Multisend ETH or ERC20 Tokens to Multiple Recipients
Multisend ERC20 tokens on Ethereum FAQ
Can you send ETH to multiple addresses in one transaction?
What does multisend ERC20 token mean?
What is a token multisender dApp on Ethereum?
How do I send ERC20 tokens to multiple addresses on Ethereum?
To send ERC20 tokens to multiple addresses, you can use a token multisender dApp or smart contract. Such dApps allow you to input a list of recipient addresses and corresponding token amounts. Then you can initiate a single transaction to distribute the tokens to all the specified addresses.
Token Tool provides an intuitive interface to carry out the process in an easy manner. Simply connect your wallet, go to the “Distribute Token” function and select the token you would like to multisend. Copy and paste a list of addresses with the respective token amount that you want to send to each address. Alternatively, you can upload a .csv, .xls or .txt file with the list.
The list should include each recipient address and the respective token amount separated by a comma (note that there must NOT be a space after the comma: [Wallet Address],[Amount]).
Each address has to be on a newline like in this example:
How do I multisend ETH or ERC20 tokens to multiple addresses in one transaction?
Is there a limit to the number of addresses I can multisend tokens to?
Why would I need to multisend tokens?
What is a token airdrop?
How to airdrop tokens with a token multisender dApp?
How much does it cost to multisend tokens to many addresses?
The cost of multisending tokens to many addresses depends on the gas fees of the blockchain network used. It also depends on the complexity of the smart contract utilized. Programming your own smart contract can be expensive and complex. Hence leveraging multisender dApps like Token Tool can make the process more reliable and less costly.
Sending tokens to multiple addresses in a single transaction is generally more cost-effective than sending individual transactions. It does still incur gas fees for each operation performed on the blockchain.
With Token Tool, distributing ERC20 tokens on Ethereum costs USD 1 per address + gas fees. The fees are paid in ether (ETH) which is the native cryptocurrency of Ethereum.