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{ "title" : "Getting Started on MyCrypto.com", "sort" : "01", "category" : "Getting Started", "description" : "Getting Started", "date_published" : "2015-10-05T08:00:00+08:00", "date_modified" : "2018-11-28T08:00:00+08:00" }

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  • Please take some time to understand this for your own safety. 🙏
  • Your funds will be stolen if you do not heed these warnings.



What is MyCrypto?

  • MyCrypto is a free, open-source, client-side interface.
  • We allow you to interact directly with the blockchain while remaining in full control of your keys and your funds.
  • You and only you are responsible for your security.
  • We cannot recover your funds or freeze your account if you visit a phishing site or lose your private key.
![](../images/getting-started/onboarding_icon-01.svg)


MyCrypto is not a Bank

  • When you open an account with a bank or exchange, they create an account for you in their system.
  • The bank keeps track of your personal information, account passwords, balances, transactions and ultimately your money.
  • The bank charge fees to manage your account and provide services, like refunding transactions when your card gets stolen.
  • The bank allows you to write a check or charge your debit card to send money, go online to check your balance, reset your password, and get a new debit card if you lose it.
  • You have an account with the bank or exchange and they decide how much money you can send, where you can send it, and how long to hold on a suspicious deposit. All for a fee.
![](../images/getting-started/onboarding_icon-02.svg)


MyCrypto is an Interface

  • When you create an account on MyCrypto you are generating a cryptographic set of numbers: your private key and your public key (address).
  • The handling of your keys happens entirely on your computer, inside your browser.
  • We never transmit, receive, or store your private key, password, or other account information.
  • We do not charge a transaction fee.
  • You are simply using our interface to interact directly with the blockchain.
  • If you send your public key (address) to someone, they can send you cryptocurrency or tokens. 👍
  • If you send your private key to someone, they now have full control of your account. 👎
![](../images/getting-started/onboarding_icon-03.svg)


Wait, What is a Blockchain?

  • A blockchain is a digital decentralized ledger. Ethereum is one particular blockchain.
  • It keeps track of all transactions that have ever been made in the history of the blockchain in a chronological order.
  • It is stored and maintained by a peer-to-peer network made up of nodes (miners) that verify and approve of transactions, which make it nearly impossible to fake or tamper with transactions.
  • The blocks in the blockchain are made up of a group of transactions that have been verified and accepted by the miners. This "block" is then added to the stack of previous blocks, which forms a chain of blocks: a.k.a the blockchain.
  • When you see your balance on MyCrypto.com or view your transactions on etherscan.io, you are seeing data on the blockchain, MyCrypto does NOT store any data.
  • We are not the blockchain, we allow you to interact WITH blockchains (send transactions), and view information that is publicly available on blockchains.
![](../images/getting-started/onboarding_icon-04.svg)


Please Understand the Things We **Cannot** Do:

  • We can't access your account or send your funds for you.
  • We can't recover or change your private key.
  • We can't recover or reset your password.
  • We can't reverse, cancel, or refund transactions.
  • We can't freeze accounts.
  • **We do not store any of your information, so we cannot access any information besides what is publicly available on the blockchain.

**You** and **Only You** are Responsible for Your Security.

  • Be diligent about keeping your private key and password safe. Your private key is sometimes called your mnemonic phrase, Keystore file, UTC file, JSON file, or wallet file.
  • If lose your private key or password, no one can recover it.
  • If you enter your private key on a phishing website, you will have all your funds taken.
![](../images/getting-started/onboarding_icon-05.svg)


If MyCrypto Can't Do Those Things, Then What's the Point?

  • Autonomy is the point of decentralization and the blockchain.
  • You don't have to rely on your bank, government, or anyone else when you want to move your funds.
  • You don't have to rely on the security of an exchange or bank to keep your funds safe.
  • If you don't find these things valuable, ask yourself why you think the blockchain and cryptocurrencies are valuable. 😉
  • If you don't like the sound of this, consider using [Coinbase](https://www.coinbase.com/) or [Blockchain.info](https://blockchain.info/wallet/#/signup). They have more traditional-style accounts with usernames and passwords.
  • If you are scared but still want to use MyCrypto, [get a hardware wallet](https://support.mycrypto.com/hardware-wallets/hardware-wallet-recommendations.html)! These keep your keys secure.
![](../images/getting-started/onboarding_icon-06.svg)


How to Protect Yourself from Phishers

Phishers send you a message with a link to a website that looks just like MyCrypto, EtherDelta, Paypal, your bank, etc. but is not the real website. They steal your information and then steal your money.

![](../images/getting-started/onboarding_icon-07.svg)


How to Protect Yourself from Scams

People will try to get you to give them money in return for nothing.

  • If it seems too good to be true, it probably is.
  • Research before sending money to someone or some project. Look for information on a variety of websites and forums. Be wary.
  • Ask questions when you don't understand something or something doesn't seem right.
  • Don't let fear, FUD, or FOMO win over common sense. If something is very urgent, ask yourself, "Why?" It may be to create FOMO or prevent you from doing research.
![](../images/getting-started/onboarding_icon-08.svg)


How to Protect Yourself from Loss

If you lose your private key or password, it is gone forever. Don't lose it.

  • Make a backup of your private key and password. Do NOT just store it on your computer. Print it out on a piece of paper or save it to a USB drive.
  • Store this paper or USB drive in a different physical location. A backup is not useful if it is destroyed by a fire or flood along with your laptop.
  • Do not store your private key in Dropbox, Google Drive, or other cloud storage. If that account is compromised, your funds will be stolen.
  • If you have more than 1 week's worth of pay in cryptocurrency, get a hardware wallet. No excuses. It's worth it. We promise.

More Security Tips!

![](../images/getting-started/onboarding_icon-09.svg)


Onward!

![](../images/getting-started/onboarding_icon-10.svg)