Updated: Apr 10, 2020
MyEtherWallet (MEW) is a free, client-side interface helping users to interact with the Ethereum blockchain. It is easy to use, open-source that allows you to generate wallets, interacts with smart contacts, among its other features. It is a very secure, intuitive, and convenient platform to manage your ETH and ERC-20 tokens. Plus, it has an active support system that will help you in case problems happen. MyEtherWallet is specifically useful and compatible when using the SUNEX with its ERC20 tokens.
Here is a guide on how to set up MyEtherWallet
(1) Go to the right website to download the software package.
Go to www.myetherwallet.com and make sure that you are using the correct website URL and the right SSL certificate.
(2) Create a wallet.
Before creating an account, you will be asked to provide a unique password and write that in the 'Enter a password' section in the middle of the page. For security purposes, the password should be separated and unique from other passwords used in your other accounts.
Remember, that your SUNEX tokens and other ERC20 tokens will be stored in your account, and thus, a strong password is of utmost importance. Once done deciding your password, click the 'Create New Password' button.
(3) Download the Keystore file
Once the password is entered, the site will take you to the 'Save your Keystore file' screen. The Keystore is important and should be downloaded and stored on your computer. The MEW site will provide instructions on the screen on how to store the Keystore file securely. After downloading it, you can click the 'I understand, Continue' button and proceed to the next step.
(4) Make sure to secure your private key
Your private key will be visible in the gray box. It is extremely important to keep this key safe, as no one from the Sun Exchange will ever ask you for your private key. You should also make sure to not give this key to anyone.
One way to secure the key is to print a hard copy and store it in a secure place on your computer in an encrypted document. After saving the private key, click the 'Save Your Address' button.
(5) Unlock your wallet
Your wallet needs to be unlocked whenever you sign into it or make a transaction. There are several ways to unlock your wallet. You can use the hardware USB type Ledger wallet, or use two of the most common methods in using the Keystore / JSON File and the Private Key.
Among these methods, it is advised that you should use the hardware wallet to run MEW offline and locally, or to use MetaMask. The following is a link in setting up MetaMask.
(6) Unlocking the wallet using Keystore / JSON File
First, click on the Select Wallet File' box. Go to the UTC JSON file downloaded during the earlier creation process of the wallet. Click and open it.
MEW will inform you to unlock your wallet and decrypt it after you enter the password, used at the beginning of the wallet creation process. After doing this, the wallet will become unlocked and ready to view. This is when your wallet is now unlocked and ready to use!
(7) Some Parts of The MEW Interface
This refers to your wallet's public address or public key. This is what you should give out when receiving ETH, SUNEX tokens and other ERC20 tokens.
Viewing Other Tokens
You can also opt to access other tokens by clicking the 'Show All Tokens' option. MEW will then provide several tokens already listed.
Adding New Tokens Not In The Original List
For tokens that are not included in the list, you have to manually add them by clicking the Add Custom Token button and input the token, not on the MEW token list.
Printing a Copy Of Your Paper Wallet
Make sure to print a copy of your paper wallet and download a copy of your UTC file.