How to use MEW

MyEtherWallet

Step 2: Create a new wallet. Once you’ve confirmed that you are visiting the correct site, you should be greeted with a form titled “Create a New Wallet”. You can also choose “New Wallet” from the main menu to access this area.

Step 3: Choose a password. Enter a password of your choice into the field. You’ll need to hold on to this password, so take care to store it somewhere safe for future reference.

Step 4: Download the keystore. MyEtherWallet will use your password to generate a unique keystore file for your wallet. Follow the prompts, and heed the warnings not to share or lose your keys before you download the file.

Step 5: Private key. Once you’ve done this, you’ll get your private key. You have the option to print this out as a “paper wallet”. Be sure to keep this information safe and private. If other people get access to your private key, they will be able to access your account and control your funds.

Step 6: Choose your wallet. After you confirm that you’ve secured your private key, you’ll be asked to choose who will be able to access your account. MEW is compatible with select hardware wallets, including TREZOR, Ledger, and Digital Bitbox, as well as some software wallets like the official Ethereum Wallet found in the Mist browser. If you don’t have an existing wallet interface that you want to use in conjunction with MyEtherWallet, you can access the new wallet provided MEW using the keystore file or private key you created when you followed earlier steps.

Step 7: Sign in. Enter the appropriate information based on your preferred method of accessing your account. When your wallet is unlocked, you’ll be able to see your account address, your balance, and the unique QR code associated with your account. Your account address may also be referred to as your “public key.”

Step 8: Transfer existing Ether. If you already have Ether in another account or on a cryptocurrency exchange, you can move the funds into your new wallet by sending them to your MEW address.

The demand for secure and protective platforms to keep your cryptocurrency safe has never been higher. It’s important that you have some sort of storage system for your assets so that hackers or scammers don’t get ahold of your hard-earned money. In this case, MEW would serve as a complementary tool for your existing wallet if you have one. Don’t have a wallet or don’t know where to begin? Check out our other articles for beginners to get started, and as always, happy investing!

Do you or someone you know use MEW? Would you recommend it to others? Let us know why in the comments!

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