Pros
- fully control your keys
- High anonymity
Cons
- not easy to use
MyCrypto Review
13
·
Average
Rating
3.8
Crypto Wallets
Details
| Type | hot |
|---|---|
| Cryptocurrencies | MULTI |
| Devices | web, desktop |
| OS | chrome-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.
Pros
- Fast and easy
- It is an open source platform
Cons
- There is no two-factor Authentication
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.
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)
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
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.
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.
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.
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
Pros
- Good services in your transactions
Cons
- None
Pros
- Safe and easy to use
Cons
- Hierarchical determinist
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
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).
