Mycrypto Wallet Review: It Is Safe Or Not ? Read Our Full Review

Mycrypto Wallet Review: It Is Safe Or Not ? Read Our Full Review

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About Mycrypto Wallet

Mycrypto Wallet is an open-source tool that allows you to manage your Ethereum accounts privately and securely. Developed by and for the community since 2015, we’re focused on building awesome products that put the power in people’s hands. From the creators of the established MyEtherWallet, MyCrypto is an open-source, client-side tool for generating Ether Wallets, handling ERC-20 tokens, and interacting with the blockchain more easily.

MyCrypto is not a “web wallet” as users do not create an account or give the developers control of the tokens. All data is created on your computer/your browser, not their servers. It’s not a website where you put your tokens and they store it for you. They just make it easy for you to save your wallet information in your browser/on your computer.

Then they give you a place where you can access that information and do stuff with it. They wallet offers its user features such as Hardware wallet integration, ShapeShift token swap, Coinbase buy widget, Contract interaction, Sign/Verify Message, and Ethereum Name Service (ENS) integration.

Mycrypto Wallet Points Table

BasicPoint
Wallet NameMycrypto Wallet
Available PlatformGoogle Play
Wallet TypeOnline Mobile Wallet
AnonymityHigh
Easy To UseEasy
ValidationCentralized
Buy/Sell FacilityAvailable
FeaturesOpen Source
Pin Code ProtectedYes
Frequency Of UpdateOnce In A Month
PriceFree
Trust Score8/10
Official LinkClick Here

How To Install & Send/Receive Coin

How To Download Wallet

Download Wallet From App Store Of Your Choice . The Wallet Available For Android & IOS Device .

How To Setup Wallet

It Is Very Easy To Setup . Click On Start Button . After Brief Information  You’ll Be Prompted To Create A Custom PIN Code .After That You Will Get Paper Key Fill It And Save This Key On Safe Place . You Are Done .

How To Send Coin From Mycrypto Wallet

Click On Coin Icon Which You Want To Send . Than You Redirect To Transfer Page . Just Fill Receiver Address & Fill Amount Which You Want To Send . And Click On Confirm Button . You Are Done .

How To Receive Coin In Ankerpay Wallet

Click On Coin Icon Which You Want To Receive , Than Click On Receive Button , You Will See Your Coin Address Copy It And Share With Payer That It

Managing and storing your assets has never been easier.

The MyCrypto apps give you control of your crypto.

Manage Your Accounts

The allows you to import and manage all of the Ethereum accounts that you have control of.

View All Your Transactions

One combined view for all of the transaction histories across all of your accounts.

Keep It Safe

Check your transaction recipient against 50M+ labeled Ethereum accounts to be sure you’re sending to the right place.

Get the Original MyCrypto Desktop App

A fan favorite since 2018, the MyCrypto Wallet Desktop App continues to provide an additional layer of security for your Ethereum assets. 

With Banks

They control your account. They own your info. They add fees. They tell you what you can do.

With MyCrypto

You control your account. You own your info .No fees are added ,You do whatever you want.

Finally Enjoy Peace of Mind

The puts your safety & security first.

  1. Get your information out of other people’s hands and back into yours.
  2. Protect yourself from phishing attacks and malicious extensions.
  3. Open-source and fully verifiable.

MyCrypto Wallet Supported Coins

MyCrypto wallet is an Ethereum based wallet. However, it also supports ERC20 coins. To find out where you can obtain the cryptos supported by the The Wallet in the first place, go to The Cryptocurrency Exchange List and use the filters to find the right exchange for you.

Is MyCrypto Wallet Safe?

Security

Security is with high priority in the crypto sphere. The team is well aware of that and gives you heads up when first time accessing the site. You will see a 10-step mini-lecture on the security and safety of holding your private keys, using the site, and the fact that they are not a bank.

Where to buy MyCrypto Wallet

MyCrypto Wallet is free to use. However, you can download the desktop app via download.mycrypto.com. There are versions available for macOS, Windows, Linux, 32-bit64-bit and Stand Alone. You can integrate your Trezor and Ledger wallet to MyCrypto as well.

Conclusion

The wallet has great similarities with MyEtherwallet and it is considered MEW’s biggest competitor. If you intend to use an Ethereum wallet on your desktop, This is greatly safer than MEW as it does not require you to use the wallet on a web browser, which is far riskier.