MetaMask und andere Apps, die Smart Contracts beantragen, sind auf

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If contract data (or blind signing) is not enabled in the Ethereum app settings, you can only sign Tx that move ETH coins.

If you enable it, you will be able to interact with tokens (i.e. contracts), but you will have to trust that the contracts are not malicious, so yes, there is always some security risk in interacting with tokens, since you most likely did not personally audit the contracts you are interacting with.

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