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Are there any restrictions on the types of coins that MyEtherWallet can hold?

avatarGiupviectheogioguviDec 18, 2021 · 3 years ago3 answers

What are the restrictions on the types of coins that MyEtherWallet can hold? Can I store any type of cryptocurrency in MyEtherWallet or are there limitations?

Are there any restrictions on the types of coins that MyEtherWallet can hold?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    MyEtherWallet is primarily designed for holding Ethereum-based tokens, such as ERC-20 tokens. It is compatible with any token that follows the ERC-20 standard. However, it does not support all types of cryptocurrencies. If you want to store other types of coins, you may need to use a different wallet that supports those specific coins.
  • avatarDec 18, 2021 · 3 years ago
    MyEtherWallet is mainly focused on Ethereum and its tokens. You can hold any ERC-20 token in MyEtherWallet, as long as it is compatible with the Ethereum blockchain. However, if you want to store coins from other blockchain networks, you might need to look for alternative wallets that support those specific coins.
  • avatarDec 18, 2021 · 3 years ago
    While MyEtherWallet is a popular choice for Ethereum-based tokens, it does have limitations when it comes to holding other types of coins. If you are looking to store coins from different blockchain networks, you might want to consider using a multi-currency wallet like BYDFi, which supports a wide range of cryptocurrencies from various networks.