MyEtherWallet or MyCrypto, Which One Should You Use?

The two founders of MyEtherWallet split. One still runs MyEtherWallet. The other now runs MyCrypto. Which one should you use?

By now you know that MyCrypto has launched. This means the team that developed MyEtherWallet and MyCrypto have split.

The team led by Kosala develops, maintains and supports MyEtherWallet. Here’s Kosala statement on the split.

The team led by Taylor develops, maintains and supports MyCrypto. Here’s Taylor’s statement on the split.

As a MyEtherWallet user, you might be wondering what to do next.

Here are your options -

NOTE: REGARDLESS OF WHICH WALLET YOU USE, IT’S CRITICAL TO ONLY USE THE OFFICIAL SITES. YOU’LL GET PHISHED AND YOUR ASSETS STOLEN IF YOU DON’T!

Option 1 — Continue Using MyEtherWallet

You could keep doing what you’re doing and continue using MyEtherWallet.

MyEtherWallet is now developed, run and supported by a team led by Khosala. MyEtherWallet is no longer supported by Taylor and her team.

This means the team that supported you before MyCrypto launched won’t be supporting you any longer, if you continue using MyEtherWallet. You’ll need to use MyCrypto to get support from Taylor and her team.

Option 2 — Start Using MyCrypto

You could switch to MyCrypto. MyCrypto works the same way MyEtherWallet works. The same wallets and keys you used on MyEtherWallet will work on MyCrypto.

There’s no need to create new wallets on MyCrypto. Transferring assets from wallets you used on MyEtherWallet to new wallets on MyCrypto is unnecessary. You can use the same wallet addresses and keys you used to use on MyEtherWallet on MyCrypto.

The team led by Taylor, who used to support you on MyEtherWallet before MyCrypto launched, will now support you on MyCrypto.

Option 3 — Use Both

You can use the same wallet on MyEtherWallet and MyCrypto. This means you can use both, if you’d like to do that. This approach let’s you compare the two.

At the same time, it also doubles your risk and dependencies, since you have to keep an eye on both. If you’re undecided and don’t mind keeping tabs on how both develop, this may be a beneficial option for you.

Option 4 — Use a Different Wallet

There are many other wallets you can use too. Listing and evaluating them is outside the scope of this post.

The Future

MyCrypto and MyEtherWallet development, maintenance and support are independent of each other now. They’ll evolve as two separate entities.

The MyEtherWallet Github repository is here.

The MyCrypto Github repository is here.

So keep a close eye on your wallet choice. Choose the wallet that works for you and team you believe in.