ICOs

[Ownee]

Can I purchase ICOs through Coinbase or any other exchange site?  How does purchasing ICOs work?

-D

[1715071877]

1715071877

[1715071877]

1715071877

[coinsons]

i think better u look this video

https://www.youtube.com/watch?v=nO8RRutn8uo

its big time to talk about that
u need to teach something first and read alot on internet
after u will need choose good project and start to try with low amount to invest in it

[AdolfinWolf]

Can I purchase ICOs through Coinbase or any other exchange site?  How does purchasing ICOs work?

-D

Do not do this. Most ICO's reward the tokens back to (for example) your ethereum adress, which means they'll be in possesion of coinbase, where you don't have control over your private keys, nor your tokens.

Consequently, private keys associated with a specific address are virtually inaccessible outside of extremely limited circumstances.

https://support.coinbase.com/customer/en/portal/articles/2829461-altcoins-and-icos

Although i guess it could work for some ICO's where they don't reward the tokens back to the adress you send them from, but rather an adress on their blockchain or something. i'd really look this through before doing it though!

[AdolfinWolf]

So the safest option is to buy directly from the site itself right ? no coinbase, no exchanges?

Well, you're going to be buying from the website that is offering the ICO directly anyway. What matter is the wallet you are going to be buying from.

Safest option would always be to send your money from a wallet/adress of which you have complete control -- access to private keys, adresses/seeds etcetera.

Don't send for example Ethereum from an exchange such as poloniex or Coinbase to the ICO.

[Vatimins]

So the safest option is to buy directly from the site itself right ? no coinbase, no exchanges?

      yes. what you can do is create a new ethereum wallet if the iCO is ethereum based you can go to myetherwallet.com and create one for free and then buy bitcoins on an exchange and convert it into ethereum then send it to the wallet you have created on myetherwallet. after that, you will see the etheruem you have bought minus the fees. now you are ready to buy coins from that ico. you can now go to their website and buy as much token as you wish and then your done. but if the ico is on the waves platform, then you will have to create a waves wallet and do the same steps as ethereum. although some accept both bitcoins, ethereum and waves as payments. but sometimes, others have their own wallets. if this is the case, then you will have to download their wallet(s) before buying their coins. of course in this case they will surely accept various currencies for payment.


hope this helps you in any way. good luck on your investments and good day

[Vatimins]

extremely thankful for all valuable pieces of advice! you guys are the best! hope we are all successful

     no problem man. i pretty much would have wanted someone to help me also if i was in your situation. all of us here were once a newbie in the crypto world. and if not for the ones that also answered our questions back then, we would never be where we are now(although i haven't gotten that far yet because i still have a lot to learn. lol). just always keep in mind that you need to be careful with icos nowadays since most of the icos i've seen recently are pretty shitty. be sure to read a lot about the ico first before you go on throwing money on their project. good luck man