Bitget Wallet Unveils New Contract Risk Detection Tool for Users

Bitget Wallet has rolled out a powerful new security feature designed to help users identify and assess token-related risks before committing to a trade — a move that signals the platform’s growing focus on making DeFi more secure and transparent for everyday users.

The new contract risk detection tool is now integrated directly into Bitget Wallet’s candlestick chart interface, making it easily accessible to users without requiring third-party plug-ins or external research. It currently supports tokens across six major blockchains: Ethereum, Solana, BNB Chain, Base, Polygon, and Arbitrum — a lineup that covers much of the activity in today’s decentralized finance landscape.

At its core, the tool scans token smart contracts and delivers real-time insights into their permission structures, holder distribution, minting capabilities, and burn ratios — all crucial factors when evaluating whether a token is trustworthy or potentially vulnerable to manipulation.

For example, if a token contract still allows for unrestricted minting or the owner can arbitrarily pause trading, that could expose users to classic rug-pull scenarios. Similarly, a highly centralized distribution — where a handful of wallets control the majority of the supply — could lead to sudden, large-volume dumps that destabilize price and hurt retail participants. By surfacing these red flags up front, Bitget Wallet gives users a clearer picture of what they’re getting into.

The system also tracks metrics like burn activity, offering clues about a project’s long-term tokenomics. A high burn rate could indicate deflationary mechanics and strong community engagement, while low or absent burns might suggest stagnation or a lack of transparency from developers.

Alvin Kan, Bitget Wallet’s Chief Operating Officer, emphasized the growing importance of user education and tooling in the rapidly evolving DeFi space. “With the speed at which Web3 is expanding, risk analysis tools like this one aren’t just nice-to-have — they’re essential,” said Kan. “Our goal is to equip users with the data they need to trade safely and confidently.”

Bitget Wallet has already made security a central pillar of its product roadmap. The platform previously launched an MEV protection upgrade embedded directly into its Swap feature — a defense mechanism against front-running and sandwich attacks commonly used by MEV bots. Combined with this new contract scanner, Bitget Wallet is positioning itself as a DeFi wallet that not only supports cross-chain swaps and portfolio tracking but also actively safeguards its users in the often-volatile world of decentralized finance.

The timing of the launch also taps into a broader market demand. According to The Onchain Report, 37% of users cite security as their top concern when transacting with crypto. As smart contract exploits and token scams continue to plague DeFi, Bitget Wallet’s proactive approach to risk management may prove to be a key differentiator in an increasingly crowded wallet ecosystem.