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MyEtherWallet VS Parse

Compare MyEtherWallet VS Parse and see what are their differences

MyEtherWallet

MyEtherWallet is a free, open-source, client-side interface.

Rating
0 reviews
Pricing
Open source
Alternatives Is it good?
Parse

Build applications faster with object and file storage, user authentication, push notifications, dashboard and more out of the box.

Rating
0 reviews
Pricing
Open source
Alternatives Is it good?
Eddyter
Build and integrate a WYSIWYG editor in minutes. Eddyter offers fast setup, developer-friendly APIs, and seamless content editing for modern web apps today. sponsored
Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

Which is more popular?

Based on our record, MyEtherWallet should be more popular than Parse. It has been mentioned 55 times since March 2021.

social mentions
55 vs 21
Cryptocurrencies popularity
100% vs 0%
alternatives listed
91 vs 185

Base details

Website, pricing, platforms and company facts side by side.

MyEtherWallet
Parse
Website myetherwallet.com parseplatform.org
Pricing
Open source
Open source
Listed in
Cryptocurrencies Cryptocurrency Wallets Cryptocurrency Exchange Crypto +1
Developer Tools App Development Backend As A Service Realtime Backend / API Mobile Push Messaging Parse Server +3

Features and specs

What each product offers, as listed by its team.

MyEtherWallet 6 features
Parse 5 features
  • 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

  • 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.
  • Open Source
    Parse Platform is open-source, which means it is free to use and can be customized to fit the needs of your application without any licensing fees.
  • Rich Feature Set
    Parse provides a wide range of built-in features such as a robust database system, real-time notifications, user authentication, cloud functions, and file storage, reducing the amount of development work needed.
  • Cross-Platform Support
    Parse supports multiple platforms including iOS, Android, JavaScript, .NET, and more, enabling easier development across different types of applications.
  • Community and Documentation
    There is a strong community around Parse with extensive documentation and numerous tutorials, which can help developers quickly resolve issues and learn best practices.
  • Unified Backend
    Parse allows developers to manage database, server code, and user authentication in one unified platform, simplifying backend management.

Possible disadvantages

  • Self-Hosting Complexity
    While Parse is open-source, it requires self-hosting, which involves managing and maintaining your own server infrastructure, adding operational complexity.
  • Performance
    Depending on your server setup and scaling needs, you might encounter performance issues, especially for high-traffic applications, requiring constant monitoring and fine-tuning.
  • Limited Scalability
    Parse might not be as scalable as other backend solutions like Firebase, particularly for apps that need to handle massive amounts of data and users.
  • Initial Setup Time
    The initial setup of a Parse server and its environment can be time-consuming and challenging, particularly for those without DevOps experience.
  • Feature Limitations
    While Parse offers a rich feature set, some advanced features available in other modern backend-as-a-service (BaaS) platforms may lack, necessitating custom development.

Analysis

An editorial look at what each product does well and who it suits.

MyEtherWallet
Parse

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.

Overall verdict

  • Parse is a good choice for developers looking for a flexible and scalable backend solution that can be deployed on their own servers or using cloud services. It is particularly beneficial due to its active community and extensive documentation.

Why this product is good

  • Parse is a popular open-source backend-as-a-service framework that simplifies app development by handling server-side components, freeing developers to focus on front-end development. It offers features like push notifications, cloud functions, social media integration, and a real-time database.

Recommended for

  • Developers who want an open-source solution with the freedom to self-host.
  • Teams building mobile or web applications that require a robust backend service.
  • Projects that need strong support for relational data and real-time functionalities.
  • Developers looking to avoid the overhead of writing custom backend code.

Videos

Walkthroughs and reviews on video.

MyEtherWallet 3 videos + Add
Parse 0 videos + Add

How Create MyEtherWallet (MEW) Account | Complete Tutorial 2020

More videos

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

No Parse videos yet. You could help us improve this page by suggesting one.

Category popularity

How often each product is chosen within a category, 0–100% relative to the other.

Score bands 0–20 21–40 41–50 51–60 61–100
MyEtherWallet
Parse
100% 100%
Cryptocurrencies
0% 0%
0% 0%
Developer Tools
100% 100%
100% 100%
Cryptocurrency Wallets
0% 0%
0% 0%
Realtime Backend / API
100% 100%

User comments

Share your experience with using MyEtherWallet and Parse. For example, how are they different and which one is better?

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Reviews and articles

External articles and on-site reviews we used to compare the two products.

MyEtherWallet no reviews yet
Parse no reviews yet
  • Top DeFi Wallets
    defirate.com · Mar 2021

    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...

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Social recommendations and mentions

Recommendations tracked on public social media and blogs since March 2021.

MyEtherWallet 55 mentions
Parse 21 mentions
  • WELCOME NEWCOMERS!!🎉🎉
    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... Source: about 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: about 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... Source: about 4 years ago

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  • Supabase Alternatives 🔄 in 2025 😼
    Parse deserves mention primarily for its historical significance as the precursor that inspired the entire backend-as-a-service space. Founded in 2011, Parse pioneered many concepts that we now take for granted in modern BaaS platforms. - Source: dev.to / over 1 year ago
  • The 2024 Web Hosting Report
    Backend as a Service (BaaS) goes back to early 2010’s with companies like Parse and Firebase. These products integrated everything a backend provides to a webapp in a single, integrated package that makes it easier to get started and... - Source: dev.to / over 2 years ago
  • How to set up a Parse Server backend with Typescript
    Parse Server is a great way to quickly spin up a backend for your project. Parse is a Node based utility that sits on top of ExpressJS. - Source: dev.to / almost 4 years ago

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Alternatives to MyEtherWallet and Parse

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

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