Software Alternatives, Accelerators & Startups

LibreSpeed VS MyEtherWallet

Compare LibreSpeed VS MyEtherWallet and see what are their differences

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LibreSpeed logo LibreSpeed

Self-hosted Speedtest for HTML5. Easy setup, examples, configurable, mobile friendly.

MyEtherWallet logo MyEtherWallet

MyEtherWallet is a free, open-source, client-side interface.
  • LibreSpeed Landing page
    Landing page //
    2023-09-21
  • MyEtherWallet Landing page
    Landing page //
    2023-04-05

LibreSpeed features and specs

  • Open Source
    LibreSpeed is open-source software, meaning anyone can view, modify, and distribute the code. This transparency helps in auditing the code for security issues and allows for community-driven improvements.
  • Free to Use
    LibreSpeed does not require any licensing fees, making it a cost-effective solution for both personal and commercial use.
  • Customizable
    Users can modify the source code to suit their specific needs, whether it is the user interface or the functionality of the speed test.
  • Self-Hosted
    Being self-hosted, LibreSpeed provides more control over data privacy and security, as users can run it on their own servers.
  • No External Dependencies
    LibreSpeed is built to work without relying on third-party services or external dependencies, enhancing reliability and independence.

Possible disadvantages of LibreSpeed

  • Technical Expertise Required
    Setting up and customizing LibreSpeed may require a good degree of technical knowledge, particularly in web development and server management.
  • Maintenance
    Self-hosting LibreSpeed implies that the user is responsible for maintaining the server and updating the software, which could be cumbersome for some.
  • Limited Community Support
    Although it is open source, LibreSpeed may not have as large a user base or as robust community support as more established, proprietary solutions.
  • No Built-In Analytics
    LibreSpeed does not come with built-in advanced analytics or reporting capabilities, so users might need to integrate it with other analytics tools for deeper insights.
  • Initial Setup Complexity
    Configuring the server and ensuring that it works optimally can be complex, particularly for users who are not familiar with server-side configurations.

MyEtherWallet features and specs

  • User Control
    MyEtherWallet (MEW) is a non-custodial wallet, meaning users have full control over their private keys and funds, enhancing security and autonomy.
  • Open Source
    Being open-source software, MEW allows users and developers to review its code, enhancing transparency and security.
  • Compatibility
    MEW is compatible with various hardware wallets like Ledger and Trezor, providing additional security options for users.
  • Wide Range of Tokens
    MEW supports a wide variety of Ethereum-based tokens (ERC-20), making it versatile for different types of users and use cases.
  • Integrated with DeFi
    MEW offers integration with decentralized finance (DeFi) platforms, enabling users to easily access various DeFi services.
  • Web and Mobile Access
    MEW offers both a web interface and a mobile app, allowing users to access their wallets conveniently.

Possible disadvantages of MyEtherWallet

  • User Responsibility
    As a non-custodial wallet, users are fully responsible for managing their private keys. Losing keys means losing access to funds, and there is no way for customer service to recover them.
  • Phishing Risks
    Being a popular online wallet, MEW is often targeted by phishing attacks. Users must be cautious to ensure they are using the correct website.
  • Technical Knowledge
    MEW may require a certain level of technical knowledge to fully utilize its features, which could be a barrier for beginners.
  • Limited Support
    MEW has limited customer support compared to custodial wallets, which might be a challenge for users needing immediate assistance.
  • Security Risks
    Since MEW is primarily a web-based wallet, it can be vulnerable to online threats and hacking risks. Users need to implement strong security practices.

Analysis of MyEtherWallet

Overall verdict

  • MyEtherWallet is a good option for those looking to manage Ethereum and ERC-20 tokens. Its ease of use, security features, and flexibility make it a viable choice for both new and experienced cryptocurrency enthusiasts.

Why this product is good

  • MyEtherWallet (MEW) is popular among users for its ease of use, especially for beginners in the cryptocurrency space. It allows users to create wallets for Ethereum and ERC-20 tokens without the need for third-party software. MEW is also a non-custodial platform, meaning users have full control over their private keys and funds, enhancing security. The platform supports hardware wallet integration and provides a simple interface for managing Ethereum-based assets.

Recommended for

    MyEtherWallet is recommended for those who are comfortable managing their private keys and prefer a non-custodial solution to hold Ethereum and ERC-20 tokens. It is especially suitable for users who value integration with hardware wallets for enhanced security.

LibreSpeed videos

Self-host your own internet speed test with LibreSpeed!

More videos:

  • Demo - Tech Demo How To : Self Hosted Speed Test : libreSpeed

MyEtherWallet videos

How Create MyEtherWallet (MEW) Account | Complete Tutorial 2020

More videos:

  • Demo - How To Use MyEtherWallet: Demo & Review
  • Review - Setting Up & Using MEWconnect with MyEtherWallet

Category Popularity

0-100% (relative to LibreSpeed and MyEtherWallet)
Developer Tools
100 100%
0% 0
Cryptocurrencies
0 0%
100% 100
Speed Test
100 100%
0% 0
Cryptocurrency Wallets
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare LibreSpeed and MyEtherWallet

LibreSpeed Reviews

We have no reviews of LibreSpeed yet.
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MyEtherWallet Reviews

Top DeFi Wallets
In the earlier days, wallets such as MyEtherWallet dominated the market while providing clunky UI/UX. Fortunately, within the past year, many wallets have upped their game and are creating better interfaces with significantly better user experience.
Source: defirate.com

Social recommendations and mentions

Based on our record, MyEtherWallet should be more popular than LibreSpeed. It has been mentiond 55 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

LibreSpeed mentions (33)

  • Ask HN: Is Comcast ripping me off and how can I prove it?
    Try hosting a DIY speed test on a cloud server (like Google colab or the free oracle instances or whatever): https://github.com/librespeed/speedtest. - Source: Hacker News / about 3 years ago
  • SSLVPN - Fluctuating bandwith
    It should be DIA. They provide the internet connection to the company since 2 decades and it's a very small ISP, so it's very vague in terms of contract. Iperf was giving me very terrible results with TCP, UDP was giving me a couple of Gbit/s throughput, definitely a wrong result. We are using this self hosted speedtest. All my results above are based on this software: Https://github.com/librespeed/speedtest. Source: over 3 years ago
  • Speedtests
    Put a copy of Librespeed on a web server that's accessible through the VPN and told them to use that. For (our) convenience, it's logged into a database that's correlated with the VPN login/logout times so the users don't even need to log in to use it, but we still know whose test result it is. Source: over 3 years ago
  • Fooling My ISP
    There is a selfhosted solution for speed testing called LibreSpeed. You could try it and see the results. Source: over 3 years ago
  • How much are you 'trusting' a docker image from hub.docker.com?
    In this particular instance though, adolfintel appears to be the developer of Librespeed. The official documentation in that GitHub repo points to that docker image by adolfintel. Therefore, it counts as the official docker image in my book. Source: over 3 years ago
View more

MyEtherWallet mentions (55)

  • WELCOME NEWCOMERS!!๐ŸŽ‰๐ŸŽ‰
    Never share your private key/recovery phrase (same thing in different form). I made one exception to this, which was to use myetherwallet.com to generate my private key from the reovery phrase, then use my private key to import my account into metamask. Source: almost 4 years ago
  • MEW v5 sunsetting on October, 4th 2022!
    In order to prevent any issues with wallet access after the sunsetting of MEW v5, try out our current version of MEW at https://myetherwallet.com. Source: almost 4 years ago
  • How to find and unstake HEX without Metamask access - is it possible?
    If you have the mnemonic seed phrase, you can find out what the corresponding Private Key/Ethereum address is, for example, with myetherwallet.com. However, any Ethereum wallet works for this, Electrum or Exodus are also legit choices and always safer choices than an online wallet provider. Source: almost 4 years ago
  • What is the absolute most secure way to create an Ethereum wallet?
    Visit website to create public and private key (like myetherwallet.com). Source: over 4 years ago
  • Lost 17,000 $ of ETH due to hacked Metamask wallet
    Thank you! I just checked that. The account is newly created, it was only connected to myetherwallet.com. Maybe the whole Metamask wallet was compromised so the hacker can access to all the accounts within it. Source: over 4 years ago
View more

What are some alternatives?

When comparing LibreSpeed and MyEtherWallet, you can also consider the following products

Fast.com - Quickly test your internet speed with this fast-loading speed test powered by Netflix.

Toshi - A browser for the Ethereum network

SpeedOf.Me - SpeedOf.Me is an HTML5 Internet speed test. No Flash or Java needed!

Exodus.io - All-in-one app to secure, manage and exchange blockchain assets.

Speedtest.net - Test your Internet connection bandwidth to locations around the world with this interactive broadband speed test from Ookla

Jaxx - Jaxx.io is a blockchain wallet available as desktop software, a mobile app, or as a Chrome extension