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RE: Community News - buying EOS and claiming

in #eos7 years ago

To be more specific, it would be helpful to understand after you purchase EOS off of an exchange, how to properly register your EOS tokens and where is the best place to store your EOS (I don't know of an EOS wallet, but perhaps they can be stored on MyEtherWallet?).

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Well, the registering the public key, for now I think it can wait until June 2018. The only danger is people who want to buy EOS and forget about it. Like if you let your EOS sit in an exodus wallet through June 2018, and do nothing, I am about 90% sure you will lose all of your EOS. Leading up to that event, Exodus will probably be warning people. I think Exodus is the worse culpirate because it's not a big deal for Bitfinex to internally use your keys to register your EOS public key themselves and just charge you on your EOS balances to save your funds. Exodus wallets have no ability for Exodus to bail you out come June 2018. I'm kind of surprised they added it at all to the wallet. I think that's where the most money would be lost right there.

HOW-TO GUIDE FOR EXODUS EOS KEY REGISTRY:
http://support.exodus.io/knowledge_base/topics/ive-received-eos-tokens-in-exodus-how-do-i-register-them

That is a really helpful link! Thank you. 100% upvote.

I guess the next question is, why even use the Exodus wallet if you can use MyEtherWallet to store and register your EOS? Am I missing something? MyEtherWallet seems like the best way to go.

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