Bitcoin Forum

Dear friends,

I am not very familiar with erc tokens and myetherwallet.

I purchased some erc tokens ( useless tokens  ???)  long time back. I was just checking myeatherwallet and saw there is some amount.  Can you please advise how can I withdraw money or convert them to other crypto.  Its small amount but every penny helps.

screen shot:
https://i.imgur.com/0cnCsvf.png

https://i.imgur.com/yxC31dF.jpg

I see the screenshot that you provide is damaged and cannot display the image you captured, but I try to answer from what you experience,

First you have to save between the private key or the JSON file (Keystore File) that you get when you create a wallet on myetherwallet,
after that you try to log into

https://www.myetherwallet.com/access-my-wallet

after that you can select Access My Wallet with "Software"
There will be 3 options for access:
1. Keystore File
2. Mnemonic Phrase
3. Private Key

At least you save one to access the myetherwallet wallet after which you can exchange the tokens you have, but you have to fill in some ethereum to the wallet for the gas fees needed when making exchange transactions.

Thanks for reply. I have corrected the screen shot. I already have myetherwallet but I don;t know how can I convert those useless token to something useful. Thanks

Follow this guide.

Topic: [Guide] MyEtherWallet Offline Transactions [SECURITY] (https://bitcointalk.org/index.php?topic=4500372.0)

Do as discussed in that topic.
If you don't understand, you can ask: to: Nestade (https://bitcointalk.org/index.php?action=profile;u=134226), Good luck.

To convert your balance you need to send every tokens where it's listed then you can convert it there to eth or any currency you want.

I check all the tokens balance , all I can say is it's almost no value .you may even spend more on the fee of transferring it to another wallet than earnings with it. I suggest to just forget about that tokens in your wallet and stay it there until it's worth it to sell.

You need to find information about the tokens one by one to know which crypto exchanges they are listed, for example datum token is listed on huobi exchange, you need to open an account on huobi and send the datum token to the datum token address of the exchange and sell on the exchange, do the same thing with every other tokens too

The first step you have to check every Token in your wallet is listed on which exchange, if you need an application to track every Token listed on the exchange you can use the Bituniverse application.  DATUM (DAT) is listed on the Houbi exchange, you can transfer the DAT token to the Houbi exchange in order to convert to ETH or USDT.  WPR is listed on the Binance and Houbi exchange.

Also don't forget to leave some ETH on your wallet because to send those tokens to exchange you will need ETH as the transaction fee, since you've been answered about sending tokens to the right listed exchanges I think there is nothing left to know

You are absolutely right. If the balance of the token is less than $ 5, then there is no point in transferring it to the exchange, since you will pay a commission for both input and then for withdrawal.  It may be better to wait a bit for the token to rise in price and sell later.

bro we are one ship :) almost 30 minutes ago I spent time checking all wallets in MEW, and I was very confused about how to withdraw all these tokens, even in all my MEW wallets I have these tokens. almost quite a lot, and we are indeed the same boat hahaha

this is real

first if you still have the private key, just open your wallet and send to exchange to convert your tokens to bitcoin, ethereum or usdt of course if the tokens tradeable on exchange,
or you can exchange your tokens to ethereum in decentralized exchange such as eth forkdelta my friend

Very easy.
Step 1: Find the exchanges listed above.
Step 2: Create an account in exchanges and navigate to Deposit section.
Step 3: Copy deposit address and paste it in the withdraw address section.
Step 4: withdraw the maximum token you have and then sell it on the exchange.
Done.

The only thing you need to do is to find the exchange of these altcoins. But I am afraid that you can only sell those above $10 because if you transfer those coins worth $2, it won't even be enough for you to withdraw it once you sell it already. However, you can still check if these coins have the same exchanges, if ever they do, you can sell them at once so you can save with the withdrawal fee.

For anything worth less than $10 you will probably spend too much in fees that it is not worth exchanging. You can probably exchange these coins on Uniswap, although there is not a lot of volume and you will have to accept whatever price is available. ETH fees aren't too high right now but since smart contract interactions are required for the exchanging it'll be more expensive than a regular transaction.

It's even simpler than that

- Go to uniswap
- connect wallet
- find the tokens you want to sell and find the eth/usdt token you want to receive
- approve
- swap
- profit!

Since you claim not be familiar with the ERC20 and myetherwallet. I think what you need to know is that Myetherwallet is a web wallet and every web wallet are vulnerable to attack so i will advise you to integrate
1)  the metamask extension on your browser import your ETH wallet on metamask using your private keys.
2) Googling the token online to find the exchange where it listed (example google "datum token (https://coinmarketcap.com/currencies/datum/markets/)" which is listed on capital market and huobi is the best exchange for you to sell it).
Note : you need to consider the price of the token, tx fee and exchange withdraw limit if the token is not listed on instant exchange like uniswap so it wont be a waste of time, efforr and tx fee from your ending


It not all ERC20 that are traded on uniswap and is not advisable for the OP to connect with uniswap using Myetherwallet.

I am not sure it is really worth exchange with a centralized exchange since you risk to pay more in gas fee and then from exchange for withdraw.
it could be better try to sold directly to some user on forum maybe interested in all tokens for a discount price.
or just wait the price will raise again in the upcoming months ;)
(ps for some of these tokens I am not sure they will have a minimum value but storage it's free :) )

This only tells me you skipped most of the OP's post.
Since etherscan is showing a price, this is a 99% guarantee there will be liquidity on uniswap.

And why is it not advisable? Uniswap is the aingle biggest DEX for erc20. i'd sooner truat uniswap than binance

Maybe you should consider the fees bro, looking at the tokens you have in your wallet, I think you can only do a few swaps on uniswap. Don't be too hasty, maybe ethereum 2.0 can solve the issue of gas fees better than we thought, but for now maybe you can only swap on uniswap for some of your tokens.

No, it does not guarantee the token was listed on uniswap. I'm once a participant of Digital Gold Token bounty, they pay with their token which is not listed on uniswap but their local instant exchange and exchange like Bitforex but etherscan shows the price of the token in USD.


I believe you just misunderstanding me cause i wasnt referring to Uniswap but advising the OP to be security conscious cause web wallet can be easily attack and with the previous situation of Myetherwallet victim it not advisable to use Myetherwallet on Uniswap even the site provide this hints sometimes.
Aside, no crypto geek will advise the use of web wallet.

The first step that you must try to search the exchange sites that were available to trade your tokens and then you should sign up to the exchange site, I just try to remind you that only use the legit exchange site.
Since those are also ERC20 token and you can also use uniswap.

Open your wallet through use your privatekey and you must go to the send and receive tab. (I used mycrypto)
Put the destination address and add your custom tokens.

Just to add also, like for example the WPR token. It is listed in several exchanges - https://www.coingecko.com/en/coins/wepower#markets. But I would suggest to trade it with Binance (https://www.binance.com/en/trade/WPR_BTC) if OP can't find it in Uniswap. If you don't have account in Binance, you can create one. And then get the deposit address of the WPR token. Send it to that address and trade it with btc, now you have coins in btc. With the current rate, you can get about 75k satoshis. And you can do that with others like the DAT (https://www.coingecko.com/en/coins/datum#markets).

Better to check your private key and please take care if what you will do to your wallet and private key. And check the real value of your coins before to sell it to the right exchange that has listed the coin. Its my experience I'm happy when I saw my coin have a value but when I try to sell on exchange its like a bug of value only and the real value is small amount.

I hope you have your private keys of this wallet in question stored somewhere safe from the reach of others , without your keys, phrase you can't access the wallet, I will advise you follow all the guides given above, I saw some helpful guide that can help you to understand the process, it is not difficult to understand, very simple in my opinion.

Myetherwallet isn't a web wallet, it's only an access point to your wallet. You still own and hold the private keys.
If you're a tool and end up on a phishing site, and still enter the seed words when they ask you, then that's on you. But that's not the topic of this

Probably search for that coin on where it is listed at. Then you'll surely be able to convert that coin to any coins you wanted. Not sure on from what crypto coins you wanted it to be cashed out, BTC , ETH?
That's a lot of token btw so make sure you do this earlier because many coins get dumped ending up to late-sellers to sell to almost non-profitable value.

All you need to do is to transfer those coins/tokens of yours to crypto exchanges and try to sell it for ethereum or bitcoin. But first, make sure that you have enough balance to cover for gas fees. And once you already trade it, transfer it into a designated wallet where you can withdraw it through banks or remittance center/s.

No, it's not! You know, there are other exchanges where etherscan can get the price from! WPR, for example, which OP holds would have a price impact of almost 60% on Uniswap V1 and no liquidity at all on V2! And OP only has 1600 tokens. On Uniswap he would get way less than on Binance for example.

It doesn't always make sense to use Uniswap!

Best thing OP can do is check his tokens on coingecko and check there on which exchange the tokens are traded: WPR for example is on Binance. I would sell it on Binance. Way cheaper than using Uniswap.

You amazed me when you said Myetherwallet is not a web wallet because it users own and hold the wallet private keys. If myetherwallet is not a web wallet that makes blockhain.info, Guarda etc not to be a web wallet either but are sure you are the same btcltcdigger, i know?

Find the listed exchanges for every single tokens in your Ethereum address, I believe that datum token is listed on huobi and wepower token is listed on binance and huobi, these two tokens are the most valuable assets in your wallet right now excluding Ethereum itself, also you can only send the tokens to listed exchange using Ethereum, you don't want to sell Ethereum first or you will get stuck finding gas fee

I have a share that will be more useful and easier for you. First you need to install metamask on the browser you use. Then add your wallet in the metamask and get started using https://etherscan.io/address/.... to check the tokens you want. By clicking on the token information on that site you will get information about that token, and you can get 'contract' to 'addtoken' on metamask. And the token will show up and you can transfer it to any other because or go to an exchange to sell your token.

Those that have a value above $ 10 you can send it to the exchange where the token is listed, you can see Coinmarketcap for wherever the token is traded. As for those who have a value below $ 10 I think you better forget about it.