MyEtherWallet: A Beginner’s Definitive Guide | What is MyEtherWallet:
MyEtherWallet is a free, open-source, client-side, hot wallet that allows you to send, receive & store Ethereum or ERC20 tokens. MyEtherWallet.com neither hold your keys for you nor access accounts, recover keys, reset passwords, nor reverse transactions. To use MyEtherWallet simply enter password and then click and click create new wallet in myetherwallet.com home page. Then download keystore file and save your private key to recover account in future.
MyEtherWallet Gas Limit & Price:
MEW wallet use gas while sending a transaction. You can use more gas means more fees for completing transaction faster. This functionality is available for both ETH and ERC20 tokens.
Some other Feature like Built-in Exchange, Acess Different Wallets via MEW and Manage ERC20 good for cryptocurrency user. MyEtherWallet supports ERC20 1000s of crypto token.