approval without risk warning does not mean absolute safety.
You can check the time when you performed the approval operation. Click the image to the right of the date, you can view the history of this approval.
If your wallet didn’t perform any approval operation, it will show you [No result].
After you confirm that the third-party contract address you approved is risky, click [Revoke], click [Confirm payment], and pay the miner fee required to cancel the approval.
Attention: The transfer permission requested by Approve is only used for the user to cancel the approval operation, and will not apply for any approved amount of the Token.
After you finished the cancel operation, please reload the page and confirm whether the approval has been canceled.

How to Identify the Authenticity of TokenPocket’s Website and APP?

About Approve

Last modified 1mo ago

Copy link