How to setup an Ethereum Wallet to participate in the Blockport token sale.
By: Kai Kaïn Bennink
Tags: Startup, Ethereum, ICO, Bitcoin, Blockchain

Blockport is launching its first equity round STO in March 31st. Find out more here.

To make sure you can participate in the Blockport token sale, we have created a quick how-to guide. If you want to obtain Blockport tokens, you have to own Ether (ETH) and own a working ERC20 Ethereum Wallet.

Nederlandse versie klik hier.

Note: Never send ETH from an exchange account because you will not be able to receive the Blockport tokens.

1. Setting up an Ethereum wallet.

If you do not have an ERC20 compatible Ethereum wallet yet, check out this list of wallets you can choose from.

We recommend using MyEtherWallet, which is widely accepted and used to participate in token sales.

Additionally, this wallet provides us with a Coinbase “Buy Ether” widget, that allows you to directly buy Ethereum (ETH) and store it on your Ethereum Wallet.

In this video you can find out how to setup a wallet with MyEtherWallet.

2. Buy Ethereum (ETH) and send it to your Ethereum wallet.

There are many ways to buy Ethereum and send it to your Ethereum Wallet Address. Basically it comes down to these three steps:

Open an account at an Exchange Buy Ethereum (with your local currency: Euro’s or Dollars) Send the Ethereum to your personal Ethereum Wallet Address.

MyEtherWallet provides a Coinbase widget where you can directly buy Ethereum and send it to your Ethereum Wallet Address (check screenshot below).

Note: Every transaction on Ethereum requires a small portion of Ether to complete the transaction. If you want to participate with 2.5 ETH, make sure you buy at least 2.6 ETH to account for transaction fees (Gas).

Coinbase is one of the biggest cryptocurrency exchanges, and this widget allows you to easily purchase ETH and immediately send it to your wallet. The process is pretty straightforward. Just click on the widget and follow their instructions. You will be asked to fill in your name, the amount of ETH you’d like to purchase, your email address, and your phone number.

When the Blockport pre-sale or public crowdsale is live, you can begin with step 3.

3. Participate in the Blockport Token Sale

If you successfully completed the previous steps, you now have a working Ethereum Wallet and sufficient Ether (ETH) to participate in the Blockport token sale.

Note: Make sure your Ethereum Wallet Address is whitelisted. You can apply for the whitelisting here.

The next step is to send the Ether (ETH) from your Ethereum Wallet to the Blockport Token Sale Address in order to obtain Blockport tokens (BPT).

(The Blockport pre-sale target address and Gas limit will be posted on the website https://blockport.io/)

Now open MyEtherWallet and click ‘Send Ether & Tokens‘.

Note: the Address used in this screenshot is NOT the Blockport token sale address.

Paste the target address into ‘To Address’ field, type in the amount of Ether you want to invest and volume of Gas you’re expecting to spend (recommended Gas Limit and Price will be communicated on our website)

What is Gas and Gas limit?

Every transaction in Ethereum network requires a resource called Gas to be executed. Amount of Gas corresponds to the complexity of a transaction. If you set Gas limit too low, your transaction will fail.

The last thing you have to do is to click ‘Generate Transaction’ and then ‘Send Transaction’.

Note: the Address used in this screenshot is NOT the Blockport token sale address.

That’s it! Now you have successfully participated in the Blockport token sale.

Note: we will publish an article on how to check your BPT balance in MyEtherWallet when the pre-sale has started.

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About Blockport

Blockport is launching its first equity-based fundraising round through a Security Token Offering (STO), launching on the 31th of March 2019.

Register to receive more information about the Blockport STO

Blockport is an Amsterdam-based, fiat-to-cryptocurrency trading platform that strongly focusses on usability and social trading features to provide a secure, efficient and enjoyable experience to its users.

In the back-end, Blockport is connected to external exchanges and aggregates liquidity through its smart-order-routing system to offer the best prices to its users. In the coming year, Blockport is building on a hybrid-decentralized architecture that allows users to trade with high performance, whilst safely storing their funds on a blockchain wallet, meaning they own their private keys.