# MEW Wallet

<img src="/files/wOKfr5hcpMXscWH9mvDH" alt="" class="gitbook-drawing">

A cryptocurrency wallet is a program that allows crypto users to store and retrieve their digital asset holdings until they are ready to be released in the market. Most cryptocurrency exchanges have default crypto wallets that the traders can directly download from the exchange’s website.&#x20;

Otherwise, if the cryptocurrency exchange is reliable, traders sometimes keep their holdings in the exchange’s wallets instead of transferring them to their wallets. But what if you can create your cryptocurrency wallets instead of downloading one from a crypto exchange’s website? MyEtherWallet does this; it has something very different to offer crypto users.

MEW offers three ways to create a new Ethereum wallet (ETH wallet) – **MEWconnect** (a smartphone app), Mnemonic Phrase, and a Keystore/JSON file. The first option is reliable because the other two can be vulnerable at times; if hackers get hold of the user’s mnemonic phrase or Keystore file, they will have full control over the crypto holdings. To create MyEtherWallet via the [MEWconnect app](https://mewconnect.myetherwallet.com/), the following steps should be followed:

Download the MEW Connect app from Google Play Store or Apple Store, open it and click on the “Create New Wallet” tab.

Choose a strong password, retype it in the next step and then click on the “Start Using MEWconnect” button which will open the new MEWconnect wallet for you with the new wallet address that is backed by a unique code.

Create a backup for the MEWconnect wallet because you might need recovery if you lose the seed words. Select “Backup,” click on the “start” button, and write down the seed words.


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