Best exchanger to convert tokens to ethereum

davinchi

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Quote from: macchiato on November 13, 2017, 05:54:27 AM

I am just a newbie when it comes to joining ICO campaigns and we all know that we earn tokens by joining such. I have read a few discussions about converting tokens to ethereum and a lot says that we need to exchange it but before that, ethereum balance is required.

My question is what are good sites that will provide me smooth exchanging? How much eth balance is required? How long will it take to convert my tokens to eth? And if you are kind enough, I appreciate detailed steps on how to convert tokens to eth. Thank you!

Huuhm… I’m also a novice in that… though it’s not really matter of being novice or knowing how to convert tokens to ETH, the thing there is whether there are such exchangers accepting tokens for ETH. I don’t even think there are such, cause I never heard of them, the only thing I know is that you can convert your bitcoin to an altcoins and also do the same to altcoins, converting them to bitcoin.

iffeanyii

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etherdelta is costly but it is my goto for exchanging of tokens for ether. you can visit https://bharatafinance.com/how-to-use-etherdelta-to-buy-any-erc-coins/ for help

tora

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I have read that etherdelta require your private key. Surely this is not your Mew private key?

cryptician12

newbie

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EtherDelta actually sounds interesting, it being decentralized and giving you the private keys to your own address and all...

If i understood correctly though, their "exchange engine" is actually their smart contract? So each time you submit a trade you would have to pay gas for processing the transaction (the same goes for cancelling and replacing any orders)?

krayzie32

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https://streamies.io/

I usually use Etherdelta exchange. I think it is really good. Have you ever used it yet? If not, Let try.

harizen

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Quote from: macchiato on November 13, 2017, 08:27:10 PM

Sir patrickj, they say I need gas before making transactions in etherdelta. Why? Is it possible to make transactions without ethereum balance?

To do anything on the Ethereum platform, you need to pay for gas so it's a must that you have at least balance on your MEW because your gas (fees) will came from here. In Etherdelta Dex, you don't need to fund your ETH wallet there and just stay your ETH balance right directly at your MEW unless you will buy a tokens there. On the other hand, tokens must be deposit at Etherdelta (needs gas) so that you can able to sold them.

https://ethgasstation.info/

wenxop

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If what you want is to get out of the tokens quickly, a good site would be etherdelta, but if you accumulate a time you could wait for them to be listed in a good exchange and so you would see a little gain if it increases its value

littlebill16

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Quote from: macchiato on November 13, 2017, 05:54:27 AM

I am just a newbie when it comes to joining ICO campaigns and we all know that we earn tokens by joining such. I have read a few discussions about converting tokens to ethereum and a lot says that we need to exchange it but before that, ethereum balance is required.

My question is what are good sites that will provide me smooth exchanging? How much eth balance is required? How long will it take to convert my tokens to eth? And if you are kind enough, I appreciate detailed steps on how to convert tokens to eth. Thank you!

Well given you're talking about ICOs then not all will be listed on any one exchange, all can be unofficially listed on decentralised exchanges such as etherdelta but you may find that you're often selling at a very low price if you sell here. Generally you will just need a little eth, 0.001 or something to cover the gas to send your coins to the exchange of your choice

ajqjjj

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Not your Keys, not your Bitcoin

Quote from: Bunsomjelican on November 16, 2017, 12:33:17 PM

Quote from: macchiato on November 13, 2017, 05:54:27 AM

I am just a newbie when it comes to joining ICO campaigns and we all know that we earn tokens by joining such. I have read a few discussions about converting tokens to ethereum and a lot says that we need to exchange it but before that, ethereum balance is required.

My question is what are good sites that will provide me smooth exchanging? How much eth balance is required? How long will it take to convert my tokens to eth? And if you are kind enough, I appreciate detailed steps on how to convert tokens to eth. Thank you!

Most frequently used exchange usually after the campaign was Hitbtc and Etherdelta, and sometimes Livecoin, coinexchange, then of course it is commonly used wallet also was MEw or know as myetherwallet which is needed 21000 gas gwei for us to do some transactions in terms of transferring the coins going to exchange platform.

etherdelta, bitrex and polenix to exchange the tokens you have with the token supported wallet means you can easily with those sites.
Still if you check the coin in coinmarketcap you will be able to find the site which is available to trade it out.
Don't worry about the gas price buddy still myether consumes very few amount cost in bitcoins.

Bunsomjelican

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Quote from: macchiato on November 13, 2017, 05:54:27 AM

I am just a newbie when it comes to joining ICO campaigns and we all know that we earn tokens by joining such. I have read a few discussions about converting tokens to ethereum and a lot says that we need to exchange it but before that, ethereum balance is required.

My question is what are good sites that will provide me smooth exchanging? How much eth balance is required? How long will it take to convert my tokens to eth? And if you are kind enough, I appreciate detailed steps on how to convert tokens to eth. Thank you!

Most frequently used exchange usually after the campaign was Hitbtc and Etherdelta, and sometimes Livecoin, coinexchange, then of course it is commonly used wallet also was MEw or know as myetherwallet which is needed 21000 gas gwei for us to do some transactions in terms of transferring the coins going to exchange platform.

twobits

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Activity: 574

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Quote from: macchiato on November 13, 2017, 05:54:27 AM

I am just a newbie when it comes to joining ICO campaigns and we all know that we earn tokens by joining such. I have read a few discussions about converting tokens to ethereum and a lot says that we need to exchange it but before that, ethereum balance is required.

My question is what are good sites that will provide me smooth exchanging? How much eth balance is required? How long will it take to convert my tokens to eth? And if you are kind enough, I appreciate detailed steps on how to convert tokens to eth. Thank you!

You just need a little amount of ethereum, as for the new coin and it seems etherdelta is very good choice, but remember that was decentralized exchange site and it is differen with bittrex or another centralized site.
The buy and order was random. If you are dumping your coin and that takes some seconds.

dunfida

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Quote from: Buntel168 on November 16, 2017, 09:58:30 AM

Quote from: macchiato on November 13, 2017, 05:54:27 AM

I am just a newbie when it comes to joining ICO campaigns and we all know that we earn tokens by joining such. I have read a few discussions about converting tokens to ethereum and a lot says that we need to exchange it but before that, ethereum balance is required.

My question is what are good sites that will provide me smooth exchanging? How much eth balance is required? How long will it take to convert my tokens to eth? And if you are kind enough, I appreciate detailed steps on how to convert tokens to eth. Thank you!

I think the best exchange to convert token or altcoin to ethereum is a ethetdelta, is very simple and easy to use, but you can also use Bitrex or HitBtc and this is the best exchange.

I would go for Etherdelta since most erc20 tokens do go or being listed directly on there after launch which I do really observe that the first exchange for it to be listed is ED for sure and theres no doubt on that but the thing here is that if you are a newbie you would really have a confusing experience on the exchange for the first time that's why its really advisable for you to read up instructions because you would possible mess up your coins.

Buntel168

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Quote from: macchiato on November 13, 2017, 05:54:27 AM

I am just a newbie when it comes to joining ICO campaigns and we all know that we earn tokens by joining such. I have read a few discussions about converting tokens to ethereum and a lot says that we need to exchange it but before that, ethereum balance is required.

My question is what are good sites that will provide me smooth exchanging? How much eth balance is required? How long will it take to convert my tokens to eth? And if you are kind enough, I appreciate detailed steps on how to convert tokens to eth. Thank you!

I think the best exchange to convert token or altcoin to ethereum is a ethetdelta, is very simple and easy to use, but you can also use Bitrex or HitBtc and this is the best exchange.

beerlover

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Quote from: macchiato on November 13, 2017, 05:54:27 AM

My question is what are good sites that will provide me smooth exchanging? How much eth balance is required? How long will it take to convert my tokens to eth? And if you are kind enough, I appreciate detailed steps on how to convert tokens to eth. Thank you!

Once the token is listed, the first thing you need to do is to use coinmarketcap to find out the exchanges the token has been listed and then send them there. There is nothing like best exchanger so far in the token market, you just have to find the best option available to do your trade on.

Usually, most of them normally make use of EtherDelta, but I will advise you to find out how it works first so that you can know all you need to do before trying to do anything.

pinoyden

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Quote from: macchiato on November 13, 2017, 08:27:10 PM

Sir patrickj, they say I need gas before making transactions in etherdelta. Why? Is it possible to make transactions without ethereum balance?

you need to have an etherium balance which acts like a gas or transaction fees in the case of bitcoin in order for your transactions to be processed. yet i wont recomend you to use etherdelta because it is buggy and super slow and sometimes it eats your gas unexpectedly if you dont know what your doing. therefore i suggest wait for some time for the tokens/coins to be listed on some better exchanges like hitbtc.

aoihs00

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You don’t really need much of the balance to convert your tokens and stuff like that. Even on my ether wallet 0.001 Ethereum is sufficient for each transaction which is I guess 0.30 cents with the current rate and could be lower than that if you put up more gas limits. Please confirm the gas limits of each tokens given in the description report of each token or even on the website of each token you can seek for the gas limit. Sometimes you need less than 0,001 Ethereum for converting huge amounts of tokens. So try to get exact estimates depending upon these calculations. And yeah as I was speaking MyEtherWallet is the best wallet for your use.

contecsion

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Nowadays Etherum exchange is reasonable because bitcoin is severely congested. I have tried bitcoin trading and are delayed for 2 days yet have not traded yet. You may consider trading with ETH much faster. .

macchiato

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Sir patrickj, they say I need gas before making transactions in etherdelta. Why? Is it possible to make transactions without ethereum balance?

macchiato

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Wow! Thanks for all the replies. I am enlightened now. I have checked etherdelta and saw that the tokens I have earned from the airdrop is still low in price. The dev that launched that airdrop is planning to start an ICO so maybe I'll just wait til it starts. That might increase their token's demand.

patrickj

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Quote from: macchiato on November 13, 2017, 05:54:27 AM

I am just a newbie when it comes to joining ICO campaigns and we all know that we earn tokens by joining such. I have read a few discussions about converting tokens to ethereum and a lot says that we need to exchange it but before that, ethereum balance is required.

My question is what are good sites that will provide me smooth exchanging? How much eth balance is required? How long will it take to convert my tokens to eth? And if you are kind enough, I appreciate detailed steps on how to convert tokens to eth. Thank you!

What do you mean by ethereum balance?
I only trading my tokens in ED because most of finished ICO is first list at ED but the interface of it is very slow. If you want to dump your earned tokens after ICO finished it requires less amount so you can place an order in ED. Converting it depends in the volume of buy and sell if the tokens has huge buyers and sellers like in bitcoin it can be easily done in seconds.

Topic: Best exchanger to convert tokens to ethereum (Read 772 times)