Create an Ethereum Wallet Using MyCrypto Wallet

MyCrypto should look very familiar if you have used MyEtherWallet before.  It was founded by one of the original creators of MyEtherWallet, so it makes sense to have similarities with MEW.  This guide will show you how to create an Ethereum wallet using MyCrypto. 

 

There has been a lot of controversy around the split up of the founders of MyEtherWallet, so use whichever you prefer.  Since these services are just interfaces, you can create a wallet on one and still use the other platform.  Both will probably be around for a very long time, so it’s all about preference.

 

If you are interested in a non-Ethereum wallet, check out the NEO or Ark guides.  Both provide methods of staking that can help you earn passive income! 

 

Setting up a MyCrypto Wallet

1. Go to the MyCrypto website

2. Enter in a strong password and click the “Create New Wallet” button.  Don’t skimp on this step, there is no recourse if your crypto is stolen!

MyCrypto screen to enter a password when creating an Ethereum wallet

 

3. Click the “Download Keystore File (UTC / JSON)” button and save somewhere safe.  Some people keep this on a flash drive for extra security, just don’t lose it!  Then read the warning and click the “I understand. Continue” button.

MyCrypto screen with option to download your keystore file

 

4. Save your private key, print a paper wallet if you want, and then click “Save Your Address.” .  The bottom screenshot is of the paper wallet print out.

MyCrypto screen showing your private key to the Ethereum wallet

Example of Paper Wallet Print Out

That’s it for creating an Ethereum wallet using MyCrypto.  The next step is to open the wallet, so check out the other guide on how to do that!  Check out the wallet and exchange pages for more crypto related guides!

If you need help tracking your cryptocurrency portfolio, check out the CoinTracking review!

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