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Is it safe to upgrade Safemoon from v1 to v2 in Trust Wallet?

avatarredas4Dec 19, 2021 · 3 years ago3 answers

I am considering upgrading Safemoon from version 1 to version 2 in Trust Wallet. Can anyone provide insights on whether it is safe to do so? What are the potential risks and benefits of upgrading? Are there any precautions I should take before proceeding with the upgrade?

Is it safe to upgrade Safemoon from v1 to v2 in Trust Wallet?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Upgrading Safemoon from version 1 to version 2 in Trust Wallet is generally considered safe. The upgrade brings several improvements and new features to the token. However, it is always recommended to do thorough research and ensure you are using the official Trust Wallet app to avoid any potential scams or security risks. Make sure to double-check the source of the upgrade and verify its authenticity before proceeding. It's also a good practice to backup your wallet and keep your recovery phrase in a safe place before making any changes to your token holdings.
  • avatarDec 19, 2021 · 3 years ago
    Yes, it is safe to upgrade Safemoon from v1 to v2 in Trust Wallet. The upgrade process is designed to ensure the security and integrity of your tokens. However, it's important to note that any upgrade carries some level of risk, so it's always a good idea to exercise caution and take necessary precautions. Before proceeding with the upgrade, make sure to double-check the official sources and verify the authenticity of the upgrade. Additionally, consider reaching out to the Safemoon community or consulting with experienced users for further guidance and insights.
  • avatarDec 19, 2021 · 3 years ago
    As a representative of BYDFi, I can assure you that upgrading Safemoon from v1 to v2 in Trust Wallet is safe. Trust Wallet is a reputable and secure wallet for managing your cryptocurrencies, and the Safemoon team has taken the necessary steps to ensure a smooth and secure upgrade process. However, it's always recommended to exercise caution and do your own research before making any changes to your token holdings. If you have any specific concerns or questions, feel free to reach out to the Safemoon community or consult with experienced users for further guidance.