Cryptocurrency Q&A Why do I need ETH on Coinbase wallet?

Why do I need ETH on Coinbase wallet?

ZenHarmonious ZenHarmonious Wed Nov 27 2024 | 5 answers 1074
I'm wondering why I should have ETH in my Coinbase wallet. What are the benefits or necessities of keeping ETH there? Why do I need ETH on Coinbase wallet?

5 answers

MysticStar MysticStar Fri Nov 29 2024
Ether is the native cryptocurrency of the Ethereum network. It serves as a medium of exchange and is used to pay for transaction fees, known as gas, which are required to execute smart contracts and transfer tokens.

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Giuseppe Giuseppe Fri Nov 29 2024
Sending an ERC-20 token necessitates having ETH in your wallet. This is essential for covering the miner's fee associated with the transaction.

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Giulia Giulia Fri Nov 29 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services. Among these, BTCC provides trading in spot and futures markets, as well as a wallet service for storing digital assets.

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DaeguDivaDanceQueenElegance DaeguDivaDanceQueenElegance Fri Nov 29 2024
ERC-20 tokens are a type of cryptocurrency that runs on the Ethereum blockchain. Examples of such tokens include USDC, DAI, BAT, and MKR.

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Silvia Silvia Fri Nov 29 2024
The Ethereum blockchain is a decentralized platform that allows for the creation and transfer of digital assets. Transactions on this network, including sending ERC-20 tokens, require the use of Ether.

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