MyEtherWallet Cryptocurrency wallet

MyEtherWallet (MEW) is a purse for storage cryptocurrencies of ETH (Ethereum) and the tokens based on ERC20 protocol.^[1]

2019: Integration into Finney blockchain smartphone

On March 22, 2019 the Sirin Labs company announced integration of a cryptocurrency koshelyok of MyEtherWallet (MEW) into Finney blockchain smartphone. Read more here.

2018: Specific Features. Security

For March, 2018 MyEtherWallet represents not just a purse on which it is possible to organize storage of the cryptocurrencies created based on Ethereum and tokens which are released according to ERC-20 standard. It is multifunction service which provides a possibility of operational and convenient interaction with Ethereum blockchain.

Specific Features

• Simplicity and functionality;
• User-friendly interface;
• Free;
• Reliable;
• Lack of limits for the amounts of storage;
• Multiple currency;
• Possibility of adding of new tokens;
• Does not require downloading on the computer.

Security

Unlike other browser cryptopurses, neither tokens, nor even private user keys are stored in MyEtherWallet. Means of the user "remain" in the blockchain, and MyEther just provides functionality for interaction with them. Control of tokens is exercised using secret keys which the service creates at registration.

Advantage of such solution — in its security. Means are not transferred to storage to other services, remaining in network. However there is also a shortcoming — at loss of passwords it will be impossible to recover access to a purse. Therefore it is worth making surely the backup copy with a key file, having saved it in the reliable place.

If it is necessary to exchange digital assets for fiat money, it is possible to use one of the following methods:

• The cryptocurrency exchange with an output of Fiat;
• Exchange service;
• Services of the private intermediary;
• Using a cryptomat;
• Through the WebMoney system;
• Work with smart contracts.^[2]

You look also the Blockchain and cryptocurrency

Notes