Ethereum (ETH) has become a cornerstone for decentralized applications (dApps), ICO investments, and airdrop participation. Storing ETH securely requires reliable wallets—MyEtherWallet (MEW) and MetaMask are two top choices. This guide covers setup, transactions, and security for both.
Why Use Ethereum Wallets?
- Secure Storage: Safeguard ETH and ERC-20 tokens.
- ICO Participation: Invest in blockchain projects.
- Airdrops/Bounties: Receive free tokens securely.
MyEtherWallet (MEW)
What is MEW?
MyEtherWallet is a client-side interface that connects directly to the Ethereum blockchain. It doesn’t store your funds—it generates keys for you to manage.
How to Create an ETH Wallet with MEW
- Visit: https://www.myetherwallet.com (verify SSL/TLS and "MYETHERWALLET LLC" in the certificate).
- Set Password: Enter a strong password > Click Create New Wallet.
- Download Keystore File: Save this encrypted file securely.
- Save Private Key: Write it down offline—never share it.
👉 Secure your ETH with MEW’s offline guide
Accessing Your MEW Wallet
- Method 1: Upload the Keystore File + enter password.
- Method 2: Enter the Private Key manually.
Sending/Receiving ETH & Tokens
- Receive: Share your Public Address (e.g., for ICOs).
- Send: Navigate to Send Ether & Tokens > Enter recipient address/amount > Confirm transaction (Gas Limit: default unless specified).
Fee: ~0.00002 ETH ($0.02). Processing time: 1–5 minutes.
MetaMask
What is MetaMask?
A browser extension (Chrome, Firefox, Brave) acting as an Ethereum wallet and dApp gateway. No need to visit external sites for transactions.
Setting Up MetaMask
- Install: Add from Chrome Web Store or Firefox Add-ons.
- Create Wallet: Set a password > Save the 12-word Seed Phrase offline.
- Unlock: Enter password to access.
👉 Explore MetaMask’s dApp integrations
Managing ETH & Tokens
- Receive: Copy your wallet address from MetaMask.
- Send: Click Send > Enter details > Adjust Gas (if needed) > Confirm.
Restoring MetaMask
Use the 12-word Seed Phrase if reinstalling the browser or losing access.
Importing MEW to MetaMask
- Private Key/JSON File: Navigate to Import Account in MetaMask.
Ethereum Classic (ETC) Wallets
- MEW: Switch network to ETC (epool.io).
- ClassicEtherWallet: Official ETC wallet (https://ethereumproject.github.io/etherwallet).
- ClassicMask: ETC version of MetaMask.
Checking ERC-20 Token Balances
- Etherscan: Enter your wallet address > Check Token Transfers.
Add Custom Token:
- MEW: Under Token Balances, input Contract Address/Decimals.
- MetaMask: Go to TOKENS > ADD TOKEN.
MetaMask vs. MyEtherWallet: Which to Choose?
| Feature | MyEtherWallet | MetaMask |
|---|---|---|
| Security | High (offline access) | Moderate (browser-based) |
| Convenience | Manual login steps | Quick access via extension |
| Use Case | Long-term storage | Daily transactions/dApps |
Tip: Use MEW for cold storage and MetaMask for active trading.
FAQ
1. Can I use MetaMask on mobile?
Yes, via MetaMask Mobile (iOS/Android).
2. Is MyEtherWallet free?
Yes—MEW doesn’t charge for wallet creation.
3. How do I recover a lost Private Key?
Without the Keystore File or Seed Phrase, recovery is impossible. Always back up!
4. What’s the safest way to store ETH?
Combine MEW + hardware wallets (e.g., Ledger/Trezor) for maximum security.
5. Why isn’t my token showing in MetaMask?
Add it manually using the token’s Contract Address and Decimals.
6. Can I send ETH to an ETC address?
No—they use different blockchains. Double-check addresses!
Final Tip: Regularly update your wallet software and avoid phishing sites. Bookmark official links to stay safe!