Storing and Managing ERC-20 Tokens with MyEtherWallet

Setting up an offline wallet is a great way to securely store your Ethereum and other crypto assets. An offline wallet is also known as a cold storage wallet, meaning that the private keys are stored in a secure environment that is not connected to the internet. In this article, we will be going through the steps on how to create an offline wallet with myetherwallet. This process is simple and straightforward but requires attention to detail. Let’s dive in!

Set Up Your Offline Computer

The first thing you need to do when setting up an offline wallet with MyEtherWallet is to set up your offline computer. This means that you will need a clean computer or laptop that has not been used before, and it should be disconnected from the internet. Make sure that all of the programs on your computer are updated and secured before proceeding further. It is also important to note that any device you use for this process should be kept away from any other devices connected to the internet.

Download MEW Connect App

Once you have your offline computer ready, you can now download the MEW Connect app from the official website of MyEtherWallet (MEW). The app will enable you to connect your mobile device (such as a smartphone or tablet) to your offline computer in order to create an offline wallet using MyEtherWallet. Once you have downloaded and installed the MEW Connect app, proceed to step 3 below.

Generate Your Private Key & Create Your Offline Wallet

Now that your mobile device is connected with your offline computer via MEW Connect, open up MyEtherWallet on both devices and follow these steps: On your mobile device, go into “Settings” and select “Generate New Private Key”; enter a strong password of at least 8 characters; generate and save down the key; disconnect both devices; open up MyEtherWallet on your offline computer; enter in all of the details including your private key, public address, etc.; click “Create New Wallet”; confirm everything once again; click “Create New Wallet” again; finally print out or save down all of the information for future access purposes. Congratulations – you have now successfully created an encrypted secure wallet for storing Ethereum! 

Creating an Offline Wallet with MyEtherWallet isn’t as complicated as it might seem upon first glance! All it takes is some preparation up front by setting up a clean laptop or PC without connecting it online followed by downloading MEW Connect App onto another device such as a smart phone or tablet in order to connect them together via Bluetooth and then following thru each step outlined above until completion – printing out or saving down all generated information for future access purposes along the way! With this guide in hand anyone can become part of this digital currency revolution – so don’t wait – get started today! Securely storing cryptocurrency has never been easier than creating an Offline Wallet with MyEtherWallet.