Frequently Asked Questions (FAQ)
Get quick answers to the most common questions about CoinBuddy and token creation.
General Questions
What is CoinBuddy?
CoinBuddy is a user-friendly platform that allows anyone to create custom ERC-20 tokens without coding experience. We support multiple blockchains and offer both simple and advanced token features.
Do I need coding experience to use CoinBuddy?
No! CoinBuddy is designed for non-technical users. Our interface guides you through the token creation process step-by-step, requiring no programming knowledge.
Which blockchains does CoinBuddy support?
We support both testnets and mainnets for multiple blockchain networks.
For the complete list of supported networks, please visit our Supported Networks page.
Is CoinBuddy free to use?
CoinBuddy itself is free to use. However, you'll need to pay blockchain gas fees for deploying your token. These fees go directly to the network validators, not to CoinBuddy.
Are tokens created on CoinBuddy legitimate?
Yes! All tokens created through CoinBuddy are legitimate ERC-20 tokens deployed directly to the blockchain. They have the same validity as tokens created through traditional smart contract development.
Token Creation
What's the difference between Simple and Advanced tokens?
Simple Tokens:
- Basic ERC-20 functionality
- Fixed supply only
- Lower gas costs
- Perfect for beginners
Advanced Tokens:
- All Simple Token features plus:
- Custom fees and reflections
- Supply control (minting/burning)
- Security features (pause, blacklist)
- Higher gas costs
How long does it take to create a token?
Token creation typically takes 2-5 minutes:
- Setup: 1-2 minutes to configure parameters
- Deployment: 1-3 minutes for blockchain confirmation
- Verification: Immediate once confirmed on blockchain
Can I modify my token after creation?
This depends on the features you enabled:
Always Possible:
- Transfer tokens to other addresses
- Transfer ownership to another address
Only with Advanced Features:
- Pause/unpause transfers (if enabled)
- Mint new tokens (if enabled)
- Burn existing tokens (if enabled)
- Manage blacklist/whitelist (if enabled)
Never Possible:
- Change token name or symbol
- Modify basic supply (unless minting/burning enabled)
- Add features that weren't included at deployment
What happens if I make a mistake during creation?
Before Deployment: You can modify settings until you click "Create Token"
After Deployment: Token settings are mostly permanent. However:
- You can create a new token with correct settings
- Advanced features may allow some modifications
- Transfer tokens from incorrect to correct token if needed
Costs and Fees
How much does it cost to create a token?
Gas fees vary by network and congestion:
Simple Token: $20-50 USD equivalent
Advanced Token: $50-150+ USD equivalent
Cost-saving tips:
- Use testnets for free testing
- Deploy during off-peak hours
- Choose lower-cost networks (Polygon, BSC)
Why are gas fees so high?
Gas fees are determined by:
- Network congestion: Higher demand = higher fees
- Token complexity: Advanced features require more gas
- Network choice: Ethereum mainnet is typically most expensive
Gas fees go to network validators, not CoinBuddy.
Can I get a refund if my transaction fails?
Failed transactions: Gas fees are still consumed by the network, even if the transaction fails. This is a blockchain limitation, not a CoinBuddy policy.
Prevention tips:
- Test on testnets first
- Ensure sufficient gas funds
- Double-check all parameters
Technical Questions
What token standard does CoinBuddy use?
All CoinBuddy tokens are ERC-20 compliant, which means they:
- Work with any ERC-20 compatible wallet
- Can be traded on decentralized exchanges
- Follow industry-standard interfaces
- Are compatible with DeFi protocols
How do I add my token to my wallet?
- Copy contract address from CoinBuddy after creation
- Open your wallet (MetaMask recommended)
- Go to "Import Token" or "Add Token"
- Paste contract address and verify details
- Add token - it should appear in your wallet
How do I add my token to exchanges?
Decentralized Exchanges (DEXs):
- Create liquidity pool with ETH or stablecoin pair
- Add liquidity to enable trading
- Token becomes immediately tradable
Centralized Exchanges:
- Meet exchange listing requirements
- Apply through exchange's listing process
- Requirements vary by exchange
Can I verify my token contract?
Yes! After creation:
- Visit blockchain explorer (Etherscan, PolygonScan, etc.)
- Find your contract using the contract address
- Submit for verification using the contract source code
- Verification shows your token is legitimate and auditable
Advanced Features
What are reflective tokens?
Reflective tokens automatically distribute a percentage of each transaction to all token holders as rewards. This creates passive income for holders but is incompatible with minting, burning, and some other features.
Can I enable both blacklisting and whitelisting?
No, these features are mutually exclusive. You can enable either:
- Blacklisting: Block specific addresses from using the token
- Whitelisting: Allow only approved addresses to use the token
But not both simultaneously.
What happens to fees collected from transactions?
Transaction fees (if enabled) are sent to a designated recipient address in the form of your token. This recipient address is specified during token creation and can be:
- Your wallet address
- A treasury or marketing wallet
- A smart contract for automatic distribution
Can I remove advanced features after deployment?
Most advanced features cannot be completely removed after deployment. However:
- Ownership can be renounced to make the token fully decentralized
- Pausable features can be permanently unpaused (one-way change)
- Access control lists can be cleared but the capability remains
Plan carefully before enabling advanced features.
Security and Safety
Is it safe to use CoinBuddy?
Yes, CoinBuddy is designed with security in mind:
- No private key access: We never see or store your private keys
- Direct blockchain deployment: Tokens are deployed directly to blockchain
- Open source contracts: Contract code is auditable and transparent
- Non-custodial: You maintain full control of your tokens
What should I do if I lose my contract address?
Recovery methods:
- Check MetaMask history for deployment transaction
- Use transaction hash on blockchain explorer
- Check "My Tokens" section in CoinBuddy
- Review browser history for previous sessions
- Check any confirmation emails you may have received
Prevention: Always save contract address and transaction hash immediately after deployment.
Can someone steal my tokens?
Token security basics:
- Your wallet, your tokens: Only you control tokens in your wallet
- Smart contract security: Tokens follow standard ERC-20 security
- Advanced features: May include additional security controls
Protection tips:
- Never share private keys or seed phrases
- Use hardware wallets for large amounts
- Verify addresses before sending
- Be cautious with DeFi interactions
Using Your Token
How do I distribute my tokens?
Distribution methods available in CoinBuddy:
- Single Transfer: Send to one recipient
- Bulk Transfer - Same Amount: Equal distribution to multiple recipients
- Bulk Transfer - Different Amounts: Custom amounts to different recipients
External distribution:
- Airdrop tools and platforms
- DEX liquidity provision
- Direct marketing and community building
How do I create liquidity for trading?
- Choose a DEX (Uniswap, PancakeSwap, etc.)
- Create token pair (usually with ETH or stablecoin)
- Add liquidity by depositing both tokens
- Receive LP tokens representing your liquidity position
- Enable trading for your token
Important: Start with small amounts to test functionality.
Can I use my token for governance?
ERC-20 tokens can be used for governance through:
- Snapshot voting: Off-chain governance platform
- On-chain DAOs: Smart contract governance systems
- Custom governance: Build your own governance mechanisms
Advanced tokens with additional features may offer more governance capabilities.
Troubleshooting
My transaction is taking a long time
Normal wait times:
- Ethereum: 2-15 minutes (can be longer during congestion)
- Layer 2 networks: Usually under 5 minutes
- Other networks: Generally 1-10 minutes
If it's taking too long:
- Check transaction on blockchain explorer
- Verify you set adequate gas price
- Network congestion can cause delays up to 30+ minutes
I can't see my token after creation
Common solutions:
- Wait for confirmation: Allow 2-5 minutes for blockchain confirmation
- Add to wallet manually: Use contract address to import
- Check correct network: Ensure wallet is on deployment network
- Refresh interface: Reload CoinBuddy page
- Verify transaction: Check success on blockchain explorer
My token isn't working as expected
Diagnostic steps:
- Review enabled features: Check what you activated during creation
- Test basic transfers: Try sending small amounts
- Check advanced settings: Verify feature configurations
- Consult compatibility matrix: Ensure feature combinations are valid
For detailed troubleshooting, see our Troubleshooting Guide.
Getting Help
Where can I get more help?
Self-help resources:
- Troubleshooting Guide: Comprehensive problem-solving
- Documentation: Detailed feature explanations
- Getting Started Guide: Step-by-step tutorials
Community support:
- Discord server for real-time help
- Community forums for discussion
- Social media channels for updates
Direct support:
- Support tickets for technical issues
- Email support for account problems
How do I report a bug or issue?
Before reporting:
- Try troubleshooting steps from our guide
- Test on different browser/device if possible
- Check if issue is network-related
When reporting:
- Provide transaction hash (if applicable)
- Include screenshots of errors
- Describe steps to reproduce
- Mention browser and wallet used
Need Help?
- Token Creation Guide: Learn how to create your own token.
- Troubleshooting Guide: Solve common problems.
Ready to get started? Visit coinbuddy.io and begin your journey!