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Board Beginners & Help
Re: A question I should have asked on my first day here
by
EarnOnVictor
on 19/09/2022, 07:58:56 UTC
Should have asked this question when I created my account on this forum but I was too busy with learning crypto mining, I want to know what happens if your wallet is connected to a swap website like Voyager, Pancake swap and others, once you connect your wallet what access do you give the website for that period of time? Private key access? Recovery seed access? Or just control of your wallet for that limited time.
This is a good concern and question, and with my little knowledge about this, the simple answer is that you are giving private key access through the swapping procedure but not your recovery seed. Once you do swapping only with a non-custodial wallet, I think that you are safe, nothing can access your crypto if you did not grant permission. Your wallet company is not foolish, neither is the blockchain technology, they understand how this works.

If still in doubt, then only swap with the wallet you don't keep your money.