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📜 MyEtherWallet review: security, features and score

72/100SCORE · BMixed recordSelf custody, seed phrase Grade B, very good

Advanced Ethereum operations and access with a hardware wallet.

The facts

DEVELOPER
MyEtherWallet
LAUNCHED
2015
TYPE
Web and mobile
CUSTODY MODEL
Self custody, seed phrase
KEY MODEL
Seed phrase, keystore file, or hardware. Historically a keystore file, which caused many losses.
CHAINS
Ethereum and EVM chains
PLATFORMS
Web, iOS, Android
OPEN SOURCE
Full
AUDITS
Open source since 2015
HARDWARE SUPPORT
Ledger, Trezor, Keystone
SWAP COST
Routing fee.

What it can do

Dapp browser
Staking
NFTs
Built in swap
Bridging
Buy with card
Testnets

How the score breaks down

security19/30
chains15/20
usability13/20
features15/20
transparency10/10

Each dimension is explained on the methodology page.

Where it is strong and where it is not

✓ Strengths
  • Open source since 2015
  • Excellent hardware wallet support
  • Advanced tools most wallets lack
  • No installation required
✗ Weaknesses
  • Browser based, which is a larger attack surface
  • Endless phishing clones over the years
  • A keystore file is easier to lose than a seed phrase

Incident history

2018

A DNS hijack redirected MyEtherWallet users to a malicious clone for around two hours, and roughly 150,000 dollars was stolen. The attack was on infrastructure outside MyEtherWallet, but users lost money either way.

Type the address yourself and bookmark it. Search ads impersonating MyEtherWallet have stolen a lot of money over the years.

Reputation and reviews

A reputation score out of 100, kept separate from the feature score above. It reflects what users actually report over time rather than a star rating scraped on one day.

REPUTATION
64/100
Mixed record

One of the oldest names in Ethereum and a genuinely important one historically. Its reputation carries the scars of years of phishing clones, which cost users a great deal, and a browser based wallet remains a larger attack surface than an extension.

Check current reviews yourself

Star ratings change constantly, so we link to the sources rather than printing a number that is out of date the day after it is written.

App StoreGoogle PlayTrustpilotReddit r/CryptoCurrencySource code and issues

If something goes wrong

COMMON FIXES
RISK WARNING Crypto assets are highly volatile and largely unregulated. You can lose everything you put in. Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.
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