Bitcoin Forum

Hey guys! :)

Can someone help plz.

I invested in one of the pre ico coin sales. I went to the website of this ICO, registered, and sent ethereum from my exodus wallet to this websites eth address. In couple minutes my account showed the tokens instead of the sent ethereum. It converted automatically.

Now I am trying to transfer my tokens/coins from the original website to myetherwallet. But I am genuinely confused.

How does Ethereum wallet work? I tried googling it but still cant figure it out. Does MEW support most tokens and gives me an opportunity to add new ones?
How is myetherwallet different from electrum, exodus besides the fact that it is online.

I added custom coin (bought at the presale ICO) and now myetherwallet says it is loading. I didn't even register for myetherwallet just did private keys from exodus.

Someone maybe can shine the light on this in simple language. Would be in debt forever.

Cheers from Eastern Europe ;)

My understanding is that MyEtherWallet is not really a wallet, it is like a viewer that allows you to see and control your coins on the eth blockchain (including eth coins).

You can only send tokens that are ethereum based e.g. skincoin so don't send something like waves tokens or it will be lost forever!

You can add any Ethereum based token


You can use myetherwallet. There is no need to register. All your balances have imported into myetherwallet

Now you can send/recieve any Ethereum based token. You can use one address for all of them.

MEW is just a platform that lets you download a new ETH wallet with its private keys. As long you keep your private keys, there is no problem for you. Never lose your private key and don't share it. Also keep your wallet file. For the tokens, you need to add them by using their symbol, decimal and contract address information. Some of the tokens are listed in MEW automatically, but most of them not.

Yes this is correct and as long as you have you private keys your tokens are safe. There is also a video on youtube on how to maneuver MEW and try searching then if you want to take a look or withdraw your tokens too as long as it is already available in the exchanges.

Thanks for the responses guys. It is more clear now.

Myetherwallet does show the pre ICO coins that I transferred there. Do I just leave them there?

I intend to hold the coins for years and hopefully liquidate when the price is higher. Once the exchanges list this coin I guess I will be able to transfer them easily out of MEW and sell them?

Also what similar "wallets" do you guys use for coins that are not supported by Ethereum (based on ETH blockchain-not sure how to say this)?

Thanks
BKN

Every Ethereum based token that has been sent to the wallet addres, is shown (You can add the coin if that's not listed)

Yes, you can Send them easily to every address you want.


Use myetherwallet for ethereum tokens and Waveswallet for waves tokens.
For other coins, The best you can do is visit their website and see what they recommend. Sometimes you need to download a wallet to store your coins safely.

Yes, you can keep your coins in myetherwallet if you intend to hold the coins for a long time. Please do not lost the file or secret key of the wallet.

Alternatively, you can get a hardware wallet (Ledger Nano S or Trezor) which cost around USD 100. Check out the official website for more information. You can keep BTC and some other coins in the hardware wallet too. I think it is a good investment to safeguard your coins.