Review on MyEtherWallet by Thalhat Tee
My ehter wallet
MyEtherWallet is among the most popular and veteran wallets for storing ETH and ERC-20 tokens, which are Ethereum blockchain-based. Besides the well-known web wallet, MyEther had recently launched a mobile app, available for both Android and iOS devices.
MyEtherWallet or MEW Wallet app allows users to buy and send cryptocurrencies quickly and on-the-go. Users can get the app on the Apple AppStore, Google Play, or Samsung’s Galaxy Store, create their wallet, and buy Ethereum (ETH) using the new built-in exchange. MEW wallet also allows its users to buy ETH using a debit or bank card.
How To Create a New MEW Wallet App Account?
First things first, if you are an Apple user, you need to download the MEW Wallet app from the AppStore and install it on your device.
*Note: The application is available for Android, as mentioned above, and the interface is almost identical. For this guide, we’ve used an iOS device.
From there, you will be creating your wallet, which is a rapid and easy task. As soon as you open the app, you should click on the “create a free wallet” tab and choose a secure PIN. You can also use Face ID or set up print unlocking, depending on your devicYour seed, or 24 words, represent your private key. Without it, you may lose access to your funds. The back-up process will expose the list of 24 words.
Make sure to write these words down, by order, on a piece of paper (never store them online or on your PC or smartphone).
It’s recommended to have a copy, which will be stored away in a secured location.
MEW Wallet won’t be able to recover this phrase or your wallet, so if you lose it and you lose your device, you won’t be able to access your funds without the private key phrase.
Which Tokens Does MEW App Support?
MyEtherWallet supports all ERC-20 tokens. While there are countless numbers of them, some of the most popular ones include:
Ethereum (ETH)
Basic Attention Token (BAT)
Cardano (ADA)
Chainlink (LINK)
Tether (USDT)
DAI
USDC
How To Send ETH Or Other ERC-20 Tokens?
Sending ETH or any other ERC-20 tokens through the MEW wallet app is very easy.e.Sending ETH or any other ERC-20 tokens through the MEW wallet app is very easy.e.
Pros
- It is easy
Cons
- it has risks
