In order to transfer your U42 Tokens from the platform to your ERC-20 compatible wallet, you must have Ether (ETH) in your wallet to pay the fuel cost of the transaction. If you don’t know how to obtain Ether, here is a short guide.
First, what is Ether? Ether is the currency of the Ethereum platform. Like Bitcoin, it can be mined and traded around the web. The creators of Etherium intended Ether to be used as a “crypto-fuel” to pay for transactions on the Ethereum platform.
To Obtain Ether You Must:
Own an Ethereum Wallet* – Before buying Ether you must have an Ethereum wallet to hold Ether. You can either utilize a Hardware or Software wallet.
A: Hardware Wallets are the most secure way to store Ether. While we don’t endorse either of these products, Ledger and TREZOR are two popular choices.
B: Software Wallets are free of charge. However they are less secure than hardware wallets. Again, while this isn’t an endorsement, MyEtherWallet or MetaMask are popular destinations for beginners.
C: Other options, such as Paper Wallets, are available. Please do your own research before choosing the option that works best for you.
*please note that the U42 token is an ERC20 token and not all wallets support it.
The easiest way to purchase Ether is through an Exchange. For a list of exchanges that you can compare, check out this list from CoinCentral.
Once you purchase Ether, you will have to transfer it from the exchange to your personal wallet. To do this you must provide your wallet address. The address is a long string of numbers that begins with 0x. Always double check to make sure that, after a transaction, your Ether is stored in your personal wallet.
Now that you have Ether you will be able to fuel the cost of transferring your U42 Token to the same wallet. To do this, simply enter your wallet address on your You42 profile and request to transfer your U42 Tokens.