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Author Topic: What is myetherwallet.com  (Read 1459 times)
silent17 (OP)
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September 25, 2017, 01:49:09 PM
 #1

hi guys, I'm guys wondering what is myetherwallet.com, they say that it isn't a wallet? but can we use it as wallet to store our ETH?
and the next question is, if we have token, how can we convert it to ETH or BTH using myetherwallet.com?
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September 25, 2017, 01:52:10 PM
 #2

Myetherwallet is a website where you can generate and access your address. Read the site carefully, because it can be confusing the first time you use it. When you've created an address, you can use that to receive coins. You can access the site later to send the coins to someone else.


If you have tokens, you can't convert it to ETH of BTC using this site. You have to send it to an exchange where you can trade them for other coins.
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September 25, 2017, 02:24:53 PM
 #3

It is an online wallet for ETH tokens. I use it for a number of mine. Great for Ethereum in general, but also for tokens created under them. Makes it easy to store and add the new custom tokens until those tokens get their own unique wallet. Just read thought the site to set it up properly.

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September 25, 2017, 02:25:48 PM
 #4

Myetherwallet is a website where you can generate and access your address. Read the site carefully, because it can be confusing the first time you use it. When you've created an address, you can use that to receive coins. You can access the site later to send the coins to someone else.


If you have tokens, you can't convert it to ETH of BTC using this site. You have to send it to an exchange where you can trade them for other coins.
like for example a campaign give me some token, does this token automatically added as new token? sorry for a newbie question, im just learning this stuff
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September 25, 2017, 02:27:23 PM
 #5

MyEtherWallet is a client side wallet for ETH and ERC20 tokens. I am using it on offline air gapped computer , and making offline transaction, so my priv key never touch the internet. it is very safe to do that with a computer without network card.

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September 25, 2017, 02:30:30 PM
 #6

It is an online wallet for ETH tokens. I use it for a number of mine. Great for Ethereum in general, but also for tokens created under them. Makes it easy to store and add the new custom tokens until those tokens get their own unique wallet. Just read thought the site to set it up properly.
i see, for example, the campaign manager is sending me a new token from the campaign, do I need to add the token first before they send it to me?
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September 25, 2017, 02:41:08 PM
 #7

It is an online wallet for ETH tokens. I use it for a number of mine. Great for Ethereum in general, but also for tokens created under them. Makes it easy to store and add the new custom tokens until those tokens get their own unique wallet. Just read thought the site to set it up properly.
i see, for example, the campaign manager is sending me a new token from the campaign, do I need to add the token first before they send it to me?
\
Yes, you can add custom tokens in mew, then you can see the balance of that token when they send it to you. You can receive it even when you don't add it first but you need to add it so you can see it in your balance.
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September 25, 2017, 02:46:54 PM
 #8

It is an online wallet for ETH tokens. I use it for a number of mine. Great for Ethereum in general, but also for tokens created under them. Makes it easy to store and add the new custom tokens until those tokens get their own unique wallet. Just read thought the site to set it up properly.

I am fairly new into using it but I dont think this is correct.
The wallet itself is client side so not really an online wallet, more an online portal that allows you to access your offline wallet. I think it works completely offline too, but I wouldnt know how to do it.

I think its good and supports the -20 standard of Ethereum tokens apparently (I have my PoSTokens from the 1st airdrop there - hoping for ones from the second airdrop https://airdrop.postoken.org/?r=mz4ks4mv)

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September 25, 2017, 02:47:39 PM
 #9

Myetherwallet is not a website...
It's an interface between the blockchain and your computer. Contrary to usual website where you store content on it, you don't store your private key and your coin on this wallet, it just shows you what is in the blockchain, so you can access your amount of coins.

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September 25, 2017, 02:52:45 PM
 #10

Its a site to generate and use Ethereum addresses which supports all the tokens which are created on the ETH platform. You cant sell or purchase the tokens on the site as they dont have their own exchange like the waves platform.

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September 25, 2017, 03:18:38 PM
 #11

Myetherwallet is a ETH wallet which support the ERC20 tokens, many ICO's now a days using ERC token to send you and only some wallets support ERC tokens. No exchange wallet can be used to get ERC tokens. There is only one disadvantage of myetherwallet is that if you lost your private key, you lost all your coins in the wallet. Save your private key in safe place otherwise you cannot retrieve your coins.


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silent17 (OP)
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September 25, 2017, 03:26:30 PM
 #12

Thank you guys for the information, i really learn from it.
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September 26, 2017, 04:54:25 AM
 #13

hi guys, I'm guys wondering what is myetherwallet.com, they say that it isn't a wallet? but can we use it as wallet to store our ETH?
and the next question is, if we have token, how can we convert it to ETH or BTH using myetherwallet.com?
myetherwallet is an official wallet of the ethereum platform,
all tokens from smartcontract also go there
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September 26, 2017, 05:06:20 AM
 #14

myetherwallet.com is a web wallet just like blockchain.info, you can't you it to convert your Ethers to BTC the links on it are from third party ads, so they are independent on MEW, though most of those exchanges are trusted exchanges

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September 26, 2017, 05:11:36 AM
 #15

My ether wallet is a free, open-source, client-side interface for generating ethereum wallets, you can also convert your tokens to another one via shapeshift or changelly.

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September 26, 2017, 05:17:19 AM
 #16

hi guys, I'm guys wondering what is myetherwallet.com, they say that it isn't a wallet? but can we use it as wallet to store our ETH?
and the next question is, if we have token, how can we convert it to ETH or BTH using myetherwallet.com?
it is the web that can save your coins
so when you already have income from bounty and others , your earnings can be stored at myetherwallet.com
myetherwallet.com is arguably a wallet that can store possessions online
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September 26, 2017, 05:36:33 AM
 #17

hi guys, I'm guys wondering what is myetherwallet.com, they say that it isn't a wallet? but can we use it as wallet to store our ETH?
and the next question is, if we have token, how can we convert it to ETH or BTH using myetherwallet.com?
it is the web that can save your coins
so when you already have income from bounty and others , your earnings can be stored at myetherwallet.com
myetherwallet.com is arguably a wallet that can store possessions online

it is the best wallet out there for ETH and ER20 tokens


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Francis Freeman
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September 26, 2017, 06:49:22 AM
 #18

hi guys, I'm guys wondering what is myetherwallet.com, they say that it isn't a wallet? but can we use it as wallet to store our ETH?
and the next question is, if we have token, how can we convert it to ETH or BTH using myetherwallet.com?

It is a client side wallet for ETH and ERC20 tokens. I use it and it's very useful because with it you can safely store not only ETH and ETC, but tokens you buy from ICOs or get from signature campaigns as well.

You can't convert ETH to BTC on myetherwallet because it is not an exchange. For it you may use regular exchange, decentralized exchanges like Waves platform or you may ask some user on this forum.

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sweerty1
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Presale Starting May 1st


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September 26, 2017, 06:59:28 AM
 #19

Myetherwallet is very easy way of generating ether wallets. You just need file and password to save on your computer. You don't need to download blockchain. I suggest you to use it.

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ukboss
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September 26, 2017, 07:14:42 AM
 #20

My Etherwallet.com is a Online wallet it is only wallet as like other wallet . In this online area there are many online wallet but some of the most impotent and useful myetherwallet.com. it is easy to use and low transaction fess
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