Popular crypto wallet service MyEtherWallet has just launched a limited beta version of its first companion mobile app, which we wrote about earlier this week.
If you’re a big MyEtherWallet user or just curious about crypto, you’ll want to get hold of the app. Since it’s in beta, you’ll need to head here and follow the instructions to email the company to request access. A full launch for iOS and Android is expected in August.
The MEW Connect app allows users to log into the service without typing their private key, just like hardware solutions such as Ledger or Trezor. That’s important because inputting sensitive information like a private key can lead to an account being compromised in the event of a phishing attack. At least two major incidents have happened this year, so the threat is very real.
Unlike Ledger or Trezor, though, MEW Connect is free which could help encourage more people to adopt better security practices since MyEtherWallet.com is a much-trafficked website. The company says its domain sees upwards of 600,000 visitors each day.
MyEtherWallet founder Kosala Hemachandra told TechCrunch that he hopes beta users will comb through the code and help find issues with the app before its wider release to all, and the arrival of the Android app. Those with bugs can submit them on HackerOne here, where the rewards on offer range from $250 to $2,000.
Beyond enabling a secure connection for MyEtherWallet.com users, the app could offer features including payments in the future, Hemachandra admitted, which could provide a major boost to the crypto industry as it aims to reach more mainstream attention.
MyEtherWallet isn’t the only service supporting a connection app. MyCrypto.com, a service that broke away from MyEtherWallet earlier this year, MyCrypto.com supports the Parity Signer app.
Note: The author owns a small amount of cryptocurrency. Enough to gain an understanding, not enough to change a life.