{"id":4097,"date":"2017-11-10T16:17:23","date_gmt":"2017-11-11T00:17:23","guid":{"rendered":"https:\/\/coincentral.com\/?p=4097"},"modified":"2018-08-09T13:04:13","modified_gmt":"2018-08-09T20:04:13","slug":"myetherwallet-review","status":"publish","type":"post","link":"https:\/\/coincentral.com\/myetherwallet-review\/","title":{"rendered":"MyEtherWallet Review | Features and Public Opinion"},"content":{"rendered":"

MyEtherWallet Review<\/span><\/h1>\n

MyEtherWallet is primarily an Ethereum and token wallet generator. <\/span><\/p>\n

The website offers an open-source Ethereum wallet<\/a> that allows users to interact with the Ethereum blockchain directly from a web browser.<\/span><\/p>\n

You can enable the wallet directly via computer hard disks or a hardware wallets<\/a> for extra security.<\/span><\/p>\n

\"myetherwallet\"<\/p>\n

In this MyEthereumWallet review, you will find out about what the wallet offers and whether it is suitable for what you\u2019re looking for.<\/span><\/p>\n

Public Opinion<\/span><\/h2>\n

There are generally two very contrasting viewpoints when it comes to MyEtherWallet.<\/span><\/p>\n

On one hand, hardcore cryptocurrencies users generally offer MyEtherWallet their high praises. Some hardcore Ethereum fans say they could not live without the application as it is essential to the adoption of Ethereum. Since it\u2019s a free and open wallet that supports Trezor and Nano hardware, most bases are covered. The in-depth functionality coupled with security is a big tick.<\/span><\/p>\n

First-time Ethereum buyers seem to struggle with the wallet. It\u2019s not as slick and friendly as some offerings from big companies like Coinbase<\/a>. There continue to be complaints that the interface tends to be confusing with little intuitive flow that newcomers require.<\/span><\/p>\n

\"myetherwallet\"<\/p>\n

User Interface<\/span><\/h2>\n

You can simply load up your MyEtherWallet from your chosen web browser, and it doesn\u2019t take much for you to start working with the interface.<\/span><\/p>\n

Your private keys are not stored on MyEtherWallet, so it\u2019s essentially a web application allowing you to monitor and interact with Ethereum.<\/span><\/p>\n

It\u2019s fairly rudimentary in design and focuses on the fundamental components that enable users to send and receive of Ethereum.<\/span><\/p>\n

There\u2019s a nice big send transaction box where to input an ether amount. The equivalent value is shown in the bottom left making it instantaneous to see current exchange rates.<\/span><\/p>\n

\"send<\/p>\n

The account address is ready and easy to find at the top left of the screen. Simply just copy and paste this to receive ether from another wallet.<\/span><\/p>\n

There are more complex areas to the interface where you will need to know what you\u2019re doing. Smart contract interactions and ether-to-bitcoin exchange options are available, which is something you may not see on other general cryptocurrency wallets.<\/span><\/p>\n

It\u2019s a shame the blockchain explorer isn\u2019t included, you\u2019ll have to click the etherscan link on the left side of the wallet to check transactions.<\/span><\/p>\n

Security<\/span><\/h2>\n

The real beauty with MyEtherWallet is the ability to set the security to your individual needs. It is a customer-side wallet meaning that only you have access to your private keys. <\/span>No one at MyEtherWallet will ever hold access to the keys<\/b>.<\/span><\/p>\n

This is why it\u2019s important to be extremely vigilant for phishing scams every time you log in. The service has been attacked several times in the past. The best thing to do is bookmark<\/span> https:\/\/www.myetherwallet.com\/<\/span><\/a> and only enter through that link. Never login via Google or an email.<\/span><\/p>\n

During the setup process, you have to select where you want to store your private key. This is crucial to your security and there are three main options:<\/span><\/p>\n