Tag: Trust Wallet

Ethereum ETC Faucet

Leave a comment
Ethereum ETC faucet

Today we are going to cover the Ethereum ETC faucet.

To be able to move BitUnits from one address on the Ethereum Classic network you will require a tiny amount of ETC. The is equivalent to “gas” used on the Ethereum network.

Many owners on BitUnits start with the user-friendly Trust wallet which was recently taken over by Binance. However, if you want to trade your BitUnits on the Saturn network decentralized exchange (DEX) you will need to:

buy bitcoin with your credit card

It can be quite frustrating for owners of UNITS that don’t have any ETC as it effectively leaves them dead in the water. The easiest way to obtain ETC is to ask a “crypto” savvy friend to send you some. 0.0003 ETC is all that is required, and in fiat terms, this is less than one cent.

If you don’t know anyone that could send you a small amount of Ethereum Classic ETC you could buy or trade with changelly. The big positive with changelly is that they allow you to buy cryptocurrencies with your credit card. Many banks have blocked crypto purchases with credit cards as they know it speeds up crypto adoption by the masses and will ultimately bring about the demise of the old school fiat financial institutions. Click the changelly image to the left (above if you are on mobile) or use this link to set up an account with changelly.

Another way to obtain ETC is via a faucet and in theory, they are ideal as they provide small amounts of many cryptocurrencies, for free.

The Best Ethereum ETC Faucet

We spent several days testing out various faucets and we think we have found the best one. To keep our site free of ads you will find that some of our articles are partly concealed by a paywall. This is one such article and to read the rest of the article you will need to make a nominal payment as indicated below. For Android users, we recommend the Eclair wallet to make Lightning Network payments or Spark if you are running your own node.

Please pay just 0.00001 BTC (approx 4 cents) to continue reading this article.

Click to pay with the low cost, high-speed Lightning Network

Setting up the Trust Digital Wallet to HODL BitUnits

5 comments

Trust Digital Wallet and BitUnits Club

The Trust digital wallet allows you to control access to digital assets like BitUnits and Ether but do beware that the tokens are stored on the blockchain, not on your smartphone. BitUnits are ERC223 compliant tokens which use the Ethereum Classic (ETC) blockchain network whereas Ether uses the Ethereum (ETH) blockchain. We recommend the Trust digital wallet for the following reasons:

  • Available for Android and iOS devices
  • Has the financial backing of the digital exchange giant, Binance
  • Audited as a secure digital wallet
  • Ease of use

Installing the Trust Digital Wallet

Links for Android and iOS are available at trustwalletapp.com, and they also provide direct access to the Android apk for users that aren’t able to use Google Play. Wherever possible use Google Play as their servers are generally more secure than developer sites.

When you have set up your wallet but before you have received your first BitUnits it will look something like the first image below and once configured, and you have received BitUnits it should look similar to the second image.

 Trust digital wallet before it is configured for BitUnits  Trust digital wallet after it is configured for BitUnits

When you first install the app, you will be asked to create a new wallet, and you will be provided with 12 very important words. These words are known as your seed phrase and allow you to restore your wallet to another smartphone. For security reasons, the app prevents you from taking a screenshot of the actual seed phrase process, so the blurred image below is a photo (not a screenshot) of the seed phrase for my wallet.

Trust digital wallet backup and restore phrase

 

The 12-word seed is shown as the “Backup Phrase” in the screenshot, but it should be more accurately be called the “Restore Phrase” as that is the purpose of the seed phrase. You need to store a copy of your seed phrase in a secure location, and many crypto enthusiasts suggest etching it into metal as paper degrades over the HODL years.

 

Do not let anyone have access to your seed phrase as that would give them control of your digital tokens on the blockchain. Once you have been through the validation process to confirm you have recorded the phrase the screen will show you have zero tokens on the Ethereum blockchain (ETH).

 

We now need to add Ethereum Classic (ETC) tokens including BitUnits. This is done by selecting the + at the top right of the screen. You will see a selection of different tokens that you can control via the Trust digital wallet. ETC is below ETH and UNITS (the ticker for BitUnits) is further down the list. NOTE: BitUnits will only appear in the list of available tokens if you have already sent your ETC address for a BitUnits airdrop, or similar, and had the BitUnits sent to your address.

The two screenshots below show the tokens, and you move the slider to the right for ETC and UNITS for control to be given to the wallet.

   Add Ethereum Classic blockchain tokens to the Trust digital wallet Add BitUnits tokens to the Trust digital wallet

Now let’s get some token for the wallet by clicking the BitUnits row to reveal a screen with a SEND and RECEIVE button. You will not be able to send any BitUnits at this stage as you don’t have any, so click RECEIVE. You will be shown a QR code and a button labeled COPY WALLET ADDRESS. If you click this button, it will copy your address to the clipboard, and you can then send this to the BitUnits sender via email, SMS or posting it in Telegram, Twitter or Facebook.

Securing your BitUnits

As the Trust digital wallet does not hold the tokens in your phone, it is vital that you secure access to your digital assets. Trust provides a six digit pin code which you should activate from the Settings menu at the bottom right of the software screen. This ensures that if your phone is stolen that the thief can’t transfer your BitUnits to their wallet.

Write a comment below or in our Telegram group if you have any questions or spotted the gift we provided for the first observant reader. [Update: gift now claimed]

Import Private Key from MEW or Saturn Into Trust Wallet

One comment
Use your private key to import tokens into Trust wallet

Access to cryptocurrency tokens, like BitUnits, on the Ethereum Classic (ETC) blockchain, is made available with public and private key cryptography. As the name suggests the public key can be made available to anyone as it works as a pair with the private key to secure your assets.

If you are already familiar with MyEtherWallet (MEW) or the Saturn wallet you might want to “transfer” your crypto tokens into the user-friendly Trust wallet. Wallets don’t actually hold tokens but they provide a facility to control access to the tokens on the blockchain. So the transfer is passing authority from one wallet to another, rather than the actual tokens. You will need your private key from MEW or Saturn to give this authority to the Trust Wallet. Below are the steps you need to complete in the Trust Wallet.

Import Private Key from MyEtherWallet or Saturn Into Trust

We have provided links to the Trust Wallet website in a previous article and this, in turn, gives the links to install the app on your iPhone or Android phone. Once you have installed the app it will bring up the following screens. Select IMPORT WALLET and on the next screen select the Ethereum Classic network.

 Import Private Key from MEW or Saturn Into Trust WalletEthereum Classic network tokens

You will then be shown a screen containing four tabs marked as PHRASE, KEYSTORE JSON, PRIVATE KEY and ADDRESS. For security purposes the app prevents screenshots being taken at this stage so we can’t provide an image here. Click the PRIVATE KEY tab and you can paste in your private key or use the QR code scanner. Now click the IMPORT button and your phone will now have authority to transfer tokens via the blockchain.

Never ever make your private key available to third parties as this will give them access to your tokens and once they move the tokens to their address it will be impossible for you to recover them. If you have any technical questions you can contact the Trust wallet team in their Telegram group which currently has close to 10,000 members.

Welcome to Buy Crypto News Articles

One comment

Welcome to Buy Crypto News Articles. If you have an interest in crypto as a reader, writer or editor you have come to the right place. We hope you will find the site a useful resource and that you will help us promote Satoshi Nakamoto’s vision.

Nakamoto published the Bitcoin whitepaper, “A Peer-to-Peer Electronic Cash System” in October 2008. The first ten years have been quite eventful, yet disappointing for some members of the community. Progress has been relatively slow with many teams duplicating the work of others and needless forks to the original protocol.

There is currently a wide variation between the rules and regulations adopted by nation States across the globe. Some countries have been quite positive towards Bitcoin and blockchain technology whereas others have attempted to ban it.

Buy Crypto News Articles