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ERC-20 wallet and Bitcoin Address
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Topic: ERC-20 wallet and Bitcoin Address (Read 188 times)
cryptodalton
Jr. Member
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Activity: 126
Merit: 1
Re: ERC-20 wallet and Bitcoin Address
June 04, 2018, 06:04:22 PM
#21
Bitcoin store is only for bitcoin and ERC-20 is for the ERC-20 supported cryptocurrencies.
EuronPower
Jr. Member
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Activity: 112
Merit: 1
Re: ERC-20 wallet and Bitcoin Address
June 04, 2018, 06:11:57 PM
#22
The wallet ERC-20 is a wallet linked to ETH is the one we usually use to receive the tokens we earn in the Bounty Campaigns. Both belong to different Blockchain systems and have their limitations between them. For example, you can not send BTC to an ERC-20 wallet
IAGON — WE REVOLUTIONIZE THE CLOUD
bct9t
Newbie
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Activity: 280
Merit: 0
Re: ERC-20 wallet and Bitcoin Address
June 05, 2018, 02:36:23 PM
#23
Bitcoin address is the address which you use for holding the coin. It is totally dedicated to bitcoin only and cannot be used by other. And ERC-20 wallet is for all alts. You can use it for any one.
kayakcrypto
Newbie
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Activity: 182
Merit: 0
Re: ERC-20 wallet and Bitcoin Address
June 07, 2018, 03:59:25 AM
#24
Bitcoin address is a thing by which people hold their bitcoin and it is a inhabitant of bitcoin
blockchain.
On the other hand in
ERC-20
wallet is a place where you can hold not only
ethereum
but also other coins.
jakerfox
Newbie
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Activity: 294
Merit: 0
Re: ERC-20 wallet and Bitcoin Address
June 08, 2018, 04:26:44 AM
#25
Bitcoin is used for bitcoin. You can not hold
altcoins
here.
Ethereum
is for ERC-20 and others
ERC20
- based on crypto. Ethereum's blockchain and bitcoins are difference those are stored in their own separated adress.
777Jolami
Member
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Activity: 700
Merit: 14
Re: ERC-20 wallet and Bitcoin Address
June 08, 2018, 04:30:04 AM
#26
Quote from: bct9t on June 05, 2018, 02:36:23 PM
Bitcoin address is the address which you use for holding the coin. It is totally dedicated to bitcoin only and cannot be used by other. And ERC-20 wallet is for all alts. You can use it for any one.
Bitcoin address is the address for you to send and receive the BTC, the address of the ERC-20 is the address for you to receive all the coins on the ETH platform (ERC-20). Remember that it is not possible to use a BTC wallet to keep the ERC-20 token and vice versa.
yinoye
Full Member
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Activity: 532
Merit: 101
Re: ERC-20 wallet and Bitcoin Address
June 14, 2018, 11:19:30 PM
#27
Quote from: kayakcrypto9875 on June 01, 2018, 04:37:32 PM
Hello everyone, Whats the difference between Bitcoin Address and ERC-20 Wallet address ?
The question already answers itself. Bitcoin Address is the public key or receiving wallet address of a bitcoin wallet such as exodus while ERC20 address is the receiving address of an ethereum wallet such as myetherwallet, Imtoken, metamask, etc.
deevan
Jr. Member
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Activity: 238
Merit: 7
Re: ERC-20 wallet and Bitcoin Address
June 14, 2018, 11:29:54 PM
#28
If you want to store
BTC
then obviously you need Bitcoin address termed as Bitcoin Public Key which you will give to any individual to receive Bitcoins. Bitcoin is having its own blockchain, you can create legacy address starts from '1' or segwit address starts from '3'. Whereas to receive ERC20 compatible tokens you need Ethereum address, it is also having its own independent blockchain. To create Ethereum address you can use MEW, MetaMask, IMToken or Nano LedgerS.
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