What safety measures should be taken while trading NFT on Discord?

When trading NFTs on Discord, it is essential to take certain safety measures to protect yourself and your assets. Firstly, it is crucial to only trade with trusted sellers who have a good reputation in the NFT community. Research their background, feedback, and previous transactions before engaging in any trade. Additionally, always verify the authenticity of the NFT by conducting thorough due diligence. Authenticate the artwork or collectible through reliable sources or utilize blockchain explorers to ensure its originality. Furthermore, consider using an escrow service or a trusted middleman to facilitate the transaction, as it adds an extra layer of security. Be cautious of phishing attempts and never provide personal or sensitive information in Discord chats. Lastly, thoroughly review and understand the terms and conditions of any trade to avoid any potential scams or fraudulent activities.

This mind map was published on 6 August 2023 and has been viewed 57 times.