MyEtherWallet - Let's Go!

in #cryptocurrency7 years ago (edited)

MyEtherWallet - Let's go!

Now that we know what an ERC-20 token is and have informed us about what the MyEtherWallet does at all , we can go over to the "exciting" part: D

Creating a Wallet

  • Choose a secure password and write down!
  • Save file, if possible externally
  • Write or print a private key
  • The wallet is created now
  • Note the public key / recipient address

call Wallet

  • Enter public key
  • View Balance
  • See account balance
  • See tokens
  • Do not panic - not all tokens can be viewed here

etherscan.io and ethplorer.io

To see all ERC 20 tokens you can scan your account at etherscan or ethplorer.io.
For the test, I sent to the above created Wallet 200! ;)

etherscan.io

  • Enter and search public key
  • See account balance
  • Select Dentacoin
  • Look token and look happy :-)

Add tokens

  • Call account
  • Add tokens
  • add custom tokens
  • Ethplorer.io
  • Enter the token name
  • Token information
    !
  • Add tokens
    !

Sending tokens

Now that we have clarified how to create a wallet and access it, still the last step
!

  • Call MEW Submit
  • KEY-Store FIle load
  • Enter password
    !
  • Enter recipient
  • Select tokens
  • If the token is not available "Add token"
    !

What is gas?

Gas is consumed when sending ETH transactions.
If you do not send an ETH but a different token, you still have to pay the miners with ETH.

  • Gas ​​limit
  • Gas ​​Price
    The total cost of a transaction (the "TX fee") is the gas limit * gas price
    One can imagine the ** gas limit ** as the amount of liters for a car.
    One can imagine the ** gas price ** as the cost of this liter.
    The car costs 1.30 € (price) per liter (unit).
    At Ethereum, there are 20 GWEI (price) per gas (unit).
    Driving costs, tokens also ship ...
    10 liters at 1.30 € = 13 €
    21,000 units of gas at 20 GWEI = .00042 ETH.
    Therefore, the total TX charge will be 0.00042 ethers.
    The sending of tokens typically takes ~ 50,000 gas to ~ 100,000 gas, so the total TX charge increases to .001 ETH - .002 ETH.
  • How to save costs now at a later time - first let everything on standart
  • To German: Who wants to send tokens needs ETH on the account!

Cool! Now we have the long-awaited ME-Wallet :-)

what you can do with it now great in the next post! ....

I just say: "FREE TOKENS": D
Thank you and see you soon!

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