Review on MyEtherWallet by Inioluwa Okedeji
MyEtherWallet: A Perfect Choice For Ether Investors.
MyEtherWallet is an open sourced cryptocurrency wallet that automatically generates new wallets address to store ethereum based assets. It is one of the popular wallets for storing ethereum assets in the world of cryptocurrencies.
Not only does the wallet safe keep digital assets it also provides education for users on how to go about the wallet and keep their assets safe.
It ensures the security of its users assets by providing them with security keys that will be used to safeguard their assets and also acts as a backup incase the wallet was lost.
It also supports sending and receiving of digital currencies from one user to another.
MEW is not only limited to mobile apps, it also works on internet browsers. This shows its diversification.
The only drawback about the wallet is that it's limited to only ethereum and ethereum based tokens like ERC 20 and ERC 23 tokens and it doesn't support other digital currencies apart from the above.
MEW has an attractive user and friendly interface that allows users to go through the wallet easily without any issues.
The wallet is also a very good one and recommendable to especially ether investors. This will allow them to focus only on the ethereum based assets on a wallet. Though it is not recommendable for multiple assets cryptocurrency traders.
Pros
- MEW is safe and secure for storing digital assets.
- It educates new users on how to go about the wallet.
- Swift and easy creation of wallets.
- It works on both browsers and mobile applications
Cons
- It is limited to only ethereum and ethereum based tokens.
