To fully utilize your Magic Eden Wallet, it's crucial to ensure that the tokens you add are authentic and verified. This guide provides steps on how to find verified contract addresses for Ethereum-based tokens and token addresses for Solana-based coins.
Additionally, we'll explain how to add custom tokens to your Magic Eden Wallet and share some key tips to avoid scams.
When dealing with cryptocurrencies, using verified addresses for contract or token codes is critical to avoid scams, errors, or other issues. Here's why:
Security: Verified addresses reduce the risk of interacting with fraudulent or cloned contracts.
Compatibility: Using correct addresses ensures that your tokens work seamlessly with your wallet and other platforms.
Trust: Verified addresses signify transparency, as reputable projects often have their contracts verified by blockchain explorers.
To find verified contract addresses for Ethereum and other EVM-based tokens, follow these steps:
Use blockchain explorers
Visit Etherscan for Ethereum-based tokens. Look for tokens with a green checkmark in the contract tab, indicating verification.
If using other EVM-compatible blockchains like Polygon or Base, check their respective explorers. Verification on these explorers looks the same.
Check project resources:
Visit the project's official website or social media for contract addresses. Be sure to confirm these with blockchain explorers to ensure they are correct.
Use platforms like Uniswap or Sushiswap to double-check contract addresses, but always verify with other sources.
Solana tokens require a different approach. Here's how to find verified token addresses:
Use Solana blockchain explorers
Use Solscan or Solana Explorer to search for your token by name or symbol. Ensure that the token address matches the official project resources.
Look for signs of verification or reputable sources to confirm the authenticity of the token address. Solscan provides a reputation check, signified by a green checkmark next to the token name.
Official project sources
Check the project's website or social media channels. Reliable projects often list their token addresses and other information.
Double-check with Solana-based DeFi platforms like Raydium and Jupiter to ensure you're dealing with the correct address.
Once you have the verified contract or token address, you can add custom tokens to your Magic Eden Wallet. Here's an overview of the process.
Accessing your assets
Click the Profile icon in the Magic Eden Wallet and select 'Assets'.
Searching for the token
Use the search bar to find your token. If it's listed, enable it by clicking the circle next to the asset, turning it into a blue checkmark. If it's not found, continue to the next step.
Initiating custom token addition
Go to the 'Custom' tab at the top right and select 'Add Custom Token'. Enter the verified contract address or token address.
Finalizing token details
Fill in the necessary information for the token and click 'Continue'. To complete the process, click 'Add Token'.
Always ensure the authenticity of your custom token to avoid scams. Verify the contract or token address through multiple sources and be cautious of spoofed coins.
Finding and using verified contract and token addresses is essential for safe and secure transactions in your Magic Eden Wallet. If you have any questions or need additional assistance, reach out to our support team through the chat widget.
This content is for educational purposes only and should not be considered financial advice or an inducement to buy, sell, or trade cryptoassets. UK users should be aware of their local regulations and ensure compliance with UK Financial Promotions regulations.
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