Ethereum is a unique type of coin. It can produce something called smart contracts, in which an individual can create a whole new coin buy 'burning' a coin. The wallets made are designed to be able to send and receive these tokens.

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The easiest way I know to use an ERC20 wallet is to use the browser extension Metamask. It has the simplest interface while learning about coin wallets.

 

A Simple Guide:

1. Download the extension

2. Generate a wallet key, or supply your own. Please save your key written down in a safe location.

-You can use the same wallet key logged into multiple locations at once.

-Every time you download the extension, you create a password for easy use. It can be different or the same at every computer.

3. When viewing the wallet, there are ethereum transactions list, and then a tab to view tokens in the wallet. You must  use the menu to get the etherscan.io website to view the token transaction history, view all tokens in wallet, and retrieve the contract address.

4. If you have tokens in the wallet, you add the tokens to be view-able in the wallet by adding it's contract address.

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