Why do I need ETH in my wallet, and where can I purchase some?
As IDON is an ERC20 token on the Ethereum blockchain, it is necessary to pay gas fees for transactions on the Ethereum blockchain, in the form of ETH (Ether).
You will need a small balance of ETH on the same wallet address that you have your IDON stored on, in order to be able to do transactions from one wallet to another wallet. For example, if you want to make a payment with IDON on the Idoneus Platform, this is a transaction on the Ethereum blockchain, for which a gas fee in ETH will be charged. Or if you want to make a payment with IDON, and send them from one wallet to another, you will be charged an ETH gas fee.
There are numerous places where you can buy ETH, however, options that utilize accounts/wallets that you may already have, are:
- Trust Wallet
- Coinbase Wallet
- Ledger Live
- Cryptocurrency Exchanges such as Kraken, Binance, BitStamp, etc.
Other reliable places where you can buy ETH with various payment options (credit card, bank transfer and others) are:
Beyond these options, there are literally hundreds of other places. Even certain banks provide options to buy cryptocurrency. Please do your research if you are not using one of the listed options above. When in doubt, please send a message to firstname.lastname@example.org to ask for help.