How to Create MyEtherWallet for Purchasing Bottos Tokens (BTO) in Crowdsale
Step 1. Create your Ethereum Wallet
Bottos’ BTO tokens need to be held at ERC20 compliant wallet. So first of all you will need to set up your Ethereum wallet. There are many tools and apps for that out there. But not all of them support new ERC-20 tokens, and you will need those.
In this article I will use MyEtherWallet as an example.
MyEtherWallet
Visit www.myetherwallet.com. The first thing you see is Create New Wallet.
Come up with a strong password, fill in the form, make sure to remember it by heart, and then press ‘Create New Wallet’.
Now, save your Keystore File. Click ‘Download Keystore File’ and save the file somewhere on your computer or on a thumb drive for extra security. After you have saved the file (triple-check this!), go ahead and click the Continue button.
On the next screen you will see your Private Key, it’s a string of symbols. Make sure you write down or print your Private Key in order to create a Paper Wallet. Remember, there’s no way to remind you of your password or Private Key, the technology simply doesn’t allow that! If it’s lost, it’s lost forever! So, please take all of the warnings you will see on those pages seriously.
Proceed to next screen.
As you can see, there are many ways of accessing your wallet, but for clarity’s sake we’ll stick with the Private Key option. Simply paste or type in your private key, then click ‘Unlock’.
Another option is to use the keystore file you saved on your computer earlier, then enter your password and then you’ll be able to click ‘Unlock’.
Now you have full access to your Ethereum Wallet and that’s it! It was simple, right? If you want to access your wallet again, go to www.myetherwallet.com and click on ‘View Wallet Info’ in the top right corner.
Step 2: Purchase your first Ether
Now you can actually start using your wallet. In order to fill your wallet with the Ether (ETH) needed to purchase tokens offered on a crowd sale, you will need a cryptocurrency exchange.
There are many exchanges out there, such as Coinbase, Kraken, Bitfinex, Bittrex, and many many more.
Some of these allow you to trade fiat currency (dollars or euro) for Ethereum directly, while others only allow exchanging Bitcoin (BTC) or another cryptocurrency to ETH. Also note that exchanges offer different exchange rates. Some might be more favorable to you than others, and the spread may be quite big. Visit a few of exchanges before each transaction, compare their rates and choose wisely!
I will not go into more detail about which exchange could be the best fit for you. Instead, I’ll show you the easiest way to purchase ETH and receive it on the wallet you have just created. Go to Coinbase and create an account. Go to “Buy/Sell” section choose “Ethereum” and then enter the USD amount. It will convert to ETH. Click on “Buy Ethereum Instantly” , you will get the ETH immediately.
Step 3: Send ETH to the ICO
Whether you already had a wallet full of cryptocurrency, or have just recently created one using the first two steps from this article, you are now ready to participate in the ICO. Follow the specific guideline of the ICO and transfer your ETH to the desired address to purchase the tokens you want.
Step 4: Obtain the Tokens from ICO
Indicate your MyEtherWallet address to ICO to distribute the tokens. Please DO NOT use your exchange Etherum address.
