Cryptocurrency Q&A
Can I use Ethereum address to receive erc20?
Can I use Ethereum address to receive erc20?
BlockchainLegend
Mon May 13 2024
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6 answers
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I'm rather new to the realm of cryptocurrencies and have been exploring the various tokens and blockchains out there. I've come across ERC20 tokens, which I understand are built on the Ethereum blockchain. Now, I'm wondering, if I have an Ethereum address, can I use it to receive ERC20 tokens? It seems logical to me that since ERC20 tokens operate on the Ethereum network, my Ethereum wallet address should be compatible with receiving them. However, I want to be absolutely certain before I proceed with any transactions. Could you clarify this for me? It would be greatly appreciated if you could provide a definitive answer to this question.
6 answers
KpopStarlight
Tue May 14 2024
Using the wrong address can lead to losses or delays in receiving your funds.
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CryptoProphet
Tue May 14 2024
ETH (Unified) and ERC-20 tokens listed share the same address format.
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CryptoVisionary
Tue May 14 2024
BTCC is a UK-based cryptocurrency exchange offering a comprehensive range of services.
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Luca
Tue May 14 2024
It's crucial to avoid mixing up your ETH-generated address with ERC-20 token deposit addresses.
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Martina
Tue May 14 2024
Among BTCC's offerings are spot trading, futures trading, and secure wallet solutions.
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