Do you collect ETH tokens or just ETH? I was thinking of collecting airdrops. I'm so confused about it. I have some in a coinbase wallet, that's all I know about. HAHA. I'm learning. Tell me what you know lol.... Are you on Discord?
You are viewing a single comment's thread from:
Both. DGD is actually an ERC20 token. About 80% of tokens are on Ethereum now. I think it's mostly a way to get adoption quicker. I like Coinbase and GDAX. There are a few little tricks to save a lot of money on fees by using GDAX instead of Coinbase. Coinbase is owned by GDAX. You can transfer freely between the two. If you send anything from GDAX instead of Coinbase, there are no fees. GDAX pays them. Also, if you trade on GDAX using Limit Orders, there are no fees. So if you want to convert to USD, you can use a Limit Order and it's free. Or, if you transfer USD to Coinbase, you can send it to GDAX and buy whatever with a Limit Order and it's free too. No, I haven't tried it yet. So do you recommend Discord? Do you use GDAX?
I have signed up to GDAX but haven't put any coin into it yet. All my stuff is all over the web in random wallets. I've been spending the last week or so trying to open old wallets and move coins into a safer space or binance or wherever I can them.
I heard of the mysteries of GDAX from a Facebook friend but I haven't figured out how to use it yet. I was planning on youtubing up some toots on it. LOL.
I have no fkin clu what a limit order is lol
Discord is cool. There's like 50+ discord groups for steemit and many have free voting bots. Also, you can link up with people that seem a little out of reach on the main platform. And it has notifications and works with @ginabot. :)
Oh ok cool! Since Coinbase and GDAX are the same company it's really pretty easy switching between the two. Yeah, you definitely have to be careful. A paper wallet is really the safest place to store anything. A hardware wallet the next, but it's not 100% safe. I could show you how to trade on GDAX in like 5 minutes. It's really simple. Discord sounds pretty cool. I might have to try that out. I use fb mostly. But, I'm spending more time on here now. I like my friends and stuff there, but zucker doesn't pay me shit and steals my info. Lol
Same here. I'm on FB but not as much now. And I'm going to try some of these other social networks on the blockchain (and cash them out into steem.) If you ever have time, a great post would be how to trade on GDAX. But I'd love to learn how to so I can put more coin there.
I also want to learn how to ERC20 tokens. I don't know how lol. But I found a lot that look cool. I missed so many free coin airdrops :(
That sounds like a good idea. You never know what may be a better opportunity. My friend at the Antimedia recommends Minds. What others are you looking at?
Thank you for that idea! I may try that. Do you use Binance much or any others?
You want to learn how to use them? Myetherwallet is my preferred place to make paperwallets.
Yes, Binance. Haven't really been into trading crypto much. I originally just bought a bunch of BTC back when it was young, and held it forever in coinbase and cashed out. I had some altcoins back in the days like potcoin, doge, reddcoin, litecoin, dash, bla bla.. but then didn't do anything. So everything is sort of new to me. I sort of get it, but I am still new. Like the paperwallets, I get that. Thats what we did years ago. That's easy. But there was less than 100 coins in existence. Now there's thousands and things have become complex with people scamming, the government involved, taxes, hahahaha.. it sounds like the stock market now.
I see. I try to keep things simple. I believe the vision of Satoshi to be a decentralized peer to peer cash. I don't like any interference or regulation at all. The whole point of what Satoshi created was to get away from that. He created it as a result of the government bailing the banks out after they screwed everybody and caused the recession. The Genesis block, block 0, of Bitcoin actually has a headline of a newspaper embedded in it as a message. It's a headline about the British Chancellor considering a second bank bailout. It was a headline on the day Bitcoin was created.
One of the airdrops a friend of mine started required a meta address.
That's cool. It's ok for some things. Like a hot wallet is. But, I wouldn't keep a large amount in one with a possible security breach. If it is a lot, I would move it to a wallet that has no connection to the internet.
So YOUR FRIEND started an airdrop!? I'm curious
Okay for some reason I can't reply to the last thing you posted. I don't know why but it must be a multithreading issue. Discord is much better for long talks I think. lol. If you do try it, let me know. I managed to figure out how to get a MEW and Metamask. So I have those addresses in addition to my coinbase etherium addresses. But I know tokens are different right? I can't send/receive tokens to coinbase, only through mew or meta correct?
So do I have to put my etherium into my meta so that there's something in there or else I can't claim tokens?
I also noticed many token airdrops say no US IP's, so I would need a VPN?
You can't send ERC20 tokens to Coinbase at this point. They may enable that in the future. I hope you made the paperwallets offline. It's recommended by most people to make them offline. It's possible somebody could see your private key while you're online or malware could record it. It's very easy. You just save the page to your desktop and then unplug your internet. Optimally, you should make them on a computer that never touches the internet. That's kind of impractical for most people unless they have an extra computer laying around. I'll see if I can find you some videos I used to help me figure it out. I don't use Metamask because you're logging in online. I generally just hold my coins in my wallet and then when I spend them or use them, I just create a new wallet. And burn the other one. Once you reveal your private keys online or your password, you can't be sure if it's compromised. Also, with Metamask, your private keys have to still be on your computer the way I understand it. It's not a good idea to save them there. It's best to keep a few copies of the printed paper wallet and a copy of the private keys on a zip drive if you want to. If you're not holding a lot of money in it, it's not a huge deal. But, I still usually go the extra measure unless I'm going to take the money out of the paper wallet within a few minutes. I hope that makes sense.
No, you don't have to have anything in them. It's your wallet address. When you do send an ERC20 token to your wallet, you have to adjust the settings on MEW so it will show up. Some people freak out because they think their tokens disappeared.
Yeah you usually do
I have paper offline wallets that I usually send anything over a few dollars to unless I'm using it (like SBD) actively. But for ERC20, the paper wallet generated with MEW can collect them also yes? I have a hardware wallet too but I haven't used it for everything, and it's older so it doesn't take everything. I don't want to trade everything into bitcoin. I actually want to hold and trade some of the newer coins. :)
Yes, MEW accepts all of them. I just operate directly from MEW when I want to use it. I would be careful with an older hardware wallet. There have been issues where the older software becomes incompatible and your coins can get stuck. That's a risk if some company doesn't keep their software up to date. You do have to add the token in MEW to be able to see it and use it. But, there's a list when you interact with your address. If your coin isn't on the default list, you can add it manually. Here are some helpful articles that explain it on the Help page. https://myetherwallet.github.io/knowledge-base/tokens/
This is a simple explanation of how to make a wallet with the internet cut off so it's secure. There's one thing I do differently though. There's no need to download the zip file. Just save the page and it opens the same way. But, either way.
This is for bitcoin wallet. But, he uses the technique saving the page like I do. I like how he emphasizes the security measures. Watch this and apply the same thing to the ether wallet.
I just realized the irony of me being bullish on gold. lol
Why did I just notice this lol!
Lmao!