How to convert your tokens into ether in myetherwallet.com - page 3.

Leeke

member

Activity: 151

Merit: 11

Website link - Bitcoin Unicorn

Quote from: Stephgmnl on December 27, 2017, 11:46:12 PM

Do we still have to enter our private key details after installing the Metamask?

Sorry - removed my last comment - you shouldn't need to load your private key from MetaMask into ED, instead you login to the extension on the ED page and refresh the page and it will find your MetaMask account for you.

Otherwise you'll need to load in private key details - and most people don't advocate ever having to share ur private keys for security reasons.

However, if you are looking to trade and do share your private keys with ED, just exercise caution and limit your risks like using an account that only holds enough ether for gas transactions, and not the account with all your tokens in it.

h0lybyte

hero member

Activity: 924

Merit: 511

There is no option to exchange tokens into ethereum inside the myetherwallet.com, you must transfer your tokens to an exchange where your token is listed. Most tokens are initially listed on etherdelta.com and it is very easy to swap coins using etherdelta exchange. You need to enter private key, make sure you visit official url so that you will not be scammed

Stephgmnl

full member

Activity: 308

Merit: 101

Quote from: Iolanna on October 30, 2017, 04:53:02 PM

Quote from: soham on October 30, 2017, 04:09:25 PM

The only way to convert your token is etherdelta exchange. They are the biggest exchange in the tokens market and most of the ETH tokens are listed there. However, to use Etherdelta, you need to use your private key first to export your ETH wallet to them. Then only it will be open for your use. So there's a security risk associated with it. So if you are holding some serious amounts of ETH along with other token, my recommendation will be, first transfer your ETH to some other wallet and then use the private key to export the wallet to Etherdelta. Sell off your tokens for ETH and move the funds to another safe wallet.

In order to prevent any risk using EtherDelta, just install chrome extension Metamask. It's much easier and more secure to trade using Metamask. So when you import your wallet in Metamask and open EtherDelta, you'll be able to see the current token balance of each token even without adding it manually to MEW.

Do we still have to enter our private key details after installing the Metamask?

babykika2027

full member

Activity: 715

Merit: 101

Quote from: Meepospammer on October 30, 2017, 11:34:57 AM

This will be helpful to newbies.

there will be an announcement from an ico that will list on any exchanger, if it exists, you can directly deposit in the exchanger, then start selling or trading your token there, if your token is sold in ETH or BTC rate it will easily be converted according to rate your currency

Quote from: porto-pok on October 30, 2017, 07:05:59 PM

I have a question about this : What is the average price of a token ? can be worth more than 0,1 $ ?

the token price depends on the market price, it may reach a rate of more than $ 0.1

PANK21

full member

Activity: 342

Merit: 108

Bounty Detective

Quote from: Meepospammer on October 30, 2017, 11:34:57 AM

This will be helpful to newbies.

First of all you must have an etherwallet. To convert your token into ether you must have an eth first , this will be your gas and fee for the transaction of your tokens. I recommend that you use etherdelta because it has so many compatible and available tokens. Once you have an eth in your etherwallet, you will have to deposit your token in the etherdelta to be able to sell it and be converted into ethereum. When you are finish selling your tokens and converted you can now withdraw your eth into your etherwallet. Its that simple.

porto-pok

newbie

Activity: 42

Merit: 0

I have a question about this : What is the average price of a token ? can be worth more than 0,1 $ ?

Salmen

legendary

Activity: 1059

Merit: 1020

You can send in MyEtherWallet your Ether to ICO address, where you can get - dependable on the ICO - immediately or towards the end of the ICO your ERC20-Tokens. For finished ICOs you can find their Tokens on Etherdelta or HitBTC, I'd rather use EtherDelta.

Zocadas

hero member

Activity: 909

Merit: 508

Ether tokens can't be converted but exchanged. Myetherwallet is a wallet, where you can save your tokens. Tokens are ETH based on Ethereum, but different autonomic cryptocurrencies, so you need an exchanger, as members here explained.

Iolanna

member

Activity: 112

Merit: 10

Quote from: soham on October 30, 2017, 04:09:25 PM

The only way to convert your token is etherdelta exchange. They are the biggest exchange in the tokens market and most of the ETH tokens are listed there. However, to use Etherdelta, you need to use your private key first to export your ETH wallet to them. Then only it will be open for your use. So there's a security risk associated with it. So if you are holding some serious amounts of ETH along with other token, my recommendation will be, first transfer your ETH to some other wallet and then use the private key to export the wallet to Etherdelta. Sell off your tokens for ETH and move the funds to another safe wallet.

In order to prevent any risk using EtherDelta, just install chrome extension Metamask. It's much easier and more secure to trade using Metamask. So when you import your wallet in Metamask and open EtherDelta, you'll be able to see the current token balance of each token even without adding it manually to MEW.

soham

sr. member

Activity: 406

Merit: 250

The only way to convert your token is etherdelta exchange. They are the biggest exchange in the tokens market and most of the ETH tokens are listed there. However, to use Etherdelta, you need to use your private key first to export your ETH wallet to them. Then only it will be open for your use. So there's a security risk associated with it. So if you are holding some serious amounts of ETH along with other token, my recommendation will be, first transfer your ETH to some other wallet and then use the private key to export the wallet to Etherdelta. Sell off your tokens for ETH and move the funds to another safe wallet.

codem0nkey

copper member

Activity: 18

Merit: 0

I second EtherDelta

DamCryp

full member

Activity: 179

Merit: 100

to be honest I haven't fund a way to do it directly in MEW, best option is to tranfer to Ehterdelta and sell which has the largest amount of ERC-20 listed tokens. Still you need a balance of at least 0.01 to do such transfer. Might be worth your while if you're trying to cash in your airdrops

Meepospammer

member

Activity: 406

Merit: 20

This will be helpful to newbies.

Topic: How to convert your tokens into ether in myetherwallet.com - page 3. (Read 1326 times)