MyEtherWallet : One Of The Popular Ethereum Wallet
If you have cryptos or you plan to buy it soon, then you require a safe wallet to store it. Based
on what you need, make a choice amongst wallets available in the market.
MyEtherWallet Is Also Called As “MEW” Wallet, One Of The Popular Ethereum Wallets.
What is MEW?
MyEtherWallet is a free, open-source, and client-side interface. MEW let you interact directly
with the blockchain while giving you full control of keys and funds.
As you own the keys, you are fully responsible for your security. The Ethereum wallet cannot
neither recover your funds nor freeze your account if you lose your private key.
MEW is built Taylor Monahan and Kosala Hemachandra, allowing you to store and exchange
Ethereum (ETH), Ethereum Classic (ETC), and ERC20 tokens.
The web wallet is compatible with Windows, Mac OSX, and Linux.
In addition to support the web browsers, MyEtherWallet is also compatible with:
* Geth
* Mist
* MetaMask
* Jaxx Wallet
* Ledger Nano S hardware wallet
* TREZOR wallet
How Much Does MyEtherWallet Cost?
MyEtherWallet is entirely free to use. When you send Ether, the blockchain miners charge you
some transaction fees. The web wallet doesn’t keep any of your fees.
The Web Wallet Features
Ease to Use
This is one of the main benefits of MyEtherWallet. With MEW you can create a new web wallet
within few minutes. Ethereum wallet runs in a web browser and uses very few resources on your
system
Aesthetics
The platform is much familiar and explains every aspect like how the wallet works. The priority
of the developers has always been to build a product that works great.
Security
MyEtherWallet gives security entirely in user hands. The web wallet is the only tool that links to
the Ethereum network. Unlike other wallets, it does not store your private keys. Instead MEW
uses JavaScript code to create and store private keys on the system.
Unique Features
The Ethereum wallet offers multiple features that you won’t find in other wallets. By looking at
the navigation bar, you can get an idea of how much this wallet does.
Some other useful features are:
* Swapping between Bitcoin (BTC) and Ethereum (ETH)
* Creating and interacting with smart contracts
* Registering with the Ethereum Name Service (ENS)
* Selling or buying registered domains
MyEtherWallet Pros and Cons.
Pros-
* An open source tool wherein developers can freely fix bugs and issues.
* Compatible with hardware and software wallets making it more secure.
* It is legitimate and authentic.
* Easy to use with an interactive display. Also provides the documentation on “how to use”.
* Securely interacts with Ethereum blockchain.
* You can access Ethereum wallet via web, however the actual wallet is stored on your system
rather than on MEW servers.
* Does not store any passwords or private keys, hence minimizing the issue of malware attack.












