How to Check if a BSC Token Is a Honeypot
A BSC token is a honeypot when you can buy it but cannot sell it. To check, read the verified contract for sell restrictions, look for owner-controlled fees and blacklists, review who holds the supply and the liquidity, and confirm that other wallets have sold successfully. No single signal is proof, so combine several checks before deciding. What is a honeypot token on BNB Smart Chain? A honeypot is a token contract built so that buyers can enter but cannot exit. The chart may look healthy, because every trade is a buy, and new buyers see a price that only goes up. When someone tries to sell, the transaction fails, or it goes through with a hidden tax so high that almost nothing comes back. The people who control the contract can then remove the liquidity and leave holders with tokens that cannot be swapped. On BNB Smart Chain, honeypots are common because creating a BEP-20 token and pairing it with liquidity on a decentralized exchange is cheap and fast. Most of them follow a smal...