As of April 2018, Coinbase does not support the ERC20 network. ERC20 is a technical standard for tokens on the Ethereum blockchain, and many ICOs use this standard to issue their tokens.
While Coinbase does not support ERC20 tokens, it is possible to store them on Coinbase by following these instructions.
ERC20 is a popular choice for ICOs because it provides a standard set of rules that all tokens can follow. This makes it easier for exchanges and wallets to support these tokens.
However, because Coinbase does not support ERC20, you will need to use a different wallet to store your ERC20 tokens.
There are a few different options for storing your ERC20 tokens. One option is to use a hardware wallet like the Ledger Nano S or Trezor.
NOTE: WARNING: Coinbase does not support all ERC20 networks. Before using any ERC20 network with Coinbase, please make sure to check that it is supported. Failure to do so may result in the loss of funds or other unforeseen issues.
These wallets allow you to store your private keys offline, which makes them very secure.
Another option is to use an Ethereum-based wallet like MyEtherWallet or MetaMask. These wallets will let you interact with decentralized applications on the Ethereum network.
You can also use these wallets to store your ERC20 tokens.
If you want to store your ERC20 tokens on Coinbase, you will need to first transfer them to a wallet that supports this standard. There are many different options available, so be sure to do your research before choosing one.
Once you have transferred your tokens to a compatible wallet, you will be able to hold onto them until Coinbase decides to support ERC20.
4 Related Question Answers Found
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