Topic: What will happen if a site like MyEtherWallet close? (Read 420 times)
If myethwallet close, you can make private key. You also can not doing transactions because if sold many coins you will need wallet
So, how does one retrieve it if their online interface goes down.
Just so you know, MyEtherWallet is an offline wallet with some online functionalities. Which means your coins and all your tokens will be safe even if MEW close down.
For me, It will cause a huge uproar! cause even me is using myetherwallet.
If it will be close! all of my tokens and my eth is there.
I will be mad if it will be close.
Also for the other users who use it
If it will be close! all of my tokens and my eth is there.
I will be mad if it will be close.
Also for the other users who use it
Just so you know, MyEtherWallet is an offline wallet with some online functionalities. Which means your coins and all your tokens will be safe even if MEW close down.
Maybe it's a stupid question but... if a wallet like MyEtherWallet decides to close... what will happen to my wallet that I have in MEW?
I can have access in another way?
I can have access in another way?
This actually is a "stupid question" ( no offense)
.When you make an account in myether , they ask whether you want to print a paper wallet .
What does that mean ? That is actually their assurance that whatever happens to the website , it is not going to halt your stored eth in the wallet . All the paper wallets work on the same approach . The currency is never lost . Paper wallet is a " physical document" with all your information and proofs of the index of your wallet .
MyEtherWallet This is an online wallet. You can install on your PC stationary the wallet, and get access to the file.
For me, It will cause a huge uproar! cause even me is using myetherwallet.
If it will be close! all of my tokens and my eth is there.
I will be mad if it will be close.
Also for the other users who use it
If it will be close! all of my tokens and my eth is there.
I will be mad if it will be close.
Also for the other users who use it
Just so you know, MyEtherWallet is an offline wallet with some online functionalities. Which means your coins and all your tokens will be safe even if MEW close down.
For me, It will cause a huge uproar! cause even me is using myetherwallet.
If it will be close! all of my tokens and my eth is there.
I will be mad if it will be close.
Also for the other users who use it
If it will be close! all of my tokens and my eth is there.
I will be mad if it will be close.
Also for the other users who use it
If you have your private keys, you have your coins/funds.
Myetherwallet is most famous ether wallet but you can use any ethereum wallet, i am sure that there are a lot of them.
Myetherwallet is most famous ether wallet but you can use any ethereum wallet, i am sure that there are a lot of them.
Worst case scenario would be if the page ever got owned and someone hijacked it with a little javascript keylogger. Only then would you see a whole world of pain in the crypto sphere.
That is the issue so it is always better to download this website and run offline, that may really happen and it would be very painful. I am going to download the website now
That would be a huge loss in the cryptocurrency industry because a there are a lot of users in bitcoin that uses MyEtherWallet and it is providing a great job for keeping alternate coins. If this happens, i guess there might be a better company that will run like MyEtherWallet so they might have a few precautions before closing but they should not close because it is very helpful for now.
What would happend if a more profitable coin that bitcoin comes out to be mined?
That wont happen,and your wallet is safe if you have the private keys so dont worry.
when that happens then all the results so far will disappear, but I think that incident will not happen because there are still many users in myetherwallet.
We just don't know if when it will happen that myetherwallet will close and I think that this will never gonna be happened anyway because this is a stable network now and more people are using this especially smart contracts of the ICOs.
thats the cool thing about blockchain! its not saved on an account on myetherwallet servers, but on the blockchain! as long as you have your private key and adress boom u cannot lose it. so before theyre able to scan your thoughts, the best way to secure ur coins is to have the wallet in your brain, memorize the key etc
its not saved on an account on myetherwallet servers, but on the blockchain! as long as you have your private key and adress boom u cannot lose it. so before theyre able to scan your thoughts, the best way to secure ur coins is to have the wallet in your brain, memorize the key etc
Your coins are stored on blockchain not on the website, so if it closes you can access your wallet anywhere else if you have your private key
Only wallets you should be using where you don't have the private key is exchanges and then only temporarily whilst you buy or sell whatever you need to then get it back into your own wallet. E.g. bittrex
Print out a paper wallet for safe keeping in case you cannot access your account, your coins should be safe this way..
Thanks everyone for quick but exaustive answers!
So is always preferable to choose wallets that I can have the privatekey, isn't it?
So is always preferable to choose wallets that I can have the privatekey, isn't it?
With my etherwallet you are in control of your keys so nothing.
Maybe it's a stupid question but... if a wallet like MyEtherWallet decides to close... what will happen to my wallet that I have in MEW?
I can have access in another way?
My thought that you can try to still use your privatekey from my etherwallet. At least you can still use it and try to sync it into the decentralized market just like etherdelta and you can still make any transaction with all of your amount. That's the alternative scenario in my opinion. At the same time etherdelta give a guarantee about your amount. I can have access in another way?
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