How to get an Ethereum wallet? Given the popularity of ERC-20 standard tokens from the Ethereum Blockchain network commonly used by ICOs, MyEtherWallet has become one of the most recommended wallets. It is one of the best wallets for safekeeping of purchased Ethereum tokens for your mobile bitcoin casino.
In the following guide you will learn more about Ethereum wallet.
How to get an Ethereum wallet? What is MyEtherWallet?
MyEtherWallet is a wallet designed for clients to manage their cryptocurrencies within the Ethereum Blockchain network. There’s also a possibility of creating new wallets compatible with this network.
Although this is a wallet that is managed by the Internet, the wallets created in it are cold wallets. This means that they are not connected to the internet. The funds are stored directly on your computer. It is important to know this in order to safeguard the integrity and security of the computer where you have downloaded the wallet.
This wallet is compatible with other wallets, including hardware wallets such as TREZOR or Ledger Nano S.
How to get an Ethereum wallet?
As mentioned above, MyEtherWallet is very easy to use, and also very similar to Bitcoin wallet. Follow these few simple steps to create your own wallet. There, you’ll be able to save the ERC-20 tokens that you want.
Enter the MEW website
First of all, you must enter the official website of MyEtherWallet. It is important that you verify the security of the web before taking any type of action. Despite the fact that the wallet has excellent security, phishing cases have been detected with false pages trying to obtain access codes or generate income from fake accounts.
Create a new MEW wallet
Once you have verified the SSL certificate of the website, you can proceed to open your wallet. On the main page itself, you are going to notice a form in which you must enter and generate a 9-character key. Then you must click on the button “Generate Portfolio”. It is very important that you store the password you have created in a completely secure place. This password is the only way you can access your funds.
Save generated passwords
Once you have pressed the Generate Portfolio button, you will see a blue button on the screen. Click this button to proceed to download the files that contain your Private Key.
These downloaded files contain all the data in your wallet. It is necessary that you safeguard this data in the best possible way since, in the event of misappropriation, your funds could be seriously compromised.
Access to the MEW wallet
Since now you have your keys, you can proceed to access your virtual wallet. You can also access other wallets that have Private Access Keys.
What will you see once inside your MyEtherWallet wallet?
Once inside your wallet, you will find a series of elements that you must distinguish to know how to receive or send tokens directly from your MEW.
How to get an Ethereum wallet?
Public key: The public key is the address where you will receive your funds. The address is also offered to you in a QR code, ideal for scanning and using it to send tokens from mobile phones.
Balance: The account balance can be shown in both ETH and ERC-20 tokens.
Private key without encryption: Here you will see your private key without any level of encryption.
Transaction history: Here you can track all the operations that you have carried out from your wallet.
Buy Ether with Fiat currency: The wallet does not present a direct option to buy ETH with them, but it does have the option to redirect you to Coinbase and buy from there.
Print paper portfolio: It is a button that will allow you to print your wallet and have it on paper.
How do you send funds from MyEtherWallet?
If you already have your ERC-20 or ETH tokens in your MyEtherWallet account, then you need to know how to move them. Here is the step by step procedure to do this:
– Open the MyEtherWallet website and look for the option that says “Send Ether and tokens”
– Enter the data to access the account.
– Look for the option where it says “To” and there put the public key of the wallet to which you want to send the coins.
– Enter the number of coins you want to send.
How to get an Ethereum wallet? My Ether Wallet Security
One of the most important elements to consider when you want to create your Wallets is security. In this case, MyEtherWallet offers you extensive guarantees since it has the highest levels of security in the market. These are the reasons why we consider that this wallet has such parameters:
All operations offline
The wallet keeps funds offline, away from hacker attacks. The important thing in this sense is to highlight the care that you must take of the private keys of our wallet. Remember that if you lose these keys, there is no way to recover them.
No hacking attacks reported
In the years that MEW has been in operation, no type of hacking or theft of these wallets has been detected. Given the format and operation of the wallet, there is no way to hack accounts if you do not have user data.
What has been seen are phishing attacks to obtain the users’ private keys, and subsequently, enter the Ethereum network with these data.
This feature is one of the main disadvantages that we can see in MEW. However, it is an issue that is easily solvable. It is enough just to be very cautious and make sure you enter your user data in the right place.