myetherwallet Is one of the safest paper wallet out there along with mycrypto however, there are precautions to be taken in order to be safe. One of which is to never disclose your private keys and you can use metamask web extension for safe sending and receiving of tokens.
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Topic: Is it secure to use MyEtherWallet? - page 26. (Read 36060 times)
Hi, You have received good comments to use myetherwallet(MEW). I am using it and I have a good experience. I started using it thanks to this post.
Your First MyEtherWallet
I hope it's useful!
Your First MyEtherWallet
I hope it's useful!
Its OK to use but you have to be careful it's one wallet I have heard so much hack about, make sure you don't share your PK and don't store it with the regular email you use to make registrations for crypto related platforms. Alsoake sure you are signing into the right myetherwallet website
If you are a beginner and are afraid to compromise your wallet, then I would recommend you download the wallet Mycrypto. In its design it looks like a MyEtherwallet, but it will protect you from phishing.
A number of points need to be observed to enhance the security of MEW. If some of these precautionary measures are kept, in my opinion, my ether wallet can be safe to use.
1. Your private keys need to be kept offline to ensure no access to it. If possible, write it down and keep in safe location, or ensure no one have access to it, unless the person you confide in. Anyone with access to your private keys, can gain access to your wallet.
2. Ensure the computer or the system you are using is not a public computer, also make sure anyone using the computer do not have acess to the wallet password/keys. Be careful the websites you visit as the some of the sites you visit as some of them may have worms or other malicious programmes that could steal wallet information.
3. Use Metamask to improve the security of the wallet. Metamask also recognizes malicious websites when visited and enables you to escape visiting bad websites.
When the above points, among other points, are adhered to, MEW, in my opinion, is safe is safe to be used.
1. Your private keys need to be kept offline to ensure no access to it. If possible, write it down and keep in safe location, or ensure no one have access to it, unless the person you confide in. Anyone with access to your private keys, can gain access to your wallet.
2. Ensure the computer or the system you are using is not a public computer, also make sure anyone using the computer do not have acess to the wallet password/keys. Be careful the websites you visit as the some of the sites you visit as some of them may have worms or other malicious programmes that could steal wallet information.
3. Use Metamask to improve the security of the wallet. Metamask also recognizes malicious websites when visited and enables you to escape visiting bad websites.
When the above points, among other points, are adhered to, MEW, in my opinion, is safe is safe to be used.
Everyone uses this purse, but since there are so many hacks, it is better not to use a private key to enter. There is an Metamask application, it will protect your wallet and all your transactions.
So far I've used myetherwallet to store all of my crypto currency coins. I feel very safe using myetherwallet. The most important thing in using a wallet, we must understand the security procedures offered by the wallet and apply it carefully. We can also protect by not carelessly storing our wallet keys, securing emails that are connected to the wallet, and of course updating security regularly. All this must be done carefully so that no one will hack into our wallet.
Yes, MEW is easy to use and secure. Been using it for months.
It is a safe way of storing your Ethereum based tokens.
MyEtherWallet is not technically a wallet, but you can create an address on their platform, and access it on any Ethereum wallet.
MyEtherWallet is not technically a wallet, but you can create an address on their platform, and access it on any Ethereum wallet.
I like this wallet.. It is very convenient and in terms of security I have no complaints about it. The main thing is not to keep the secret key on the computer..
well i think it's secure to use myetherwallet because alot of people that have altcoins recommends myetherwallet.
I want to create new wallet using MyEtherWallet(dot)com, is it recommended wallet and easy to use?
Myetherwallet is safe and easy to use, just make sure not to share to anyone your private keys.
also before giving your wallet address EX: bounties, make sure that they are sending payment that is a ERC-20 token.
the safeness depends on how you will use and take care of it.
No! I wouldn't suggest using MEW because of its vulnerability to hacking. It is the most famous wallet for storing erc20 tokens but it can be hacked easily especially if you lost your private key. Also, it can be hacked through pishing, so be careful if you are using it. I highly suggest ledger or trezor for storing your funds. If you cannot afford to buy these kinds, you can use Metamask or IMtoken for security purposes.
It is secure of course. And it is a great website/wallet or whatever. But depends on your use. With your use, if you are not aware of the site you're using and not looking at the secure at the left side of your url, then you're dead.
in my opinion it is very safe and easy to use myetherwallet, because I believe if MEW can protect our assets,
Of course MyEtherWallet is secure wallet and you can create new wallet addresses in there very easily steps. before you access and create new wallet addresses on MyEtherWallet I recommend install the metamask to make sure that the site you are visiting is safe and correct. recently, many hackers cloned this site and you could lose funds
That wallet is somehow recommend. It is safe, you just have to be careful from those phishing sites.
It is the most used erc20 compatible wallet but it is the most prone to hacking. It is the least secured erc20 compatible wallet, many people are using it because of ease of access. But many people were also scammed for using it. It is very vulnerable to hacking at pishing sites. I recommend to use Metamask at IMtoken because it is more secured that MEW.
So far, MyEtherWallet is the most utilized wallet for ethereum or ERC-20 standard coin that mostly used. This is free and very easy to be used from creating, utilizing, saving, and also making transaction. However, talking about its safety, I think that so far it is actually secure if we can be more careful, locking the wallet, keeping the private key securely, and avoiding phishing. I myself still use the wallet so far and it is secure enough.
My advice is it not perfect. MyEtherWallet is the good wallet for us but here is have some risk. A lot of scammers and lot of hackers are in the crypto field. So online wallets are very risky. My MEW was hacked in 2016 with 2 ETH and different types of tokens. Then I bought a Ledger wallet. Hardware wallet is very secure than online wallets. Actually, ledger wallet is very useful for me. Now my all tokens in my ledger wallet.
It is secure of course. And it is a great website/wallet or whatever. But depends on your use. With your use, if you are not aware of the site you're using and not looking at the secure at the left side of your url, then you're dead.
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