Myetherwallet (MEW) is one of the most popular Ethereum wallets available today, and it’s easy to see why. With its user-friendly interface and powerful features, it makes managing your Ethereum assets easier than ever. But before you can start using MEW, you need to set up your account. Don’t worry — this comprehensive guide will walk you through the whole process step by step!

Step 1: Visit the Myetherwallet Website

The first step is to visit the official MEW website. Make sure that you’re visiting the correct site by double-checking the URL. It should be “myetherwallet .com” — if not, don’t proceed as it could be a malicious website with a similar name. Once you’ve verified that you’re at the right address, click on “Create New Wallet”.

Step 2: Download Your Keystore File

On this page, you will be asked to select a method for creating your wallet. The easiest option is to use a Keystore File (UTC/JSON). Usually referred to as a “private key file,” this file stores all of your information in an encrypted format so that only someone with access to the password can open it. Click on “Select Wallet File” and then enter a strong password when prompted — make sure that it contains both upper and lowercase letters as well as numbers and symbols for maximum security. Finally, download your Keystore File by clicking on “Download Keystore File (UTC/JSON)".

Step 3: Backup Your Private Key

Your private key is essentially like a bank account number — it gives anyone access to funds stored in your wallet if they have it. Backing up your private key prevents others from accessing your funds even if they have access to your Keystore File. To back up your private key, click on the “I understand… Continue" button at the bottom of the page and then copy-paste or write down both your public address and private key somewhere safe (preferably offline). Don't email or text yourself these details because these can easily be compromised; instead consider writing them down on paper or saving them securely on an external hard drive or USB stick instead.

Step 4: Verify Everything Is Working Correctly

Once you've backed up everything correctly, go back to MEW's home page and click on "View Wallet Info" under "Access My Wallet". On this page, upload your newly created Keystore file by clicking on "Select Wallet File", enter in the password for said file when prompted, and finally click "Unlock". If all goes well, you should now see information about your wallet displayed onscreen including its balance (if applicable), public address, etc... If something went wrong during any of these steps though, press "Back" and try again until everything works correctly!

Conclusion: Setting up an account with Myetherwallet is simple but important — without doing so properly, someone else could gain access to funds stored in your wallet without permission! By following this essential guide carefully though, you'll have no problems getting started with MEW quickly while still protecting yourself from potential threats along the way! This comprehensive guide should help both experienced users looking for refreshers as well as newbies who are just getting started with cryptocurrency wallets alike! Good luck and happy trading!