101 | Ethereum to AppCoins

In order to buy AppCoins you will also need Ethereum. Here is everything you need to know about the cryptocurrency.

INDEX:

  1. What is Ethereum?
  2. What does Ethereum have to do with AppCoins?
  3. What is gas money?
  4. How much Ethereum do I need to do a transaction?
  5. How to process a transaction?
  6. How can I buy Ethereum?
  7. How to buy AppCoins?
  8. What’s the difference between AppCoins and AppCoins Credits?

What is Ethereum?

What does Ethereum have to do with AppCoins?

What is gas money?

How much Ethereum I need to do a transaction?

How to calculate the transaction fee:

You can calculate the cost of a transaction fee at any time by multiplying the current gas price by the current gas limit (i.e., gas price x gas limit = transaction cost).

How to process a transaction:

  1. For the process to begin, the transaction needs to be selected from the list. The transactions are selected based on the gas price you’ve chosen, which means the higher the price you select, the higher the probability your transaction will be picked first.
  2. Once your transaction is chosen, the process will start and continue to run until the necessary gas limit is achieved.

Once the process starts, one of two things may happen: you can either accomplish a successful transaction, or the transaction will fail if you do not have enough funds to process the full transaction.

NOTE: The gas limit you have chosen can be reached if the transaction takes too long to be processed, and if this happens, you will not get your gas money back.

Bear in mind that:

  • If you set a value too high for the gas price and too low for the gas limit, your transaction could be picked but might not have enough gas units to be processed.
  • If you set a low value for the gas price and a high limit for your transaction, it may never be picked to be processed.

With these rules in mind, let us show you how you can make a transaction involving Ethereum in the AppCoins Wallet:

Once you’ve inserted the recipient wallet address and set the amount you wish to transfer, a confirmation screen will appear. Here you will be able to see the transaction details (i,e. “From” “To” “Gas Price” “Gas Limit” and “Network Fee”). There is an edit button in the top right corner that will take you to the screen to edit the gas price and gas limit values.
You can edit both separately and save the values you’ve picked. After saving the new values for the gas price and gas limit, the confirmation screen will be updated to show you a new network fee based on the values you’ve selected. After this, you can proceed to make your transfer.

NOTE: The value suggested by us is based on the information received from the network. Editing the previously established information could directly impact the transfer’s success.

More about gas and fees: https://ethereum.org/en/developers/docs/gas/

Check current gas price: https://ethgasstation.info/

How can I buy Ethereum?

Step 1:

  1. Create an account in Coinbase.
  2. Go to the section “Trade” on Coinbase, and click on “Buy”.
  3. Select amount you wish to transfer and follow through with the payment.
  4. Select which cryptocurrency you want to buy and how much you want to buy. According to our example, you should select ETH. Leave the Coinbase tab open, as you will need it for the next step.

Step 2:

  1. Create an account on Binance.
  2. Go to “Wallet” in the navigation bar, and select the option “Balances”.
  3. Search for ETH and you will find three different clickable categories, choose the option “Deposit”.
  4. You will find the ETH Deposit Address, this is the address that you will use in Coinbase, in order to send ETH to Binance.
  5. Copy the address and go back to the Coinbase page to finish the transfer.
  6. Back on your Coinbase account, go to the “Accounts” section of the navigation tab. (as seen below)
  7. Below “ETH Wallet”, it should display a positive number. Click on the button “Send” right below your ETH credit.

8. On the section “Wallet Address” (as the image shows below) you only need to paste the wallet address you copied from Binance, and select the amount of ETH you want to transfer.

How to buy AppCoins?

Back to Binance, it usually takes only a few minutes until you are able to see the transferred ETH credit on your account. Go to the top navigation bar, select “Trade” and then “Balances”. You will see the positive balance on the Ethereum bar. After confirming that the transfer was successfully concluded, you can go back to Binance main page and search for APPCon the search query.

  1. Click on top of the APPC/ETH, and you will be directed to a page that displays the current price of APPC with its paired coin (ETH), and data from the latest transactions.
  2. Below the graphics from selling and buying transactions you will find a place to Buy and Sell APPC, as you can see on the table below.
  3. Decide the specific amount of AppCoins you want to purchase or select the percentage of your ETH balance that you want to spend on your purchase, from 25% to 100%.

4. After deciding the amount, you only need to click on “Buy APPC” and the process is complete! Soon you will be able to see your positive APPC Balance on Binance, or any other exchange that you have selected.

Now that you have successfully bought your AppCoins, you will need to make sure you have the gas money in order to use them to make an in-game purchase.

What’s the difference between AppCoins and AppCoins Credits?

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