MyEtherWallet (MEW)’s New Interface Makes Swapping Tokens with Kyber Even Easier
MyEtherWallet (MEW), the well-known Ethereum wallet platform, has launched their brand new user interface, and we are thrilled to share that Kyber’s token swap functionality will continue to be a key feature that is natively integrated into the platform.
Ethereum’s Original Wallet
With more than 4 million web visits on average each month, MEW is among the most popular Ethereum wallets in the world. Through its free and open-source interface, users can interact directly with the blockchain and set up their own Ethereum wallets. They are able to securely store, send, and receive ETH as well as ERC20 tokens. MEW is also compatible with MetaMask, KeepKey, Secalot, Trezor, BitBox, Ledger Nano S, and their own MEWconnect app. Most importantly, users remain in full control as MEW does not hold on to their ETH, tokens, or private keys at any time.
Enabling Seamless Token Swaps Directly On MEW
MEW integrated Kyber’s liquidity protocol on April 2018, allowing millions of users to access and convert tokens directly and easily on their platform without going to third-party sites. Previously, users were only able to swap from ETH to ERC20 tokens and vice versa. With the update to MEW’s interface, users will now be able to perform arbitrary ERC20 to ERC20 token swaps with over 70 different tokens, including WBTC (Wrapped Bitcoin), DAI, and TUSD. This new interface is also specially designed to ensure that even non-technical newcomers will find it a breeze to swap tokens, and will allow greater token accessibility and portfolio management capabilities for millions of users around the world.
“ Our collaboration with Kyber Network was based on a shared goal of protecting the privacy and security of our users as Kyber runs fully on-chain and all operations are transparent. Users have complete control over their assets. This means Kyber can’t collect or store any of their users’ data and funds are not vulnerable to hacking attempts.
The swap feature makes cryptocurrency trading really easy and enjoyable, as all swapped tokens are available in MEW wallets instantly.”
– Kosala, CEO of MyEtherWallet
How to swap tokens on MEW
1. On MyEtherWallet.com Click Create A New Wallet or Access My Wallet
2. On the left menu panel, Click Swap
3. Choose the token you’d like to swap for e.g. ETH to DAI or WBTC to DAI
4. Key in the wallet address you’d like the token to be sent to
5. Under Providers, select Kyber Network, and click Continue and confirm the transaction on Metamask
It is indeed that simple to swap tokens directly on MyEtherWallet!
Watch Episode 1 of our ‘Any Token, Anywhere’ series, where Kosala, CEO of MyEtherWallet (MEW), explained how to swap tokens easily and directly on the new MEW platform.
About Kyber Network
Kyber’s on-chain liquidity protocol allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem. Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps — helping to build a world where any token is usable anywhere.