How to Create Ethereum Wallet MyEtherWallet

Good day, you are welcome to this tutorial on how to create an Ethereum wallet. And the Ethereum wallet we'll be working with today is my Ether wallet. But before we go into that, I would just want us to check on this site. This site is known as CoinMarketCap. It is a very important site for crypto enthusiasts. So on this site, you would be able to see that Ethereum is the second most capitalized project after Bitcoin. So it's a very important project that if one is looking at investing into the cryptocurrency market, it's a very good project to consider for investment. So we want to create my Ethereum wallet. That's my Ether wallet. Dot com. So we must ensure that every single of the spelling is correct. That's myetherwallet.com with this lock symbol showing that the site is secured. We should ensure that the site we are visiting is secured so that we will not fall victim of, um, phishing sites. So we are on the site now, and then what we intend to do is to create a new wallet. So we just scroll down briefly, and, um, here we have it, create a new wallet. So we click on this And then we go through the tutorial. So what is MyEtherWallet? So it's a free open-source client-side interface. So it allows you to interact directly with the blockchain because you have access to your own private key. Whatever you intend to do with it, you can do at any time. So where are your funds? So stored. So your coins or your tokens are not on MyEtherWallet, they are on the blockchain itself. So one must not lose access to the wallet because MyEtherWallet cannot help if one does that. They do not have control over our funds. We do. This is it here. You do. You have control over your own access. So why should you pay attention to security? What if you lose any of this information? You cannot have access to them. You must just be very careful in keeping those information. They are just as important as your PIN to your credit card. So the same way you protect your PIN to your credit card is the same way you should protect your key and your password to your Ethereum wallet. So we are done with the tutorial. Get a new wallet. So you have 3 options: either to create with, um, your mobile app, either through the App Store or the Google Play Store. So if you are on your phone, and depending on the operating system of your phone, you can create this for iOS users and then these for Android users. But because we are not focusing on phone on this session, so we'll be looking at any of these 2 So for us to be able to also consider the other side, I need to duplicate this site now so that we'll be on the same page, and that will take us back to how to do it on the other hand. So we have both sides. So we'll be starting with by keystore file, by keystore file. So I select by keystore file. So this one will require me to input a password. So So I already have my 9-character password, which must be known only to myself. No other person should have access to your password. So I have my password, I insert my password, and what is showing to me now is that my password is strong, which is great. So I do that. You can see the warning here once again, do not forget to save your password. you will need it. Password plus keystore file to unlock your wallet. So they are very essential. You must not lose them. We need to keep them safely. So next we have my keystore, save my keystore file. So why should we save it? Because we must not lose it. We must not share it, and we must make a backup for the keystore file. So we go to the next one, we download the keystore file. So the keystore file is being downloaded now. So I just go to my downloads and then I save it. Yeah, so the download is completed. I can access my wallet now. So access my wallet. Because I used keystore file, I click on this, mark this, then scroll down to continue. Now go to download and pick the keystore file, which is this, and then open. So it asks me for my password. I input my password and I access my wallet. This is my wallet. So this is my address, the address of the wallet I was just able to make. Okay, so the last time we were able to create with the keystore file. So this time around, we'll be looking at how to create with the mnemonic phrase. So we've selected that, we scroll down. So we are given the phrase that we need to copy out. We must copy out this phrase because we will be required to produce this phrase anytime we plan to log in to our wallet. So it's very important we put that down. So I'm actually doing that right away so I'll be able to use it to access my wallet. Okay, let me see if I've been able to complete everything. So still trying to capture my wallet, my phrase, because without it I won't have access to my wallet. Yes, finally I've, um, captured the phrase. So the next thing is for me to Move on. I wrote down my phrase, so I need to pick them and fit in the numbers. So amused, kick, rapid. The next one is at. Fifth one is sick. That's the importance of keeping The phrase, you must keep it safe. Bridge Park Shrimp price. Okay, I think I'm done now. So verify. Success. Then unlock wallet. Okay, so I can access my wallet now with the phrase. So let's also log in to confirm that. Continue. Then I put in those 12 phrases I used. Kik. So if I wasn't able to copy it the other time, I would not be able to access my wallet for life, and any assets saved in such wallet is lost forever. And I don't want to do that. So that's why it's important for us to keep our phrase safe and secured if we are using this Method seek bridge pack shrimp price acoustic misery And finally, Humble. Scroll down briefly and continue. Yeah, so this is my wallet, Rare, and there to have access to my wallet with this also. But if we are to choose out of these 2 I will suggest we should go with the Keystore. The Keystore is better compared with this, but the best option is we using our apps, this App Store, or from the Google Play Store. The one on our phone is still the best, followed by this, and then finally this. So thank you very much for watching this session.