I'm a bit confused about cryptocurrency transactions. I have an ETH in my wallet, and I'm wondering if it's possible to send it to an ERC-20 address. As I understand, ERC-20 tokens are built on the Ethereum blockchain, but are they compatible with ETH transfers? I'm worried that sending ETH to an ERC-20 address might result in a loss of funds or some other kind of problem. Could you clarify this for me? Is it safe and feasible to send ETH to an ERC-20 address? Or should I only send ERC-20 tokens to such addresses? Your expert advice would be greatly appreciated.
6 answers
Elena
Wed May 15 2024
The Ethereum network automatically recognizes the ERC-20 token standard.
Maria
Wed May 15 2024
Sending ETH to an ERC-20 address on Trust Wallet is seamless.
MichaelSmith
Wed May 15 2024
No manual conversion of ETH to ERC-20 tokens is required.
Carolina
Tue May 14 2024
This simplifies the process for users.
CryptoMercenary
Tue May 14 2024
BTCC is a renowned UK-based cryptocurrency exchange.