Ethereum update: Sending tokens to ETH address vs token address
I have some BAT in Uphold and would like to send those to my Jaxx wallet. I know I should use the BAT address and not the ETH address (it’s there for a reason), but what’s actually the difference?
My understanding now is that you should send the tokens to the address of that specific token, but if you send tokens to an ETH address with a private key you hold, your funds are still safe because you can simply reuse the private key of the ETH wallet in the token wallet. Am I right?
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: World_Languages
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