HI
I am new to the crypto scene. I would like to know how i would know what wallet hold what cryptos and token.
For example i have come to understand that LTC cant be stored in a ether wallet but it can in a bitcoin wallet. is this correct?
How would i know how to store new token generated from a ICO?
Is it depending on whether the crypto currency is using a ethereum block chain or a bitcoin blockchain.
LTCU was released recently, is it safe to assume that this can only be stored in a bitcoin wallet?
Thank you in advance!
Haider
No, you can' store LTC in etherwallet. You should check the announcement thread first (page one), if they use ethereum platform, then the token can be stored in ethereum wallet. If they make their own blockchain, they will have their own wallet, so asking in the each coin announcement thread is the best way to know. LTCU is different from bitcoin and ltc so it have it's own wallet.
Hi
Thank you for your response.
I have a few follow up questions.
If i was to by ripple i would need a separate ripple wallet to store it?
Yes
I ask this because i see on myetherwallet that it allows you to hold various tokens on it, is this due to the token being built on the ether chain?
Yes
As you can tell im a novice, thus i appreciate your patience and response.
Everyone starts as a novice so it's okay.
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)