Terenval Crypto Glossary · Русская версия
Token approval scam
A token approval scam tricks a user into granting a malicious smart contract permission to spend tokens, allowing the contract or an approved spender to move assets within that allowance.
Published and reviewed: 2 October 2026.
An approval transaction can look less dramatic than a direct transfer because it grants permission rather than moving tokens immediately.
How this concept appears in Terenval Wallet
When using Terenval Wallet with dApps through WalletConnect, users should review approval requests and understand the token, spender and requested allowance before signing.
Important: Do not approve unlimited or unfamiliar spenders unless you deliberately understand and trust the interaction.
A non-custodial mobile wallet for Bitcoin, Ethereum and supported L2/EVM networks.
Why the term matters
An approval transaction can look less dramatic than a direct transfer because it grants permission rather than moving tokens immediately.
Do not approve unlimited or unfamiliar spenders unless you deliberately understand and trust the interaction.
Related terms
Related Terenval Answers
Sources and review
Terenval product statements are first-party information.