What is MyEtherWallet (MEW)? Create and use MEW wallet from AZ

Today, I will guide you from creating to using MyEtherWallet wallet in the most detailed and easy to understand way.

Well, don’t let you wait too long! Let’s get started with me!

What is MyEtherWallet?

MyEtherWallet (MEW) is one of the dedicated wallets for storing tokens that are run on the Ethereum platform (ERC20).

Rated as one of the most reputable and widely used Ethereum storage wallets in this cryptocurrency market.

In addition, you can refer to other reputable wallets such as Coinbase wallet, Blockchain.info wallet…..

Instructions to create a MyEtherWallet wallet to store Ethereum

First, you access myetherwallet.com to start the registration process.

Then you need to enter the Password and press Create New Wallet.

Next, you need to download Keystore File (UTC/JSON).

Once the download is complete, click I understand. tiếp tục

At this moment, Private Key wallet will appear.

Important:

You need to save Private Key as Keystore/JSON File carefully. Do not tell anyone else and do not lose these two things of you.

Next, you click Print Paper Wallt and save it forever!

BAAMMM! So you have just created the first MyEtherWallet wallet in your life.

Instructions for using MyEtherWallet

Login to MyEtherWallet

Login to MEW wallet is quite simple with 2 popular ways as follows:

  • Method 1: Use Keystore file.
  • Method 2: Use Private Key.
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However, I prefer to use the first method because of security issues because if someone knows the private key of your MEW wallet, it’s done.

That person can transfer all the money or tokens in the wallet to another wallet and you will never get it back.

So here I only guide you to log in with Keystore File stop it

First we visit myetherwallet.com.

Then Click View Wallet Info to start logging in.

You can see there are many ways to login, choose Keystore Files, then download the file Keystore/JSON File saved in the wallet creation section, enter the password and press Unlock.

Okay. So we have successfully logged in!

Part Account Address is your wallet address. You need to save it to use it!

Alternatively, you can choose to log in with Metamask for safety.

Instructions for adding tokens to MyEtherWallet

After logging in to MEW wallet as usual. You find the add token section as shown below.

Then you choose Add Custom Token and enter the parameters.

Eg:

I want to add Cybermiles token to MEW wallet, I do the following:

  • Go to Cybermiles or Etherscan website to get Smart Contract and Decimals of Cybermiles Token (CMT).
  • Token Contract Address: 0xf85feea2fdd81d51177f6b8f35f0e6734ce45f5f
  • Token Symbol: CMT
  • Decimals: 18

How to transfer Ethereum from MyEtherWallet

First, we access www.myetherwallet.com

Then choose Send Ether & Tokens and login as 2 login steps above.

Enter the wallet address to transfer money in the field To Address and the amount of Eth to move in Amount to Send.

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Click Generate Transaction > Send Transaction> Yes, I’m sure! Make transactions.

OK! So complete the transaction.

To keep your MyEtherWallet from being hacked?

As you can see, the MyEtherWallet wallet does not have two-factor authentication (2FA) but only Password, Private Key and Keystore/JSON File.

Therefore, you need to know how to protect your personal information on this Internet.

Especially things related to your money and property.

To avoid your MEW wallet being hacked, you should pay attention to the following:

  • Do not access websites of unknown origin, not reputable
  • Bookmark the MyEtherWallet.com address to avoid entering the fake site.
  • Absolutely do not let anyone know your Private Key
  • Computer should use copyrighted anti-virus software

Those are some basic ways to increase the security of your MEW wallet as well as other accounts like exchanges, Coinbase wallet….

Epilogue

In conclusion, through this article, I hope you will know how to create and use MyEtherWallet wallet in the simplest and safest way.

If you don’t quite understand how to do it, you can watch my video tutorial below

Don’t forget to follow Techtipsnreview on:

Best regards and see you in future posts.

Source: What is MyEtherWallet (MEW)? Create and use MEW wallet from AZ
– TechtipsnReview

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