Review on MyEtherWallet by Douglas Cachazo
MyEtherWallet: Good client side personal wallet
Considered by many to be the best that works with Ethereum technology. MyEtherWallet has a free client-side interface with which you can interact with the Ethereum blockchain. It is an open source platform that allows you to generate wallets, interact with smart contracts and much more. In MyETherWallet, the cryptocurrency is stored in the digital wallet of its owner's computer, and the online wallet only allows access to it through the browser. It has a potential danger and I must warn you the following-: the cryptocurrency is stored in the client's hardware wallet, and only the owner knows the passwords. The loss of this will entail the definitive loss of the funds. Neither the owner can no longer withdraw them or have access to the wallet. To create a MyEtherWallet wallet you must enter its portal and according to the steps they indicate, you must select a 9-digit password, download the key file to your PC, print the address of the wallet on paper or save the QR code. You load the wallet from the exchange you select, Withdrawals with MyEthereumWallet the withdrawal of cryptocurrency is done from the website, In the main window of the MyEtherWallet wallet there is a tab "Send ETH". When you open this tab and enter using your data, you will have to indicate the necessary requirements to make the transfer, that is, the amount and address of the recipient. Then you can withdraw the funds through the website of the changers you selected
Pros
- Registration is free and easy.
- Work under the ethereum platform
- Very trustful
- It's free
Cons
- I do not recommend for beginners
- Possibility of loss of funds in case of not doing backup of key and it is lost.
