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MyCrypto Review

13

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Average

Revainrating 4 out of 5  
Rating 
3.8
Crypto Wallets

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Details

Typehot
CryptocurrenciesMULTI
Devicesweb, desktop
OSchrome-extension
Extra services

Description of MyCrypto

Edge Wallet is a hot type crypto wallet available for mobile devices. It runs on iOS, Android and supports 20 cryptocurrencies. It also offers extra services such as an exchange.

Reviews

Global ratings 13
  • 5
    2
  • 4
    7
  • 3
    4
  • 2
    0
  • 1
    0

Type of review

Revainrating 5 out of 5

MyCrypto Wallet Supported Coins and using guide

Initially MyCrypto was separated from MEW and the site was the same, but now they have found much more. Despite the drama, the actual developers are actually breaking up and doing something awesome. I have tested their desktop alpha software and are very excited about what will come out in the future. It provides a safer alternative to accessing your Ethernet wallet with a web browser, so you don't have to worry about any more DNS attacks or phishing! You can't wait until you can use the full…

Pros
  • fully control your keys
  • High anonymity
Cons
  • not easy to use

Revainrating 3 out of 5

MyCrypto- Open source for generating ether wallets

MyCrypto is an Ethereum-focused internet pocket that allows ledger clients to store their ethers in addition to any ERC20 tokens. MyCrypto is a mostly pocket-based open source internet application that helps you manipulate the plethora of fully-based tokens. On Ethereum, even keep your non-public keys offline. For transactions with ERC20 tokens, Ethereum could be used for transaction costs. MyCrypto Wallet helps you tie your ledger tool to your platform so you can securely view your balances…

Pros
  • Fast and easy
  • It is an open source platform
Cons
  • There is no two-factor Authentication

Revainrating 3 out of 5

Smooth and easy to use.

It is an open source wallet and is free to utilize the platform. You don't need to pay to use the wallet. It is also a customer side instrument, which creates ether wallets and tokens. It empowers its clients to communicate with the blockchain all the more without any problem. Clients will associate with features, for example, hardware wallet joining. Every wallet anticipate that gas should check transactions. Also, this one MyCrypto same and any transaction that you cause will to require…

Pros
  • It has a superior product as far as look and feel.
  • It has quick and simple crypto resources swap include.
  • It offers you browser use just as offline and locally.
  • Browser tool doesn't record nor send any of your encryption passwords or private keys.
Cons
  • No additional security layer like 2 factor validation.

Revainrating 5 out of 5

My opinion to Mycrypto

I like this wallet, I use it to handle Ethereum cryptos and ETH related tokens, it really works, you receive your money, you can send it to whoever you like, etc. However, it only gives us the addresses of the transaction in the Ethereum scan, it does not confirm to us at any time how many confirmations our transaction has, it would be very desirable for it to have that characteristic.

Pros
  • Very easy to use.
  • It is updated frequently.
  • It allows to see only the general status of the portfolio or to enter its "complete" mode.
Cons
  • Somewhat complex to use.
  • The payment system is not very intuitive (especially when paying for gas)

Revainrating 3 out of 5

Mycrypto wallet review

Mycrypto wallet is a client side cryptocurrency wallet that was founded by Monahan Taylor. It is an Ethereum based wallet that can also store all erc-20 tokens. It can conveniently integrate with hardware wallet for further securing assets. It is not a web wallet and as a result of this its use is use is quite different. it doesn't require a login and it doesn't safe anything on the server. The interface is easily grant an easy assess to the blockchain. Mycrypto wallet offers a high…

Pros
  • Users enjoy high level annonymity and privacy
  • Users keep control of their keys
  • It is open source and can be verified
  • It has inbuilt exchange
  • Mycrypto wallet software is open source
Cons
  • No two factor authentication

Revainrating 4 out of 5

Good Alternative To Myethwallet

Mycrypto wallet is an offshoot or break away of Myethwallet., that is why they are very much alike as they share almost the same features. this wallet was launched in 2018 as a result of the view point of one of MEW co founder Taylor Monahacan on the policy of MEW. Like MEW this wallet is basically for ethereum and tokens that were based on it. Very simple to set up what a user need to do is just to visit their website and download the application and then follow the given instructions to…

Pros
  • It is an open source wallet.
  • It has hardware wallet integration.
  • It automatically detect the tokens sent into it.
  • It allows the user to determine how much they are willing to pay for a transaction.
  • Users control the private keys.
  • It is user friendy.
Cons
  • Has so many competitors.
  • Only for ethereum and ethereum based tokens.

MyCrypto Wallet is a wallet for digital assets which turned out to be a fork of MEW which means that most of the features that this wallet had will be available in MyCrypto Wallet, in general this wallet offers you many alternatives and options with sending and receiving tokens ether and the Ethereum blockchain tokens easily in a couple of steps where also the available balance will appear on the main screen, in this wallet users can access this wallet in different ways where it also includes…

Pros
  • It has a mobile application which is available for Android and iOS.
  • One of the characteristics that this wallet offers is that it can also be used as an exchange platform with low fees.
  • Users are responsible for managing and administering their assets as the wallet offers you private keys and passwords.
  • This wallet can be configured in several languages ​​so that users decide which one to use depending on the region.
  • It has a number of options and tools that include signing and verifying messages, verifying the status of the transaction in real time and transmitting transactions.
  • Its Web portal offers users a lot of information on how this platform works.
Cons
  • The Web portal sometimes presents a delay in its loading, which can be uncomfortable.
  • If users lose their passwords, the portal offers few options so that they can recover it.

Revainrating 4 out of 5

MyCrypto.

MyCrypto is an excellent wallet that has open source technology where users can store their cryptocurrencies in an easy and simple way, in it users can easily integrate a hardware wallet which has characteristics similar to wallets that are based on Ethereum. In this wallet it accepts a wide variety of different ERC-20 tokens like Bitcoin, Litecoin, Ethereum, Bitcoin Cash. The speed of operations of this wallet is fast allowing users to send and receive tokens quickly with excellent security.

Pros
  • It is a card that has an easy and pleasant interface for users who have less experience on digital platforms.
  • It has a great variety of ERC-20 cryptocurrencies.
  • Speed in operations.
Cons
  • No comment so far.

Revainrating 4 out of 5

Mycrypto wallet - What is this?

The MyCrypto portfolio was born from a range of MEW. The portfolio has attributes similar to the ETH-based portfolio. MyCrypto is an open source portfolio. It is also a client-side tool, which generates ether wallets and ERC-20 tokens. It allows its users to interact more easily with the blockchain. Users can interact with features such as integration of the hardware portfolio. MyCrypto also allows its users to exchange tokens on ShapeShift. It also includes a Coinbase purchase widget.

Pros
  • MyCrypto wallet is an Ethereum based wallet. However, it also supports ERC20 corners.
  • Most Ethereum-based wallets require gas to verify transactions. MyCrypto is no different and any transaction that you make will require Gas, which is paid in Ether.
  • Althagh The Wallet Had Some Upgrades from Mew, IT IS Still Easy to Use. In Inf, ITS Desktop Was Launched To Make it Safer and Easier for Users to Navigate. Beginners wrest Find User-friendly and Safe. The Wallet Has Been Designed to SafeGuard Private Keys, Mnemonic Phrases, and Keystore Files.
Cons
  • No Two-Factor Authentication

Revainrating 3 out of 5

Mycrypto

This wallet has optimal security when making any transaction whether it be Withdrawals deposits or transfers between wallets with compatible cryptocurrencies since it has a wide range of affiliated cryptocurrencies so you do not have to search for other options It really is a very good option to trust your income

Pros
  • Good services in your transactions
Cons
  • None

Revainrating 4 out of 5

My Crypto wallet

From the creators of the established MyEtherWallet, MyCrypto is a client-side open source tool for generating Ether wallets, managing ERC-20 tokens and interacting with the with the blockchain more easily. MyCrypto is not a "web wallet" since users do not create an account or give developers control of tokens. All data is created on your computer / browser, not on your servers. It is not a website where you place your tokens and they store it for you. They just make it easy for you to save you

Pros
  • Safe and easy to use
Cons
  • Hierarchical determinist

Revainrating 4 out of 5

MyCrypto Wallet is a good wallet

MyCrypto wallet is a great wallet for users send and receive Ether and token on Ethereum blockchain. It is not hard to use and quite secure to store the fund. It needs to be improved in the future to compete with a great wallet like MyEtherWallet. I recommend people to use it (but don't put everything on it for your own security)

Pros
  • - MyCrypto is a fork of MEW so it has the most of the best features of its ancestor product
  • - It is very easy to use the wallet. With only a few steps, even the beginners can become professional MyCrypto wallet users
  • - The UX/UI design is simple and very nice-looking. It gives me a very good feeling during my exploration on it
  • - Sending and receiving Ether/tokens is very easy. The balance will automatically show up on the dashboard. We just need to choose the right one to send. Transaction fees can be adjusted before sending
  • - It is surprising that this wallet let users change the languages in its setting. There are very few wallets offer this feature (and it's weird they don't). It is not really good but I'm appreciated
  • - Users can access their accounts using different ways including using hardware wallets (such as Ledger or Trazor wallet), Metamask extension, Parity Signer or software key files
  • - Its desktop app allows offline transaction so the assets will be secure from the online hackers
  • - It offers a number of tools including sign & verify message, ENS domain, Interact with contracts, Check transaction status and broadcast transactions
  • - It is an open-sourced projects so the community can develop around it
  • - It is integrated with Shapeshift and 0x protocol so users can swap Ethers and tokens right on the website
  • - Users can switch between Dark mode and Light mode based on their intention
  • - Their support is very helpful. Their support page contain many useful information and their support can be reached in a timely manner
  • - They introduce a few websites to help the users protect the community from scammy websites or application and that's awesome
  • - Users control their own assets. The wallet does not store any information regarding the address, such as keystore file or private key
Cons
  • - It is in its early age so there are not many features introduced now. Many interesting functions may be released in the near future
  • - There desktop app is not so heavy but it takes an hour to download (I'm pretty sure I download other light program within a few minutes)
  • - The main competitor, MyEtherWallet, offers a similar but better product and there are not many obvious reasons for users to switch to MyCrypto wallet
  • - Everytime I want to do some function, I have to be logged out from the website and connect again to use the functions
  • - MyCrypto wallet cannot recover keystore files or private key if the user lose them

But if we talk in General, The mycrypto wallet is an excellent alternative to the service mentioned above, both in terms of reliability and security, and in terms of storing cryptocurrency assets of the ERC-20 standard. The service is easy to use and also integrated with other wallets, and can be accessed in two clicks. And all the keys and passwords are not stored on a separate server, but directly on your personal computer or laptop.

Pros
  • Mycrypto wallet is one of the main competitors of MyEtherWallet, and you can register on the service very quickly and easily. Some experts say that the platform was developed by the same specialists who created MEW, but this information has not been fully confirmed (at least as of August 2018). The service can work through a number of popular wallets, as it has integration with them. It also has a mobile app, which is a very big plus. Use the wallet is extremely simple. The instrument panel is placed on the left side. All the most convenient and clear. And to send your tokens, or broadcast, click on the View & Send. This is the section of sending funds to another wallet. To make a transaction, first enter the recipient's address at the top, then enter the amount you are going to send, and even lower, set the size of the Commission (this can be done manually). Transaction history is displayed on the right side 1. this is not an online client, but a stationary wallet, that is, all your cryptocurrency funds are stored on a PC or laptop; 2. the registration process is as simple and fast as possible; 3. the wallet has excellent protection (password, private key, Keystore File, etc); 4. the service receives constant updates; 5. not only supports the cryptocurrency Ethereum (ETH), but also tokens of the standard ERC-20; 6. the functionality is clear and very simple, to understand what is possible in just a few minutes; 7. there is support for many languages in the world, but most importantly – the Russian language.
Cons
  • - the wallet is not very well known and it does not have many users (yet); - it is impossible to store bitcoin and other top cryptocurrencies on it; - can sometimes podslushivaet (the same problem have MyEtherWallet).