What is the MyEtherWallet (MEW) wallet? How to create and use MyEtherWallet (MEW) from AZ

By Le Thanh | Wallet

MyEtherWallet wallet

Hi guys!

Today, I will show you how to create and use MyEtherWallet wallet in detail and easy to understand.

Well, don't let you wait too long! Let's get started!

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

Considered to be one of the most reputable and well-used Ethereum storage wallets in this cryptocurrency market.

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

Instructions for creating MyEtherWallet wallet to store Ethereum

First, visit myetherwallet.com to start the registration process.

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

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

After download is complete, click on I understand. tiếp tục

At this point, the Private Key of the wallet will appear.


Important:

You need to save the Private Key as well as the Keystore / JSON File carefully. Neither let anyone else know nor lose these two.

Next, click on Print Paper Wallet and save it too!

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

Instructions for using MyEtherWallet wallet

In this section, I will guide in detail how to use MyEtherWallet wallet in a simple and easy to understand way for you to follow.

Log in to MyEtherWallet

Signing in MEW wallet is quite simple with 2 common ways as follows:

  • Method 1: Use the Keystore file
  • Method 2: Use the Private Key

However, I usually use the first way more because of security. Because if someone knows your MEW wallet private key, it's done. That person can transfer all the money or tokens in the wallet to another wallet and the brothers will never get it back.

So here I just guide you to log in with Keystore File only!

First we access myetherwallet.com.

Then, click View Wallet Info to initiate login.


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

Okay. So we have successfully logged in!

The Account Address section is the wallet address. You need to save it for use!

Enter your text here ...

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

Instructions to add tokens to MyEtherWallet wallet

After logging into MEW wallet as usual. You find the add token as shown below:

Then you choose Add Custom Token and fill in the parameters.

For example:

  • I want to add Cybermiles token into my MEW wallet as follows:
  • Go to the website of Cybermiles or Etherscan to get Smart Contract and Decimals of Token Cybermiles (CMT).
  • Token Contract Address: 0xf85feea2fdd81d51177f6b8f35f0e6734ce45f5f
  • Token Symbol: CMT
  • Decimals: 18


How to transfer Ethereum from MyEtherWallet wallet

First, we visit www.myetherwallet.com.

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


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

Click Generate Transaction> Send Transaction> Yes, I am sure! Make transaction

OK, got it So complete the transaction.

To prevent MyEtherWallet wallet from being hacked?

As seen, the MyEtherWallet wallet does not have a two-layer security function (2FA) but only a Password, Private Key and Keystore / JSON File.

Therefore, you need to know how to protect your personal information on the Internet. Especially things related to money and property of the brothers.

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

  • Do not access websites of unknown origin or no credibility.
  • Bookmark MyEtherWallet.com address to avoid the fake page.
  • Absolutely not for anyone to know his Private Key.
  • Computers should use copyrighted anti-virus software.

These are some basic ways to increase the security of your MEW wallet as well as other accounts such as exchanges, Coinbase wallets, etc.

Conclusion

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

If you do not understand how to do it, you can watch your instructional video below:

Goodbye and see you again in the next article!

Le Thanh

Cryptocurrency is a type of high-risk investment that yields high returns. Get involved with venture capital and always consider it before investing.

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