>Be MyEtherWallet >Explicitly state that you can choose

It's called a private key and there's a reason why it's so long.

>>2635423
>I don't understand cryptocurrencies: The post

>>2635423
The password encrypts your private key. Of course it will still work with an unencrypted private key.

>>2635423
You're not "logging in" to anything. MyEtherWallet is a client-side javascript program. Since they don't store your private keys or any information at all on their server, it's 100% your responsibility to keep your private key safe. Don't store it on your computer, have it on a piece of paper and keep it somewhere safe.

>>2635423
Oh and what's getting you confused is the UTC file is encrypted. Even if a hacker stole that off your computer they would need your password to spend anything. The unencrypted private key though, if they didn't give that to you, it wouldn't really be your wallet. You have to keep that in cold storage.

>>2636396

Thanks, that cleared it up