Best exchanger to convert tokens to ethereum - page 2.

k@suy

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Quote from: 13abyknight on November 13, 2017, 10:25:30 AM

Its better off to look for lower tier exchanges like Etherdelta, Mercatox, Cryptopia etc. when it comes to exchanging ERC-20 or any other Ethereum based tokens. These exchanges usually have low fees and a pretty decent trade volume on each token so trading for profit would be feasible. Keep in mind not to get swayed away by pump and dump coins which would be the worst case scenario as a beginner heading out to the trading world.

I agree mostly with Etherdelta, because etherdelat its a decentralized exchange that paired only to ethereum and no other else like bitcoin and some others. Though it is very technical and expensive too, since every transaction pass thought the ethchain, and you need gas, but its the most fastest way to convert your token to ETH.

zarados

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Its not depends on the exchange you use. But a demand of its tokens that could make it be able to be converted in any altcoin you want, so please becareful while choosing the tokens you want to invest.

Dontme

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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 sending ethereum will require you to send some gas. If you want sine smooth exchanging hitbtc is the beat for me. Those questions that you have all of them has fees.

harizen

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Your first question have now being answered so hopefully understand. Moving forward....

Quote from: macchiato on November 13, 2017, 08:54:05 AM

What exactly should I do with my tokens? Should I sell it? I am so sorry for asking such a noob question. I'm just new to this kind of thing and is still learning. Thanks for answering!

It's all depend on you. Sometimes there are tokens that are piece of shit but some can give you a decent profit especially it was hyped.

When it will be hyped? That's the thing you need to watch out as no one knows. Now to minimize those difficulties at least, try to spend time checking updates at their ANN thread where you got your tokens or try to watch their price movement directly in the exchange. In most of the cases, their hype only happened for few times and after that some tokens became dead.

dead_m92

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etherdelta is the best exchange in where you can exchange some of those tokens, but keep in mind that it is going to be a little bit difficult because most of those exchanges are not accepting tokens from bounties, ico's, and all of that garbage.
So be careful, it might be difficult to find one of those exchanges that were accepting all of those crap coins.
I remember those days in where Novaexchange was accepting all those coins, what a wonderful time, it was incredible because all those tokens could be dropped in there just in a few minutes.

hovrah

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Quote from: ifyousmell on November 13, 2017, 12:11:11 PM

ether delta is decentralized I think, it is convenient also, with very small fees

The fact is that at OVIR Delta recently there are some problems and certain regions on this exchanger access is closed. Basically, the ether of Delta is good in that almost all the markers of coins on the etherium platform are present on it. I think that the price category is comparable with other outstanding trade exchanges.

ifyousmell

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ether delta is decentralized I think, it is convenient also, with very small fees

ukboss

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If you want to search a best exchanger to convert your tokens we suggest you use etherdelta because most of the token at first came in to etherdelta platform so must check out with etherdelta or you can you coinexchenger it is one of the best one to convert eth.

thesmallgod

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before you convert token to eth first you need to know which exchanger the token you are holding is listed. many ico token are first listed on exchange platform like etherdelta. if you are to use etherdelta then you need to import you MEW into etherdelta you are require to have at least 0.002eth on your wallet. this will be use to pay for gas price when making transaction on etherdelta. ones you import your wallet you can select your token from the token menu then enter amount of token you want to deposit on etherdelta. then click on any sell order, proceed by inputing the amount of token you want to sell and click ok

Mayowa000

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Interesting piece, Ive Been Waiting to See Where This heads to

webtricks

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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!

The best selection to what you looking for is EtherDelta. All you need to have is some ETH on your Ethereum address with tokens, possibly 0.05-0.1 to cover GAS fees. Next is to create address on Etherdelta. Unlike other centralized exchanges, ED gives you private key of your created address which means it's 100% safe. You need to send tokens from MEW address to ED address, that's it. Now you can easily sell token on ED for Ethereum and withdraw ETH back to anywhere you like.

Mahanton

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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!

Come to think off that most bounty campaigns now are using or making erc20 based tokens which means it would commonly go to those exchangers who do have the most erc20 tokens been trade off or the common place on where it do being listed easily which is on Etherdelta and regarding on the ETH balance you would really need that come to think off that every transaction do really need a gas to push such transfer.

13abyknight

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Its better off to look for lower tier exchanges like Etherdelta, Mercatox, Cryptopia etc. when it comes to exchanging ERC-20 or any other Ethereum based tokens. These exchanges usually have low fees and a pretty decent trade volume on each token so trading for profit would be feasible. Keep in mind not to get swayed away by pump and dump coins which would be the worst case scenario as a beginner heading out to the trading world.

hastag_80

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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!

Mostly ICO project used Hitsbtc exchanger to convert token to ethereum or mostly if we joined of some airdrop we must used etherdelta to convert our tokens to coins,this two platforms sites mostly used the bitcoiner in our country in terms of trading and mining operation.

haroldtee

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Quote from: macchiato on November 13, 2017, 08:52:08 AM

Quote from: LeGaulois on November 13, 2017, 07:19:39 AM

Not all exchanges are using tokens it's up to you to follow the development of the ICO and to see where it is listed (which exchange to use to trade it). You can use coinmarketcap to save some time but again it's up to you to follow the project that you are taking interest in, and not just grab the free money.

There isn't much minimum to trade but of course, don't waste your time if it worth $0.000001. Regarding how long will it take to convert tokens to ETH it depends on the demand and the volume traded in the exchange.
There is no need for a detailed step by step. Just send your tokens to the exchange then trade it to BTC, ETH or whatever and that's it.

The developer actually gave us a link. The token is in etherdelta. The token is still quite new and is still infamous. I got the token from an airdrop and I am currently joining an different ICO campaign. I asked this to know what to do with the tokens I am about to earn at the end of the ICO. Still learning things about trading and exchanging. If the token is still low in demand, does that mean it will take long before i can convert it?

Most airdrop tokens usually gets dumped once it is listed on exchange and not just airdrop tokens but most of them. If it is a project you believe in, you can hold. Pretty much, you can just convert to ETH quickly when the value is still high and buy some back when it has been fully dumped enough to hold for long and also make some profit at the same time (that is if you believe in the project's success in the long run).

Since you said, the token was listed on etherdelta, I will advise you go through this thread and quickly read through all you need to know about Etherdelta. https://bitcointalksearch.org/topic/etherdelta-decentralized-token-exchange-2018051 There are some tutorials listed there which can get you going pretty fast. You should also note that it is a decentralized exchange and you will need to make use of your private key in logging in, so I will always be very careful I am entering directly on EtherDelta and not a phishing website cloned as EtherDelta.

macchiato

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What exactly should I do with my tokens? Should I sell it? I am so sorry for asking such a noob question. I'm just new to this kind of thing and is still learning. Thanks for answering!

macchiato

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Quote from: LeGaulois on November 13, 2017, 07:19:39 AM

Not all exchanges are using tokens it's up to you to follow the development of the ICO and to see where it is listed (which exchange to use to trade it). You can use coinmarketcap to save some time but again it's up to you to follow the project that you are taking interest in, and not just grab the free money.

There isn't much minimum to trade but of course, don't waste your time if it worth $0.000001. Regarding how long will it take to convert tokens to ETH it depends on the demand and the volume traded in the exchange.
There is no need for a detailed step by step. Just send your tokens to the exchange then trade it to BTC, ETH or whatever and that's it.

The developer actually gave us a link. The token is in etherdelta. The token is still quite new and is still infamous. I got the token from an airdrop and I am currently joining an different ICO campaign. I asked this to know what to do with the tokens I am about to earn at the end of the ICO. Still learning things about trading and exchanging. If the token is still low in demand, does that mean it will take long before i can convert it?

h0lybyte

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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!

Sending ethereum will require you to have the balance equivalent to 21000 gas and if measured in eth, it should be exactly 0.001 eth in your account to initiate a transaction.
The gas in ethereum network works as network fee just like we pay in bitcoin. Gas is the infernal currency of ethereum network and is converted internally to eth.
You should maintain atleast 0.001 eth in your account for single transaction. More balance woulf be needed to process more transactions.

LeGaulois

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Not all exchanges are using tokens it's up to you to follow the development of the ICO and to see where it is listed (which exchange to use to trade it). You can use coinmarketcap to save some time but again it's up to you to follow the project that you are taking interest in, and not just grab the free money.

There isn't much minimum to trade but of course, don't waste your time if it worth $0.000001. Regarding how long will it take to convert tokens to ETH it depends on the demand and the volume traded in the exchange.
There is no need for a detailed step by step. Just send your tokens to the exchange then trade it to BTC, ETH or whatever and that's it.

macchiato

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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!

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