MyEtherWallet is a free platform for digital coins that use Ethereum (ETH) technology. The peculiarity of MEW is that it is an intermediary in crypto-currency transactions. This is an article from company cryptodefix.com. The resources themselves are not stored on third-party servers, but only on the local device to which the owner is logged. MyEtherWallet does not store any crypto-currency, but provides the user with a private key and a common wallet address. The treasurer is personally responsible for the security of the funds.
User-friendly interface, easy personalization, free distribution - these are just some of the icebergs for MEW's decent popularity. In addition to the ability to send and receive transactions, which are an integral part of every wallet, MyEtherWallet also supports intuitive software that interacts with smart contracts and dapps through partnerships with DEX .AG. Changelly, Bits and Simplex can offer them competitive prices for ETH and token exchange. ETH for fiat currencies like BTC.
The main advantages of MyEtherWallet:
- Simplicity and functionality.
- Convenient interface.
- Free and Reliable.
- There is no memory limit.
- Many cryptocurrencies are added.
- Ability to add new tokens.
Unlike other browser-based cryptocurrencies, MyEtherWallet does not store your tokens or private keys. User pools “stay” on the blockchain, and MyEther simply offers features to communicate with them. Tabs are controlled by secret keys that are generated when the service is registered. The advantage of such a solution is security. Your money will not be transferred to other storage services while they are online. But there is a downside: if you lose your passwords, you will not be able to access your wallet. For this reason, it is important to back up the key document and keep it in a safe place.