Digital Assets
What wallets are required for participating in a digital asset sale?
Funding wallet
The funding wallet is your own personal wallet that you will pull funds from. You can obtain an Ethereum wallet address from many different providers, but some popular choices include Republic Wallet, Coinbase Wallet, Trust Wallet, Metamask, and Atomic Wallet. Every wallet provider has pros and cons. We recommend researching your options and finding one that’s right for you. Issuers of token sales may have more specific wallet instructions that will be listed for sale.
Payment wallet
Because tokens are issued on a blockchain, you'll need a wallet address on the blockchain to pay for the investment and a separate wallet to receive the tokens. The wallet you use to receive your tokens will vary per offering, and you can thereafter transfer the received tokens from the receiving wallet to a wallet of your choice.
Receiving wallet for collecting the investment
You should provide an address that:
- belongs to you and
- can receive tokens on the blockchain where the token is issued.
Using an exchange wallet will create a delay for transactions so we highly recommend a self-custodial wallet (e.g Republic Wallet, Coinbase Wallet, Metamask, Exodus, etc.). However, if you wish to use a Coinbase exchange wallet, Bitpay’s payment protocol is supported. If you wish to use Binance, you must move your funds to a supported wallet and execute your transaction with your selected supported wallet.
Republic will not validate your wallet address for accuracy, so make sure you are using the appropriate wallet address to receive the tokens during distribution. If you are having issues determining the appropriate wallet address, reach out to the issuer to learn more. You will never be using the Bitpay wallet or an exchange wallet to receive your tokens from the issuer.
If you need to change your wallet address, reach out to our support team at crypto@republic.co. However, once a token distribution event begins, you will no longer be able to change your address.