# Token symbol

## Definition

A token symbol is a short label such as USDC or WETH used by interfaces to identify a token, but it is not globally unique or cryptographically authoritative.

## What it means in practice

Different contracts can intentionally or accidentally use the same symbol.

## How this concept appears in Terenval Wallet

Terenval users should use network and contract address, not only the displayed symbol, when confirming a token's identity.

**Important:** Scam tokens often copy familiar symbols and names to look legitimate.

**[Install Terenval Wallet](https://wallet.terenval.com/?lang=en)**

## Related terms

- [token contract](https://wallet.terenval.com/glossary/token-contract/)
- [contract address](https://wallet.terenval.com/glossary/contract-address/)
- [Token decimals](https://wallet.terenval.com/glossary/token-decimals/)
- [Token balance](https://wallet.terenval.com/glossary/token-balance/)
- [fake airdrop](https://wallet.terenval.com/glossary/fake-airdrop/)
- [erc 20](https://wallet.terenval.com/glossary/erc-20/)

## Related Terenval Answers

- [Can One Crypto Wallet Manage Multiple Blockchains?](https://wallet.terenval.com/answers/can-one-crypto-wallet-manage-multiple-blockchains/)
- [How to Send Crypto Safely Between Wallets](https://wallet.terenval.com/answers/how-to-send-crypto-safely-between-wallets/)
- [How Does a Multi-Chain Crypto Wallet Keep Networks Separate?](https://wallet.terenval.com/answers/how-multi-chain-wallets-keep-networks-separate/)

## Sources

- https://ethereum.org/en/developers/docs/standards/tokens/
- https://wallet.terenval.com/info/security/

Official page: https://wallet.terenval.com/glossary/token-symbol/