The use of blockchain-based finance is definitely different from the style of using traditional banking. First of all, in the context of security, much more depends on the user himself. It is only after you have properly secured your funds and transferring methods that you can think about using cryptocurrencies daily or investing. Investing in Ethereum is closely connected with holding and maintaining ETH wallet. If we think about security and privacy, we do not have much choice. Technical portfolios such as gEth and Mist require huge, 200 GB download of a ledger, while simple wallets such as Exodus or Jaxx maintain only one (!) ETH address, which practically deprives us of privacy. How to store Ethereum and keep flexibility?
How to get Ethereum address?
Ethereum address can be set up on MyEtherWallet website. It is a fully functional wallet, but it is worth mentioning, that it is owner who is responsible for the security of the private key.
Ethereum address. Get Ethereum wallet in easy steps
Get Ethereum address in three easy steps:
- Visit MyEtherWallet website. Secure your new address with a password that will be used to access your account via a web browser on the MyEtherWallet website. Enter the password in the field where it says
Do NOT forget to save this!
- Download the file that stores the key, by clicking the button:
Download Keystore Key (UTC / JSON). Remember not to open downloaded file! The file will be used to open your wallet on MyEtherWallet website or in Mist, Geth software wallets or the Ledger Nano S hardware wallet. You will be asked to upload this file when you open the wallet.
- Print the public key and private key on a paper wallet only if you are able to safely store it. If not, save the public key only, it will be used to make the transaction. You could access your portfolio with the Keystore file and password, among other options.
Thanks to this method, you will instantly get the Ethereum address. For increased security, it can be transferred to Ethereum’s secure hardware portfolio or Ethereum wallet in your browser. You can also start using smart contracts or sending tokens.