Cryptocurrency Q&A
Can I use Ethereum address to receive ERC-20?
Can I use Ethereum address to receive ERC-20?
SejongWisdomKeeperEliteMind
Mon May 13 2024
|
6 answers
1933
I'm quite new to the world of cryptocurrencies and I'm trying to understand the intricacies of it. Could you please clarify something for me? I've heard of ERC-20 tokens and Ethereum addresses, but I'm not quite sure how they interact. So, my question is, can I use an Ethereum address to receive ERC-20 tokens? I'm assuming since ERC-20 is a standard on the Ethereum blockchain, any address generated on Ethereum should be able to accept ERC-20 tokens, but I want to make sure before I proceed. Could you please confirm this for me? It would be greatly appreciated.
6 answers
CryptoLodestarGuard
Wed May 15 2024
ETH (Unified) and ERC-20 tokens share a common address format.
Was this helpful?
351
80
InfinityVoyager
Wed May 15 2024
Users should exercise caution to avoid mixing up addresses.
Was this helpful?
263
28
Tommaso
Wed May 15 2024
ETH-generated addresses should not be confused with ERC-20 token deposit addresses.
Was this helpful?
213
68
Giovanni
Wed May 15 2024
It is crucial to deposit each token only to the designated address.
Was this helpful?
366
59
HanbokGlamour
Tue May 14 2024
BTCC is a leading UK-based cryptocurrency exchange offering comprehensive services.
Was this helpful?
378
64
Load 5 more related questions
