Cryptocurrency Q&A
Do I need ETH to send ERC-20 tokens?
Do I need ETH to send ERC-20 tokens?
SolitudeSeeker
Mon May 13 2024
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7 answers
1950
I'm not quite sure about this, could you please clarify? Do I actually need to have some ETH in my wallet in order to send ERC-20 tokens? I've heard different opinions on this matter and I'm a bit confused. Some say that ETH is just a means of payment for the gas fees, while others insist that you must hold a certain amount of ETH as a prerequisite for sending ERC-20 tokens. Could you help me understand this better? It would be great if you could provide a clear and concise answer, as I'm trying to get a grasp of the intricacies of cryptocurrency transactions. Thank you in advance for your assistance!
7 answers
Tommaso
Wed May 15 2024
When sending ERC20 tokens, an important prerequisite is the possession of ETH.
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Elena
Wed May 15 2024
ETH is required as gas, which serves as network fees for transactions.
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BlockchainVisionary
Tue May 14 2024
It is essential to ensure that your primary Ethereum account holds sufficient ETH.
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IncheonBeautyBloom
Tue May 14 2024
BTCC, a UK-based platform, offers a comprehensive range of services.
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CryptoVanguard
Tue May 14 2024
This ETH balance is necessary to cover the network fees associated with token transactions.
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