Whatever the ERC-20 token may be, you can be sure that they are accessible via these two wallets.īefore opening an account on either of these two ETH wallets, it is important to note that they are self custody wallets. When it comes to ERC-20 tokens, the recommended wallets are MyEtherWallet (MEW) and MetaMask. If this is the case, it is unlikely that exchange wallet addresses would support such tokens. In most cases, airdropped tokens are obscure digital assets that are yet to list on exchanges. Ensure that your wallet does not only support ERC-20 tokens, but also lists the specific token you intend to receive, especially if you plan on receiving airdrops. It is advisable to research the compatibility of wallets beforehand.
If this describes your current predicament, then you are in the right place.
#Erc20 tokens how to
How to Receive an ERC-20 TokenĬhances are you have found an interesting Ethereum project and you are looking to receive its native ERC-20 token. Users can check recommended gas prices on sites like Eth Gas Station. Peak hours where many users are transacting on the Ethereum blockchain will cause gas fees to inflate. These are transaction fees that users pay to miners to have their transactions included in the blockchain. A major consideration to look out for when sending ERC-20 tokens are gas fees. There are mainly two places you can send your ERC-20 tokens from: a wallet from your centralized exchange (Binance, Coinbase, etc) and a software wallet, also called hot wallet (Metamask, Trust Wallet, etc). Sending ERC-20 tokens is as simple as entering or pasting the recipient's Ethereum wallet address.
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