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Author Topic: ERC20 Quick Question  (Read 114 times)
tOKENCITY
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October 23, 2017, 03:14:28 PM
 #1

As someone looking forward to taking part in bounty campaigns, I've been wondering how easy it is to exchange altcoins.

Would it be true to say that all ERC20-based coins can be freely exchanged to ETH?

This is my main concern at this point, I wouldn't like to be paid in something I'll have to sit on for months, before it appears on exchange(s).

Pardon my noobie Q! Thx Roll Eyes

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October 23, 2017, 03:27:49 PM
 #2

I'm sure someone will correct me if I'm wrong here, but I'm pretty sure the exchange "etherdelta" can be used for all ERC20 tokens, although it's not ideal.  Etherdelta is basically for the tokens that can't get traction.  That said, it is best to find the high quality campaigns to be a part of, because they will likely get listed on better exchanges, and hold their value better.  

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October 23, 2017, 03:37:05 PM
 #3

Would it be possible to convert directly in your wallet, though, or should you always have to open some exchange website?

And does anyone maintain a list of proven, trustworthy & well-paying bounties?

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bit-freedom
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October 23, 2017, 05:56:25 PM
 #4

Would it be possible to convert directly in your wallet, though, or should you always have to open some exchange website?

And does anyone maintain a list of proven, trustworthy & well-paying bounties?

Yes you are convert by entering your ETH wallet private key in etherdelta website. But you still have to deposit the coins to an address and it cost gas to do so.

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October 23, 2017, 05:58:39 PM
 #5

There is no way to convert them directly in your wallet like you can with Waves and NXT tokens, you have to sell ERC20 tokens on an exchange just like any other coin.

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October 23, 2017, 05:59:36 PM
 #6

As someone looking forward to taking part in bounty campaigns, I've been wondering how easy it is to exchange altcoins.

Would it be true to say that all ERC20-based coins can be freely exchanged to ETH?

This is my main concern at this point, I wouldn't like to be paid in something I'll have to sit on for months, before it appears on exchange(s).

Pardon my noobie Q! Thx Roll Eyes
Yes, this is just like on traditional way on exchanging your altcoin into bitcoin which you can actually convert your erc20 tokens directly on ETH which you can mostly see this on Etherdelta since those coins listed are all erc20 tokens which this is the most known site when it comes for a new coin will really get in directly on this exchange easily.

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neinnein125
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October 23, 2017, 06:01:01 PM
 #7

Yes all these tokens are very easy to sell for ethereum. But not convert. Converting is different thing.
I suggest you to use etherdelta. It is bit slow but working great.

tOKENCITY
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October 23, 2017, 06:15:58 PM
 #8

Thanks guys, that is the guidance I was needing.

Is EtherDelta the best place to get an idea of tokens' ongoing rate as well?

Or is there a better website/app?

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tyuner4
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October 23, 2017, 06:33:45 PM
 #9

Thanks guys, that is the guidance I was needing.

Is EtherDelta the best place to get an idea of tokens' ongoing rate as well?

Or is there a better website/app?


No, etherdelta show you the price traded in its exchange only. Coinmarketcap is a better website which reflect coins/tokens price from various exchanges. From the market tab in each coin page, you are able to see the available exchanges and recent price traded.

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tOKENCITY
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October 23, 2017, 08:25:30 PM
 #10

Appreciate the info tyuner4!

Think I'm more or less set for now.

Thanks all, once again.

 Cool

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