MyEtherWallet is an official wallet for storing ETH cryptocurrency and tokens based on the ERC20 protocol.
MyEtherWallet wallet ranks first in all expert ratings and is considered one of the most reliable cryptocurrency stores that supports many tokens.
MyEtherWallet is a service that provides access to tokens through a browser and is stored in the computer's memory. And this means that the user does not risk losing his funds, since they are not transferred for storage to a third-party resource, and all access keys are again stored only by the user.
Advantages of MyEtherWallet:
- Very high level of reliability.
- Storage keys are user only
- Popularity
- The ability to store all tokens in one place
- Online and offline versions
- Open source
- No need to download to computer
How to create MyEtherWallet
- Make sure that you are on the official website. www.myetherwallet.com
- Select the New Wallet tab.
- You will see a field to create a password of nine or more characters.
- Create a password and click “Create Wallet”.
- A window will appear where you will be offered options for access to the created wallet. Recommended Keystore / JSON File.
- Download files to store keys and click on the Understand. Continue. (I got acquainted. I agree) Keep the file better on external media.
- After clicking the “Understand. Continue ”, the wallet will create a private key to enter the wallet.
- After saving the addresses and keys, you must go through the procedure of entering the wallet from the very beginning. In order to enter the personal account of the wallet, click “Wallet Information”.
- Select the access method through the Keystore / JSON File that you have already saved on your computer. Next, click on “Select a file with wallet” and upload it.
- Enter the password and click “Unlock”. After each step or move to another section, you must re-log in.
All wallet is ready to go!
How to charge MyEtherWallet
In order to replenish the wallet you need to transfer ETH to his address. It will be listed in the wallet office.
To receive and send currency you need:
- Go to the “Wallet Information” section and log in.
- Select the Send Ether & Tokens section and fill in the required fields. For example, Private Key access.
- Specify the same nine-digit (or more) password.
- After clicking Unlock opens the wallet window.
Now you can replenish your wallet, transfer funds and store your tokens.
It is important to remember that no one has canceled the commission yet. For transactions, a commission is charged - Gas'a. The server determines its size automatically and debits it from the account.
How to get ICO tokens
If you have decided to participate in the ICO, and buy tokens of one of the projects, then you will need a vault for this. MyEtherWallet is perfect for this purpose.
To purchase tokens you will need:
- Convert Fiat to Cryptocurrency.
- Transfer the cryptocurrency (often bitcoin or ether) to the wallet.
- Take part in the selected ICO by sending your currency to the address of the company arranging it (it is important to send only from your wallet MyEtherWallet, and not from the crypto-bureau).
- To get ERC20 tokens, you must provide the sender with the address of your wallet ETH and the tokens will be stored on it.
- Check the availability of tokens on the Ethplorer.io website “Transaction History Tokens”. This is the line to the right at the very top under your balance.
At last
Service exists not the first year and has established itself as a whole positive. Among the various online wallets, MyEtherWallet is easy to use, stable in operation and does not require special knowledge and skills. The only drawback is the frequent authorization before any actions with the wallet.