Review on MyEtherWallet by Jimmy Centeno
MyEtherWallet
MyEtherWallet is a platform that is in charge of interacting with blockchains, it is used to store Ethereum and coins or tokens based on ERC20, it is not a blockchain. but it works as a cryptocurrency exchenge, it allows you to create wallets, it is installable on various mobile devices and it even integrates perfectly into web search engines.
MyEtherWallet allows you to receive cryptocurrencies for free to your wallet, to create the wallet it is necessary to protect the private key well since it does not work like the banking system, after the loss of this key you will no longer be able to recover your wallet. Also this presents compatibility with hardware wallets of Trezor, Ledger, Secalot, KeepKey, among others. The best thing about this wallet is that it maintains your privacy and does not keep the user's private information.
Pros
- Its primary option is to save Ethereum coins but it also makes it possible to save ERC20 wallet token
- Its application is installable on any device.
- It offers the possibility of generating several wallets, what you have to do is keep your proven wallet key well.
- It has an exchanger that allows you to exchange fiat for cryptocurrencies.
- It is completely free and accessible.
- It works great with the browser interface.
Cons
- If you lose the private key, you will completely lose your boulevard, protect it well.
- The user is responsible for his own security, and for the protection of his private keys.
