MyEtherWallet (MEW): keys, security, fees and reviews

Software wallet

In short

Key control: Self-custodial: the user alone holds the keys and seed phrase; MEW does not hold or store assets and creates no account.
Fees: Wallet: Free to create a wallet and send ETH and tokens; network (gas) fees apply.
Risks and caveats: Losing the keys or recovery phrase can mean permanently losing the funds; MEW cannot restore them.
Checked: 1 November 2026

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Key facts

Wallet type: Software wallet
Who holds the keys: the user (self-custody)
Developer: MyEtherWallet, Inc.
Platforms: iOS, web
Open source: yes
Official site: myetherwallet.com

Key facts checked on 1 November 2026 against official sources.

What is MyEtherWallet (MEW)

MyEtherWallet (MEW) is a free, open-source, self-custodial Ethereum wallet made by MyEtherWallet Inc. and running since 2015. Today it is a family of products: the MEW Mobile app, the MEW Portfolio web interface for connecting existing and hardware wallets, and the separate Enkrypt browser-extension wallet.

Who holds the keys

Who holds the keys — MyEtherWallet (MEW)
Parameter	Details
Key control	Self-custodial: the user alone holds the keys and seed phrase; MEW does not hold or store assets and creates no account.
Seed phrase	The mobile app backs up wallets with a 24-word recovery phrase and does not let users view or export individual private keys.
Key storage	On phones, keys are encrypted several times, including with a key from Android Keystore or the iOS Secure Enclave, and stored only on the device.
Recovery	MEW cannot recover lost keys or recovery phrases.

Features and supported networks

Features and supported networks — MyEtherWallet (MEW)
Parameter	Details
Platforms	MEW Mobile app (iOS and Android), MEW Portfolio web interface, Enkrypt browser extension; ethVM block explorer.
Supported networks	All products: ETH and ERC-20 tokens. MEW Mobile adds Bitcoin, Arbitrum, Optimism, Base, BNB Smart Chain, Polygon, Solana and zkSync; MEW Portfolio also supports Bitcoin and many EVM networks; Enkrypt supports dozens of networks.
Swaps	Swaps of ETH, ERC-20 tokens and BTC through integrated third-party decentralized providers.
Staking	ETH staking from the wallet: full 32 ETH validators or liquid staking with no minimum.
Hardware wallet support	Ledger, Trezor and other major hardware wallets through MEW Portfolio and Enkrypt.
NFTs	NFTs from several chains on mobile and desktop.
Privacy	MEW states it does not track personal data, addresses or balances.

Security and audits

The MyEtherWallet web code is open source on GitHub under the MIT licence; the latest release is v7.8.0 of 29 October 2026.
Runs a bug bounty programme on HackenProof (previously on HackerOne).
The mobile app stores keys only on the device, encrypted with a master key, the PIN or biometrics and the phone's hardware keystore.

Fees

Fees — MyEtherWallet (MEW)
Parameter	Details
Wallet	Free to create a wallet and send ETH and tokens; network (gas) fees apply.
Subscription	Some MEW Mobile features need a paid monthly or yearly subscription billed through the App Store or Google Play.
Swaps	Swaps are run by third-party providers under their own terms.

History

History — MyEtherWallet (MEW)
Date	Event
2015	MyEtherWallet launched as one of the first Ethereum wallets.
20 October 2019	The old "Vintage" MyEtherWallet site was discontinued. Wallets made on it open on the current site, www.myetherwallet.com, with the same access method.
21 November 2019	The source repository of the vintage version (MyEtherWallet/etherwallet) was archived and is now read-only.
1 October 2026	Terms of service updated.
29 October 2026	Web wallet release v7.8.0 published on GitHub.

Risks and caveats

Losing the keys or recovery phrase can mean permanently losing the funds; MEW cannot restore them.
Blockchain transactions sent from the wallet cannot be reversed.
The terms say the site is provided for use by persons in the United States; users elsewhere use it on their own initiative.
Swaps and other integrated services are run by third parties that MEW does not control.

About the developer

Developer: MyEtherWallet Inc.
Legal entity: MyEtherWallet Inc., a Delaware corporation based in Altadena, California, USA.
Founded: 2015

Official links

Website: www.myetherwallet.com
Support: help.myetherwallet.com/en
Source code: github.com/MyEtherWallet/MyEtherWallet
Terms: www.myetherwallet.com/terms-of-service

Questions and answers

Is MyEtherWallet self-custodial?

Yes. Users keep sole control of their keys and recovery phrase; MEW does not hold assets and cannot recover lost keys.

Is MyEtherWallet open source?

Yes. The web wallet code is published on GitHub under the MIT licence.

Which coins does MyEtherWallet support?

ETH and all ERC-20 tokens everywhere; the mobile app adds Bitcoin and networks like Arbitrum, Optimism, Base, BNB Smart Chain, Polygon, Solana and zkSync.

Does MyEtherWallet charge fees?

Creating a wallet and sending is free apart from network fees; some mobile features need a paid subscription, and swap providers set their own terms.

Who makes MyEtherWallet?

MyEtherWallet Inc., a Delaware corporation based in California, USA, operating since 2015.

Where is the old version of MyEtherWallet?

MyEtherWallet discontinued its old "Vintage" site on 20 October 2019. Wallets created on it open on the current site, www.myetherwallet.com, with the same access method, for example the same keystore file.

Sources

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Page updated: 2026-11-01