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.
AuthorDavid Nugent
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.
