• It is a free open source wallet
• It is reliable with a test of time testimony
• Its server does not store any sensitive information of its users
• It may be incorporated with hardware wallets for higher security
• MyEtherWallet isn't always as stable as hardware wallets
• Does not require KYC.
• Prone to phishing attacks.
MyEtherWallet is a free open source wallet which relates with Ethereum cryptocurrency ledger in other to let its users generate their cryptocurrency wallets online. It creates an interactive wallet with a private key that carries a private key. This wallet is constructed at the Ethereum blockchain to save Ethereum and ERC associated tokens.