MyEtherWallet, Cryptocurrency & Blockchain

[vc_row][vc_column][vc_custom_heading text=”Welcome to MyEtherWallet.com” font_container=”tag:h2|font_size:36|text_align:left|color:%23333333″ google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal”][vc_row_inner][vc_column_inner width=”1/2″][TS_VCSC_Info_Notice presets=”preset_info_warning” panel_type=”warning” panel_icon=”ts-awesome-exclamation-circle” font_title_family=”Default:regular” font_content_family=”Default:regular”]Please take some time to understand this for your own safety. ? Your funds will be stolen if you do not heed these warnings.[/TS_VCSC_Info_Notice][/vc_column_inner][vc_column_inner width=”1/2″][TS_VCSC_Info_Notice presets=”preset_info_warning” panel_type=”warning” panel_icon=”ts-awesome-exclamation-circle” font_title_family=”Default:regular” font_content_family=”Default:regular”]MyEtherWallet cannot recover your funds or freeze your account if you visit a phishing site or lose your private key.[/TS_VCSC_Info_Notice][/vc_column_inner][/vc_row_inner][vc_column_text]

What is MEW?
  • MyEtherWallet is a free, open-source, client-side interface.
  • Mew allows you to interact directly with the blockchain while remaining in full control of your keys & your funds.
  • You and only you are responsible for your security.

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”MyEtherWallet is not a Bank” font_container=”tag:h2|font_size:36|text_align:left|color:%23333333″ google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal”][vc_row_inner content_placement=”middle”][vc_column_inner width=”1/2″][vc_single_image image=”4251″ img_size=”300×300″][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]

  • When you open an account with a bank or exchange, they create an account for you in their system.
  • The bank keeps track of your personal information, account passwords, balances, transactions and ultimately your money.
  • The bank charge fees to manage your account and provide services, like refunding transactions when your card gets stolen.
  • The bank allows you to write a check or charge your debit card to send money, go online to check your balance, reset your password, and get a new debit card if you lose it.
  • You have an account with the bank or exchange and they decide how much money you can send, where you can send it, and how long to hold on a suspicious deposit. All for a fee.

[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row content_placement=”middle”][vc_column][vc_custom_heading text=”MyEtherWallet is an Interface” font_container=”tag:h2|font_size:36|text_align:left|color:%23333333″ google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal”][vc_row_inner content_placement=”middle”][vc_column_inner width=”1/2″][vc_single_image image=”4252″ img_size=”300×300″][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]

  • When you create an account on MyEtherWallet you are generating a cryptographic set of numbers: your private key and your public key (address).
  • The handling of your keys happens entirely on your computer, inside your browser.
  • Mew never transmit, receive or store your private key, password, or other account information.
  • It does not charge a transaction fee.
  • You are simply using its interface to interact directly with the blockchain.
  • If you send your public key (address) to someone, they can send you ETH or tokens. ?
  • If you send your private key to someone, they now have full control of your account. ?

[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row content_placement=”middle”][vc_column][vc_custom_heading text=”Wait, WTF is a Blockchain?” font_container=”tag:h2|font_size:36|text_align:left|color:%23333333″ google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal”][vc_row_inner content_placement=”middle”][vc_column_inner width=”1/2″][vc_single_image image=”4252″ img_size=”full”][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]

  • The blockchain is like a huge, global, decentralized spreadsheet.
  • It keeps track of who sent how many coins to whom, and what the balance of every account is.
  • It is stored and maintained by thousands of people (miners) across the globe who have special computers.
  • The blocks in the blockchain are made up of all the individual transactions sent from MyEtherWallet, MetaMask, Exodus, Mist, Geth, Parity, and everywhere else.
  • When you see your balance on MyEtherWallet.com or view your transactions on etherscan.io, you are seeing data on the blockchain, not in our personal systems.
  • Again: Mew is not a bank.

[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row content_placement=”middle”][vc_column][vc_custom_heading text=”If MyEtherWallet can’t do those things, what’s the point?” font_container=”tag:h2|font_size:36|text_align:left|color:%23333333″ google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal”][vc_row_inner content_placement=”middle”][vc_column_inner width=”1/2″][vc_single_image image=”4254″ img_size=”full”][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]

Because we need you to understand that we cannot
  • Access your account or send your funds for you X.
  • Recover or change your private key.
  • Recover or reset your password.
  • Reverse, cancel, or refund transactions.
  • Freeze accounts.
You and only you are responsible for your security.
  • Be diligent to keep your private key and password safe. Your private key is sometimes called your mnemonic phrase, keystore file, UTC file, JSON file, wallet file.
  • If you lose your private key or password, no one can recover it.
  • If you enter your private key on a phishing website, you will have all your funds taken.

[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row content_placement=”middle”][vc_column][vc_custom_heading text=”Why are you making me read all this?” font_container=”tag:h2|font_size:36|text_align:left|color:%23333333″ google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal”][vc_row_inner content_placement=”middle”][vc_column_inner width=”1/2″][vc_single_image image=”4254″ img_size=”full”][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]

Because we need you to understand that we cannot
  • Access your account or send your funds for you X.
  • Recover or change your private key.
  • Recover or reset your password.
  • Reverse, cancel, or refund transactions.
  • Freeze accounts.
You and only you are responsible for your security.
  • Be diligent to keep your private key and password safe. Your private key is sometimes called your mnemonic phrase, keystore file, UTC file, JSON file, wallet file.
  • If you lose your private key or password, no one can recover it.
  • If you enter your private key on a phishing website, you will have all your funds taken.

[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row equal_height=”yes” content_placement=”middle”][vc_column][vc_custom_heading text=”If MyEtherWallet can’t do those things, what’s the point?” font_container=”tag:h2|font_size:36|text_align:left|color:%23333333″ google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal”][vc_row_inner content_placement=”middle”][vc_column_inner width=”1/2″][vc_single_image image=”4255″ img_size=”full”][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]

Because we need you to understand that we cannot
  • Access your account or send your funds for you X.
  • Recover or change your private key.
  • Recover or reset your password.
  • Reverse, cancel, or refund transactions.
  • Freeze accounts.
You and only you are responsible for your security.
  • Be diligent to keep your private key and password safe. Your private key is sometimes called your mnemonic phrase, keystore file, UTC file, JSON file, wallet file.
  • If you lose your private key or password, no one can recover it.
  • If you enter your private key on a phishing website, you will have all your funds taken.

[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row content_placement=”middle”][vc_column][vc_custom_heading text=”How To Protect Yourself from Phishers” font_container=”tag:h2|font_size:36|text_align:left|color:%23333333″ google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal”][vc_row_inner content_placement=”middle”][vc_column_inner width=”1/2″][vc_single_image image=”4256″ img_size=”full”][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]

Phishers send you a message with a link to a website that looks just like MyEtherWallet, EtherDelta, Paypal, or your bank, but is not the real website. They steal your information and then steal your money.

  • Install EAL or MetaMask or Cryptonite by Metacert or the MyEtherWallet Chrome Extension to block malicious websites.
  • Always check the URL: https://www.myetherwallet.com.
  • Always make sure the URL bar has MYETHERWALLET LLC [US] in green.
  • Do not trust messages or links sent to you randomly via email, Slack, Reddit, Twitter, etc.
  • Always navigate directly to a site before you enter information. Do not enter information after clicking a link from a message or email.
  • Install an AdBlocker and do not click ads on your search engine (e.g. Google).

[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row content_placement=”middle”][vc_column][vc_custom_heading text=”How To Protect Yourself from Scams” font_container=”tag:h2|font_size:36|text_align:left|color:%23333333″ google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal”][vc_row_inner content_placement=”middle”][vc_column_inner width=”1/2″][vc_single_image image=”4257″ img_size=”full”][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]

People will try to get you to give them money in return for nothing.

  • If it is too good to be true, it probably is.
  • Research before sending money to someone or some project. Look for information on a variety of websites and forums. Be wary.
  • Ask questions when you don’t understand something or it doesn’t seem right.
  • Don’t let fear, FUD, or FOMO win over common sense. If something is very urgent, ask yourself “why?”. It may be to create FOMO or prevent you from doing research.

[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row content_placement=”middle”][vc_column][vc_custom_heading text=”How To Protect Yourself from Loss” font_container=”tag:h2|font_size:36|text_align:left|color:%23333333″ google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal”][vc_row_inner content_placement=”middle”][vc_column_inner width=”1/2″][vc_single_image image=”4258″ img_size=”full”][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]

  • If you lose your private key or password, it is gone forever. Don’t lose it.

    • Make a backup of your private key and password. Do NOT just store it on your computer. Print it out on a piece of paper or save it to a USB drive.
    • Store this paper or USB drive in a different physical location. A backup is not useful if it is destroyed by a fire or flood along with your laptop.
    • Do not store your private key in Dropbox, Google Drive, or other cloud storage. If that account is compromised, your funds will be stolen.
    • If you have more than 1-week’s worth of pay worth of cryptocurrency, get a hardware wallet. No excuses. It’s worth it. I promise.

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