NOOB question

Discussion in 'Support and Help' started by Keenan, Nov 24, 2017.

  1. Keenan

    Keenan BoxInitiate
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    Nov 18, 2017
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  2. Eric

    Eric Moderator
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    Nov 10, 2017
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    Going to be a bit harsh here but, You should really read about ERC20 Tokens (and eth) if you are going to use them, or you will probably make a mistake in the future and mistakes can be costly in the crypto space.

    Answer to the question, no you can use same wallet. You need eth to send it, so having some eth on same address the tokens are on is preferable. if you are planning to move it in the near future. Can be annoying to just move eth to another address just to move your tokens.
     
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  3. Keenan

    Keenan BoxInitiate
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    Nov 18, 2017
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    I understand how most of it works, just wanted to be 100% sure.
    thank you very much for the reply.
     
  4. Konquest

    Konquest BoxMember

    Nov 18, 2017
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    Interesting, I own several coins but none (yet) ETH or ERC20. You're saying that someone owning ERC20 alt token must also own ETH?
     
  5. LouiePro

    LouiePro Moderator
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    Nov 22, 2017
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    Hey @Konquest, you've probably already found the answer to your question from november, but the answer is no you don't HAVE to hold ETH in order to hold other ERC20 tokens. But the second you want to transfer those tokens, you'll need ETH in order to pay for the transaction.

    So that's why most ERC20 token owners will have a small amount of ETH in the wallets holding the ERC20 tokens. :)
     
  6. Konquest

    Konquest BoxMember

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    Thank you. I'm mining BTC and a few others but I haven't touched ETH nor ERC20.
     
  7. LouiePro

    LouiePro Moderator
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    Nov 22, 2017
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    Cool! Good luck :)
     
  8. Konquest

    Konquest BoxMember

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    What's Akeo.no about? A blog or service? Not much English on there :)
     
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  9. LouiePro

    LouiePro Moderator
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    Nov 22, 2017
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    We're actually in the process of rebranding to English, but it's a Norwegian tech company I'm CMO for. We're running ops for the BullToken project (among others).
     

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