How to register and use MyEtherWallet (MEW)

How to register and use MyEtherWallet (MEW)

Recently, there have been many questions from the category «Where to store DPT?» Or «How to add a token to MEW?» In this regard, we decided to consider the most popular service for storing ERC-20 tokens – MyEtherWallet or MEW.

It should be noted, that many perceive all such services as wallets, comparing them, for example, with EPS, but this is erroneous. Any such service is just an interface for interacting with the blockchain. It is worthwhile to understand that all your funds are stored directly on the blockchain in the form of a record, and such «wallets» only help to gain access to these funds. But for convenience, in the future we will use the term «wallet», since so many are familiar.

So, after clicking on the link, we get to this site:


 

As we can see, it is possible to create a new wallet or access the old one immediately. If you already used the old interface and it’s more familiar to you, then you can go to it (there is a link at the top), but we won’t stop there, because progress doesn`t stand still, and the new style is more convenient and pleasant. We proceed to the creation of the wallet (click on the appropriate block).

We are immediately invited to read the safety regulations.


 

We advise you to read them, because in the future, following them will help you to save money. After that, we are offered to create a wallet in three ways:


 

• Using a special application for a smartphone.Scan the QR code For quick access to it. The site will tell us that this is the most preferred method, since it is the most secure.
• The second option. You write a password and then a special document is generated with which you will gain access in the future.
• The third option is to use a mnemonic phrase. It is necessary to save 12 or 24 random words in the exact order in which they are written. You can also optionally set a password that will be used each time along with the mnemonic phrase.


 

 

Access via app

 

The first option is considered the safest and most convenient. You scan the QR code and it redirects you to the store where you can download the application.


 

Next, we go into it. We are prompted to enter a password, which will be used in future to gain access to the wallet.


 

And we get into our wallet.


 

In the future, you can use your fingerprint to access. If you want to enter the browser version of MEW through a computer, then select:


 

This window opens:


 

Then go into the application, there select «Scan QR code» and scan it. After that, the wallet opens on the computer.

 

 

Access by using a special document

 

The following 2 methods are considered less secure. First, consider the second option – the generation of a special document. So, enter the password and click «Next»:


 

Read the safety regulations:


 

• Password cannot be restored;
• The password cannot be given to anyone;
• It is advisable to back up and keep in a safe place.

 

After that, click «Download».

So, we downloaded a special document.


 

Save it in a safe place. It will be used for accessing the wallet. Select this option:


 

Next:


 

A special window opens, with which you need to download the document. Download it and write the password that was originally indicated before generating the document:


 

Actually that’s all. Accessed.

 

 

Mnemonic phrase

 

Now, let`s consider the third option – the use of a mnemonic phrase. Save the words in the order in which they are written, and click «I wrote down my mnemonic phrase»:


 

Since there are certain problems with the service now, we cannot describe in detail the process of creating a private key. In short, a private key will be generated for you, which is important to save as well as the mnemonic phrase. In the future, you can access the wallet using the mnemonic phrase:


 

Or using a private key:


 

It should be noted, that using a private key is the easiest option, since copying and pasting it is enough, but it is also the most dangerous option, because attackers can easily intercept and use it.

 

 

What is the best wallet access option?

 

Everyone decides for himself. If you have a smartphone running Android 8.0 or higher or iOS 10.0 or higher, then it is better to choose the first option, since it is both the most secure and convenient enough. If there is no phone, then the second or third. The easiest way is to use a private key (third option), but also less secure.

 

 

Interaction with Interface

 

That’s all. Now consider adding DPT. Here is the wallet:


 

We marked the address on the Ethereum blockchain by number 1. It can be used to obtain ETH, and to receive any ERC-20 token, including DPT. For example, you bought DPT on the exchange or in the exchanger, then you can safely send your tokens to this address.

How to see DPT? For this, you need to add it (highlighted by the number 2). Click «Custom Tokens» and a special window will opens:


 

• In the first field, write the address of the contract – 0x10c71515602429c19d53011ea7040b87a4894838.
• In the second field, write the token symbol is DPT.
• In the third field, write the number of symbols after comma- 18.

 

And click «Save».

After a few seconds, DPT will appear on the right next to other ERC-20 tokens.


 

Accordingly, if there will already be some DPT at your address, then they will be displayed. It is should be noted, that you can send tokens to an address even before you add it to the above method. As we wrote above, they are not stored in this interface, but in the blockchain itself, and MEW only helps them see and interact with them.

Select the appropriate section for transferring ETH or any other ERC-20 token from your address to another:


 

Enter all the necessary information (token, quantity) and click «Send Transaction».

That’s the whole process of creating a wallet in MEW and interacting with it. There is nothing complicated.

 

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Recently, there have been many questions from the category «Where to store DPT?» Or «How to add a token to MEW?» In this regard, we decided to consider the most popular service for storing ERC-20 tokens – MyEtherWallet or MEW.

It should be noted, that many perceive all such services as wallets, comparing them, for example, with EPS, but this is erroneous. Any such service is just an interface for interacting with the blockchain. It is worthwhile to understand that all your funds are stored directly on the blockchain in the form of a record, and such «wallets» only help to gain access to these funds. But for convenience, in the future we will use the term «wallet», since so many are familiar.

So, after clicking on the link, we get to this site:


 

As we can see, it is possible to create a new wallet or access the old one immediately. If you already used the old interface and it’s more familiar to you, then you can go to it (there is a link at the top), but we won’t stop there, because progress doesn`t stand still, and the new style is more convenient and pleasant. We proceed to the creation of the wallet (click on the appropriate block).

We are immediately invited to read the safety regulations.


 

We advise you to read them, because in the future, following them will help you to save money. After that, we are offered to create a wallet in three ways:


 

• Using a special application for a smartphone.Scan the QR code For quick access to it. The site will tell us that this is the most preferred method, since it is the most secure.
• The second option. You write a password and then a special document is generated with which you will gain access in the future.
• The third option is to use a mnemonic phrase. It is necessary to save 12 or 24 random words in the exact order in which they are written. You can also optionally set a password that will be used each time along with the mnemonic phrase.


 

 

Access via app

 

The first option is considered the safest and most convenient. You scan the QR code and it redirects you to the store where you can download the application.


 

Next, we go into it. We are prompted to enter a password, which will be used in future to gain access to the wallet.


 

And we get into our wallet.


 

In the future, you can use your fingerprint to access. If you want to enter the browser version of MEW through a computer, then select:


 

This window opens:


 

Then go into the application, there select «Scan QR code» and scan it. After that, the wallet opens on the computer.

 

 

Access by using a special document

 

The following 2 methods are considered less secure. First, consider the second option – the generation of a special document. So, enter the password and click «Next»:


 

Read the safety regulations:


 

• Password cannot be restored;
• The password cannot be given to anyone;
• It is advisable to back up and keep in a safe place.

 

After that, click «Download».

So, we downloaded a special document.


 

Save it in a safe place. It will be used for accessing the wallet. Select this option:


 

Next:


 

A special window opens, with which you need to download the document. Download it and write the password that was originally indicated before generating the document:


 

Actually that’s all. Accessed.

 

 

Mnemonic phrase

 

Now, let`s consider the third option – the use of a mnemonic phrase. Save the words in the order in which they are written, and click «I wrote down my mnemonic phrase»:


 

Since there are certain problems with the service now, we cannot describe in detail the process of creating a private key. In short, a private key will be generated for you, which is important to save as well as the mnemonic phrase. In the future, you can access the wallet using the mnemonic phrase:


 

Or using a private key:


 

It should be noted, that using a private key is the easiest option, since copying and pasting it is enough, but it is also the most dangerous option, because attackers can easily intercept and use it.

 

 

What is the best wallet access option?

 

Everyone decides for himself. If you have a smartphone running Android 8.0 or higher or iOS 10.0 or higher, then it is better to choose the first option, since it is both the most secure and convenient enough. If there is no phone, then the second or third. The easiest way is to use a private key (third option), but also less secure.

 

 

Interaction with Interface

 

That’s all. Now consider adding DPT. Here is the wallet:


 

We marked the address on the Ethereum blockchain by number 1. It can be used to obtain ETH, and to receive any ERC-20 token, including DPT. For example, you bought DPT on the exchange or in the exchanger, then you can safely send your tokens to this address.

How to see DPT? For this, you need to add it (highlighted by the number 2). Click «Custom Tokens» and a special window will opens:


 

• In the first field, write the address of the contract – 0x10c71515602429c19d53011ea7040b87a4894838.
• In the second field, write the token symbol is DPT.
• In the third field, write the number of symbols after comma- 18.

 

And click «Save».

After a few seconds, DPT will appear on the right next to other ERC-20 tokens.


 

Accordingly, if there will already be some DPT at your address, then they will be displayed. It is should be noted, that you can send tokens to an address even before you add it to the above method. As we wrote above, they are not stored in this interface, but in the blockchain itself, and MEW only helps them see and interact with them.

Select the appropriate section for transferring ETH or any other ERC-20 token from your address to another:


 

Enter all the necessary information (token, quantity) and click «Send Transaction».

That’s the whole process of creating a wallet in MEW and interacting with it. There is nothing complicated.

 

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