Managing Ether Tokens in Ether Wallet

in #cryptocurrency7 years ago

Here I will be covering on how to manage Ether tokens in the Ethereum Wallet.

As there's a hype of ICO nowadays, I am sure you have lot of ICO tokens and need some help on how to manage them.

First of all, you can store all tokens (Ethereum ) in one address. IF you don't have ethereum wallet with your own private key, then you should do so as it will be easier to manage different tokens and transfer between different platform.

Here's a link to Ether wallet : https://www.myetherwallet.com/

If you don't have ether wallet account, creating one is really simple. You have to enter the password( Make sure it's long enough and you save it ) and hit the button "Create a New Wallet".

It will direct you to the page showing your public address, private address and you can also back up the UTC file from there.

That's all. You are all set.
Now let's follow up steps on logging in the the wallet and managing tokens.

EtherWalletHomepage.png

Go to the https://www.myetherwallet.com/ and you click on "Send Ether and Tokens".

*Select Keystroke File (UTC/JSON) [ This is the file that you backed up when you created your wallet)

*Once UTC file is selected, the password field will appear. Enter your password and click "Unlock"

tokens.png

You will see your Ether address and the Account balance there.

Now let's talk about Tokens/

Below the Account Balance, you will see the Tokens box. You can click on "Show All Tokens" to view all the tokens. IF you have participated in earlier ICO's and you will see the balance of the token there. IF it doesn't exit there, you click add Custom Token. custom.png

In order to add custom tokens, you need the address, token symbol and the Decimals. These fields are provided during the ICO or you can find them with simple search.

Once you add those fields, hit 'Save'.
Once added, you can see these tokens and the token value in the same page. As you can see, I have three custom tokens here 'NMR', 'SNL' & 'OPL'.

Transferring tokens to exchange site:

To transfer tokens to exchange site or to send someone, you can select tokens from the dropdown like this.

tokens.png

Once you enter the To Address and select the desired token you want to send, click on "Generate Transaction" and confirm.

Transferring tokens from exchange site/Receiving tokens:

You don't have to change anything to receive tokens. Tokens can be send to the same ether Account Address. Just make sure to add the custom token to view them.

In addition to the etherwallet, you can check your wallet balance and all the token value by entering your account address here :
https://ethplorer.io/

I hope this helps and you can leave a comment below if you have any questions.

Also,
Here's my account address [ 0x10a638E2c548b648c3193Cf23212d12a7B1A919B ], if you have any spare tokens/ether :D.
barcode.png

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How can i see token value as USD? Etherscan doesnt show tokens as USD but it does for ETH. Telegram people in ICO says tokens are already at exchanges and are being traded. So i thought etherscan would show my ICO bought tokens as market price USD.

Nevermind. I found out i could just check out what price in ETH they are selling the tokens for in EtherDelta. Or i could just use coinmarketcap.com which just queries EtherDelta anyway.

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