Post by Admin on Mar 12, 2018 19:12:15 GMT
Here is a video from Youtube member Cream Tv that shows how to set up an Ethereum wallet using www.myetherwallet.com/ (AKA MEW), and add ERC-20 tokens (XNK is an ERC-20 token). Rather than adding Iungo like he does in the video you add XNK in the same way, but different token name (XNK) and different Smart Contract Address (0xBC86727E770de68B1060C91f6BB6945c73e10388 which is the Ink Protocol Smart Contract Address). Please note that I take no credit in making the video, that credit goes to Cream Tv, but I watched it and can say that the info is accurate.
Alternatively here is what natahoa has posted in another thread, with some slight changes I added:
Once you have set up an MEW account the private key is something you never need to worry about except keeping it safe. It is wise to either write down, print, or download your private key to a USB drive, because if for some reason you have trouble accessing your wallet your private key will give you access again. DO NOT share your private key, it is what is used to control your funds, if someone gets your private key then they have access to your wallet and thus your funds. Your public key is the crazy looking symbol with the very long string of letters and numbers.
So, now you have MEW bookmarked. Open it up.
➜ THEN log into Metamask.
... it should be a little orange symbol in the top line of your browser (or maybe the bottom ... on the far right side. In the cluster of any other extensions ~ such as AdBlock.)
Click on that and log in ... when you are DONE using MEW be sure to log out of Metamask.
When you use MEW it will CONSTANTLY ask you to log in using one of the security protocols. On the MEW page, click on those Metamask links (it's a three-step process) and you will instantly be logged into MEW.
➜ Now you can see your MEW main page.
The account address is your PUBLIC key. It's a crazy looking symbol with a bunch of numbers. You will need to COPY that and paste it to send anything to/from your MEW.
☘️ BEFORE you send Ink from Listia to MEW, you must "add token". ☘️
Scroll down on the MEW page and you will see "Token Balances."
Click on "add custom token."
➜ The Ink Protocol contract address which is 0xBC86727E770de68B1060C91f6BB6945c73e10388. Paste it into that field. With the digits (18 digits). Once you are successful click on "show all tokens" and XNK should be at the top of that list with a zero balance.
Don't click the minus symbol next to XNK. That will remove the token and you'll have to add it again.
➜ Then go to your LIstia account Ink balance.
➜ Click on withdraw.
➜ Paste your account address in the field.
➜ Choose how much Ink to send.
FEES:
You will pay the SAME fee to send a little or a lot of Ink. The fee varies constantly, I don't know why. So, send a small amount, like 10 or 50 Ink. ~Refresh~ that Listia page and it will show as "pending." Eventually it will show on that page as Ink Withdrawal.
That can take minutes or hours. In my experience small amounts send quickly, larger amounts take longer. Keep in mind you are
➜ paying a fee EACH time you send, no matter how much or little. If you want to send your ink BACK to Listia you will pay a fee AGAIN ...
☄☄☄
IMPORTANT
Log out of Metamask when you are done!
Click on the metamask symbol ... click on top right corner ... drop-down menu ... click on log out
Another thing to keep in mind about cashing out INK ...
When you DO want to sell Ink on an exchange, you also will need
➜ a small amount of ETH in your MEW ... the ETH acts as the currency needed to pay for "gas" - i.e. part of the transaction fee.
You can win that on Listia, or buy it using coinbase.
After your sell your INK for ETH, you need to send THAT ETH back to coinbase (from MEW) to convert THAT to cash.
So you also will need a coinbase account.
➜ My point is: cashing out INK is more complicated than simply setting up a MEW.
You also need a coinbase account to convert ETH to cash.
You might wait to wait on setting up MEW and Coinbase accounts until it's worth selling INK.
Alternatively here is what natahoa has posted in another thread, with some slight changes I added:
Once you have set up an MEW account the private key is something you never need to worry about except keeping it safe. It is wise to either write down, print, or download your private key to a USB drive, because if for some reason you have trouble accessing your wallet your private key will give you access again. DO NOT share your private key, it is what is used to control your funds, if someone gets your private key then they have access to your wallet and thus your funds. Your public key is the crazy looking symbol with the very long string of letters and numbers.
So, now you have MEW bookmarked. Open it up.
➜ THEN log into Metamask.
... it should be a little orange symbol in the top line of your browser (or maybe the bottom ... on the far right side. In the cluster of any other extensions ~ such as AdBlock.)
Click on that and log in ... when you are DONE using MEW be sure to log out of Metamask.
When you use MEW it will CONSTANTLY ask you to log in using one of the security protocols. On the MEW page, click on those Metamask links (it's a three-step process) and you will instantly be logged into MEW.
➜ Now you can see your MEW main page.
The account address is your PUBLIC key. It's a crazy looking symbol with a bunch of numbers. You will need to COPY that and paste it to send anything to/from your MEW.
☘️ BEFORE you send Ink from Listia to MEW, you must "add token". ☘️
Scroll down on the MEW page and you will see "Token Balances."
Click on "add custom token."
➜ The Ink Protocol contract address which is 0xBC86727E770de68B1060C91f6BB6945c73e10388. Paste it into that field. With the digits (18 digits). Once you are successful click on "show all tokens" and XNK should be at the top of that list with a zero balance.
Don't click the minus symbol next to XNK. That will remove the token and you'll have to add it again.
➜ Then go to your LIstia account Ink balance.
➜ Click on withdraw.
➜ Paste your account address in the field.
➜ Choose how much Ink to send.
FEES:
You will pay the SAME fee to send a little or a lot of Ink. The fee varies constantly, I don't know why. So, send a small amount, like 10 or 50 Ink. ~Refresh~ that Listia page and it will show as "pending." Eventually it will show on that page as Ink Withdrawal.
That can take minutes or hours. In my experience small amounts send quickly, larger amounts take longer. Keep in mind you are
➜ paying a fee EACH time you send, no matter how much or little. If you want to send your ink BACK to Listia you will pay a fee AGAIN ...
☄☄☄
IMPORTANT
Log out of Metamask when you are done!
Click on the metamask symbol ... click on top right corner ... drop-down menu ... click on log out
Another thing to keep in mind about cashing out INK ...
When you DO want to sell Ink on an exchange, you also will need
➜ a small amount of ETH in your MEW ... the ETH acts as the currency needed to pay for "gas" - i.e. part of the transaction fee.
You can win that on Listia, or buy it using coinbase.
After your sell your INK for ETH, you need to send THAT ETH back to coinbase (from MEW) to convert THAT to cash.
So you also will need a coinbase account.
➜ My point is: cashing out INK is more complicated than simply setting up a MEW.
You also need a coinbase account to convert ETH to cash.
You might wait to wait on setting up MEW and Coinbase accounts until it's worth selling INK.
