How to create local or online ethereum wallet
There are several options for creating a wallet Ethereum – download to your computer or create it online, let’s take a closer look at each of the options:
Create local wallet
Very first we go to the official site , we find the block “Smart money, clever wallet” (it goes almost instantly) and under it there is another phrase “See all versions”, that’s it and clap it.
Next, the link takes us to the site GitHub, where we need to go below and download the latest version.
Next, run the .exe file, which extracts the contents to the desired disk, and then run the program from the desktop.
At the very first begin, it will embark to synchronize, which can take up to an hour of time.
If the wallet is not synchronized, check the date and time settings on the computer, put them on the automatically and attempt again to begin the program.
When the synchronization is over, you need to create a fresh account, after which you will receive the wallet address.
Next, the program will suggest to make backup files of accounts, which is clearly recommended:
That’s actually we created our account and got a wallet number that can be used in mining and transactions.
Create online wallet
There are different services for creating wallets for example Myetherwallet.com, but it seems to me more convenient to keep a wallet on the Bittrex or Poloniex exchanges. Why? Because you can quickly convert the Ether to another currency, the wallets for which you can create right there.
So very first register on the exchange and advise you to set up two-stage authentication in the settings, then we find in the right upper menu the tab “Wallet” and click on it.
Next, in the field “Search” we write “ETH” and we will get results, now by the name Ethereum click on plus.
The “Deposit Ethereum” window will open in front of us now we press “New adress” in it and the wallet number shows up in the “Hex” field, now It can be used for miners and other purposes.
Which is better?
Which of these two wallets for ether is more reliable?
On the one mitt it seems that the wallet on your computer is more reliable, since only you use it and no one else can dispose of your coins. However, the home computer is also not protected from hacker attacks, but as practice shows when a computer violates down, access to the wallet itself is lost.
Plus, to exchange for another currency, you also need a wallet on the exchange, and therefore the sense to create it on your computer. Unless, for the illusion of security or as a spare harbor, to withdraw the crypto currency from the exchange to your computer.
The disadvantage of the wallet on the exchange are the same hacker attacks, but if the level of protection is hundreds of times higher than on your home computer. Plus, during a acute decline in the exchange rate, some exchanges make it difficult for users to withdraw the crypto currency, but this is a single entity, rather than a system.
There is no confidence in the online services of the off-exchange, it’s unclear who is holding them and will not be lost by the effortless wave of a arm. To the exchanges, this also seems to apply, but in any case they are more reliable and stable.