Quote from: densuj on May 25, 2017, 04:43:36 AM

Quote from: tempotempo on May 25, 2017, 02:58:37 AM

I have created a wallet on MEW (https://www.myetherwallet.com/) and I have a number of questions / clarification needed:

1) To my understanding, this is not an online wallet: the website simply generate a wallet address, and gives me the public and private keys, which I can then safely store offline or on a piece of paper, if I wish so, right?

2) Once I have the address generate at 1) above, I can then send ETH and/or a number of ETH tokens to this address, right?

3) the blockchain knows that this address has received this amount of ETH and that amount of tokens. If I'm in control of the private key, then I can use my ETH and/or token for whatever I please: transfer them to another user, another wallet, an exchange etc ... Correct?

4) Even though I store on my address different tokens and/or ETH, I only need one private key right? I.e. once I know the address and my private key that unlocks my wallet with all the content which I can then use as I prefer.

Thanks for helping to understand!
Cheers,
Jay

Yes you are right and the other service of ethereum wallet that simple and easy be used is jaxx.io, you can import the private key of ethereum in it, it support on mobile devices too, so you can use your coins in your hand. Also many altcoins be supported by jaxx.io ethereum, bitcoins,litecoin and other.

I really find the mobile support convenient. I Recommend myetherwallet

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