{"id":369,"date":"2018-04-23T21:27:18","date_gmt":"2018-04-23T21:27:18","guid":{"rendered":"https:\/\/2miners.com\/blog\/?p=369"},"modified":"2018-11-12T17:22:22","modified_gmt":"2018-11-12T17:22:22","slug":"wallets-how-to-store-ethereum-and-other-altcoins","status":"publish","type":"post","link":"https:\/\/2miners.com\/blog\/wallets-how-to-store-ethereum-and-other-altcoins\/","title":{"rendered":"Wallets: How to Store Ethereum and Other Altcoins"},"content":{"rendered":"

Let\u2019s review wallets for altcoins, starting with Ethereum.<\/p>\n

Official Ethereum Wallet<\/h2>\n

You can download it from the official website<\/a> or via github<\/a>.<\/p>\n

It\u2019s a thick client \u2014 as of today, it takes up 27.5 GB of free hard drive space. And we have to admit that its performance is terrible. Here are some facts over the last month:<\/p>\n

    \n
  1. We failed to download the whole blockchain on the computer with HDD. We made 5 attempts (each of them lasted more than 1 day).<\/li>\n
  2. On two computers out of three, the wallet overloads the system to the extent that it becomes impossible to work on them.<\/li>\n
  3. After 2 hours of being offline, it could take the wallet 20 minutes to synchronize the latest blocks \u2014 Bitcoin Core<\/a> would complete the same task within a few seconds.<\/li>\n
  4. The computer got stuck once with the wallet launched. After reboot, the wallet wouldn\u2019t open. We managed to resolve the issue by deleting and re-downloading blockchain.<\/li>\n
  5. Insane system load in comparison with Bitcoin Core:<\/li>\n<\/ol>\n

    \"\"<\/p>\n

    Let\u2019s look at the bright side:<\/p>\n

      \n
    1. The number of wallets is unlimited.<\/li>\n
    2. Wallets are stored in the form of files protected by passwords that you choose when you set up wallets. Without a password, nobody can do anything to your wallet.<\/li>\n
    3. A special avatar is generated for every wallet \u2014 it helps to check every time whether the destination address is correct or not.\"\"<\/li>\n
    4. You can monitor token balance and send tokens to other addresses.<\/li>\n<\/ol>\n

      MyEtherWallet<\/h2>\n

      https:\/\/www.myetherwallet.com\/<\/a> is an online wallet that you can connect to its node server or any other server you want.<\/p>\n

      Beware of fishing imitations of MyEtherWallet!<\/strong><\/p>\n

      MyEtherWallet (MEW) is probably the most popular wallet. It is very convenient, and it doesn\u2019t store your keys. Every time you use MEW, you upload the wallet file and enter the password.<\/p>\n

      \"\"<\/p>\n

      MEW supports hardware wallets and recommends using them for private keys storage.<\/p>\n

      Conclusion. If you are not paranoid and pay attention to the addresses you type in the browser, then MEW with either a hardware wallet or an encrypted USB flash drive with the wallet file is for you. Otherwise, choose the original wallet \u2014 but keep in mind, that you may need up to several hours before everything is set and you can start working.<\/strong><\/p>\n

      MyEtherWallet can also be used for managing wallets of other Ethash currencies: ETC, EXP, UBQ (as well as many others \u2013 you will need to know the node address and be able to direct the service to it).<\/p>\n

      CoolWallet S<\/h2>\n

      \"\"<\/p>\n

      CoolWallet S<\/span><\/a> is a revolutionary Ethereum hardware wallet, it\u2019s sleek and the size of a credit card, and has many unique features, including:<\/span><\/p>\n