How to use MyEtherWallet
This guide will show you how to use MyEtherWallet (how to create myetherwallet account, how to send tokens from myetherwallet, how to add token to myetherwallet…)
What’s MyEtherWallet (MEW)
MyEtherWallet is a client side wallet for ETH and ERC20 tokens, 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.
MyEtherWallet (MEW) is a free, open-source, client-side interface for generating Ethereum wallets & more. Interact with the Ethereum blockchain easily & securely.
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.
How to use MyEtherWallet
Part 1: Create a Wallet
The following assumes you are not using a Ledger or TREZOR hardware wallet. Due to their ease of use and security, we recommend a hardware wallet for cold storage.
To save / backup your Ledger or TREZOR device, simply write down the 24-word phrase on the card they provide and keep it very, very safe. Never put this key on an online device or type it in to MyEtherWallet.com.
Go to https://www.myetherwallet.com/.
Enter a strong but easy to remember password. Do not forget it.
This encrypts (protects) your private key. It does not generate your private key. This password alone will not be enough to access your Ether.
Click the “Create New Wallet” button.
Step 2: Download your Keystore / UTC file & save this file to a USB drive.
This is the encrypted version of your private key. You need the password to access it. It is safer than your unencrypted private key but you must have your password to access it in the future.
Read the warning. If you understand it, click the “I understand. Continue” button.
Print your paper wallet backup and/or carefully hand-write the private key on a piece of paper.
If you are writing it, it is recommend you write it 2 or 3 times. This decreases the chance your messy handwriting will prevent you from accessing your wallet later.
Store your Private Key. You have 3 ways of doing this.
- You can download .JSON file with an encrypted version of the private key which is compatible with geth, mist and myetherwallet and requires a password to decrypt (Keystore).
- You can also store unencrypted version of your private key by downloading it in a .JSON file or by copy pasting it from the website.
- We recommend you use the Keystore (encrypted) feature, which provides an additional layer of security to your wallet.
Part 2: How to login myetherwallet
Unlock your new wallet from the Keystore / UTC file on your USB drive or via the private key that you printed out.
Click Keystore / Json file -> Select Wallet File…
Copy & paste your Account address into a text document somewhere.
Search your address on https://etherscan.io/. Bookmark this page. This is how you will view your balance at any time
Send a small amount of Ether (0.0001 ETH) from your previous wallet or exchange to your new wallet.
Part 3: How to add token to myetherwallet
How to Add a Custom Token to MEW
Adding a new token / sending custom tokens / checking balance of tokens / seeing custom token / ERC-20
Any ERC-20 token can be added to your local MEW interface by following these instructions.
Make sure it isn’t already in the list:
Click the Orange “Show All Tokens” Button
Scroll and click the token you want to load, where it says “Click to Load”. You can also use cmd/ctrl+f to search for a token on the list more quickly.
If you have a balance you won’t have to load it again—it will automatically load in the future.
If your token is not on the list !?
On the “Send Ether & Tokens” page on MEW, click View Balance Only (Must use one of above options to send) and paste your address.
In the sidebar, click the https://etherscan.io link under Transaction History or How to See your Tokens.
Click the dropdown in the right-upper quadrant. It’s labeled Token Tracker.
Click the token that you aren’t seeing on MEW.
Copy the string next to Contact Address.
Back on MEW, click the Add Custom Token button on the right sidebar.
Paste the Contact Address.
Type in what you want to call it – the name or the symbol.
Return to Etherscan.io. Look for the number (between 0 and 18) next to Token Decimals.
Enter this under Decimals on MEW.
Click “Save” on MEW.
? You can now send your new token and see it’s balance in the sidebar!
Removing Custom Tokens
To remove a custom token, click the little ( – ) icon next to your token. This will remove it from the interface. It is not deleting or removing the tokens themselves. They are still safely in your wallet, we promise.
Part 4: Send a Transaction
How To Send ETH & Tokens on MyEtherWallet
If you plan to move a large amount of Ether or tokens, you should send a test transaction of a small amount to the destination wallet first to ensure everything goes as planned.
Step 1: Navigate to the Send Ether & Tokens page
Step 2: Select how you would like to access your wallet and unlock it (Part 2)
Step 3: You can now send that token as well as see it’s balance in the sidebar.
Enter the amount you would like to send.
You can also click the “Send Entire Balance” link if you would like the transfer the entire balance.
Click “Generate Transaction”.
A couple more fields will appear. This is your browser generating the transaction.
Click the blue “Send Transaction” button below that. A pop-up will appear. Double-check the amount, type of coin, and the address are correct.
Click “Yes, I am sure! Make transaction.” button. The transaction will be submitted. The TX ID will display. You can click that TX ID to see it on the blockchain.
Just as a reminder, any transaction that you make will require Gas which is paid in Ether. It is a transaction fee that is paid to the miners as an incentive to include your transactions in the blocks that they mine.
You can receive free Tokens with MEW at: http://lambtc.com/tag/free-token/
Safe Storage of Backups
It is recommended that you store backups of both forms of your key (the Keystore / UTC file version and paper wallet version) in physically separate, offline environments.
This prevents loss of the private key & password due to: dead hard drive, lost USB drive, wet piece of paper, etc. Keep in mind that physical loss can affect an entire area (e.g. fire, flood).
We cannot recover your key
MyEtherWallet is not a web wallet and cannot recover your private key or password, access your account, move funds, recover funds, nor cancel/reverse transactions.
We are a client-side interface that allows you to interact with the Ethereum blockchain. Please secure & back up your key like the millions of dollars it could some day be worth.