MyEtherWallet, also known as the MEW wallet, is one of the most popular Ethereum wallets. MyEtherWallet is considered a highly flexible user interface to access the Ethereum blockchain network. It is a free-to-use, open-source platform that allows users to create cryptocurrency wallets that operate securely on the Ethereum network.
Talking in more technical terms, MyEtherWallet is deemed a client-side interface that allows you to create wallets online before storing your digital assets offline in a hardware wallet, eliminating the security vulnerabilities of housing Ethereum in a web-based wallet.
MyEtherWallet is a web-based Ethereum and ERC20 token wallet that lets you get direct access to the Ethereum blockchain. This open-source wallet lets users retain their private keys, adding an extra layer of security compared to other web-based wallets.
MEW is a client-side interface that interacts with the Ethereum blockchain.
Pricing: Free. You will be charged transaction fees when you send ether, but those go to the miners working on the Ethereum blockchain and not to MEW.
Payment Method: There is a send transaction box in the interface to input an ether amount. The equivalent value is shown in the bottom left making it instantaneous to see current exchange rates.
Features: Allows users to interact with the Ethereum blockchain directly from a web browser.
Other Benefits: No one at MyEtherWallet will ever hold access to the keys.
Hard Wallet or Digital Wallet or Both: Digital/ Software/ Web-based,/ Hot wallet (needs an internet connection to function)
Desktop or Mobile App: Both
Control Rating: You control
Type of Verification: HD
Vulnerable or Secure Environment: Secure
Privacy Rating: High privacy
Security: Private Key Ownership, Two Factor Authentication, Less secure and more vulnerable to phishing attacks
Coins accepted: Ethereum (ETH), Ethereum Classic (ETC) and all other ERC-20 tokens
Linked Exchange: n/a
Countries: Available in 192 countries
Languages: 18 languages available
Mobile compatibility: Beta iOS app launched
Compatible with: Geth, Mist, MetaMask, Jaxx Wallet, Ledger Nano S hardware wallet, TREZOR wallet