Proof of Keys Event for a Beginner?

[very_452001]

Is there any wallets that could hold different coins in different platforms? We know that there are many coins now being launched in the market and that includes the ERC20 tokens, bitcoin platform and other strong block chain technology. If there are wallets that hold coins in different platforms then that would do better. For now, only exchanges are operating that hold different wallets for exchange.

Indeed, that's one of the snags that encourages people to keep funds on exchanges -- the inconvenience of maintaining different altcoin wallets.

All your Ethereum-based assets like ETH and ERC-20 tokens can all be held in a single Ethereum wallet like MEW or Mist. Other altcoins are more cumbersome and usually require their own wallets.

There are some multi-coin wallets like Coinomi, Jaxx, and Exodus that support a wide variety of coins. These are closed-source wallets with questionable security, so I can't wholeheartedly recommend them, but they are still probably a better option than trusting exchanges to secure all your coins.

When it comes to security is coinomi better than jaxx or exodus?

Ok is there anything better than coinomi?

Ledger Nano S you already have. If you need to manage your coin, you can use Ledger Live or Electrum.

Ledger nano s supports 5 coins only?

No, what i meant are :
1. Ledger Nano S support many cryptocurrency, you can check it at : https://shop.ledger.com/pages/supported-crypto-assets
2. You only can use 5 application (1 application may support more than 1 coins) at same time. So you can't plug your Ledger Nano S and manage 1000+ coins without repeating install and uninstall application cycle.

Ok I can see from the link ledger nano s supports over a 1000 coins but I can have 5 installed on the device at a time?

What about the ledger live app/software? Can I use this as like a software wallet so I can have like for example 5 coins on the ledger nano hardware itself and 50 types of coins on the ledger live software app or is it strictly only 5 coins on hardware only?

Ok If i install the ethereum app on my ledger nano s hardware device then I can have many different types of ERC-20 tokens under this ethereum app?

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[bitmover]

When it comes to security is coinomi better than jaxx or exodus?

I use coinomi for years. I think it's a good wallet that you can use for free. It is closed source and it is a problem, but you can keep small amounts of money there.
Ledger nano is a much better option on the other hand. Anyway, it is also closed source, but very realiable.

Ok I can see from the link ledger nano s supports over a 1000 coins but I can have 5 installed on the device at a time?

What about the ledger live app/software? Can I use this as like a software wallet so I can have like for example 5 coins on the ledger nano hardware itself and 50 types of coins on the ledger live software app or is it strictly only 5 coins on hardware only?

Ok If i install the ethereum app on my ledger nano s hardware device then I can have many different types of ERC-20 tokens under this ethereum app?

You can install and uninstall very easily any coin at any time. It takes a few seconds only.
Ledger live app is a good software and it will show all your balances and addresses of all coins you have, installed or not. To move the coins, the app of that coin must be installed on the device. So you don't need to install, just to move the coins

And yes, you can use ethereum app or MEW to manage your erc20 tokens from the ledger.

[very_452001]

When it comes to security is coinomi better than jaxx or exodus?

I use coinomi for years. I think it's a good wallet that you can use for free. It is closed source and it is a problem, but you can keep small amounts of money there.
Ledger nano is a much better option on the other hand. Anyway, it is also closed source, but very realiable.

Ok I can see from the link ledger nano s supports over a 1000 coins but I can have 5 installed on the device at a time?

What about the ledger live app/software? Can I use this as like a software wallet so I can have like for example 5 coins on the ledger nano hardware itself and 50 types of coins on the ledger live software app or is it strictly only 5 coins on hardware only?

Ok If i install the ethereum app on my ledger nano s hardware device then I can have many different types of ERC-20 tokens under this ethereum app?

You can install and uninstall very easily any coin at any time. It takes a few seconds only.
Ledger live app is a good software and it will show all your balances and addresses of all coins you have, installed or not. To move the coins, the app of that coin must be installed on the device. So you don't need to install, just to move the coins

And yes, you can use ethereum app or MEW to manage your erc20 tokens from the ledger.

Ok instead of moving what about sending coins to its addresses on the ledger live app and if I want to withdraw coins from ledger I need the app installed on the nano s device right?

How many erc-20 tokens can I store under MEW or ethereum on the nano s?

[bitmover]

How many erc-20 tokens can I store under MEW or ethereum on the nano s?

Unlimited.

Tokens are not coins, and no matter how many ERC-20 tokens you have, you only need one Ledger Nano app (ethereum).

So, if you have 30 ERC-20 tokens and bitcoin, you only need 2 app installed on ledger: Bitcoin app and ethereum app.

[very_452001]

How many erc-20 tokens can I store under MEW or ethereum on the nano s?

Unlimited.

Tokens are not coins, and no matter how many ERC-20 tokens you have, you only need one Ledger Nano app (ethereum).

So, if you have 30 ERC-20 tokens and bitcoin, you only need 2 app installed on ledger: Bitcoin app and ethereum app.

Ok how do I send different types of ERC-20 tokens under the ethereum app installed on my nano s?

[bitmover]

Ok how do I send different types of ERC-20 tokens under the ethereum app installed on my nano s?

Just Go to MEW myetherwallet.com/
Click on hardware wallet option.
Open your ethereum app on ledger device.

Click on the coins you want, and send them. Using web browser on mew.

[okala]

How does this person withdraw all of the 25 cryptos balances for the sake of proof of keys? Is there a easier convenient way to do this inconvenient task?

Also does every crypto has its own wallet to accomplish the above task? If so the person has to download 25 different wallets which is another inconvenience and hassle. Is there a user friendly way?

Well it depends on which blockchain your 25 tokens are located, if their are erc20 tokens then it will be OK to store them in one wallet that support them because most of the token are erc20 base so you don't necessarily need multiple wallet for your token and can carry out you transactions from there.

[very_452001]

Ok on coinmarketcap how do i find out whether an altcoin is a erc-20 token?

[bitmover]

Ok on coinmarketcap how do i find out whether an altcoin is a erc-20 token?

They will be market with an orange tag writeen "token"

You can see all of them here
https://coinmarketcap.com/tokens/

Note that some of those tokens are EOS or NEO tokens. But most of them are erc20

[o_e_l_e_o]

Ok on coinmarketcap how do i find out whether an altcoin is a erc-20 token?

After you click on a crypto, at the bottom of the list of things like "Website", "Explorer" "Source Code" and so on, there is a tag as to whether that crypto is a coin or a token. However if it is a token, it doesn't tell you which chain the token is based on, so you don't know if it is ERC-20 or not.

Probably the easiest way to find out for sure is to search the Etherscan database here: https://etherscan.io/tokens

[very_452001]

Ok on coinmarketcap how do i find out whether an altcoin is a erc-20 token?

After you click on a crypto, at the bottom of the list of things like "Website", "Explorer" "Source Code" and so on, there is a tag as to whether that crypto is a coin or a token. However if it is a token, it doesn't tell you which chain the token is based on, so you don't know if it is ERC-20 or not.

Probably the easiest way to find out for sure is to search the Etherscan database here: https://etherscan.io/tokens

Ok just to confirm everything on that that etherscan database site is erc-20?

[o_e_l_e_o]

Ok just to confirm everything on that that etherscan database site is erc-20?

No. Although the vast majority are ERC20, some tokens run on the other Ethereum protocols, ERC223 or ERC721. If you search for the token you are interested in, it tells you at the top (beside the word "Overview") what kind of token it is. For example, BNB says ERC20, while Cryptokitties says ERC721.

[very_452001]

Please help its confusing :

Let's give a example of Stakenet (XSN):

On here it says its a ERC-20 token: https://etherscan.io/token/0x2ec790bfe8ff91d89b9fe3d360b6c9e414577a4b

But on Coinmarketcap it says its a coin: https://coinmarketcap.com/currencies/stakenet/?utm_medium=widget&utm_campaign=cmcwidget&utm_source=&utm_content=stakenet

Is it a coin or token and how does one make sure before sending to addresses?

[o_e_l_e_o]

Is it a coin or token

Apparently both...?

I have never heard of this project, given that it is tiny and has next to no volume. However, it seems to have existed for at least a year and have its own blockchain as per their website, specifically: https://stakenet.io/faq/#why_are_there_many_cryptocurrencies_what_is_the_difference_between_a_coin_and_a_token

However, it also seems that about a month ago an ERC-20 token by the same name was launched. I can't find anything about the ERC-20 token online, whether it is linked to the coin of the same name, whether it is a scam masquerading as a known project, or what.

So to answer your question, pick a larger and more reputable project, haha.

[DdmrDdmr]

<…>

Stakenet XSN is a Coin. If you follow the info on CoinmarketCap on the left, you’ll be taken to the original website and Bitcointalk Ann thread.

The entry on Ethescan on the other hand points to what looks like a bogus ERC-20 token created on the 23/04/2019, which has just a couple of token holder addresses and TXs. The reputation on Etherscan states ‘Unknown’, which is the default value for any created ERC-20 token  there (see the little icons shown in the "profile summary" area). It bears no official site link, no social media channels and no market value.    

[very_452001]

Is it a coin or token

Apparently both...?

I have never heard of this project, given that it is tiny and has next to no volume. However, it seems to have existed for at least a year and have its own blockchain as per their website, specifically: https://stakenet.io/faq/#why_are_there_many_cryptocurrencies_what_is_the_difference_between_a_coin_and_a_token

However, it also seems that about a month ago an ERC-20 token by the same name was launched. I can't find anything about the ERC-20 token online, whether it is linked to the coin of the same name, whether it is a scam masquerading as a known project, or what.

So to answer your question, pick a larger and more reputable project, haha.

Is it possible to be both though?

<…>

Stakenet XSN is a Coin. If you follow the info on CoinmarketCap on the left, you’ll be taken to the original website and Bitcointalk Ann thread.

The entry on Ethescan on the other hand points to what looks like a bogus ERC-20 token created on the 23/04/2019, which has just a couple of token holder addresses and TXs. The reputation on Etherscan states ‘Unknown’, which is the default value for any created ERC-20 token  there (see the little icons shown in the "profile summary" area). It bears no official site link, no social media channels and no market value.    

Ok the Etherscan site is complicated because when i type in a altcoin in the search box on that site I get like 10 results for the same coin and don't know which one is official. How do i know which one from the results is official or shall i stick to coinmarketcap to find out whether its a coin or token but coinmarketcap doesn't say which type of erc it is.

[moderator's note: consecutive posts merged]

[o_e_l_e_o]

Is it possible to be both though?

Technically yes I suppose, it is possible for a project to have both a coin and a token, although I don't know of any project which does this. It isn't possible, however, for a crypto to be both a coin and a token, and the coin and token would not be interchangeable. There are some projects which start out as an ERC-20 token and then transition to their own coin once they are further along in their development/business, but the two do not run simultaneously.

Ok the Etherscan site is complicated because when i type in a altcoin in the search box on that site I get like 10 results for the same coin and don't know which one is official.

That's because anyone can use any name to launch a new token, so many scammers create tokens with the same name as existing tokens in an attempt to fool people. The real token should have a blue tick next to its name in the drop down search box.

[very_452001]

Ok there's 4 altcoins that I need help clarifying on whether they are erc-20 tokens or coins?:

- Apex (cpx)
- Bela (bela)
- Maidsafecoin (maid)
Coinmarketcap say these are tokens but cant see blue ticks in the etherscan site for these.

- Quantum resistant ledger (qrl)
coinmartketcap says this is a coin but showing as a erc-20 blue tick on the etherscan site.

 

[o_e_l_e_o]

Ok there's 4 altcoins that I need help clarifying on whether they are erc-20 tokens or coins?:

- Apex (cpx)
- Bela (bela)
- Maidsafecoin (maid)
Coinmarketcap say these are tokens but cant see blue ticks in the etherscan site for these.

- Quantum resistant ledger (qrl)
coinmartketcap says this is a coin but showing as a erc-20 blue tick on the etherscan site.

 

I have no familiarity with any of these coins, so take what follows with an appropriately sized grain of salt. It is based on 10 minutes of looking in to these projects for the first time.

Apex (CPX) - https://coinmarketcap.com/currencies/apex/. This seems to be a token on the NEO blockchain. You can find this information by clicking on "Explorer" on the coinmarketcap page, which will lead you here: https://neotracker.io/asset/45d493a6f73fa5f404244a5fb8472fc014ca5885

Bela (BELA) - https://coinmarketcap.com/currencies/belacoin/. This seems to be an ERC-20 token. Again, follow the "Explorer" link to go here: https://etherscan.io/token/0x2e98a6804e4b6c832ed0ca876a943abd3400b224. It maybe doesn't have a blue tick because it is such a small coin that it is yet to be verified by Etherscan, I'm not sure.

MaidSafeCoin (MAID) - https://coinmarketcap.com/currencies/maidsafecoin/. This appears to be a token for their own network, entitled SAFE. Read more about this here: https://safenetwork.tech/

Quantum Resistant Ledger (QRL) - https://coinmarketcap.com/currencies/quantum-resistant-ledger/. This is currently a coin, but used to be an ERC-20 token. As I stated above, some projects start out as a token to allow them to cheaply raise funds, and then later transition to their own blockchain. It seems that this is what has happened in the case of QRL. More info here: https://docs.theqrl.org/tokenmigration/guide/.

[very_452001]

Ok there's 4 altcoins that I need help clarifying on whether they are erc-20 tokens or coins?:

- Apex (cpx)
- Bela (bela)
- Maidsafecoin (maid)
Coinmarketcap say these are tokens but cant see blue ticks in the etherscan site for these.

- Quantum resistant ledger (qrl)
coinmartketcap says this is a coin but showing as a erc-20 blue tick on the etherscan site.

 

I have no familiarity with any of these coins, so take what follows with an appropriately sized grain of salt. It is based on 10 minutes of looking in to these projects for the first time.

Apex (CPX) - https://coinmarketcap.com/currencies/apex/. This seems to be a token on the NEO blockchain. You can find this information by clicking on "Explorer" on the coinmarketcap page, which will lead you here: https://neotracker.io/asset/45d493a6f73fa5f404244a5fb8472fc014ca5885

Bela (BELA) - https://coinmarketcap.com/currencies/belacoin/. This seems to be an ERC-20 token. Again, follow the "Explorer" link to go here: https://etherscan.io/token/0x2e98a6804e4b6c832ed0ca876a943abd3400b224. It maybe doesn't have a blue tick because it is such a small coin that it is yet to be verified by Etherscan, I'm not sure.

MaidSafeCoin (MAID) - https://coinmarketcap.com/currencies/maidsafecoin/. This appears to be a token for their own network, entitled SAFE. Read more about this here: https://safenetwork.tech/

Quantum Resistant Ledger (QRL) - https://coinmarketcap.com/currencies/quantum-resistant-ledger/. This is currently a coin, but used to be an ERC-20 token. As I stated above, some projects start out as a token to allow them to cheaply raise funds, and then later transition to their own blockchain. It seems that this is what has happened in the case of QRL. More info here: https://docs.theqrl.org/tokenmigration/guide/.

Ok great thanks.

Ok how do I send different types of ERC-20 tokens under the ethereum app installed on my nano s?

Just Go to MEW myetherwallet.com/
Click on hardware wallet option.
Open your ethereum app on ledger device.

Click on the coins you want, and send them. Using web browser on mew.

Hi is there like a video tutorial on how to use MEW with ledger nano s?

Becausing im using a web browser will it be secure to use or am I required to download the fido u2f app on nano s for 2fa security when visiting these sites?

[moderator's note: consecutive posts merged]