MyEtherWallet | MEW
WebMEW (MyEtherWallet) is a free, client-side interface helping you interact with the Ethereum blockchain. Our easy-to-use, open-source platform allows you to generate wallets, …
Get secure access to blockchains with Myetherwallet
Crypto wallets are important tools that users require in order to participate in the crypto trade. They act as a gateway to blockchains that are known for uplifting the user’s trade. One can level up his trade only if he is well aware of all the wallets that exist in the crypto world, to compare them and then pick up the one that they found suitable.
Myetherwallet (MEW) is a free Ethereum wallet that has simplified the actions relating to the crypto trade. If you are unaware of the prime processes that you need to perform for using this wallet, then start reading the information covered in this document to the very end.
Myetherwallet: a quick take
It is a non-custodial, open-source crypto wallet that allows users to directly communicate with the blockchainsby staying in control of the crypto assets. This indicates that MEWholds the client-side interface. Users can run this wallet on their relevant mobile devices (Android/iOS) or by installing the “Enkrypt Extension” on their computer/laptop. It allows you to generate wallets, interact with smart contracts and do a lot more activities relating to digital assets. It also supports a hardware wallet.
Operations you can perform with Myetherwallet
Transfer ETH tokens
Swap different cryptocurrencies that are supported by Myetherwallet
Interact with smart contracts
Build your own ETH wallet
A look at MEW products
Several products are offered by Myetherwallet, which are classified into two broad categories. The products offered by it are:
Under Wallet head
MEW Web
MEW wallet
Enkrypt extension
Under Tools head
EthVM
MEWtopia
Help Center
Learn the steps to seamlessly create a wallet
In this part of the read, we will be looking at the fundamental steps involved in creating a wallet on your Android mobile device.
Take a look at the actions to be executed after installing the MEW wallet app on your Android mobile device:
Open the installed MEW wallet app on your device
Tap on “Create a Wallet”
Go through the information listed on the displayed page
You’ll be then asked to create a wallet PIN for securing your wallet data and funds. Create a PIN and re-confirm the same
Once your account will get generated successfully, you will get an option “Start Using MEW Wallet”. Tap on it to start performing wallet activities
Whilst performing these steps remember to create a backup of your recovery phrase. Backing up the recovery phrase helps the users in securing their wallet information.
Unlock your wallet with the PIN
In down the road, whenever you want to access your wallet, you just need to have the wallet PIN with you. The process to get into your wallet again is referred to as the login process. Thus, the actions involved in this case are:
Open the MEW mobile app
When asked, enter the wallet PIN that you created earlier
Adhere to the other on-screen instructions to get into your wallet
Information you should be aware of…
There are a couple of basic pieces of information that investors should be aware of to eradicate the chances of loss happening in the future. The details that you should know are:
Perform the wallet backup information. In case you ever lose the backup wallet information, you won’t be able to recover it, not even the MEWforce
Develop a habit of reviewing the information to eliminate the chances of mistakes
Be aware of phishing scams. Study in deep the offer you are receiving and the source from where you are getting the information
Conclusion
Myetherwalletis a secure, fast, and easy-to-use wallet that aims at rendering seamless trade operations to crypto users. You can do a lot of crypto activities through this wallet securely. However, there are certain things that you must be aware of like keeping all the wallet-related information confidential. Further, in case you encounter any issue relating to the wallet or lost the plot, then you can seek assistance from the “Help Center” of the wallet that carries answers to all the general queries of the wallet users.
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