Most airdrops and ICOs require you to have a ERC-20 compatible wallet address. Many communities recommend myetherwallet.com and I do as well. Other native Ethereum wallets include, Metamask, Mist or imToken.
Steps to creating a wallet:
- Go to https://www.myetherwallet.com/.
- Enter a strong but easy to remember password. Do not forget it.
- This encrypts (protects) your private key. It does not generate your private key. This password alone will not be enough to access your Ether.
- Click the “Create New Wallet” button.
- Download your Keystore / UTC file & save this file to a USB drive.
- This is the encrypted version of your private key. You need the password to access it. It is safer than your unencrypted private key but you must have your password to access it in the future.
- Read the warning. If you understand it, click the “I understand. Continue” button.
- Print your paper wallet backup and/or carefully hand-write the private key on a piece of paper.
- If you are writing it, it is recommend you write it 2 or 3 times. This decreases the chance your messy handwriting will prevent you from accessing your wallet later.
- Copy & paste your address into a text document somewhere.
- Search your address on https://etherscan.io/. Bookmark this page. This is how you will view your balance at any time
- Send a small amount of Ether (0.0001 ETH) from your previous wallet or exchange to your new wallet.
- Unlock your new wallet from the Keystore / UTC file on your USB drive or via the private key that you printed out. Ensure it unlocks the wallet you are sent to and matches the bookmark you have.
- Do not simply leave your new wallet open. Pretend you are coming back a year later to access your riches. Can you do it?
- Send a small amount of Ether (0.00001 ETH) from this new wallet to another address.
- Ensure you have recorded all necessary bits of information and the addresses match at all times. If they don’t, you incorrectly write something somewhere. That means it’s time to start from the beginning in order to make sure you never lose access to your funds.
Now that you have your wallet, you can participate in the Blok ICO!
Disclaimer
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Accordingly, we will not be liable, whether in contract, tort (including negligence) or otherwise, in respect of any damage, expense or other loss you may suffer arising out of such information or any reliance you may place upon such information. Any arrangements between you and any third party contacted via the Blok are at your sole risk.
Author: Kyle White, CMO at Blok
Kyle started in the gig economy at 14 and has held leadership positions across the outdoor industry, politics, and construction. Kyle is excited to democratize the global workforce through blockchain.
