common-close-0
BYDFi
Trade wherever you are!

What are the steps to verify that the Ethereum you purchased on Coinbase is the correct token?

avatarAsher JavierDec 30, 2021 · 3 years ago3 answers

How can I ensure that the Ethereum I bought on Coinbase is the genuine token?

What are the steps to verify that the Ethereum you purchased on Coinbase is the correct token?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    To verify the authenticity of the Ethereum you purchased on Coinbase, you can follow these steps: 1. Check the transaction details: Go to your Coinbase account and find the transaction history for the Ethereum purchase. Verify that the transaction details match the amount, date, and recipient address. 2. Verify the transaction on the blockchain: Use a blockchain explorer like Etherscan to search for the transaction hash or recipient address. Confirm that the transaction is recorded on the Ethereum blockchain. 3. Check the token contract address: Find the Ethereum token contract address for the specific token you purchased. Compare it with the contract address of the token you received. You can find the contract address on reputable token listing websites or by searching for the token's official website. 4. Cross-reference with reputable sources: Check multiple reliable sources, such as official project websites, community forums, and social media accounts, to ensure that the token you received matches the correct Ethereum token. Remember, it's always important to exercise caution and conduct thorough research before making any cryptocurrency transactions.
  • avatarDec 30, 2021 · 3 years ago
    You can make sure that the Ethereum you bought on Coinbase is the real deal by following these steps: 1. Double-check the transaction details: Take a look at your Coinbase transaction history and verify that the details of your Ethereum purchase match what you expected, including the amount, date, and recipient address. 2. Confirm the transaction on the blockchain: Use a blockchain explorer like Etherscan to search for the transaction hash or recipient address. This will allow you to see if the transaction has been recorded on the Ethereum blockchain. 3. Verify the token contract address: Find the contract address for the specific Ethereum token you purchased. Compare it with the contract address of the token you received. Reputable token listing websites or the token's official website can provide you with the correct contract address. 4. Seek information from trusted sources: Consult official project websites, community forums, and social media accounts associated with the token to ensure that you have received the correct Ethereum token. By following these steps, you can have more confidence in the authenticity of the Ethereum you purchased on Coinbase.
  • avatarDec 30, 2021 · 3 years ago
    When it comes to verifying the Ethereum you bought on Coinbase, you can take the following steps: 1. Review the transaction details: Go to your Coinbase account and check the transaction history for the Ethereum purchase. Make sure the details, such as the amount, date, and recipient address, match your expectations. 2. Validate the transaction on the blockchain: Utilize a blockchain explorer like Etherscan to search for the transaction hash or recipient address. This will enable you to confirm if the transaction has been recorded on the Ethereum blockchain. 3. Confirm the token contract address: Locate the Ethereum token contract address for the specific token you purchased. Compare it with the contract address of the token you received. You can find the contract address on reputable token listing websites or by visiting the token's official website. 4. Consult reliable sources: Check multiple trustworthy sources, including official project websites, community forums, and social media accounts, to ensure that the token you received aligns with the correct Ethereum token. Taking these steps will help you verify the authenticity of the Ethereum you purchased on Coinbase.