Topic: How do you use a altcoin wallet? (Read 73 times)
there is still no 1 perfect solution ready
Wallet depend on which coin ,you are going to store. If the coin based Etherum that means you can use MyEtherWallet.
Some coins have there own wallets.In that case we have to use that particular wallets.
Exchanges, we can use as wallets as short term storage method but there is a risk storing coin on exchanges.
Before sending any coin to any wallet,please do study about compatibly of that wallet.
Some coins have there own wallets.In that case we have to use that particular wallets.
Exchanges, we can use as wallets as short term storage method but there is a risk storing coin on exchanges.
Before sending any coin to any wallet,please do study about compatibly of that wallet.
Thank you for that explanation.. I eventually came to the conclusion that you send to a wallet and then send it back to another exchange if you prefer to do that when trading. It's coming together now.
The thing I like about wallets is that it's easy to see the progress (or digression) of your investments.
Thanks for the explanation
The thing I like about wallets is that it's easy to see the progress (or digression) of your investments.
Thanks for the explanation
How to Use Bitcoin Wallet
To use Bitcoin wallet or other cryptocoin is quite easy kok buddy. If you want to send Bitcoin or other cryptocoin just choose the Withdraw option, and to receive Bitcoin or other cryptocoin you just choose the option Deposit and search the address of your wallet. This code is unique and will not be the same as other users. And this code will also be different for each type of coin. For example:
"1EWMUScYJAAwbmDFXSs3VC6gzNHta8UyLG" - Address Code / Address Bitcoin Wallet
"DHqmtbceDWqdqyKkkp3f6PsbtJq5PmMYjJ" - Address Code / Address Dogecoin Wallet
Very easy is not it ?. And of course here we have to keep our wallet or wallet account from irresponsible people just like our wallet pockets pockets. First for information about Bitcoin wallet and other cryptocoin this time. May be useful.
To use Bitcoin wallet or other cryptocoin is quite easy kok buddy. If you want to send Bitcoin or other cryptocoin just choose the Withdraw option, and to receive Bitcoin or other cryptocoin you just choose the option Deposit and search the address of your wallet. This code is unique and will not be the same as other users. And this code will also be different for each type of coin. For example:
"1EWMUScYJAAwbmDFXSs3VC6gzNHta8UyLG" - Address Code / Address Bitcoin Wallet
"DHqmtbceDWqdqyKkkp3f6PsbtJq5PmMYjJ" - Address Code / Address Dogecoin Wallet
Very easy is not it ?. And of course here we have to keep our wallet or wallet account from irresponsible people just like our wallet pockets pockets. First for information about Bitcoin wallet and other cryptocoin this time. May be useful.
Try to understand my perspective. I am on Independent Reserve.
I make a 'Market Buy' for Bitcoin (for example), using AUD.
This market buy is probably recorded on the Independent reserve website so I can see it when I log in (haven't done it yet so I'm not sure).
Where does the wallet come into this.. Does the Independent Reserve website say, 'tell us where your wallet is and we'll send a record of the bitcoin you bought there' ? So.. going forward I can look in my wallet and see my holdings... How does this work?
See what I mean, I'm drawing a blank on a fundamental point here!
ahI make a 'Market Buy' for Bitcoin (for example), using AUD.
This market buy is probably recorded on the Independent reserve website so I can see it when I log in (haven't done it yet so I'm not sure).
Where does the wallet come into this.. Does the Independent Reserve website say, 'tell us where your wallet is and we'll send a record of the bitcoin you bought there' ? So.. going forward I can look in my wallet and see my holdings... How does this work?
See what I mean, I'm drawing a blank on a fundamental point here!
in general you are always sending funds from a wallet (hardware or online, for example on myeitherwallet or in exodus there's always "send" button) to a certain adress. In crypto you ARE the bank.
you DO NOT copy PRIVATE KEY from an exchange, you DO copy ADRESS from an exchange, and then put it to "send to...." in your wallet.
And remember, NEVER EVER give or enter your private key from a wallet. I knew it from the start and still was scammed just yesterday for example.
It all depends on which coin. Monero for example as it's own wallet. Any other erc-20 tokens (based on ethereum) could be used with MyEtherWallet.
it is token based, so do your research before sending any coin to different wallets.
it is token based, so do your research before sending any coin to different wallets.
Brother, you couldn't be more vague! I appreciate that you answered me but I'm sure allot of people out there could benefit from this question.
At what point do I make the link between my 'Market Buy' of say Ether (bought on Independent Reserve or any other exchange) and my wallet?
Do you send it there from the exchange you are using?
Do you make a request from your chosen wallet?
Do you copy the private key from your exchange and then past it into the wallet?
Maybe it is sent like an email?
It's a point I'm really lost on!
It all depends on which coin. Monero for example as it's own wallet. Any other erc-20 tokens (based on ethereum) could be used with MyEtherWallet.
it is token based, so do your research before sending any coin to different wallets.
it is token based, so do your research before sending any coin to different wallets.
Try to understand my perspective. I am on Independent Reserve.
I make a 'Market Buy' for Bitcoin (for example), using AUD.
This market buy is probably recorded on the Independent reserve website so I can see it when I log in (haven't done it yet so I'm not sure).
Where does the wallet come into this.. Does the Independent Reserve website say, 'tell us where your wallet is and we'll send a record of the bitcoin you bought there' ? So.. going forward I can look in my wallet and see my holdings... How does this work?
See what I mean, I'm drawing a blank on a fundamental point here!
I make a 'Market Buy' for Bitcoin (for example), using AUD.
This market buy is probably recorded on the Independent reserve website so I can see it when I log in (haven't done it yet so I'm not sure).
Where does the wallet come into this.. Does the Independent Reserve website say, 'tell us where your wallet is and we'll send a record of the bitcoin you bought there' ? So.. going forward I can look in my wallet and see my holdings... How does this work?
See what I mean, I'm drawing a blank on a fundamental point here!
What do you mean by purchase? if you talking about deposit on exchanges then they'll typically give you adress, you just sending coins to this adress, no confirmation on other side is needed (it's blockchain baby)
I'm almost there. Trading through independent reserve, have some assets in sites, made my deposits etc.. Now I need to make a purchase..
That part is easy ..
The thing I can't figure out is, how on earth do I use a wallet? Do I refer to it during the transaction (buying bitcoin or altcoin) does the exchange I'm using ask for it, or... do I copy and past data into it? (lol)..
I have not idea how to use one of these things.. What happens when I want to sell my altcoin as well?
I'm using Coinomi!
Any help would be greatly appreciated.
Thanks
That part is easy ..
The thing I can't figure out is, how on earth do I use a wallet? Do I refer to it during the transaction (buying bitcoin or altcoin) does the exchange I'm using ask for it, or... do I copy and past data into it? (lol)..
I have not idea how to use one of these things.. What happens when I want to sell my altcoin as well?
I'm using Coinomi!
Any help would be greatly appreciated.
Thanks
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