Also, ensure that your computer’s antivirus software is always up to date.
Update your wallet software and virus protection – To reduce your vulnerabilities to hacks and other cybercrimes, always make sure you are using the latest wallet versions.Make an offline backup of your keystore – Keep copies of your keystore on multiple offline devices, such as a flash drives.Never share your private keys or passwords with anyone – This is self-explanatory.Pick a secure but easy-to-remember password – If your keystore is secured with a very strong password, it can be near impossible for someone to access your wallet, even with brute force methods.It is, therefore, crucial for every crypto investor to keep in mind the following safety practices. Hundreds of investors and exchange platforms have lost billions to hacking and other cyber-attacks. If you follow cryptocurrencies news at all, then you should have an idea of the sorts of dangers involved. Here you can view all your token balances, transactions, messages, etc. Step 5: Voila! You are now in the dashboard of your brand new MEW wallet. Step 4: Input the password you used to create the keystore file. Step 3: Next, select the ‘ Keystore File’ option and click ‘ Continue’. Step 1: Visit the MyEtherWallet website and select the ‘ Access My Wallet‘ option. Now that you have generated your keystore file, let’s examine how you can use it to view your wallet.
How to Access Your Wallet Your Keystore File Step 4: Congratulations, you have successfully created your first ERC-20 wallet. Download it by clicking ‘ Download Keystore File.’ Remember to keep this file in a safe location and never share it with anyone. When the file is ready, you will see the screen below. Step 3: The site will now generate a keystore file, which you can use to access your wallet in the future. Once you input your password, click Next. Step 2: Select ‘ By Keystore File’ and input a strong password. Step 1: Visit the MyEtherWallet website and select the ‘ Create New Wallet‘ option. Therefore, if you do choose to use this method, be sure to guard this file with your life!įollow the steps below to create a wallet using the keystore file method:
MEW recommends not accessing your wallet using the keystore file method, simply because if anyone gets their hands on the file, they can gain full control of your wallet. You can then use this file to access your wallet at any time. If you create a wallet using this method, MEW will create a password-protected file that you can download. How to Generate a Keystore Wallet File Using MyEtherWalletĪ keystore file is basically an encrypted version of your private key.
In the article, we will look at how to generate and access your wallet using the keystore file method. MEW gives you various options for accessing the Ethereum blockchain. Instead, the blockchain keeps a record of all your transactions and balances.
In fact, your coins and tokens are not kept on any device or folder. Contrary to popular belief, tokens are not ‘stored’ in wallets. MyEtherWallet ( MEW) is a utility used for generating ERC-20 wallets and interacting with the Ethereum blockchain.