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Author Topic: why myetherwallet?  (Read 529 times)
fetka88
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October 03, 2017, 06:13:59 PM
 #41

because MEW supports ERC20 tokens Smiley
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October 04, 2017, 02:52:07 AM
 #42

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


i think the ICO is not yet released in the market and myetherwallet is support with many ERC20 tokens so its like temporary wallet before the ico is launch. beside that, today most ico is using ethereum base so i guess only myetherwallet that could save the tokens and so far, that site is safe and good for keep the tokens. and like the others, you need to save your private keys in safe place because you responsible with your own tokens and when the ico is launch, make sure you have gas to send the tokens to the market.

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October 04, 2017, 04:38:40 AM
 #43

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

ICOs ask us to send ETH using myethetwallet because some coins are not directly recognize  and direct transaction is not that secure thats why they prefere to send it using myetherwallet. Because in using myetherwallet you can secure your own private keys

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October 06, 2017, 12:16:36 PM
 #44

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

Why MyEtherWallet? Why not? there is nothing wrong with MyEtherWallet. I have no problem with it, in fact their security is great, they have the keystone that we need to download and we are the one that can only open that wallet because they have a lot of option on how we can open that wallet. For me, this is great.   Wink



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Rainbot
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October 06, 2017, 03:10:00 PM
 #45

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 it is ERC20 token ICO and ERC20 tokens are using ethereum.
You don't need MEW, what you need is your ether address with private keys.
Don't use ether address from exchange because you won't receive tokens to it.

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October 07, 2017, 08:54:55 AM
 #46

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 it is ERC20 token ICO and ERC20 tokens are using ethereum.
You don't need MEW, what you need is your ether address with private keys.
Don't use ether address from exchange because you won't receive tokens to it.


This is a really important fact. I have seen many crypto newcomers (including me a while back) which had no idea that you do not have acccess to your private keys on exchanges.

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