Bitget Wallet, a leading Web3 non-custodial wallet, has introduced an upgraded authorization detection feature aimed at increasing user control over digital assets while improving security. The latest update allows users to review past DApp and token approvals, assess potential risks, and revoke unsafe permissions with minimal effort.
With security concerns rising within the crypto industry, Bitget Wallet has reinforced its commitment to providing a transparent and secure Web3 experience. Many users inadvertently grant excessive permissions, allowing DApps indefinite access to their assets, which increases vulnerability. The enhanced tool categorizes authorizations into Low, Medium, and High risk levels, identifying common high-risk approvals such as unlimited token transfers, staking or withdrawal permissions, contract upgrade backdoors, and NFT transfer rights. By updating to version V8.29, users can access the “Approval Detection” feature directly from the wallet’s homepage, enabling them to scan and revoke unnecessary or high-risk authorizations to reduce exposure to unauthorized asset movement.
Strengthening Self-Custody and Security Infrastructure
As a non-custodial wallet, Bitget Wallet ensures that users retain full control over their private keys, eliminating counterparty risks commonly associated with centralized platforms. To bolster security, the platform employs Multi-Party Computation (MPC) technology, which distributes private key shares across multiple entities, mitigating the risk of a single point of failure. Additionally, the integration of the Double Encryption Storage Mechanism (DESM) provides an added layer of protection for private keys.
To further safeguard transactions, Bitget Wallet incorporates the GetShield security engine, which continuously monitors DApps, smart contracts, and websites. This system proactively detects phishing attempts, malicious addresses, and fraudulent contracts before users engage with them, enhancing overall security.
Collaborations and Financial Protection Measures
Bitget Wallet collaborates with prominent security firms such as CertiK, SlowMist, and GoPlus Security to ensure comprehensive code audits, real-time risk monitoring, and proactive threat detection. Beyond technological enhancements, the platform offers financial security through its Protection Fund, which was initially valued at $300 million and has since grown to $625 million, backed by 6,500 BTC in on-chain reserves. This fund serves as a financial safety net for users in the event of platform-related security breaches.
By integrating advanced security technologies, proactive risk management solutions, and a transparent protection fund, Bitget Wallet continues to set a high standard for a secure Web3 experience. Its commitment to self-custody, asset protection, and user empowerment positions it as a leader in the evolving blockchain security landscape.
