Review on MyEtherWallet by Yinka Yemisi
MyEtherWallet is meant for those who want to go into ethereum and other related currency
MyEtherWallet is basically meant for those who wish to base on ethereum and other related currency only. As it does not support other non ethereum cryptocurrency. Any currency related with ethereum like ethereum classic and ERC 20 token can only be kept in the wallet.
Currently in the crypto market, Ethreum is the second most popular cryptocurrency. Many people trade and use it on a daily basis. This is a great news for users.
Another great news for users is that, there are ERC 20 token and all these can be kept in the wallet. This indeed an added advantage for anyone or everyone who choose it.
The first thing to look for in wallet is security. Because this is where you kept your digital asset. My ether wallet is secured by using it with ledger nano s or trezor hardware. Because both hardware has a private key in which individual users will set up. The key can only be seen and use by you, no one else can have asses to it unless you expose it. In this wise users need to keep their key safe.
From y own experience my ether wallet is good, easy to use and secure and is meant for ethereum users only.
Pros
- It is open source wallet
- For new beginners, it has video to guide them on how to use it
- It supports all ERC 20
- It very easy and simple to use
Cons
- It does not support non ethereum cryptocurrency
- It's not a real cryptocurrency wallet
