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Author Topic: How to Create your own Ethereum Wallet?  (Read 53 times)
maxfour
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June 28, 2018, 01:26:52 PM
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Let's begin.

1.Visit MyEtherWallet.com website. You will see the main page asking you to create a New Wallet. Go ahead, Enter your password and click on "Create New Wallet". Please note of your password, if you forget it consider losing all your Ethereum coins on this wallet.

2.You should see the next page, saving your Keystore file. Click "Download Keystore File (UTC / JSON)", save it to your desktop or usb and make a multiple copies if possible.

3.Click "I understand. Continue." then you "Save your Private Key" and Print Paper Wallet. Click "Save your Wallet" when you're ready.

4.You're almost done. Now, let's unlock your key to check if everything is working as intended.

5.First select "Keystore File (UTC / JSON)", click on "Select your Wallet File" to browse your Private Keystore that we saved on Step 2. Your wallet is encrypted, please enter your password created on Step 1. Click on "Unlock". You will see a notice "Wallet is decrypted". Scroll down to check your Wallet Address, for example my Ethereum Wallet Address is 0x2ab80705677FeebDBB8023d997F45833347c1C5C. You can use my Wallet Address to send me a Ethereum coin for tipping. Smiley

6.Second option to login to your Ethereum Wallet using your Private Key created on Step 3. Refresh the website, click on "View Wallet Info", this time select "Private Key", paste/type your private key, then "Unlock".

Done. We just created our Ethereum Wallet through MyEtherWallet.com
How to add a Custom Token? Please follow this step by step procedure. This applies to any new cryptocurrencies created on top of Ethereum Decentralized Platform.
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boyptc
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June 28, 2018, 01:58:48 PM
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You should add "via Myetherwallet" to the title otherwise you can add other wallets that can provide an ethereum address. Add also some precautions on what newbies must do to keep their private keys safe.

Still great job!

crairezx20
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June 28, 2018, 02:32:16 PM
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Not only myetherwallet can make you wallet for ethereum you can also make wallet from  coinomi wallet or metamask and you can save your seed phrase and backup your own private key.

I think if you can add coinomi or metamask wallet in your tutorial it can be more useful and helpful to newbies.

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June 28, 2018, 03:16:40 PM
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The simple way to create  ethereum wallet is on myetherwallet its the best its more secure and its easy to use, Its the best one.

It's definitely not the best one(in terms of security, at least). Always take note that if you're holding huge amounts of ETH and tokens, maybe worth $300 and above, then consider buying a hardware wallet like the Trezor[1] or the Ledger Nano S[2].


[1] https://trezor.io/
[2] https://ledgerwallet.com/

jeannavence143
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June 28, 2018, 05:23:37 PM
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You should add "via Myetherwallet" to the title otherwise you can add other wallets that can provide an ethereum address. Add also some precautions on what newbies must do to keep their private keys safe.

Still great job!
I agree but its still very useful for me, looking forward to OP to add some trusted ethereum wallet in the future if he/she wants to.
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June 28, 2018, 08:07:27 PM
 #6

I would like to add also that using json file to access a wallet is not recommend and safe way, it is better for newbies to get a ledger nano s and connect mew with it.

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