HOW TO JOIN AN INITIAL COIN OFFERING
Go to https://www.myetherwallet.com/
You will be prompted to create yourself an Ethereum wallet. And exactly this is what you want to do! Just type in a secure password and press on the blue button.
Your wallet has been generated following some RNG (random number generator) algorithm. Now you should save this file on a device you know is safe; for example a USB-Stick or your computer. Then press on the red button.
Now you need to secure your private key. Here is a blog article we have already written about Bitcoin private keys, but it’s the same with ethereum private keys.
The best way to secure your private key is to click on the ‘Print Paper Wallet’ button and print out the image. Place this paper wallet in a hidden and reliable place; for example in a vault.
There are 5 possibilities to access your just created ethereum wallet – the two easiest ones are Keystore File and Private Key. We selected Private Key and typed the code we saved in step 3 in. Now press on ‘Unlock’ to open up your Ethereum Wallet on MyEtherWallet!
After unlocking your myEtherWallet, you can see your public address. This is the address you need to send Ethereum to. IMPORTANT: YOU CAN NOT SEND BTC! If you don’t already have ETH, you can easily convert BTC to your new ETH address over https://shapeshift.io/
When the initial coin offering starts, you need to send ether over the menu ‘Send Ether & Tokens’ to the address stated in the ICO. You will automatically get the token over a smart contract to your myEthereumWallet. Simple and convenient.
Congratz, you have joined the ICO and will receive the tokens shortly!