How Is My Ether Wallet Private Key Generated

2 min read
  • People are paranoid someone might steal their wallet’s private key and with it their ether and tokens. If your PC is infected with malware and you store your private key in a.txt file, say, a hacker with remote access could gain access to your wallet.
  • I assume the UTC file which got generated in myetherwallet is the keystore file. Also I have my private key noted. I understand that the myetherwallet will stay long and there is no plan to close in near future. Could you please let me know how to use the keystore file or private key and access my wallet without using myetherwallet?
  • I never had access to the wallet (i thought I did), the old client (with the bug) showed me the wrong public key which I trusted as fact and started sending ETH to. I never sent from it. The real public key that matches my private key has a zero balance. I didn't know this until I tried to send ETH from it lastnight.
  • Wallet words, private key and address follow MyEtherWallet.com the standard (derivation path m/44'/60'/0'/0/k), and can be restored in most wallets. The private key generated here is never transfered over the internet. This webpage runs entirely in your browser, in Javascript. Feel free to check out the source code on GitHub.
  • Jan 23, 2020 MyEtherWallet is a “do-it-yourself-&-secure-it-yourself” FREE Ethereum wallet that is extremely easy to use. In this guide, we will list out the steps of creating an Ethereum account with MyEtherWallet.

May 25, 2018  MyEtherWallet allows you to send and receive Ethereum by entering your private key. You can also create a wallet that will generate public keys to receive Ether, or simply send and receive Ether. Red dead redemption 2 license key generator.

MyEtherWallet does not manage accounts with information such as passwords, private keys, or emails. In order to ensure your security and privacy, no sensitive data is ever saved, stored, or transmitted when you use MyEtherWallet. We only have access to the information that is publicly available on the blockchain. We do not have servers and we do not hold your assets.

Only users themselves can access and control their funds – this is the purpose of decentralized networks. Your funds are stored on the Ethereum blockchain itself, and we are simply an interface that allows you to easily interact with them. Passwords and private keys are in the users’ hands and are the users’ responsibility.

Unfortunately, this means we cannot:

  • Recover your private key
  • Access your account
  • Recover or reset your password
  • Reverse or cancel transactions
  • Recover your account
  • Send your ETH or Tokens from one address to another

There may be a chance that you saved your Keystore/JSON file without realizing it. We recommend:

  • Do a full search of your computer for ‘UTC–’ and see if the file shows up.
  • Do a full search of your computer for your address, without the 0x at the beginning.
  • If you know when you created it, look through all files during that time period for any documents or screenshots.
  • Generate a new wallet via our interface and take a look at the different options you may have downloaded or saved. Sometimes backtracking can help jog your memory.

In the future, we strongly recommend you use our fully fledged mobile app MEW wallet, or purchase a hardware wallet for higher security. If you must use a private key, print out a paper version of your wallet, keep it in multiple physical locations, and only use it with an offline version of MEW.

Etherscan

You can read more about how to safely back up your wallet here.