MyEtherWallet MyEtherWallet Website

A web browser that can be run on mobile or desktop computers.
  • ValidationCentralised
  • AnonymityHigh
  • Ease of useLower Intermediate
  • Supported Coins
  • ETH

Pros & Cons

  • Relatively simple to use, as long as you understand basic security measures and don’t accidentally compromise your own private key or fail to make a backup.
  • You can control your own private key completely, putting you in charge of your own funds.
  • With the client-side application and multiple wallet creation, there is high anonymity and privacy.
  • The software is fully open-source.
  • MyEther only supports Ethereum transactions.
  • MyEther can be vulnerable to browser extension hacks, Java hacks, and phishing emails, so the user has to be alert about all the possible ways their funds can be accessed.
  • You need to buy a hardware wallet, or use a slightly complex method of completing transactions offline in order to stay secure.

Features

You create and back up your own wallets, the keys of which never shared online.

Wallet Info

Founder(s)
Taylor Monahan
Price
Free to create
Private Keys Stored by
Entirely by you
Security
Good, depending on the user’s ability to secure their private key
What it is

A client-side tool, written in JavaScript that allows you to generate Ethereum wallets of your own.

David is a forex trader and writer who has spent the last few years giving his opinion and spreading news about oncoming markets and trading tips. Besides from being a trader he is also a lifelong Everton fan and enjoys spending free time watching his beloved team in the premier league.

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