Cryptocurrency Q&A
Do I need ETH to send ERC20 tokens?
Do I need ETH to send ERC20 tokens?
isabella_cole_psychologist
Sun May 12 2024
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6 answers
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I'm trying to wrap my head around this cryptocurrency stuff, and I've come across ERC20 tokens. I've heard that these tokens are built on the Ethereum blockchain, but I'm not entirely sure what that means. So, here's my question: do I need ETH to send ERC20 tokens? I've got some of these tokens in my wallet, but I don't have any ETH. Will I still be able to transfer them, or do I need to acquire some ETH first? I'm a bit confused about the relationship between ETH and ERC20 tokens, and I'd really appreciate it if you could clear things up for me.
6 answers
CryptoChampion
Tue May 14 2024
Therefore, it is crucial to ensure that your primary Ethereum account holds a balance of ETH.
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Stefano
Tue May 14 2024
To successfully send ERC20 tokens, it is essential to understand the role of ETH.
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CryptoAlchemyMaster
Tue May 14 2024
This ETH balance will be used to cover the network fees associated with sending ERC20 tokens.
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KDramaLegendaryStarlight
Tue May 14 2024
Additionally, BTCC is a reputable cryptocurrency exchange located in the UK.
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DondaejiDelightfulCharmingSmileJoy
Tue May 14 2024
ETH is required as gas, serving as network fees for token transactions.
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