MEWwallet | A Crypto Wallet DeFi Web3 | MyEtherWallet (MEW)

A good crypto wallet is what every trader and investor needs. And there are a variety of wallets to choose from. But in the end, you have to select only one wallet, though you can try to explore the other wallets as well if you become a little more professional in crypto trading. Because if you are a beginner then it is recommended that you should not change your crypto wallets frequently. Being a beginner makes it easy for hackers to target your account. And you can easily fall into their phishing scheme.

Therefore, for beginners, we are bringing this guide to give them an abstract on the MEW wallet that is a perfect choice for them.This guide includes wallet download, setup, login, and withdrawal protocols. Also, the common wallet issues are stated in the article. So, let us not waste any more time and start the explanatory guide for all the newbies reading this.

In this segment of the article, we will be explaining the procedure of MEW Wallet installation on your mobile devices. Using the mobile application is a better and safer option in comparison to the wallet extension. It is so because the chances of someone getting access to your laptop or computer are more high than getting access to your mobile device. So, let us start the wallet installation process:

1. Open the given link https://www.mewwallet.com/or just simply open the ‘Google Play Store’ or ‘App Store’ depending upon your mobile device.

2. Then in the search box, type the name of the wallet.

3. From the list of results, select the most authentic one that has the original logo of the wallet.

4. Thenpress ‘Download’.

5. Once, it is installed open the wallet.

And with this, your wallet downloading procedure comes to an end.

To use the wallet for storing your crypto assets and to exercise all the features of the walletyou will have to create a wallet account to do so, just follow our stated steps below:

1. Open the link https://www.myetherwallet.com/

2. Then tap ‘Create Account’.

3. Now, select the option through which you would like to use this wallet. But out of the three options,the safest option is to use the Mew wallet app. So, it is recommended to opt for the first option.

4. Then wait for the application to be downloaded.

5. Now, you will have to tap the ‘Create New Wallet’ option.

6. Create a strong password for the account and re-type it in the next text field to provide the confirmation of the password. But remember that no one else should know your account password and ensure that is strong making it tough to be hacked easily.

7. Next press on ‘Start using MEWconnect’.

8. A recoveryphrase would be revealed on the screen that you have to keep safe.

9. Now, tap the ‘Backup’ button.

You are now ready to use the wallet account.

After the wallet account has been set up completely, you will need to know the wallet login procedure for future cases if you get logged out of your account by mistake for not using the wallet for a long time. The said protocol is explained through the below-stated steps:

1. Open the Mew Wallet Extension or the applicationwhichever is preferred by you.

2. Now press the ‘Login’ button.

3. Enter the account password correctly and review it for any errors. If you find any, rectify it.

4. Then press ‘Continue’.

Soon, the homepage of your account will be opened in front of you.

Assuming that you are using the wallet extension we willexplain how to withdraw money from the wallet account via the following process:

1. Open the extension.

2. Unlock your account with the help of password.

3. Then press the withdraw button given on the screen.

4. From the newly opened screen, you will have to select the name of the currencies you want to withdraw.

5. Enter the withdrawal amount.

6. Review all the choices made so far.

7. If you are satisfied, then press the ‘Confirm’ button.

Now, your withdrawal request is under processing and will be completed in some time.

The traders have faced some issues while operating on the wallet.Most of the issues are common and have been faced by almost every trader even on the other wallets. But if you are new to the crypto world and do not have any idea about the wallet problems then read out this article segment to get the idea.

• Not able to login

As the name suggests, the users might not be able to get logged into their accounts. It might happen because the entered login credentials are incorrect.

• Balance not showing

Sometimes it takes a couple of minutes or hours to update your wallet balance. The delay in balance updating could be because of the high load on the site.

• Application not working

If you have not updated your wallet application, then it might be the reason behind the non–workingof the MEW Wallet application.

This MEW Wallet provides a safe environment for traders and investors to keep their digital assets secure. It has an open source protocol which is enough to pique the interests of investors and traders. You can get regular information on the wallet by keeping a close eye on the knowledge base of the wallet. In that knowledge base, the creators constantly keep posting the latest news related to the wallet. Also, one more thing that you should know is that if you ever stopped using the wallet and forgot the wallet password, then the MEW Wallet Recovery Phrase is the only thing that could help you in importing your wallet back. But if it is lost along with the wallet unlocking password then it will be nearly impossible to get your account back.

How do I access my MEW wallet?

It is simple to access to your wallet account. The protocol will only take a few minutes to complete this procedure.Just click open the official website of the MEW Wallet, then press the ‘Access my Wallet’ button.A QR Code would be shown on the screen. Scan the given code from your device and then you will be able to access your account.

Can I import a MEW wallet to MetaMask?

Yes, you have the option of exporting your MEW account to another wallet platform called MetaMask. To do this, there are a few steps that should be followed. But the most important thing that would be required is the Seed phrase of the wallet account you want to import. Without the access to correct seed phrase, the wallet-importing procedure could not move any further.

How do I recover my mew account?

To recover your wallet account, open the installed application of MEW. Then tap the ‘Restore’ button. Take out the seed phrase of your wallet enter the phrase in the correct order and ensure that there are no spelling mistakes.Then you will be prompted to create a new PIN for the wallet account. After that, you are all done and your MEW Wallet has been recovered successfully.

How do you restore MEW Wallet with seed phrase?

Open the MEW application and press the Restore option. Soon, you will be asked to enter the seed phrase in the correct order without any spelling mistakes. Then create a new wallet PIN for the future unlocking of the account. And with this, your MyEtherWallet (MEW) account has now been restored with the help of the Seed Phrase.