Frequently asked questions

Question 1

What is MyMonero Wallet?

Accepted Answer

MyMonero Wallet is categorized as a software wallet and hot wallet. MyMonero Wallet is specifically designed for managing Monero (XMR) and provides a lightweight, user-friendly alternative to the official Monero GUI wallet.

Question 2

Is MyMonero Wallet safe & legit?

Accepted Answer

MyMonero Wallet has not been involved in any major scandals, hacks, or criminal charges. MyMonero Wallet is open source and non-custodial.

Question 3

Who created MyMonero Wallet?

Accepted Answer

MyMonero Wallet was originally developed by members of the Monero community.

Question 4

Where is MyMonero Wallet’s company based?

Accepted Answer

The development and maintenance of MyMonero Wallet are community-driven, and not tied to a traditional corporation.

Question 5

How does MyMonero Wallet work?

Accepted Answer

MyMonero Wallet is available as a desktop, mobile and web wallet. MyMonero Wallet makes it possible for users to manage Monero without needing to run a full Monero node. Instead, it connects to remote nodes while still generating and securing private keys locally on the user’s device. Transactions are constructed client-side, with sensitive data never leaving the user’s device.

Question 6

When was MyMonero Wallet launched?

Accepted Answer

MyMonero Wallet was released around April 23 2014.

MyMonero Wallet