16/01/19 08:45 UTC-4

MyEtherWallet – browser wallet for Ethereum and ERC-20 tokens

MyEtherWallet, as a convenient browser wallet for Ethereum
MyEtherWallet, as a convenient browser wallet for Ethereum

MyEtherWallet is one of the most popular services for storing digital Ethereum coins and all tokens working according to the ERC-20 standard. The short name of the wallet is MEW.

MyEtherWallet official website – myetherwallet.com


Description and work principles

The advantages of using MEW are that it can integrate with hardware crypto-tools (Trezor, Ledger, Secalot, Digital Bitbox). To work with the wallet through a web browser on a computer, it is customary to use the MetaMask extension. There is no separate application for mobile devices yet.

MyEtherWallet interface supports more than 20 different languages, so it is actively used in many countries around the world. At the time of 2018, MEW hit the top ten most popular crypto-coin wallets.

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One of the biggest advantages of MEW is the ability to work with the most minimal amounts, that is, you can transfer any (even the smallest) amount of Ethereum. Due to this service is often used by those who earn on "cryptocurrency cranes". In addition, there is a token exchange system inside MEW. A list of exchange coins can be found on the wallet website.


Using MyEtherWallet

It is worth mentioning that using MyEtherWallet is free. In addition, the wallet has a customer support service. This wallet is a browser. This greatly simplifies the work, as to start using, just go to the official website and create your wallet. The main advantage of MEW is the ability of users to place their ICOs on the Ethereum platform through a wallet.

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Speaking of shortcomings, it should be mentioned that the wallet is not suitable for storing Bitcoin. Also, due to the high level of popularity of the service, it is increasingly being subjected to hacker attacks.

Editor: Yulia Krasnaya

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