Step 3: Setting up a MyEtherWallet address

We have created a series of process walkthroughs providing instructions on how to participate in the HelloGold Foundation Token Sale. This post covers Step 3 in the process, ie:

1. Setting up an Exchange account to change fiat into crypto
2. Buying ETH from an Exchange
3. Setting up an address on a wallet that supports participating in the Token Sale
4. Transferring ETH from an Exchange to a wallet
5. Completing HelloGold Token Sale registration
6. Sending ETH to the Token Sale address

There are other wallets you may use in the crypto space. This walkthrough focuses on using MyEtherWallet.

To read on the prior step, go to Step 2.a: Buying ETH from Coinbase or Step 2.b: Buying ETH from Coinhako.

For the full list of walkthroughs, click here.

Setting up an address on a wallet that supports participating in Token Sales

The following are steps to set an address on MyEtherWallet.

Step 1:

Open your Web Browser and navigate to: https://www.myetherwallet.com/

Note: As the MyEtherWallet repeatedly warns, please check the URL: https://www.myetherwallet.com/. If your URL is different, you are likely on a phishing website.

Step 2:

Check that you are on the MyEtherWallet network.

Step 3:

Enter (AND REMEMBER) a secure password in the box and click “Generate Wallet”.

Step 4:

Click “Download” to save your Keystore File and back it up in a safe location. An example is to store it an encrypted USB device which is then placed in a secure safety deposit box.

This is required to access your account for future transactions.

If you misplace this, you will not be able to access your account again.

If it is stolen, you may lose all of your ETH or other tokens in the wallet.

Step 5 (Recommended):

This step is optional but very useful. Click “Print” to obtain an unencrypted copy of your wallet’s essential information.

This is an example of a paper wallet.

Alternatively, you may wish to print a physical copy.

The same rules on storing it in a safe location apply for both the paper wallet and the physical copy. Never share it with any other person.

Step 6 (Recommended):

You should practice unlocking your address on MyEtherWallet multiple times before sending any ETH to it. You can:

1. Go to Send Ether & Tokens
2. Select Keystore File (UTC / JSON)
3. Select your Wallet File (where you saved your keystore file)
4. Enter your password
5. Select Unlock

You will then be able to see your address and account balance.

Congratulations, your MyEtherWallet address is now set up! You may now transfer ETH from your Exchange account to this address. The steps to transfer ETH from your Coinbase account to your MyEtherWallet address is covered in the next article — Step 4.a: Transferring ETH from Coinbase to MyEtherWallet or Step 4.b: Transferring ETH from Coinhako to MyEtherWallet.