[Guide] MyEtherWallet Offline Transactions [SECURITY]

Hi,

In this guide I'd like to show you how to do offline-transactions using MyEtherWallet.
By using this method your private-key won't won't leave the offline machine so this is the safest way of sending transactions without a hardware-wallet.

First of all something about your private-key/keystore-file/recovery-seed: Do NOT store this files on your computer which is connected to the internet! If you're getting infected my malware you may lose all of your coins/tokens linked to this private-key. The safest way would be just using your keystore-file on your offline computer to sign transactions and storing your private-key/recovery seed safely on paper. Your private-key and recovery-seed are unencrypted provide instant access to your wallet while the keystore-file is encrypted and requires an additional password.

Requirements:

• a computer which is connected to the internet
• a computer which isn't connected to the internet
• Your ETH public-key
• Your ETH private-key (Keystorefile should be preferred)

Installing MyEtherWallet locally [Do this on the offline computer]

Download the local version of MyEtherWallet from the official MyEtherWallet Github (etherwallet-vX.X.X.X.zip):
https://github.com/kvhnuke/etherwallet/releases

Move "etherwallet-vX.X.X.X.zip" to your offline computer (USB Stick, Smartphone, ...) and extract the content from the ZIP.

Open MyEtherWallet by double clicking 'index.html' - you may have to right-click it, then go to 'Open with' and select a browser; I'd recommend using Google Chrome - you may want to download it on your online machine and transfer it to the offline machine.

Making an offline transaction

STEP 1: [ONLINE]

Write down the contents of 'Gas Price' and 'Nonce'. Go to the MyEtherWallet-Website and select the 'Send Offline'-tab (https://www.myetherwallet.com/#offline-transaction). If needed adjust your GWEI according to https://ethgasstation.info/ by clicking on 'Gas Price: X GWEI' in the upper right corner and adjusting the slider to your needs. Then enter the public-address of the sender account into the 'From Address' textbox and click 'Generate'.

STEP 2: [OFFLINE]
Open your local copy of MyEtherWallet, select the 'Send Offline'-tab and scroll down to 'Step 2: Generate Transaction (Offline Computer)'.

Enter the following information:

• To Address: Receiver-address
• Value / Amount to Send: Amount you want to send (it's also possible to send Tokens by clicking on 'ETH' on the right side of the textbox and selecting the respective Token in the dropdown-menu)
• Gas Limit: https://kb.myetherwallet.com/gas/what-is-gas-ethereum.html
• Gas Price: Value from STEP 1
• Nonce: Value from STEP 1
• Data: optional - leave empty if not needed

Now scroll down until you see 'How would you like to access your wallet?' and log in using your preferred authentication-method (I'd recommend using your Keystore-File!) and click 'Unlock'.

Click 'Generate Transaction'

STEP 3: [OFFLINE]
You'll now see two textboxes - 'Raw Transaction' and 'Signed Transaction'. Copy the content from 'Signed Transaction' and transfer it to your online computer.

STEP 4: [ONLINE]
Go back to the MyEtherWallet-Website and select the 'Send Offline'-tab (https://www.myetherwallet.com/#offline-transaction). Scroll down to 'Step 3: Send / Publish Transaction (Online Computer)', enter your signed transaction, click 'Send Transaction' and confirm it.

Congratulations, you're done :)

Sidenote: To check your balance just use https://ethplorer.io/ or https://etherscan.io/ or log in to MyEtherWallet just using your public-key (View only of couse).

If you have any questions please feel free to ask anytime.

Best regards,
Nestade

BCT: https://bitcointalk.org/index.php?topic=4500372.0 publish0x: https://www.publish0x.com/xunsh1nes-blog/guide-myetherwallet-offline-transactions-security-xnzkj