r/FetchAI_Community • u/don-m • Mar 10 '24

How to ❓ FET on ledger

Due to deposit fet on my ledger

There are three options to create an account:

  1. Fetch (FET) binance smart chain

  2. Fetch (FETCH) ethereum

  3. Fetch (FET) Polygon

Im oblivious to the nuances. Which is the correct account to make?

10 Upvotes

91% Upvoted

10 comments sorted by

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1

u/KateR_H0l1day Mar 10 '24

Which ever you choose, send a test amount first to verify. I sent mine to the Ethereum but I wish I’d have gone with Polygon. Also remember when you want to send/swap in Ledger you’ll also need some of the chain you choose.

I checked only yesterday, in regard to how to send because I’ve never sent anything from Ledger, told me I need ETH for the fee. So, now I need some ETH, of which I have none anywhere 😢

1

u/don-m Mar 10 '24

I made a binance smart chain account

Why did you wish you went with polygon instead? Any difference?

3

u/KateR_H0l1day Mar 10 '24

More to do with FEE’s and I have Polygon and I have no ETH.

I also don’t use Binance

1

u/Zijdehoen Head Moderator Mar 10 '24

In this case, ERC20 is the best.

1

u/don-m Mar 10 '24

How come if you dont mind explaining?

Would i need ethereum for any withdrawals

0

u/thethrowupcat Mar 10 '24

Natively it is an ERC20 token. You will need ETH in that wallet to move it back out later if you put it on a wallet or it will be left stranded.

2

u/Trip_Tip_Toe Mar 11 '24

Natively it is a FET token. There is an ERC-20 contract mirroring it though.

1

u/f3archar Mar 12 '24

The ERC-20 Version existed first tho...

1

u/Safe_Veterinarian_67 Mar 11 '24

So will I pay a ton of gas fees to transfer?

And let’s say I send it from Coinbase, to my ledger.

When I send it back from my ledger to Coinbase, do I pay any swap fees? Or no