How to Setup Bitpie Wallet for Safe Crowdfunding Project Participation Step by Step
As a crypto asset operation senior consultant with 7 years of experience, I get frequent inquiries from users about properly using Bitpie wallet to engage in blockchain-based crowdfunding projects. Today I will walk you through the whole applicable, compliant workflow to avoid unnecessary asset risks in your operations, especially for new users who have scarce experience in non-custodial wallets.
First, you need to download the official verified Bitpie wallet app from the Bitpie official site,and complete the local wallet creation with 1 verification phrase for asset uniqueness. Write down the 12 mnemonics strictly on an offline paper instead of storing it on any cloud or screenshot albumsHow to Setup Bitpie Wallet for Safe Crowdfunding Project Participation Step by Step, this can effectively prevent your mnemonic information from being leaked byTrojan software or phishing attacks. After setting a 6-digit transaction PIN that only you know, back up the keystore file to an encrypted offline USB flash drive for double security backup.
Before you select any crowdfunding project, take time to audit the public project whitepaper to confirm it has obtained the necessary financial operation compliance qualifications. Open the "DApp Browser" module inside Bitpie to search the contract address released on the project's official authenticated Telegram channel, and do not click any the third-party group share redirected domain links. Check the interaction permissions before each initiation of authorization, and never grant excessive infinite approval authorization permissions on any crowdfunding contract for all your crypto assets stored in this wallet.
When the crowdfunding fundraising round officially starts, select the corresponding crypto asset on Bitpie's built-in blockchain network,confirm the real-time gas fee level for the current networkHow to Use Bitpie Wallet for Crowdfunding Projects, and do not modify the preset priority cost sharply which may lead to a confirmed and successful overtime transaction caused the amount that originally reserved cannot participate timely in the limited supply projects. Completed operation records with cryptographic transaction hash will be recorded synchronously in the transaction history section within Bitpie for you to check any time for confirmation and archive.
Remember to perform full validity test operation with small amounts of test tokens before you throw-in large amount funds to get familiar with the interaction flow,any risky prompts from Bitpie's risk alert system should never be ignored carelessly, do you have any ever encountered strange authorization problems when operating Bitpie wallet in crowdfunding participation? Feel free to drop your experiences and ideas in comment section to discuss that all together.
