Review on MyEtherWallet by Helen Cheb

In fact, when working with this wallet, there are several intuitive authorization options at once. The first one I would like to mention is the MetaMask plugin. Simply go to the Metamask website, install their available Google Chrome extension, and follow through with easy, intuitive account setup. After all the steps have been completed, go to the MyEtherWallet.com website, select the “MetaMask/Mist” option and click the “Connect to MetaMask” button. You will immediately unlock your wallet and get full access to all its contents.



The next authorization option will be to access the MEW wallet using the Ledger Nano S or TREZOR. By their very nature, hardware (cold wallets) are USB drives that are used to securely store your private keys offline. Just go to the MyEtherWallet.com website, select "Wallet Access" and from the options that appear, click on the "Hardware Access" icon. Next, you just have to connect your device to the computer and select it in the selection that appears on the MEW page, confirm the action with the “Continue” button.



The third option to gain access to the wallet will be “Programmatic access”. This method consists of three authorization options: by uploading a KeyStore file in .json format; entering a mnemonic phrase; entering your private key. You can download the KeyStore .json file during wallet creation. This format contains an encrypted version of your private key. MyEtherWallet will ask you for a password which will be used to generate the KeyStore file and will also be required to unlock your private key. In order to log in using this method, simply go to the MyEtherWallet.com website, select the “Wallet Access” item and, among the options that appear, click on the “Programmatic Access” icon. In the window that appears, click on the heading “Keystore file”, confirm the action and upload the KeyStore file from your computer, remembering the password. Hooray! You have access to your wallet!



The next two variations do not differ in anything other than the input information. A mnemonic phrase is a set of twelve words that you will be asked to write down and then re-enter during wallet creation. You will receive the private key in the same way. Both of these authorization options do not require you to enter a password to access your wallet, so be careful not to share this information with third parties. In fact, whoever owns the private key or phrase owns the contents of your wallet!



Adding tokens



In addition to ETH, with MEW you can also add and store any tokens created inside the Ethereum blockchain. These can be application tokens, investment projects, and even your own! All that is needed in order to customize the display of such tokens is to add the address of the token, the symbol and the number of decimal places. This information is easy to find on the web, get it directly from representatives of the projects that issued the coins, or (if you are an advanced user) find the current in the smart contract code.