Download the MyEtherWallet app on your PC. MEW wallet is a true, non-custodial Ethereum wallet. This means that you and only you have access to your funds.
What is the MyEtherWallet PC app?
MyEtherWallet app is a free, open-source interface that focuses on the Ethereum platform. When it comes to sending/storing/receiving Ether (ETH) tokens and other digital assets issued on the Ethereum platform, MEW is an easy-to-use and flexible solution to display and manage your ERC-20 tokens.
Launched in 2015, MyEtherWallet rose in popularity very quickly, attracting around 1.2 million monthly users during the ICO boom when it was common for crypto startups to raise funds by issuing ERC-20 tokens.
Now, all eyes are on MyEtherWallet again after recently developing a new platform for allowing investors to convert their crypto holdings to fiat money anonymously.
How does MyEtherWallet work?
MyEtherWallet app is generated online, but it’s not an online wallet. That’s because after you create an account, the wallet information, such as your private key is not stored on its servers.
You have the option to print it and store it as a paper wallet or, less advisably, store it on your computer. In short, you’re in full control of your wallet and cryptocurrencies, which is not necessarily the case with online wallets, which could in extreme cases can be confiscated.
The app servers do not store any user details. As such, your private key’s safety is your sole responsibility from the moment you generate it.
Choice of coins
At the time of writing this MyEtherWallet review, the MEW interface is compatible with Ethereum, Ethereum Classic, and other Ethereum (ERC-20) tokens.
If you wish to convert Ether into other cryptocurrencies such as Bitcoin, you must do so using a legitimate cryptocurrency exchange. As the MEW interface is designed to work solely on the Ethereum network, there are no plans afoot to extend its compatibility elsewhere.
As the EtherWallet interface is only an access point to transact on the Ethereum blockchain and is not a crypto wallet in its own right, it does not need to charge fees to its users. The portal is entirely free and open-source.
In terms of the safety of the users, it’s undoubtedly important to make sure that you always access the portal via the ‘HTTPS://’ protocol. Aside from that, MEW generates a unique private key for your connected, compatible wallet that cannot be accessed by anyone online. Its support for cold storage and offline transactions makes it a highly secure option for Ethereum investors.
Wallet name: The MyEtherWallet
Coins accepted: Ethereum (ETH), Ethereum Classic (ETC), and all other ERC-20 tokens
Linked Exchange: n/a
Countries: Available in 192 countries
Languages: 18 languages available
Mobile compatibility: Beta iOS app launched
Wallet Rating: 4/5
Wallet Type: Software
How to Install the MyEtherWallet app on Windows and Mac
- You will need to install the BlueStacks emulator on your PC.
- Complete the installation of the emulator by following the on-screen instructions
- Open the PlayStore app from the home screen of the emulator.
- Log in using your Google ID to access the PlayStore app features
- Search for the MyEtherWallet app and click on the install button to get the app on your PC.
You can also use the MyEtherWallet app on your smartphone as well.