How To Create Myetherwallet | Myetherwallet Tutorial 2020 | MEW 2020
how to create myetherwallet. This guide/tutorial will show you how to setup MyEtherWallet (MEW) to create an Ethereum wallet. Let me know if this walkthrough was helpful and if you have any questions about the process? MyEtherWallet is a great resource to get started with a Ethereum wallet so you can get going in the crypto space.
How to Create a Wallet
If you are currently using a Hardware wallet (such as Ledger or Trezor) or another wallet service (such as MetaMask), this article is not for you. This is only for new users, looking to begin from scratch.
3 min read
MyEtherWallet (MEW) offers three ways to create a new ETH wallet.
Out of the three, we highly suggest creating your wallet with our smartphone app, MEWconnect. This is the best option for the security and safekeeping of your information. To learn more about creating your wallet with MEWconnect, click here.
The other two options we offer are by Keystore/JSON file and Mnemonic Phrase.
These are not recommended ways to create and access your wallet.
The following information is for those who wish to proceed, regardless of our warnings. If you’re going to do something, learn to do it safely. We highly suggest you access MEW offline when using these options.
Before we continue, a few words of caution:
Never share this information with anyone. This information gives complete and permanent access to your wallet.
Do not keep this information on a device connected to the internet. Hackers can and will find it in your hard drive.
Choose strong passwords and write everything down, in multiple locations.
We cannot recover this information for you.
Keystore/JSON
Read more about what a Keystore/JSON file is here.
Step 1. Head to www.myetherwallet.com.
Step 2. Click ‘Create a New Wallet’.
Step 3. Choose the ‘By JSON File’ option.
Step 4. Enter a strong password, and write it down on paper.
We cannot recover or reset your password for you. Write it down!
Step 5. Download your JSON File, preferably to a USB device.
Do not open this file. It is meant to be used by our interface.
Step 6. Now you’re done, and ready to access your wallet!
Mnemonic Phrase
Read more about what a Mnemonic Phrase is here.
Step 1. Head to www.myetherwallet.com.
Step 2. Click ‘Create a New Wallet’.
Step 3. Choose the ‘By Mnemonic Phrase’ option.
Step 4. Choose a 12 or 24 word phrase, and WRITE IT DOWN!
Do not store this on your computer. It is meant to be written down multiple times.
Step 5. There is an option for an extra word here, for added security. Choosing to include an extra word keeps your phrase more secure, but it limits the accessibility of your phrase with other wallets. Other wallets may not allow for an extra word, making your phrase incompatible.
We cannot recover or reset your phrase or extra word for you. Write it down!
Step 6. Now pass a quick test, and you’re done! You’re ready to access your wallet.
For more information on how to access your new wallet,
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Disclaimer: I am definitely not giving you any financial or investment advice. This video and our website at Ultimate Money is for entertainment and education purposes only. It is of the utmost importance that you do your own research and use your own best judgment before making your own decisions.
