Mew Wallet

Empower your financial journey with Mew Wallet - where security meets simplicity. Revolutionize the way you manage your digital assets effortlessly!

What is MyEtherWallet?

MyEtherWallet as the name implies is not a crypto wallet in its general term, it is more like an interface (client side tool) that allows traders to store their Ethereum and Ethereum platform-related tokens and coins (ERC-20 tokens and Ethereum Classic tokens) within.

Unlike other cryptocurrency wallets that store crypto coins in their online wallet or web-based wallet itself, MEW (MyEtherWallet as it is more commonly known as) is a software that allows crypto coins to be stored in the trader’s personal computer instead of storing them online.

MyEtherWallet is a completely free, open-source, user-friendly, client-side interface that allows users to interact with the Ethereum blockchain network directly and generate their own online crypto-wallets.

My Ether Wallet is also sometimes referred to as a ‘paper wallet’ because its private key is stored offline and therefore requires the users to print the private key on paper and keep it in safe places.

MEW eliminates the risk of storing crypto holdings in online wallets, but then it puts a question on the safety of how safe the user’s personal computer is where the crypto holdings are held.

MyEtherWallet is not an exchange for cryptocurrency trading; it is only an Ethereum blockchain where users can generate the cryptographic keys and Ether wallets that are required to buy, store, and transact Ethereum coins and tokens. However, the wallets generated from this software can be used to settle various blockchain transactions, including those required in the crypto trading processes.

MEW Wallet brand itself as “Ethereum’s original wallet that is secure, intuitive and the prettiest way to manage Ether and ERC-20 coins and tokens”. MEW was launched in 2015, and very soon, the Ethereum platform rose to its popularity attracting around 1.2 million users every month during the ICO (Initial Coin Offering) boom when crypto startups raise funds via issuing ERC-20 tokens.

Quick Facts of MyEtherWallet

  • Open-Source free portal.

  • Allows users to create their own individual wallet.

  • Exclusive portal for Ether and Ether related altcoins.

  • Does not store funds or confidential data in the MyEtherWallet servers.

  • Paper Wallet – Users need to store their private keys, and they are solely responsible for the safety of the private keys.

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