How to Check If a Contract Is Safe Using BscScan

✅ 1. Search for the Contract on BscScan

• Go to https://bscscan.com

• Paste the contract address into the search bar and press enter.

✅ 2. Verify Contract Source Code

Check if the contract has verified source code.

• On the contract page, look for “Contract Source Code Verified“

• Verified contracts allow you to read the source code and audit it.

• If the contract is not verified, it’s a red flag — you can’t see what it’s doing.

✅ 3. Review the Contract Code (if verified)

Look at the source code for:

• Mint functions — Can the owner mint unlimited tokens?

• Blacklist functions — Can they block users from transferring tokens?

• Fee mechanisms — Are the fees reasonable or changeable?

• Ownership control — Can the owner renounce or transfer ownership?

• “Honeypot” behavior — Can users buy but not sell?

✅ 4. Check Contract Creator and Transactions

On the BscScan contract page:

• Click on “Contract Creator” to see the wallet that deployed the contract.

• View its transaction history to see if:

  • The contract was created recently.

  • The creator is tied to other known scam tokens.

  • Large quantities of tokens are going to a few wallets (risk of rug pull).

✅ 5. Look for Audit Reports

If the contract has been audited, a badge may be shown or linked.

✅ 6. Check Token Holders

Click on “Holders” under the token’s profile to see:

• If a few wallets hold a large % of the supply — this can signal rug pull risk.

• If liquidity is held in a burn address or locked.

✅ 7. Read the Comments and Community Reports

Scroll down to the “Comments” section on BscScan. Sometimes users will warn others of suspicious behavior.
Also:

• Search the token name on Twitter, Reddit, or Telegram for red flags.

✅ 8. Check Contract Interaction Activity

Go to the “Contract” tab → then “Read Contract” and “Write Contract”.

• Under Read Contract, check token details.

• Under Write Contract, see if it requires Connect to Web3 — which you should never do unless you 100% trust it.

✅ Bonus: Use Third-Party Scanners

You can also use tools like:

• DeFiSafety

• RugDoc

• GoPlus Security