I am trying to move 1 ETH from an exchange to my Coinbase wallet. The current exchange shows the following warning :
"Withdrawal to Smart Contract Addresses will not be processed"
Does Coinbase use "Smart Contract Addresses" for their wallets ? Any idea ?
For some reason, I am not getting support from Coinbase itself.....
"Withdrawal to Smart Contract Addresses will not be processed"
Does Coinbase use "Smart Contract Addresses" for their wallets ? Any idea ?
For some reason, I am not getting support from Coinbase itself.....
No.
Ethereum wallets of Coinbase are not Smart Contract Wallets, so you can safely send your Ethereum in Coinbase and store them as such.
But keep in mind, you don't own the addresses and they can only be used for depositing in your account. They also won't be able to receive tokens. They won't be used as your sending address and you'll never own the key for any of the wallets.
Thank you for the quick response.
"you don't own the addresses and they can only be used for depositing in your account. They won't be used as your sending address and you'll never own the key for any of the wallets."
--> OK. I suppose what you are implying is that, I could also store them in a hard/soft wallet that I own ?
"They also won't be able to receive tokens"
--> This confused me.
What does this mean ? 