MyEtherWallet (MEW) is one of the most popular platforms for managing Ethereum and other cryptocurrencies. It’s easy to use, secure, and provides users with a suite of features that make it a go-to choice for many cryptocurrency holders. In this article, we’ll be taking a look at why MEW is such a great option for beginners and how you can get started using it today.
What is MyEtherWallet?
MyEtherWallet (MEW) is an open source web wallet used to store Ether and other tokens built on the Ethereum blockchain. It was created in 2015 by Taylor Monahan and Kosala Hemachandra as an easier alternative to other wallets available at the time, such as Mist or Geth.
Unlike other wallets, MyEtherWallet doesn’t require users to download any additional software or create accounts. Instead, all you need to do is access the website and create your own wallet in just a few clicks. You can then use MEW to send and receive Ether or ERC-20 tokens from any other wallet address.
How Do I Create an Account With MyEtherWallet?
Creating an account with MEW is incredibly easy – all you need to do is visit the website and type in a password of your choice. Once you have done so, you will be presented with an encrypted version of your private key that you can use later on when accessing your wallet from different devices. Make sure to save this information securely!
Once you have set up your account, simply navigate to ‘Send Ether & Tokens’ in order to begin sending funds from another wallet address or exchange platform straight into your MEW wallet. If you want to check how much Ether or ERC-20 tokens you currently have stored in your MEW wallet, simply go back to the homepage and select ‘View Wallet Info’ – here you will be able to see both balances instantly updated whenever transactions are made.
MyEtherWallet Security Features
MyEtherWallet provides users with several security features that make it one of the safest wallets available today. For one thing, it uses client-side encryption which ensures that all personal information stored on the site remains completely secure at all times – no third parties are ever able to access your data without authorization from yourself first. In addition, MEW also offers two factor authentication (2FA), which helps protect user accounts even further by requiring them enter their passwords along with a unique code sent via email or SMS each time they wish log in or perform certain transactions within their wallets.
MyEtherWallet has become one of the most popular cryptocurrency wallets due its ease of use and comprehensive range of features designed with security in mind. Whether you’re looking for a reliable way of storing Ether or ERC-20 tokens securely, or simply want an easy way of sending funds between different addresses quickly – MyEtherWallet could be just what you need! By following our simple guide above, we hope that beginners will now feel more confident getting started with MEW today!