Recently, I purchased a Ledger Nano X and with it, I can now store cryptos in my private storage wallet. My first successful transfer was for Bitcoin from my CryptoTab Browser earnings (more can be read on it ), followed by my first successful Etherium transfer (more can be read on it
I wasn't so confident about doing an AMPL transfer just yet for the simple reason that I hadn't done my homework on the creation of and functions of the AMPL token (more on AMPL ) and to what blockchain it belonged to.
The long and short of it is that I discovered that AMPL is based on the Etherium blockchain (ERC-20). When I tried to create an account to receive AMPL through my Ledger Nano X, it returned the same wallet address that was given when I created my Etherium account.
Now, I know why.
I gave this same Etherium wallet address to withdraw AMPL tokens on PublishOx's withdrawal page and it was immediately accepted. I proceeded to withdraw my AMPL tokens and awaited confirmations. After just a few days, I received an email notice that the transfer was successfully completed.
But was it really? I was still nervous I might have made a mistake. When I brought up the LEDGER app, there to my relief were all my AMPL tokens. They had been received to my Etherium account.
I'm fairly new at the whole crypto game. It's even funnier that I'm getting involved just as the cryptosphere is experiencing a downturn. The system needed a good cleansing anyways. In the meantime, I can say that my small stash of crypto is safe and not held by some exchange.
I feel that by owning my own cold storage wallets, I'm becoming my own little central bank, freeing myself from faceless banker middlemen who keep trying to skim little pieces off of MY pie!
Hands off my pie!
Peace and Love to everyone.
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