Review on MyEtherWallet by Gabriel Medina
MyEtherWallet is a powerful interface for advanced users
MyEtherWallet is a tool that is oriented for more advanced users therefore it is powerful. Many will not feel comfortable using it but it is still masterful. Being an interface, it provides a bridge between your computer and the blockchain, but it is not capable of storing personal or specific account information.
It is a totally free service, since it constitutes an interface between a browser and the Ethereum network.
This is one of the most versatile and free services available, and therefore receives rave reviews. The most common complaint is that it is an advanced tool, not recommended for beginners. However, there is plenty of documentation online to learn how to use it.
In conclusion, MyEtherWallet is the most suitable way to get involved with the decentralized nature of cryptocurrencies. It is one of the most powerful and versatile interfaces on the network. Consequently, it is not a recommended platform for beginners.
Pros
- It is a totally free and versatile platform.
- Compatible with ERC20 tokens so you can participate in different ICO offers.
- Absolute control by which you will manage your public and private keys, funds, tokens, specific options for transfers, etc.
- It is the most reliable interface on the market in the Ethereum world.
Cons
- Its security depends on the correct administration of the user, this compromises the funds of the newbies.
- Having some absolute control can easily make mistakes.
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Comments (2)
October 18, 2020
Without a doubt it is one of the best wallets that we can find with a flexible interface with which it is easy to save, send and receive ether although it has had problems due to hacks in the past but everything seems to have been solved.
October 17, 2020
I have been using MyEtherWallet for a long time, and it is possible to find erc20-based crypto coins. An intuitive secure crypto wallet with an easy to use interface. By opening more than one account in it, you can control more accounts. I think it will become much more popular in the future and the number of users will increase much more.
