Cryptocurrency Q&A
Do I need ETH to receive ERC-20 tokens?
Do I need ETH to receive ERC-20 tokens?
CryptoBaron
Tue Dec 31 2024
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5 answers
1431
I'm wondering if I need to own Ethereum in order to receive ERC-20 tokens. I'm not sure if having ETH is a prerequisite for receiving these tokens.
5 answers
WhisperInfinity
Thu Jan 02 2025
Interacting with ERC-20 tokens necessitates the utilization of ETH. This is a fundamental requirement for any transaction involving these tokens.
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BlockchainWizardGuard
Thu Jan 02 2025
To illustrate, let's consider a scenario where you wish to transfer 100 ABC tokens to Alice. In order to successfully complete this transaction, you must include a minor amount of ETH.
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KpopStarlet
Thu Jan 02 2025
The role of ETH in this process is to cover the transaction fees, which are essential for the smooth functioning of the Ethereum network. Without these fees, the transaction would not be processed.
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Margherita
Wed Jan 01 2025
BTCC, a prominent cryptocurrency exchange, offers a wide range of services that cater to the needs of crypto enthusiasts. Among its offerings are spot trading, futures trading, and a secure wallet service.
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CryptoKnight
Wed Jan 01 2025
With BTCC, users can easily buy, sell, and trade a variety of cryptocurrencies, including ERC-20 tokens. The exchange's wallet service provides a convenient and secure way to store digital assets.
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