Tweet Who is Eligible to Participate?
First you need to determine if the ICO or Token Sale is a securities offering see here simple binary option full explanation. If it is a Security Token and you are located in the United States, you must be an accredited investor and prove your accreditation status. You may also be able to participate if you are a non-US resident some other countries may be blacklisted as well.
To participate in security token sales, you will have to prove your status. If you are not an accredited investor, you will likely not be able to proceed in participating in the ICO, but you will be able to purchase the coins once they are listed on an exchange.
For utility tokens, eligible purchasers include all US and non-US participants. Token Sales last for a predetermined length of time or for predetermined amount where can you buy tokens funds and information can be found on the website of the Token you wish to purchase. If you have not done this already, you can see our tutorial at: How to set up a MyCrypto Wallet.
When you visit the website of the Token Sale, the company will have you register your email address and create a password to access. Once you confirm your email address via the email they send you, you will be able to log in to the Token Sale Portal this is also the step where Security Tokens will ask for Know Your Customer KYC forms for you to confirm your accreditation.
It should look something like: Enter the amount of ETH you want to contribute this amount must be held in a Hardware or Software wallet and then enter your Public Address.
Not only will this allow the Token Sale to receive the Ethereum you want to contribute, but it is also the address that they will send the tokens you buy to. Do not enter an address from an exchange.
When the company sends your tokens back to the address, the exchange will not be equipped to receive them. How to Claim What You Purchased Once the sale has ended and the company reconciles all contributions, they will email you and let you know that the Token disbursement has occurred. They will also give you a set of information that will allow you to add the Token to your wallet, if it does not have it currently listed.