Topic: Easiest Ethereum Wallet To Use? - page 8. (Read 16950 times)

Basically the keystore is a 'safer' way to use your private key, since any thief would require both your keystore file and your password, instead of just your private key - so you're more protected against key logging or copy/paste hijacking and similar threats. You could just use the private key if that's what you prefer, it will have exactly the same end effect. If you are using this wallet frequently on an always online PC, then more security is always advisable. On the other hand if you are using it infrequently on a mostly offline PC, you may be comfortable just using the private key.

I use my ether wallet it easy to use and very safe because you know only the the private key to open your account and no one can open it because you only know the key. I also use coinbase this wallet also easy to use and you see the price of ethereum in this wallet because they have live graph. Dont keep your ethereum in exchanges its not safe.

Mine is also myetherwallet. So easy to use and very convenient. I suggest you also use it, it won't take you three days to download. And make sure you saved your private key. You will always need that.

I already downloaded it.  I have logged into it with the keystore file and my private key.


But i have questions about it so i asked those questions.


Such as... as long as you have the private key, that is enough right?

hey there.  Well i want to use myetherwallet as i got it now.  But im not sure exactly of everything as thats why i have questions on this.  S

Also want to ask another question in addition to the earlier ones above.  How much in fees does it cost to send ETH?  I see there is a gas limit so i assume thats what it is?

With electrum and btc, it costs to send btc unless you change it to no transaction fees but you dont know how long it would take for transaction to go through.  So if you were to send $100 in ETH, what are the default fees?  What about $1000?  What about $5000 etc?

Thanks all.

Okay i found the UTC keystore file.  This file has to be a notepad file correct?  Thus i changed it to notepad file and that seems to work.  Also where do you guys keep the keystore file?  Thus when i click on log into your myetherwallet, when you click on it, is it on your downloads page, your desktop page?  Which one? 


Another thing i want to ask is ... so basically you have to log in every single time assuming you click on different tabs?  Example i click on view on view wallet info and then put in my information.  Then when i click on send/receive ETH, i have to log in again?  So basically when you are logged into your ETH wallet, there is no option that allows you to log off or sign out?  Basically you click on view account information or click on anything else, then it logs out automatically?  That seems a bit strange.

Hey all.  I downloaded the myetherwallet.  However im having a few issues and would like if someone can answer my questions.


1.  It asks for me to put a password.  What is the point of this password?


2.  It ask me to download this keystore file.  I did this.  Then i clicked continue.  However, i cannot find this file on my laptop.  Where is this?  Any file i download should always to go my downloads folder on my windows computer.  Can someone tell me where it is?


3.  I went on the part where it says

Send Ether & Tokens


And it asks how i would like to access my wallet

Keystore File
Private Key
Mnemonic Phrase
Ledger Nano S
Trezor


I clicked on keystore file.  Then it ask to select your wallet file.  I do not see this file.  Where is it located at?  The thing was after i had downloaded the keystore file... before i clicked I agree... i tried to open the file with adobe but it says error can't open it with adobe.  But not sure where the file is right now.


4.  I then clicked on private key instead.  I then copied and pasted the private key and when i did this, it seemed to go to my wallet.  So basically assuming you don't have a ledger nano s or trezor, then its basically keystore file or private key right?  Which one of these 2 do most people use?  The thing is i don't have a problem with just copy and pasting my private key to it and accessing it this way.  But i assume keystore file is what most ppl do?


5.  I read you should backup the keystore file in many places.  How many places should you back it up besides your laptop?  The thing that confuses me is if someone has your keystore file, then that means they have access to all your wallet?  So if you put it on your external hard drive and say icloud... if someone has access to it, they have access to your wallet?  But could you encrypt that file so if anyone were to access your computer, they can't open it without a password etc?  In general im guessing you should have this copy on your laptop... a backup on an external hard drive and a backup online in case something happens to your computer/hard drive etc?  It also ask if i wanted to print the wallet.  I do not have a printer.  So if i did not print it earlier, i cannot print it later on?  How important is this printed wallet?  Im confused what is the point of this.


6.  If you just had your private key that was given to you... the long password that is generated and copied it... wouldn't that be all that is needed?  For example if you put that in your keepass and that is all that is needed?  Thus you dont even need that keystore file?  Say you backup on your password on keepass and did this in few places, well does that mean your fine?  Or you always need that keystore file?  What confuses me is it says if you lose your keystore file, you lose your wallet.  But that doesn't make sense since i just logged into my wallet with my private key?


7.  Related to the 1st question.  But what is the point of that password i created in the beginning?  Is that in case i dont have my keystore file?  Im really confused what that is.


8.  What other security things should one do with this wallet?  Also is there a feature like Electrum with bitcoin where before you send ETH... you have to put a password first before you could send the bitcoin?


Thanks all.

Thank you for your advice! I have tried the ImToken, it is really a powerful wallet, easy to use and safe to keep my ETH and other altcoin currency.

I use online wallet to store my ethereum. Myetherwallet and coinbase . There is advantages and disadvantage using it. making online ethereum wallet is very easy to do and easy to use. But we must not fully put trust to online wallet ( third party)  because it potentially scam you.

myetherwallet is really the best, it is infect one of the most easiest wallet to be use. it is no doubt the best to be use for keeping token, i personally will prefer it.

I see a lot of people voting for MEW and not many mentions of Parity. Are there any real pros/cons between the two or does it just come down to what people are used to using? I'm currently using Parity and I'm fine with it (love the interface, lots of nice features as well, also a Chrome extension to function like MetaMask).

Everyone is for MEW here and I sort of agree with them. This is where I store some of my eth now, since ethereum-wallet was hacked. MEW is quite easy to use but it is also highly tied with anonymity, so in case you lose your privete key and a few more things - say bye-bye to your money. But that is very good as well, for it makes your money save.

MEW (MyEtherWallet.com) would be the easiest I think and you could also use it to keep your tokens,
And I think waves would also be fine .

same here, it's the easiest to use.

Yes I also use myetherwallet to store Ethereum or Altcoin others, myeherwallet can be used to store altcoin in the number of types of coins that many

I use myetherwallet,this is my only wallet store etherum and token.

Well the jaxx.io is best choice to stores ethereum, it is easy to be used and many altcoins that be supported by jaxx.io
it is complete wallet to stores ethereum, bitcoins and another altcoins, i have used it since the jaxx supported for
ethereum classic on their service, that was nice never found issue used it.

I would like to recommend the APP named ImToken. You can download this app from the website https://token.im/
The reasons are:
1) On your mobile phone, you can use it without your computer;
2) You can manage it by backup of your keystore; 
3) You can participate in some ICO project like incoming Bancor.