VIDEO: How to Check If a Token Is a Honeypot Scam
Your quick reality check before that ‘next 100x gem’ drains your wallet.
There’s nothing more wrecking than working hard for your money only to lose it to one of those “too good to be true” schemes, those shady setups we popularly know as Ponzi schemes or crypto scams. And while scams come in all flavors, one of the most devastating and deceptive is the honeypot. A honeypot scam lures you in with the promise of high returns or flashy tokenomics. Everything looks legit on the surface; you can buy the token, see the price go up, and maybe even watch others shill it in Telegram groups.
But when you do some digging, you find out you can’t sell. These scams are engineered to trap your funds. You buy in, but when it’s time to take profits or cut your losses, the contract either blocks your transaction or drains ridiculous fees, leaving you stuck and frustrated. To prevent such mistakes like buying in to this scam That’s where HoneyPot.is comes in.
David Adubiina
What is HoneyPot.is?
HoneyPot.is is a free web tool built to help crypto users, especially retail traders, avoid honeypot traps. It does this by analyzing the token’s smart contract (be it ETH, BSC or BASE addresses) and checking whether there are any sell restrictions, abnormal tax fees, or sneaky conditions coded in that could prevent you from exiting the trade. It’s like having a digital watchdog sniff out malicious contracts before you even touch the “Buy” button.
How to Use HoneyPot.is to Check a Token
Step 1. Go to honeypot.is
Once you're on the site, select the chain you want to check your token on, whether it's BSC, ETH, or BASE. Here we will be selecting ETH to check the token address
Step 2. Copy the token address you’re suspicious of and paste it into the search bar.
On the HoneyPot homepage, you’ll see a search bar front and center. Paste the contract address in there and hit Search.
Step 3. Analyze the Results
The tool will run a test transaction to simulate a buy and sell. If the contract allows buying but blocks or heavily taxes selling, HoneyPot.is will flag it. You’ll see outputs like:
- Sell possible or sell not possible
- High tax detected
- Contract is a honeypot
If it’s flagged as a honeypot or has super high taxes (like 50% above), that’s your cue to walk away. No matter how hyped the token is, if you can’t sell, it’s a trap.
Video Script & Editing: Kelechi Edeh / Techloy.com | Content Research: David Adubiina / Techloy.com
Conclusion
Before you get caught up in the hype and throw your money into some new token everyone’s raving about, pause for a second. I know that FOMO feeling—it’s real.
But trust me, a quick check on HoneyPot.is could save you from getting burned. It takes like 30 seconds, and it might just be the difference between making a smart move or watching your money vanish. Scams are getting smarter. You’ve got to be smarter too.
David Adubiina
