Many experts do not find any significant advantages of the Myetherwallet virtual wallet. Probably, the popularity of this wallet is associated with the ability to accept absolutely any payments that do not have a minimum size limit, as the Cryptonator and Exmo virtual wallets. However, the process of creating the Myetherwallet wallet requires more operations.
Inspecting such digital wallets as Cryptonator and Exmo, you can find out that there is the limit on entering the digital currency — 0.01 ETH. In this case, most faucets have a minimum input size of 0.05 ETH. At the same time, an equal number of faucets have automatic withdrawal and carry out the transfer of funds in a smaller volume. In this regard, the user would be useful to have at his disposal a wallet that accepts smaller amounts. For faucets that display sums of at least 0.01 ETH, experts recommend using the Exmo digital wallet.
On the main page of the official portal, the user will need to specify a password consisting of numbers and letters of the Latin alphabet. Also, the password must contain at least one uppercase letter.
After completing this procedure, the wallet will be created automatically, and the user will be moved to another page containing important information. It is recommended that the wallet owner save the data displayed on this page.
The first field contains the address of the personal wallet, which is necessary for transferring funds from various resources that distribute ETH coins. This address can be written on paper or saved in a text file. In addition, it is recommended to save the key required to complete the entry.
In the second tab, the wallet owner is recommended to use the text key, which is highlighted in the image above with a red border. This key is confidential information. Therefore, in order to avoid problems, it should not be disclosed to third parties. Otherwise, a completely extraneous person can access the user’s tools. Also, the user can download a specialized file, which can then be used as one of the ways to access the digital wallet.
If you use the first link to download the file, you must save the key along with the wallet address in one text document.
As an alternative way to access the virtual wallet, you can use specialized QR codes that you need to print beforehand.
To visit the personal virtual wallet, the user needs to go to the tab with the name “View Wallet Info”, located at the top of the main page.
Then the user must select the authorization method. To do this, you can use a text key or a previously downloaded specialized file. After completing the action, you must click on the button labeled “Unlock Wallet”.
Then the user will be automatically moved to the personal cabinet, where he will be able to get acquainted with the information on the current state of the account of the used wallet.
To obtain the ETH virtual currency, the wallet owner will need to use his own address. To send funds, you need to go to a special tab called “Send Transaction”.
After that, the user will be moved to a special section intended for transactions.
All the information above is all you need to know about the Myetherwallet digital wallet.