Tips from ACA Network: How to generate your Ethereum ERC20 compatible wallet address
Be sure to register your ERC20 compatible Ethereum wallet address with your ACA Token Sale site account when participating in the ACA Network Token Sale. Also, be sure to send from your registered ERC20 compatible Ethereum wallet address when sending Ethereum as well.
Do not, under any circumstances, register your exchange wallet address with your ACA Token Sale site account. Also, be sure to never send Ethereum from your exchange wallet address.
You will be unable to receive ACA Tokens if you register your exchange wallet address with your ACA Token Sale site account or send Ethereum from your exchange wallet address.
DO NOT PARTICIPATE IN ICO BY SENDING COINS FROM ANY CRYPTOCURRENCY EXCHANGES. YOU NEED A ERC20 COMPATIBLE ETHEREUM WALLET. OTHERWISE, YOU WILL LOSE YOUR FUNDS.
To clear the confusion, here is a token compatible Ethereum wallets list.
Compatible wallets
These wallets have been verified to support Ethereum ERC20 tokens.
· MetaMask (Firefox and Chrome browser extension)
Incompatible wallets
To date, these Ethereum wallets are known to be incompatible with ICO’s. Before investing, you should move your ETH to one of the wallets mentioned above.
· Any Bitcoin exchange
· Any Ethereum exchange
· Binance
· Bitflyer
· Coinbase
· Exodus
· Bitrexx
· Zaif
· Jaxx
· Poloniex
· Kraken
· Bitfinex
· Cex.io
How to open MyEtherWallet to participate in ICO
MyEtherWallet is the most convenient Ether wallet which is capable of smart contracts. Thus, it’s no surprise that most people use it to store their tokens acquired via ICOs. It is an online wallet, but it also provides offline and hardware wallet support, meaning that users can generate wallet keys for a variety of Ethereum storage solutions. That makes it a great all-around solution for everyone interested in investing in ICO.
Here’s how to set it up.
1. GO to www.myetherwallet.com
You will be greeted by several safety reminders and option to create a new wallet.
2. Create a password.
Use a combination of letters, numbers, and symbols to guarantee the strongest possible security for your account. Immediately store your password in a safe place and create several copies if possible. Next, click [Create New Wallet.].
3. Download and save your keystore file.
Do this for security reasons. As you are aware, it is necessary to perform as many safety measures as possible in cryptocurrency trading. Save the keystore file in a safe place and click “Continue.”
4. Save your private key.
The private key may appear to be nothing more than a string of symbols, but this is your private key, and it is extremely important for security. Make a backup of this key and keep it safe. You may also print out your private key. There is no way to retrieve your private key and password if you forget them, so be sure to take all of the necessary safety measures suggested by this page.
5. Use your private key or keystore file to open your wallet.
There are several ways to to unlock your wallet, but we can unlock the wallet with the files we have now (the private key and keystore file). Copy and paste your private key or upload your keystore file to unlock your wallet.
6. You have now successfully opened your fully-functional Ethereum wallet.
Please register this Ethereum wallet account with your ACA Token Sale site account. Also, be sure to send from this Ethereum wallet account when sending ETH to purchase ACA Tokens as well.
The next time you wish to access this wallet, go to www.myetherwallet.com, click [View Wallet Info] in the top right corner, and authorize yourself again.
The only thing left to do now is to deposit some ETH into your Ethereum wallet account. If you already have some ETH in an Ethereum wallet, send it to your public address.
