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Topic: ERC-20 wallet and Bitcoin Address (Read 234 times)

jr. member
Activity: 238
Merit: 7
June 14, 2018, 06:29:54 PM
#28
If you want to store BTC then obviously you need Bitcoin address termed as Bitcoin Public Key which you will give to any individual to receive Bitcoins. Bitcoin is having its own blockchain, you can create legacy address starts from '1' or segwit address starts from '3'. Whereas to receive ERC20 compatible tokens you need Ethereum address, it is also having its own independent blockchain. To create Ethereum address you can use MEW, MetaMask, IMToken or Nano LedgerS.
full member
Activity: 532
Merit: 101
June 14, 2018, 06:19:30 PM
#27
Hello everyone, Whats the difference between Bitcoin Address and ERC-20 Wallet address ?

The question already answers itself. Bitcoin Address is the public key or receiving wallet address of a bitcoin wallet such as exodus while ERC20 address is the receiving address of an ethereum wallet such as myetherwallet, Imtoken, metamask, etc.
member
Activity: 700
Merit: 14
June 07, 2018, 11:30:04 PM
#26
Bitcoin address is the address which you use for holding the coin. It is totally dedicated to bitcoin only and cannot be used by other. And ERC-20 wallet is for all alts. You can use it for any one.
Bitcoin address is the address for you to send and receive the BTC, the address of the ERC-20 is the address for you to receive all the coins on the ETH platform (ERC-20). Remember that it is not possible to use a BTC wallet to keep the ERC-20 token and vice versa.
newbie
Activity: 294
Merit: 0
June 07, 2018, 11:26:44 PM
#25
Bitcoin is used for bitcoin. You can not hold altcoins here. Ethereum is for ERC-20 and others ERC20- based on crypto. Ethereum's blockchain and bitcoins are difference those are stored in their own separated adress. Roll Eyes
newbie
Activity: 182
Merit: 0
June 06, 2018, 10:59:25 PM
#24
Bitcoin address is a thing by which people hold their bitcoin and it is a inhabitant of bitcoin blockchain. On the other hand in ERC-20 wallet is a place where you can hold not only ethereum but also other coins.
newbie
Activity: 280
Merit: 0
June 05, 2018, 09:36:23 AM
#23
Bitcoin address is the address which you use for holding the coin. It is totally dedicated to bitcoin only and cannot be used by other. And ERC-20 wallet is for all alts. You can use it for any one.
jr. member
Activity: 112
Merit: 1
June 04, 2018, 01:11:57 PM
#22
The wallet ERC-20 is a wallet linked to ETH is the one we usually use to receive the tokens we earn in the Bounty Campaigns. Both belong to different Blockchain systems and have their limitations between them. For example, you can not send BTC to an ERC-20 wallet
jr. member
Activity: 126
Merit: 1
June 04, 2018, 01:04:22 PM
#21
Bitcoin store is only for bitcoin and ERC-20 is for the ERC-20 supported cryptocurrencies.
newbie
Activity: 266
Merit: 0
June 04, 2018, 12:27:58 PM
#20
Bitcoin adrees is generally used for bitcoin.and ERC-20 is used for ethereum. To get elaborate discussion we can search various websites in google.
newbie
Activity: 140
Merit: 0
June 04, 2018, 09:17:21 AM
#19
These are completely different blockcain. Bitcoin is the first blockchain. Efirium is primarily a smart contract. On the basis of the Etherium, most of the ICO is conducted.
member
Activity: 795
Merit: 10
June 04, 2018, 09:10:35 AM
#18
Hello everyone, Whats the difference between Bitcoin Address and ERC-20 Wallet address ?
Bitcoin address is a chain on it is own a coin that is not developed under bitcoin chain can't be sent to bitcoin address while Erc20 wallet is an ethereum wallet where tokens developed on ethereum smart contract can be kept.
sr. member
Activity: 1063
Merit: 253
Sovryn - Brings DeFi to Bitcoin
June 04, 2018, 08:52:41 AM
#17
Hello everyone, Whats the difference between Bitcoin Address and ERC-20 Wallet address ?
ERC20 wallet address can be considered as ethereum wallet too that build on the different algo, you can't store your bitcoin on the erc20 wallet address and other wise you can't store your erc20 token on the bitcoin wallet address. that has been building on the different platform.
member
Activity: 364
Merit: 10
June 04, 2018, 08:46:47 AM
#16
ERC-20 wallet can store all ERC-20 compatible tokens but bitcoin wallet can store only bitcoin.   
sr. member
Activity: 658
Merit: 250
June 04, 2018, 08:33:21 AM
#15
The difference between the two is based on the difference in their blockchain. Bitcoin address is used to store bitcoin alone and no other coin can be store in it while the ERC-20 wallet is used to store ethereum token and other related ERC-20 coin.
full member
Activity: 308
Merit: 100
June 04, 2018, 08:25:53 AM
#14
Hello everyone, Whats the difference between Bitcoin Address and ERC-20 Wallet address ?
The difference is they both addresses from different blockchains, bitcoin address is of course used to receive bitcoins and it only works with bitcoin blockchain. While erc20 address or ethereum address is used for receiving ethereum based tokens or ether, the coin used in ethereum platform. And there is no connection between both because they are from two different coin.
newbie
Activity: 364
Merit: 0
June 04, 2018, 07:39:03 AM
#13
Bitcoin address is used for holding bitcoin and in the other hand erc-20 is used in etherum as they dont have their own blockchain.It used ethereum's blockchain.
member
Activity: 756
Merit: 13
DIFX - Digital Finacial Exchange
June 02, 2018, 03:40:24 PM
#12
Bitcoin has its own blockchain and hence its own wallet and the unique address, similarly, ERC-20 tokens are the tokens based on Ethereum network and eth has its own blockchain with unique wallet addresses, i hope you will have understood the difference now.
full member
Activity: 686
Merit: 102
June 02, 2018, 03:39:58 PM
#11
The difference is that you can send only BTC on bitcoin address, as for ERC-20 wallet,you can send and receive not only ETH, but also erc-20 tokens.
 Personally I don't use bitcoin, ETh for me is far convenient
full member
Activity: 322
Merit: 100
Deal Coin - P2P Lending Eco-system
June 02, 2018, 03:37:19 PM
#10
Hello everyone, Whats the difference between Bitcoin Address and ERC-20 Wallet address ?
The answer is in your question. Bitcoin address is the address for Bitcoin only, but here ERC-20 is the wallet for the ethereum and its tokens
newbie
Activity: 336
Merit: 0
June 02, 2018, 03:31:36 PM
#9
To hold the bitcoin, investors need to have bitcoin address and it is local to a bitcoin blockchain. At the same, Etherium has its own set of blockchain technology and address to hold Etherium. Moreover Etherium is not coin but a token. In the Etherium platform you can hold all ERC 20 token not only Etherium nut in the bitcoin address you can just hold bitcoin.
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