Bitcoin Forum
October 21, 2017, 12:15:17 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 »  All
  Print  
Author Topic: why myetherwallet?  (Read 540 times)
sv624
Newbie
*
Offline Offline

Activity: 16


View Profile
October 02, 2017, 02:30:37 AM
 #1

Hi,
I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?
Why can't I send them directly from kraken.com?
Thanks in advance
1508588117
Hero Member
*
Offline Offline

Posts: 1508588117

View Profile Personal Message (Offline)

Ignore
1508588117
Reply with quote  #2

1508588117
Report to moderator
1508588117
Hero Member
*
Offline Offline

Posts: 1508588117

View Profile Personal Message (Offline)

Ignore
1508588117
Reply with quote  #2

1508588117
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
ajiejot
Member
**
Offline Offline

Activity: 70


View Profile
October 02, 2017, 03:00:15 AM
 #2

Myetherwallet is very okay for me, since I can access it via web anywhere.  You control your private keys. MyEtherWallet gives you the ability to generate new wallets so you can store your Ether yourself, not on an exchange. This process happens entirely on your computer, not our servers. Therefore, when you generate a new wallet, you are responsible for safely backing it up.

██████████  ✔  PoSToken - First PoS Smart Contract Token - Get Your Free Tokens Now!
█     PoSToken    █  ✔  Free Airdrop ●  No-ICO  ●  100% Annual Interest First Year
██████████  ✔  ANN ●  WebSite  ●  Twitter  ●  Slack  ●  Whitepaper
pinoyden
Full Member
***
Online Online

Activity: 126



View Profile
October 02, 2017, 03:15:46 AM
 #3

Hi,
I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?
Why can't I send them directly from kraken.com?
Thanks in advance


they are doing that because their coins/tokens are not yet listed on online exchanges  and you cant still withdraw or trade it ,thats why you must hold it first on your eth wallet specifically myetherwallet because it is the most stable and the best eth wallet that suports all new and old erc20 tokens as well as eth.

8rch7
Sr. Member
****
Offline Offline

Activity: 294



View Profile
October 02, 2017, 03:31:32 AM
 #4

the wallet ethereum address of MyEtherWallet (MEW) is public, so can accept the newly launched altcoin (new contract). while for the exchanger is not public, later altcoin newly launched can not enter.
except if exchanger supported ERC20, like etherdelta.

SPECTRE                ▄▄███▄▄
            ▄▄███▀▀▀▀▀███▄▄
▄▄      ▄▄███▀▀ ▄▄███▄▄ ▀▀███▄▄      ▄▄
████▄▄  ▀▀▀ ▄▄███████████▄▄ ▀▀▀  ▄▄████
  ▀▀████▄    ▀▀█████████▀▀    ▄████▀▀
 ██▄▄ ▀██ █▄▄    ▀▀▀▀▀    ▄▄█ ██▀ ▄▄██
 ▀▀███ ██ █████▄       ▄█████ ██ ███▀▀
      ██ ███████▄   ▄███████ ██
       ██ ████████   ████████ ██
       ██▄▄ ▀▀████   ████▀▀ ▄▄██
        ▀▀███▄▄ ▀▀   ▀▀ ▄▄███▀▀
            ▀▀███▄▄▄▄▄███▀▀
                ▀▀███▀▀
             │
     │      ███
     │      ███
    │     ███
███  │     ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
▬▬     WHITEPAPER    ▬▬
FACEBOOK     TELEGRAM
TWITTER     SLACK     MEDIUM
.
PRE-SALE.
PUBLIC SALE.
jorneyflair
Hero Member
*****
Offline Offline

Activity: 602


Ice Rock Mining- The Most Profitable Mining


View Profile
October 02, 2017, 03:55:54 AM
 #5

Hi,
I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?
Why can't I send them directly from kraken.com?
Thanks in advance


Because when the exchange sends the ETH you never know what address they are going to send from. You get tokens when the ICOs end to the address which sent the actual ETH, so sending via an exchange just doesn't work.

Therefore, they tell you to use myetherwallet, which supports most ERC20 tokens.

It's like why you don't send from an exchange when doing on-chain betting.



░░░░░░░░░░░░░░░░░░░▄██▄
░░░░░░░░░░░░░░░░░▄█████▄
░░░░░░░░░░░░░░░░████████
░░░░░░░░░░░░░░▄███░▄█████
░░░░░░░░░░░░░░░░░░░░░░░░░░▄███░▄██████▄░░░░░░░░▄████
░░░░░░░░░░░░░░░░░░░░░░░░░███▀░▄████████░░░░░▄████████
░░░░░░░░░░░░░░░░░░░░░░░░ ███░░██████████░░▄███▀░░█████
░░░░░░░░░░░░░░░░░░░░░░░░███░░███████████████▀░░███████
░░░░░░░░░░░░░░░░░░░░░░░ ███░░█████████████▀░░░█████████
░░░░░░░░░░░░██▄░░░░░░░░███░░█████████████░░░███████████
░░░░░░░░░░░█████▄░░░░░ ███░░██████████████░░████████████
░░░░░░░░░░████████▄░░░███░░███▀░░░░░▀█████░█████████████
░░░░░░░░░███▀░░▀███████░░████░░▄██▄░░██████████████████
░░░░░░░░███▀░██▄░▀█████░░█████░░████░░██████████████████
░░░░░░░███▀░█████▄░▀██░░██████░░▀██▀░▄██████████████████
░░░░░░███▀░▄███████▄░░░███████░░░░░▄████████████████████
░░░░░███▀░░██████████▄████████░░▄░░▀████████████████████
░░░░███▀░░████████████████████░░██▄░░▀██████████████████
░░░███▀░░░████████████████████░░████▄░░▀████████████████
▄▄▄▄▄▄
▄████████████▄
▄████████████████▄
██▀▀▀▀▀▀▀▀██████████
███░░░░░░░░░▀█████████
████░░███████▄░▀████████
█████░░██▀▀▀▀▀▀░░▀▀▀▀▀▀▀██
█████░░██░█▀▀▄░█▀▀▄░█▀▀░██
█████░░██░█░░█░█░░█░█▄▄░██
█████░░██░█▀▀░░█░░█░█░░░██
█████░░██░█░░░░█▄▄▀░█░░░██
████░░██▄▄▄▄▄▄░░▄▄▄▄▄▄▄█
███░░░░░░░░░░░░███████
██▄▄▄▄▄▄▄▄▄▄▄▄██████
▀████████████████▀
▀████████████▀
▀▀▀▀▀▀
Whitepaper
▄▄▄▄▄▄
▄████████████▄
▄████████████████▄
████████████████████
█████▀░░░░░▀██████████
████▀░░░░░░░░░▀█████████
████░░░░░░░░░░░░░█████████
████░░░░░░░░░░░░░█████████
████░░░░░░░░░░░░░█░▀██████
████░░░░░░░░░░░░░█░░██████
█████▄░░░░░░░░░▄█▀░░██████
███▀░░▄░░░░░▄█▀░░░▄█████
██▄▄████▀▀▀▀░░░░░█████
███████▄▄░░░░▄▄░░███
▀████████████████▀
▀████████████▀
▀▀▀▀▀▀
ANN Thread
margrettco62
Member
**
Offline Offline

Activity: 84


View Profile
October 02, 2017, 04:12:08 AM
 #6

If you use MyEtherWallet then you have the private key & you control your funds and your key. You do not rely on Coinbase or Gemini sending your funds from their account to yours. If you use an exchange Kraken then you have any account with that company, and they hold your ETH and your keys for you. They have their own account on the blockchain with all their and their customers' funds in it. Then you have a username / password with them, on their servers, and they keep track of how much ETH they "owe" you.
This allows you to have the more traditional username / password situation and do things like reset your password if you forget it, change your password if your password is compromised, and turn on 2FA. However, it also means that if the exchange loses ETH, it's your ETH that is lost.

Brickblock.ioTHE FUTURE OF STOCK TRADING ON THE BLOCKCHAINBrickblock.io
REAL ESTATE FUNDS EXCHANGE TRADED FUNDS CRYPTO TRADED FUNDS
TelegramFacebook ❰ Crowd Sale starts 31st of October ❱ TwitterMedium
cahkalem
Full Member
***
Offline Offline

Activity: 154


"Proof-of-Asset Protocol"


View Profile
October 02, 2017, 04:22:50 AM
 #7

Hi,
I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?
Why can't I send them directly from kraken.com?
Thanks in advance


exchange wallet is not good ,,
your token will be lost if you use an exchange ethereum wallet
just use MEW it is easy to use,,

Jiyens3
Sr. Member
****
Offline Offline

Activity: 364


GET IN - Smart Ticket Protocol - Live in market!


View Profile
October 02, 2017, 04:26:08 AM
 #8

Hi,
I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?
Why can't I send them directly from kraken.com?
Thanks in advance


Because when the exchange sends the ETH you never know what address they are going to send from. You get tokens when the ICOs end to the address which sent the actual ETH, so sending via an exchange just doesn't work.

Therefore, they tell you to use myetherwallet, which supports most ERC20 tokens.

It's like why you don't send from an exchange when doing on-chain betting.
i think because dev can control the token received or not and if there is pending transaction can complain
and if dev use market address like kraken, bittrex or poloniex you can lose your balance


               ████
             ███  ███
           ████     ███
         ███  ███    ███
       ████     ███    ███
     ███  ███     ███    ███
   ████     ███     ███   ██
 ███  ███     █████████████████
███     ███     ███           ██
 ███      ███     ██          ██
   ███      ██████████      ███
     ███      ██████      ███
       ███      ██      ███
         ███          ███
           ███      ███
             ███  ███
               ████

GUTS
    ███
███
███
███
███
███
███
███
███
███
███
███
███
███
   
smart-ticket protocol for events
live product with market traction!
    ███
███
███
███
███
███
███
███
███
███
███
███
███
███
   
  BTC ANN
  WEBSITE
  BLOG
   
  SANDBOX
  WHITEPAPER
  BOUNTY
   
Aleator
Sr. Member
****
Offline Offline

Activity: 378



View Profile
October 02, 2017, 04:29:42 AM
 #9

exchange wallet is not good ,,
your token will be lost if you use an exchange ethereum wallet
just use MEW it is easy to use,,
sorry for asking dumb question, but how can you say the exchange wallet will take all of your money ? as far as i know i never lost my coin if i use the exchange wallet,
the only think i got from exchange wallet is you can't hold the private key, just that.

              ▄▄▄▄▄▄▄▄▄▄▄▄
          ▄▄███▀▀▀▀▀▀▀▀▀▀███▄▄
       ▄██▀▀   ▄▄▄▄▄▄▄▄▄▄   ▀▀██▄
     ▄██▀  ▄▄████▀▀▀▀▀▀▀███▄▄  ▀██▄
   ▄██▀  ▄██▀▀   ▄▄▄▄▄▄▄  ▀▀██▄  ▀██▄
  ▐██   ██▀   ▄███▀▀▀▀▀███▄  ▀██   ██▌
  ██▌  ██▌   ██▀         ▀██  ▐██  ▐██
 ▐██   ██   ▐██           ██▌  ██▌  ██▌
  ██▌  ▐█▄   ██▄        ▄██▀  ▄█▀  ▐██
   ██▄  ▀██▄  ▀██▄    ▄██▀  ▄██▀  ▄██
    ▀██▄  ▀██▄  ▀█  ▄██▀  ▄██▀  ▄██▀
      ▀██▄  ▀██▄  ▄██▀  ▄██▀  ▄██▀
        ▀██▄  ▀████▀  ▄██▀  ▄██▀
          ▀██▄  ▀▀  ▄██▀  ▄██▀
            ▀██▄  ▄██▀  ▄██▀
              ▀████▀  ▄██▀
                ▀▀  ▄██▀
                   ▀▀▀
  T r i p p k i
makes travel more rewarding
─ ─── ────..Hotel Booking & Rewards Platform
     ▄▄██████▄▄
  ▄██████████████▄
▐██████▀    ▀██████▌
██████▌      ▐██████
▐██████▄    ▄██████▌
 ▐████████████████▌
   ▀████████████▀
     ▐█████████
       ███████
        █████
         ███
          ▀
Valuable Rewards     ▄▄██████▄▄
  ▄██████████████▄
▐██████▀    ▀██████▌
██████▌      ▐██████
▐██████▄    ▄██████▌
 ▐████████████████▌
   ▀████████████▀
     ▐█████████
       ███████
        █████
         ███
          ▀
Better Relationship     ▄▄██████▄▄
  ▄██████████████▄
▐██████▀    ▀██████▌
██████▌      ▐██████
▐██████▄    ▄██████▌
 ▐████████████████▌
   ▀████████████▀
     ▐█████████
       ███████
        █████
         ███
          ▀
Distributed Ecosystem
,
,
Buy TRIP Tokens
Join our Telegram
Discuss in Bitcointalk
mroth7684
Full Member
***
Offline Offline

Activity: 166


Green Mining 85% Cheaper


View Profile
October 02, 2017, 04:43:47 AM
 #10

because if you want transfer token and other things you need private key. exchange wallet doesnt give you private key

Thirdspace
Sr. Member
****
Offline Offline

Activity: 332


The Future of Stock Trading on The Blockchain


View Profile
October 02, 2017, 04:47:40 AM
 #11

Hi,
I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?
Why can't I send them directly from kraken.com?
Thanks in advance


most replies have answered your questions pretty good, to make it simple & clear:
1. using ETH via MEW (myetherwallet) proves you are the owner of that sending address
because using mew requires user to have privkey or something to control that address
2. The dev ICO will need your address to distribute the tokens once ICO finished
3. MEW supports all ERC 20 Tokens including custom, other wallets might not support certain tokens
so those 3 basic needs will be fulfilled at once by requiring "send ETH using MEW"


         ▄▄███▄▄
     ▄▄███████████▄▄
 ▄▄███████████████████▄▄
██████████████████████████
  ▀▀██████████████████▀▀ ▄▄
      ▀▀██████████▀▀ ▄▄████
          ▀▀█▀▀ ▄▄█████████
             ▄█████████████
             ██████████████
             ██████████████
             ██████████████
             ██████████████
             █████████████▀
             █████████▀▀
             █████▀▀
             ▀▀▀
.
Brickblock.io
║║
║║
║║
║║
║║
.
║║
║║
║║
║║
║║





                  ▄▄██▄
              ▄▄█▀▀  ██
          ▄▄█▀▀      █▌
      ▄▄█▀▀   ▄▀    ██
 ▄▄▄█▀▀    ▄█▀     ▐█
██      ▄██▀       █▌
 ▀▀██▄███▀        ██
     ██▀▀█▄▄▄     █▌
      █▄  ██▀▀▀█▄██
       █▄█▀




       ▄▄▄▄▄▄
    ▄████████
    █████▀▀▀▀
   ▐████
   ▐████
████████████
████████████
   ▐████
   ▐████
   ▐████
   ▐████




                 ▄████▄▄    ▄
██             ████████████▀
████▄         █████████████▀
▀████████▄▄   █████████████
▄▄█████████████████████████
██████████████████████████
  ▀██████████████████████
   █████████████████████
    ▀█████████████████▀
      ▄█████████████▀
▄▄███████████████▀
   ▀▀▀▀▀▀▀▀▀▀▀



▄▄▄                  ▄▄▄
█████▄             ▄██████▄
█████████▄        ████████████▄
██████████▌▄     ██████████████
██████████▌▐█  ▄█████████████▀▄█
██████████▌▐██▄▀████████████ ███
██████████▌▐████▀██████████ ████
██████████▌▐█████ ███████▀▄█████
██████████▌ ▀█████▄▀████ ███████
██████████▌   ▀▀████ ██▄████████
▀█████████▌      ▀▀▀▀ ▄█████████
   ▀▀█████▌             ▀▀██████
        ▀█▌                  ▀▀█
║║
║║
║║
║║
║║
.
mmo4me.2016
Sr. Member
****
Offline Offline

Activity: 294


OPEN TRANSPARENT DECENTRALIZED


View Profile
October 02, 2017, 05:02:26 AM
 #12

Hi,
I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?
Why can't I send them directly from kraken.com?
Thanks in advance

They make a contract automatically, so you should sent from your account (send by account, get coin on that account) and avoid confusion or have someone else said  it as their transactions. There may be other reasons but I do not know.

           ▄▄█████████▄▄                         ▄█▄                ▀██████▄                   ▄██████▀
        ▄█████████████████▄▄                    ▄███▄                 ▀██████▄               ▄██████▀
         ▀███████████████████▄                 ▄█████▄                  ▀██████             ██████▀
           █▀▀       ▀▀████████▄              ▄███████▄                   ██████▄         ▄██████
  ▄█▄                    ▀██████▄            ▄█████████▄                   ▀██████▄     ▄██████▀
 ▄████▄                    ▀█████▄          ▄███████████▄                    ███████▄ ▄███████
▄█████▀                     ▀█████▄        ▄██████▀██████▄                     █████▀▀▀█████▀
██████                       ██████       ▄██████   ██████▄                     ▀█▀     ▀█▀
██████                       ██████      ▄██████     ██████▄                     █       █
██████                       ██████     ▄██████       ██████▄                   ▄█▄     ▄█▄
▀██████▄                    ▄█████▀    ▄██████         ██████▄                ▄█████▄▄▄█████▄
 ▀██████▄                  ▄█████▀    ▄██████                                ███████▀ ▀███████
  ▀██████▄               ▄██████▀    ▄██████                               ▄██████▀     ▀██████▄
   ▀████████▄▄       ▄▄████████▀    ▄██████                               ▄██████         ██████▄
     ▀███████████████████████▀     ▄██████                 ██████▄      ▄██████▀           ▀██████▄
       ▀▀█████████████████▀▀      ▄██████                   ██████▄   ▄██████▀               ▀██████▄
           ▀▀█████████▀▀         ▄██████                     ██████▄▄██████▀                   ▀██████▄
  O HOLD YOUR
OWN KEYS!
  O   O [SUCCESS  
RAISE
US$18mil+]
Strongkored
Hero Member
*****
Offline Offline

Activity: 728


🌟ATLANT ICO: 7/09/17🌟


View Profile
October 02, 2017, 05:08:22 AM
 #13

Hi,
I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?
Why can't I send them directly from kraken.com?
Thanks in advance

Since many ICOs run on the ethereum platform or ERC20 and myetherwallet one of the wallets are compatible with it, so you can add custome token in myetherwallet.

......ATLANT......
..Real Estate Blockchain Platform..
                     ▄▄▄▄▄▄▄▄▄
                    ████████████░
                  ▄██████████████░
                 ▒███████▄████████░
                ▒█████████░████████░
                ▀███████▀█████████
                  ██████████████
           ███████▐██▀████▐██▄████████░
          ▄████▄█████████▒████▌█████████░
         ███████▄█████████▀██████████████░
        █████████▌█████████▐█████▄████████░
        ▀█████████████████▐███████████████
          █████▀████████ ░███████████████
    ██████▐██████████▄████████████████████████░
  ▄████▄████████▐███████████████░▄▄▄▄░████████░
 ▄██████▄█████████▐█████▄█████████▀████▄█████████░
███████████████████▐█████▄█████████▐██████████████░
▀████████▀█████████▒██████████████▐█████▀█████████
  ████████████████ █████▀█████████████████████████
   ▀██▀██████████ ▐█████████████  ▀██▀██████████
    ▀▀█████████    ▀▀█████████    ▀▀██████████

..INVEST  ●  RENT  ●  TRADE..
  ✓Assurance     ✓Price Discovery     ✓Liquidity     ✓Low Fees





███
███
███
███
███
███





███
███
███
███
███
███
███
███
███
███
███
███

◣Whitepaper ◣ANN ThreadTelegram
◣ Facebook     ◣ Reddit          ◣ Slack


███
███
███
███
███
███
███
███
███
███
███
███





███
███
███
███
███
███



sxafir
Hero Member
*****
Offline Offline

Activity: 630


Blocklancer - Freelance on the Blockchain


View Profile
October 02, 2017, 05:24:56 AM
 #14

Otherwise you can lose your money.

██
██
██
██
██
██
██
██
The first Decentralized Autonomous Job market (DAJ)
★★ VISIT US ! ★★ JOIN BOUNTY ★★
██
██
██
██
██
██
██
██
Freelance on the Blockchain
frmracc
Member
**
Online Online

Activity: 112

Indonesia translator here.


View Profile
October 02, 2017, 05:32:15 AM
 #15

Hi,
I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?
Why can't I send them directly from kraken.com?
Thanks in advance


bcos most of them are using eth erc 20 tokens

Brickblock.ioTHE FUTURE OF STOCK TRADING ON THE BLOCKCHAINBrickblock.io
REAL ESTATE FUNDS EXCHANGE TRADED FUNDS CRYPTO TRADED FUNDS
TelegramFacebook ❰ Crowd Sale starts 31st of October ❱ TwitterMedium
cafucafucafu
Hero Member
*****
Offline Offline

Activity: 630


For Lady and Mister! Enjoy Bazista!


View Profile
October 02, 2017, 05:34:13 AM
 #16

Hi,
I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?
Why can't I send them directly from kraken.com?
Thanks in advance


With myetherwallet you control your own private keys. This means that your sending & receiving address are the same. This makes the distribution process once the ICO ends(i'm assuming they are distributing tokens on the ETH network once the ICO ends) much easier than if you did it through an exchange since the address that sends your withdrawal isn't necessarily your deposit address.

It's got nothing to do with security of funds whatsoever.


▄██████████████████
███████████████████
███████████████████
█████████████████
███████████████
████████████████
████████████████
█████████████████
███████████████████
████████████████████
█████████████████████
▀████████████████████
Bazista®
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██

██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
|||
richierich
Full Member
***
Offline Offline

Activity: 206



View Profile
October 02, 2017, 05:39:54 AM
 #17

Hi,
I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?
Why can't I send them directly from kraken.com?
Thanks in advance

Myetherwallet is its own wallet. Everyone would promote their own applications or sites to represent their products to gain more profit in a short span. The more they draw people towards their products, applications and sites, their market and their profit increases.
Kanapka
Hero Member
*****
Offline Offline

Activity: 794


View Profile
October 02, 2017, 05:42:57 AM
 #18

You must have the private keys of your address to receive tokens. You don't have the private keys if you use exchanges.

You could use desktop wallets too

nitehawk
Hero Member
*****
Offline Offline

Activity: 510


Worldcore - Banking for the Future


View Profile
October 02, 2017, 06:33:34 AM
 #19



Myetherwallet can automatically receive and distribute any coin on the Ethereum network using smart contracts. If you use an exchange and the coins are sent to the exchange, odds are some of those exchanges will not list that specific coin, and/or the process needs to be done manually.

            ▄▄▄███████████▄▄▄
        ▄▄█████████████████████▄
      ▄██████████████████████████▄
    ▄█████████████████▀▀▀██████████
   █████████████████       ███████
  ██████▀▀▀████████   ███   ██████   █
 █████       ██████   ███   ██████   ██
 ████   ███   █████   ███   █████   ███
█████   ███   █████   ███    ████   ████
█████   ███   █████   ████   ████   ████
████    ███   ████   █████   ███   █████
████   ████   ████   █████   ███   █████
▀███   ████   ████   ██████       █████
 ███   █████   ███   ████████▄▄▄███████
  █   ██████   ███   █████████████████
      ███████       █████████████████
     ██████████▄▄▄█████████████████▀
     ▀███████████████████████████▀
       ▀▀██████████████████████▀
           ▀▀▀████████████▀▀▀



Worldcore
▄▄
██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
▀▀  ██
    ██
    ▄▄
    ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ▀▀
██   
Ctn
Sr. Member
****
Online Online

Activity: 252



View Profile
October 02, 2017, 06:35:57 AM
 #20


Hi,

I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?

Why can't I send them directly from kraken.com?

Thanks in advance




Very basic stuff first. ICO works on the smart contract in correlation with the ethereum blockchain. They have easy implementation on that blockchain. As a part of this they have to maintain the standard of their token to a specific standard names as ERC20 which is relayed by ERC20 supported exchangers or wallets more often. To add this tokens the ERC20 protocol has to be merged with supported wallets and myetherwallet is one of them. That's why use myetherwallet. Oh yeah plus, it is most popular too. ;-)




              ▄▄▄▄▄▄▄▄▄▄▄▄
          ▄▄███▀▀▀▀▀▀▀▀▀▀███▄▄
       ▄██▀▀   ▄▄▄▄▄▄▄▄▄▄   ▀▀██▄
     ▄██▀  ▄▄████▀▀▀▀▀▀▀███▄▄  ▀██▄
   ▄██▀  ▄██▀▀   ▄▄▄▄▄▄▄  ▀▀██▄  ▀██▄
  ▐██   ██▀   ▄███▀▀▀▀▀███▄  ▀██   ██▌
  ██▌  ██▌   ██▀         ▀██  ▐██  ▐██
 ▐██   ██   ▐██           ██▌  ██▌  ██▌
  ██▌  ▐█▄   ██▄        ▄██▀  ▄█▀  ▐██
   ██▄  ▀██▄  ▀██▄    ▄██▀  ▄██▀  ▄██
    ▀██▄  ▀██▄  ▀█  ▄██▀  ▄██▀  ▄██▀
      ▀██▄  ▀██▄  ▄██▀  ▄██▀  ▄██▀
        ▀██▄  ▀████▀  ▄██▀  ▄██▀
          ▀██▄  ▀▀  ▄██▀  ▄██▀
            ▀██▄  ▄██▀  ▄██▀
              ▀████▀  ▄██▀
                ▀▀  ▄██▀
                   ▀▀▀
  T r i p p k i
makes travel more rewarding
─ ─── ────..Hotel Booking & Rewards Platform
     ▄▄██████▄▄
  ▄██████████████▄
▐██████▀    ▀██████▌
██████▌      ▐██████
▐██████▄    ▄██████▌
 ▐████████████████▌
   ▀████████████▀
     ▐█████████
       ███████
        █████
         ███
          ▀
Valuable Rewards     ▄▄██████▄▄
  ▄██████████████▄
▐██████▀    ▀██████▌
██████▌      ▐██████
▐██████▄    ▄██████▌
 ▐████████████████▌
   ▀████████████▀
     ▐█████████
       ███████
        █████
         ███
          ▀
Better Relationship     ▄▄██████▄▄
  ▄██████████████▄
▐██████▀    ▀██████▌
██████▌      ▐██████
▐██████▄    ▄██████▌
 ▐████████████████▌
   ▀████████████▀
     ▐█████████
       ███████
        █████
         ███
          ▀
Distributed Ecosystem
,
,
Buy TRIP Tokens
Join our Telegram
Discuss in Bitcointalk
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!