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MEWconnect mobile wallet – October 2020 review

Introducing the mobile “hardware wallet” from the team behind MyEtherWallet.

Updated

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MyEtherWallet is a free, open-source tool for creating wallets to store and manage Ethereum (ETH) and ERC20 tokens. In September 2018, the MyEtherWallet team released MEWconnect, an official companion app for MyEtherWallet that lets you conveniently secure and manage your crypto tokens from your smartphone.

Built with a focus on security, MEWconnect offers a host of features to help safeguard your funds from hackers and thieves. Keep reading for a full review of MEWconnect, how it works and its pros and cons.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is MEWconnect?

Billed as “a ‘hardware wallet’ without all the hardware”, MEWconnect is a free companion app for MyEtherWallet. The app is designed to allow you to interact with the Ethereum blockchain directly from your smartphone, providing a convenient and easy way to send, receive and store Ethereum-based tokens.

MEWconnect also allows you to access your wallet without typing your private key – you scan a QR code instead – and it stores your crypto private keys in a local, isolated and secure vault on your device.

Compatible with:

Apple: iOS 10.0 or later (for iPhone 5 and above)
Android: N/A (beta version expected to be released September 2018)

Essentially, MEWconnect’s main selling point is that it offers much of the same functionality and security features as a hardware wallet, but without the need to go out and spend $100 or more to actually purchase one.

Pros and cons

Pros

  • Built and maintained by the MyEtherWallet team
  • Store and manage ETH and all ERC20 tokens
  • Free to download
  • Wide range of security features to safeguard your funds
  • You control your private key

Cons

  • Not yet available for Android devices
  • Other wallets may be slightly more user-friendly for beginners
  • You’ll need to look elsewhere if you need to store non-Ethereum-based tokens

How much does it cost?

MEWconnect is free, open-source software that can be downloaded from Apple’s App Store. It will also soon be available from Google Play.

Please note that while you will be charged transaction fees when you send tokens from the wallet, those fees go to the miners working on the Ethereum blockchain and not to MyEtherWallet.

Which cryptocurrencies can it hold?

MEW connect allows you to store:

  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • All ERC20 tokens

How do I set up a MEWconnect wallet?

How do I make payments with MEWconnect?

You can transfer tokens from your MEWconnect wallet by completing the following steps:

  1. Open the MEWconnect app and unlock your wallet.
  2. On your desktop computer, head to the MyEtherWallet site and click the “Send Ether & Tokens” tab.
  3. Select “MEWConnect” as the method of access.
  4. In the MEWconnect app, click “Scan to Connect” and then scan the QR code.
  5. Provide the details of your transaction. This includes filling out the “To Address”, “Amount to Send”, and “Gas Limit” fields.
  6. Confirm your transaction.
  7. You’ll be provided with a transaction ID so you can monitor the status of your payment.

How secure is MEWconnect?

MyEtherWallet is a popular wallet interface that was first released back in July 2015, so it certainly has some “runs on the board” in terms of the level of community trust it has acquired. The MEWconnect app also includes several features designed to ensure the security of your funds, including:

  • Client-side encryption. Your private key is encrypted and stored in isolation on your smartphone. This means you don’t have to worry about your private key being exposed to any web browser.
  • 2-way transaction verification. 2-factor authentication ensures that you can double-check the amount you are sending, and where you’re sending it, before you sign a transaction.
  • Backup facility. By backing up your phone using the seed words provided, you can prevent unauthorised access to your funds and recover your wallet if you happen to lose your phone.
  • Open-source software. MEWconnect is open source, so all of the code that runs MEWconnect and MyEtherWallet can be viewed and audited.

Where can I get MEWconnect?

MEWconnect is free to download from Apple’s App Store. Simply download and install the app to your device and follow the setup instructions above to get started.

A beta version of MEWconnect for Android is expected to be released in September 2018 but will initially only be available through the Hockey app.

Next steps

Compare MEWconnect and the MyEtherWallet interface with a range of other crypto wallets and the features they offer. If you decide that MEWconnect is the right choice for you, download the app from your smartphone’s app store to get started.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Disclosure: At the time of writing the author holds ADA, ICX, IOTA, POWR and XLM.

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