How To Use MyEtherWallet

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I’ve done a few videos that reference MyEtherWallet, unfortunately, those videos mostly consisted of warnings, and how to tell if you are on the legitimate site. No doubt, that is great information for all to be aware of, but I wanted to take a better look at what exactly you can do using MyEtherWallet.

You can think of MyEtherWallet as the user friendly way to access the Ethereum blockchain. You can use this site to quickly create an Ethereum wallet that gives you control of the private keys. They give great instructions on their site so if you are interested in doing this go ahead and take a look. If you’re very new to this I encourage you to take your time and thoroughly read through the instructions to be sure you understand the implications of your responsibility for being in control of your own private keys. Consider this the next step up from just keeping your coins on an exchange.It has proven particularly helpful with the massive increase of ERC20 tokens because this website enables you to view and transfer any ERC20 tokens that you may have that are connected to an Ethereum address. So if, for example, you’ve used Metamask or a MEW ethereum address to partake in an ICO and you’d like to transfer the coins to a different place, here’s how you can do that:

Import or access your wallet, MEW now gives quite a few options, but let’s say you want to import your metamask wallet. Input your password and you’ll be taken to a screen like this. Because there are so many tokens now, you’ll need to click the box that says “show tokens”. Here you’ll see a long list of tokens. If you have a balance of any of these, this is where you will see that information. If the token you’re interested in is not listed, you can easily add it by scrolling to the bottom and filling out the “add custom token” form. You’ll need the token contract address which you can find by going to ethplorer.io and searching your token, there is where you’ll find ... https://www.youtube.com/watch?v=tdAneX2YTqA