MyEtherWallet | Your Gateway to the Ethereum Blockchain
MyEtherWallet: Secure and Reliable Gateway to DeFi Industry
Hey blockchain explorers! If you've just stepped into the space of cryptocurrencies and Ethereum, MyEtherWallet (MEW) could be your go-to choice option for securely storing and managing your digital assets. In this guide, we'll walk through the step-by-step process of creating and setting up your MyEtherWallet from the get-go, so you can safely store, stake, send, and receive Ether (ETH) and other ERC-20 tokens.
Whether you're a seasoned crypto maniac or just hitting the path of your crypto journey, our easy-to-follow instructions will get you covered and you’ll have your MyEtherWallet running in no time. Let's dive in and untangle the mysteries behind the decentralized finance industry.
What is My Ether Wallet?
MyEtherWallet (MEW) is a renowned software wallet as well as a client-side interface that enables its users to make interaction with the Ethereum blockchain dApps. Launched in 2015 by Taylor Monahan and Kosala Hemachandra, MyEtherWallet quickly became one of the most extensively used and reliable wallets for storing, sending, and transferring Ether (ETH) and other ERC-20 tokens.
At its core, MyEtherWallet is a web-based platform that provides users with a secure and easy-to-use interface to manage their Ethereum-based assets without the need to download any software or create an account. This unique feature ensures that users retain complete control over their private keys and funds, reducing the risk of hacking or unauthorized access to their assets. It also supports integration with hardware wallets, providing an extra layer of security for those seeking enhanced protection for their digital assets.
Major MyEtherWallet benefits:
Buy ETH straight from the application
Automatically visit and organize ETH-based tokens
Send and receive assets transactions
Swap ETH as well as ERC20 tokens
Bridge to Polygon network
Swap on Polygon with minimal fees
Access to web3 and dApps (decentralized applications)
Enable multiple accounts
Download MEW for Windows and Mac
Well! If you want to use this wallet on your PC, you can install Enkrypt extension which is MEW’s multichain wallet extension for Chrome and several other browsers. If you are not aware of the process to install it, go through this section and get detailed knowledge about MyEtherWallet installation.
Open the URL https://www.myetherwallet.com/.
Now, open the “My Products” tab or directly jump into the “Ethereum Original Wallet” section.
Afterwards, tap on “Get the Enkrypt Extension” to open the Download page.
Hereafter, you need to select the browser you’re using to run MEW.
Tap on it and, follow further instructions to begin the download of the extension.
Once it is installed in your wallet, you can either import your already existing MEW Wallet or can set up a new one for taking further advantage.
Download MEW for Android and iOS devices
Nowadays, everybody prefers convenience, so to provide ease in exploring the MEW platform anytime anywhere, they launched mobile apps for iOS and Android devices. However, you can download the applications from your device’s Google Play Store/ Apple App Store, it is always safer to install the application using the official website. So, here’s the proper way to begin the installation of the MEW mobile application.
First of all, open the online platform of MyEtherWallet.
You will get the text “Get the App” in the first section of the prompted page.
Now, pick up the option among “App Store” and “Google Play” as per your device support.
And, press the icon and follow the respective instructions to begin the installation.
This is all, now you’re all set to use the MyEtherWallet on your mobile devices no matter whether you are using an iOS device or Android.
Here’s how you can create and back up MEW
If you wondering how can I set up my MEW Wallet after installing it, you can navigate through the instructions mentioned right below.
Open your MEW Wallet app or extension on a supported device.
Tap on the “Create a wallet” option if you’ve newly joined the MEW community.
Go through the safety tips prompted further and hit on “Create a wallet”.
Thenceforth, proceed by setting up a PIN to perform MEW login further.
In addition to this, you can also enable biometric access for extra security.
Wait for a while until your wallet is getting ready and then tap on the “Finish” button.
How can you access your newly created MEW Wallet?
You can access your MyEtherWallet account through both the MEW web platform and mobile application. The process is almost the same for both, so I’m taking the MEW web to provide a notion about the process.
Open the MEW Web and press the “Access my Wallet” option.
Afterwards, choose the “MEW Wallet” tab and provide the PIN in the designated field.
You can also perform this MEW login using the prompted QR Code.
After all, click “Unlock” and that’s it.
Congrats, you are entered into your MEW account and all set to explore various offerings and amenities such as MyEtherWallet staking.
MyEtherWallet supported coins and networks
Here I have mentioned all the MEW supported networks and assets but this list may vary as per the product of MyEtherWallet. This list could be slightly different for different MEW products.
All Ethereum-based assets (ETH, all ERC-20 tokens and NFTs)
Bitcoin (BTC)
Ethereum Classic (ETC)
Optimism (ETH layer 2)
Polygon (MATIC)
BNB Smart Chain (BNB)
zkSync Era (ETH rollup layer 2)
Polkadot (DOT)
Polkadot’s parachains (Kusama, Moonbeam, Moonriver, Acala, Karura, Astar, Shiden, etc.)
SKALE ecosystem chains
Summing It Up!
In all, MyEtherWallet's simplicity, security, and broad range of features have made it a go-to choice for Ethereum users seeking a secure and user-friendly interface to manage their digital assets and engage with the decentralized ecosystem. Additionally, MEW Wallet enables users to interact with decentralized applications (dApps) and participate in initial coin offerings (ICOs) directly from the wallet interface, enhancing their overall blockchain experience. Exploring this read can help you in setting up your first wallet ever on the MyEtherWallet. In case, you’ll experience any MyEtherWallet issues, no need to fret, just reach out to the highly responsive wallet’s support team.
Frequently Asked Questions
How do I access my old Ethereum wallet?
In order to regain access to your old Ether Wallet- MyEtherWallet, your wallet’s seed phrase will be needed. Make sure you have downloaded the MEW app and click “Restore” after opening it. Tap on “Use Recover Phrase” and provide the seed phrase where asked. Now, create a new PIN by following the prompts and access your old Ethereum Wallet.
How do I import My Ether Wallet to MetaMask?
To import your MEW to MetaMask, you need to make sure that you are logged in to both of the wallets. After that, go to MyEtherWallet and copy the address of your account that you want to export. Now, move to MetaMask Wallet and tap on the “Import Wallet” available in the menu. Now you can import your MEW account in MetaMask by providing the private key.