You will have another chance to print a paper wallet. Once your wallet is unlocked, scroll down to see your wallet information. You can do this using either your private key or a combination of the keystore file + password. Once you’ve saved your private key/printed your paper wallet, you will be prompted to unlock your wallet. Just make sure you get it exactly right – they are case sensitive! If you really wanted you could write these out yourself with a pen. When you generate yours, the private key will be visible.Ī paper wallet is basically just a fancy way of presenting your public and private keys. This is a good way to store your ethereum wallet details offline.Ī paper wallet looks something like this: You can also choose the option to ‘Print Paper Wallet’. If you save this then you technically don’t really need the keystore file anymore. Next, you will be shown your unencrypted private key. You have to download this file before you can continue.
#REDDIT ETHEREUM WALLET PASSWORD#
However, the latter is encrypted using the password you entered previously. It contains your public key and your private key. Next, you will be prompted to download your keystore file. This password is used to decrypt the Keystore/UTC/JSON file that contains your private key. THIS IS WHERE YOU DISCONNECT FROM THE INTERNET.Įnter a password as prompted and write it down somewhere.
This means you can download the site and use it offline to generate wallets and even make transactions.įirst, download the latest version of MyEtherWallet from here. (MEW) is a web-based interface for generating ethereum wallets and interacting with the ethereum blockchain. This is by far the easiest way to generate an offline ethereum wallet. Generate an offline Ethereum wallet via MyEtherWallet Generating an ethereum wallet offline is a bit more complicated but if you’re storing thousands of dollars worth of tokens it’s probably worthwhile. If you generate your wallet on an offline, air-gapped computer, then these kinds of attacks aren’t possible. A more likely scenario is a phishing attack – a website that looks just like MEW that tricks you into handing over your private key. MEW is pretty much as safe as you can get when it comes to an online ethereum interface but since the information you provide goes through their servers, it’s theoretically possible they could access your wallet. Write it down on a piece of paper or store it on a USB stick.Īnother potential security risk comes from using websites like MEW to generate your wallet. It’s never a good idea to store your private key on a computer that’s connected to the internet. txt file, say, a hacker with remote access could gain access to your wallet.
#REDDIT ETHEREUM WALLET PC#
If your PC is infected with malware and you store your private key in a. People are paranoid someone might steal their wallet’s private key and with it their ether and tokens. This means it is possible to generate an ethereum wallet offline. If you originally generated your wallet using MEW you could use that same public and private key to send and receive tokens via another website or client. MyEtherWallet (MEW) is just one of many ways to interact with the ethereum blockchain. I often see people saying things like “I store my tokens on MEW” – but this doesn’t really make sense. But only someone with the private key can access these tokens or transfer them. It essentially consists of two parts: a public key and a private key.Īnyone can send tokens to the public key.
The best way to think of it is as a way of accessing information. It’s not stored on any single server or location. What is an ethereum wallet?Īn ethereum wallet is where you store your ether and ERC20 tokens.
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