MyEtherWallet alternative for UK operators

Node Operators
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1

Hi,

I’m sure this has come up at some point but a search of the forum didn’t show any other operators with the same issue.

I have run a node in the UK for a few years and use MyEtherWallet for my payouts. Since last year MEW is no longer accessible in the UK. Luckily my old mobile phone still has the MEW app on it so I can get to my wallet (at the moment) and transfer my Storj out in Kraken. This is only good whilst my old phone can still access the app. It is not possible to download MEW from the Google Play store on to my new phone or side load it.

With this in mind I would like to change my payments to some other wallet. Has anyone else in the UK had a similar issue and what did you do to overcome this? I don’t want to be in a situation where i’m being paid into a wallet that I can no longer access.

I’ve seen various other payment methods but was confused on how to set them up and change my config to a new service.

Any help would be greatly received.

Dan

2

I think Crypto.com is available in the UK? They accept STORJ: and if you also have one of their Visa cards it makes it very easy to buy stuff with your payouts.

It should be as simple as swapping in your new wallet address into the start command (or docker-compose.yml)… and after the next month-end your payouts should be sent to the new place.

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3

I’ll look into that, thank you!

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4

The payout goes to an eth address so you can access that address with another app i.e. metamask

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5

Thanks for the info Andrew.

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what I do is just have the money go to my kraken exchange address. which is great because I sell anyway.

i had previously used metamask though. it was fine.

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So are you saying I can just change the wallet address in Storj to my Kraken wallet address and my payments will go straight in there?

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8

yepper. saves a transfer step.

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9

Thats awesome! Thank you for your help! I’ve been trying to figure out the best way to do this for ages and didn’t realise it was as simple as that.

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10

Read kraken documentation on how to receive tokens. Likely your receive address for storj tokens will differ from your wallet address.

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Please note, the deposit address of the exchange is not your wallet, it’s their wallet (because you do not have a private key from it), so there is a risk involved, when you do not own keys from the address, like locking your funds or possible automatic address change or a wrong deposit address (usually exchanges generates an own address for each token/coin).

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12

Thank you for the info Alexey. I will look at moving deposits into Kraken off the exchange and into a wallet that is mine.

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13

It works, but there was a minimum limit for the amount received introduced some months ago.
Every deposit below this minimum will not be credited and is lost.

So look for the current limit and use this way only if your expected payment exceeds the limit with a great safety buffer, since the price can go up and reduce the number of coins to receive below the limit.

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One of the nasty side effects when getting paid with crypto instead to your bank account. Imagine if your bank would behave the same way…

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They do. They have a minimum amount. Not all, but well…

The solution in that case is simple - use Metamask, not the deposit address. Or even better - the hardware wallet. It would by like a card.

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Well my bank doesn’t. If someone sends 1 Eurocent to my bank account it will be credited. And actually I have never heard of a bank in Europe that simply keeps received transferred funds if they don’t meet a certain minimum.
Can you name one?

But then you have to pay any fee yourself when you transfer it to where you can exchange it. So transfer fees have to be paid twice and the amount to beaer cann not be predicte due to the volatile nature of cryptocurrency.

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It is not a crypto thing. It’s a Kraken thing. I would use different exchange that does not do that bullshit. They are generally a very shitty company. Just look at the number and type of lawsuits they had settled.

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Unfortunately not, others are having such rules as well.
At least some will credit the funds when the total amount exceeds the required minimum. So if you send multiple funds that are too low they credit the total once it meets the minimum.

This doesn’t happen with banks though.

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I set address for withdrawals to my Trezor hardware wallet. I will let coins accumulate for a bit, and once reasonable amount is gathered, I will send/swap it once in one transaction to an exchange.
Maybe I could save on one less transaction, but would my coins be safe on an exchange? Absolutely no. I am OK to have funds on an exchange for a day, but not for 365 days a year, unnecessarily. If you still have doubts why:

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Or you can receive on exchange, convert to currency and send to your bank in 2 seconds, and not waste time with hardware wallets, transactions, and all that noise, let alone for a pocket change storj pays.

Risk holding your coins is much higher than risk of any exchange breach or disappearance.

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