MEW is safe? - page 2. | Bitcointalksearch.org

aTriz

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Quote from: ChamanB on February 01, 2021, 09:26:31 AM

One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.

first of all you need to understand what Mew actually is. MEW is a tool to allow users to create and load (open) their ethereum wallets. but mew itself does not control your wallet, it doesn't store your private keys. and the coins/tokens you view in your wallet using mew interfact are not stored in mew. but they are stored in your wallet and in your private key..

now about safety of using mew. yes it is safe. it provides you a lot of possiblities to load your wallet. it always gives you the warning to not load the wallet using your private key. always use ledger, metamask or a third party tool to load your wallet. so yes. mew is very safe

Rowenta

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I've never use mew wallet before but if it's an online wallet stay away because they can easily get hack it better to use mobile wallet that gives users their private keys or recovery seeds do not use any online wallet that operate with username and passwords also if you can afford the money it is better to buy hardware wallet there are hundred percent safe unless you reveal your private key for the hardware wallet

since 2018 have kept huge amount of ETH in my trust wallet and nothing happened to my assets so mobile wallet is a good choice too if you can keep your private keys very safe

Fredomago

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MEW is one of the most used wallets in regards to newly created tokens/coins and for me this is also the most popular .
Their security in the past is somewhat weak that's why they have experiences some hacking but they recovered and now strengthen their security that even Old users find it hard to use now Grin

But regarding the question if this is safe? as long as you are hiding your keys then you will be safe using this or even other wallets.

rodskee

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Quote from: Travel Standard on February 06, 2021, 10:59:47 AM

Mew wallet is very good wallet for storing token. They support swap options also there.
Worst side is that it does not support dapp browser. I have list one nft there.

no Doubt that MEW is really a one of the best wallet for Ethereum platform users and i must admit that i am using this for long now.

But for small amount of storing only because i have witnessed the hackings happened to this site years back and i am afraid if there is another great hacker to invade their system again who knows?

X-ray

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Quote from: Travel Standard on February 06, 2021, 10:59:47 AM

Worst side is that it does not support dapp browser. I have list one nft there.

It should be all in one wallet. Any wallet is safe as long as the user can keep their sensitive data privately that can be accessed by others. The majority of hacked cases happened due to the users can't store their sensitive data privately.
Mycrypto should be a better choice rather than MEW.
I think that we should back again to the how safe MEW is and that depends on the user itself. MEW is only providing the wallet to the users.

bayudndy

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I have not had any problems with using meta masks, and if you are an active in this market you will find that it is very reliable. Using Metamask you get a simple, easy-to-use interface with a very secure encryption identifier.

JahriMeayer

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If you have big fund in your wallet that need to transactions and login others website then using mew with metamask is less safe to you.sometimes recheck the domain name, couldn't safe you from most of phising site.so you should buy hardware wallet like trezor, ledger.make sure the stickar or logo of that divice packet remain intake.i recommend don't use that given phase on your wallet.rather reset the phase of your wallet, that could safe you from hack and makes you relax

traderethereum

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Quote from: ChamanB on February 01, 2021, 09:26:31 AM

One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.

If you can protect your MEW account, it is safe to store your ethereum and erc20 token in that wallet.
But you should not forget that the hacker will try to search for the bugs to penetrate the MEW wallet and steal your tokens.
To avoid that, you should move your token, and sell the coin will be better if the price can reach the high price to transfer your ethereum to the other wallet.
I do not want to store a big amount in MEW because I am afraid of the hacker, and I think it would be good to get it on a separate wallet, which we can know is safe.

bitterguy28

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Quote from: ChamanB on February 01, 2021, 09:26:31 AM

One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.

MEW now are upgraded and their security is really tight now , actually old users are now seeing it very difficult to use not like the older version.

MEW had been through couple of hacking issue that's why they are making their best to keep the platform safer for all users.

chaser15

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Quote from: noormcs5 on February 15, 2021, 12:28:58 AM

Also if someone get holds of your MEW Wallet passphrase , you will lose all your funds.

I doubt the hacker will deplete those tokens because of the current fees. Cheesy

The hacker will spend more on that case.

But seriously, MEW is totally safe. We are the ones who aren't making it safe due to some human error or possibly got caught on a scam trap. Treat our keys like how we protect our exchange account, bank account, or any financial accounts. For newbies, there are lots of safety measures being shared on the internet. Take time to browse those.

noormcs5

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Quote from: lolxxxx on February 10, 2021, 07:14:05 AM

Quote from: ChamanB on February 01, 2021, 09:26:31 AM

One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.

I recently Installed the MEW app (ios) On my Phone and it is working perfectly well, According to security, it is like any other address provider saying that we do not have your keys, "if you lost the password we cannot recover it", That is much because the hacker cannot retrieve the password from email or anything associated with your account but the most secure wallets are hardware wallets which are not attached to anything and far from the internet. I use MEW wallet for some tokens transactions and never had an error.

Regards

The password for the MEW wallet is actually the passphrase and if you lose that passphrase you will not be able to recover your coins forever. Also if someone get holds of your MEW Wallet passphrase , you will lose all your funds. Using MEW is 100% safe but at the same time you have to keep notes of these precautions.

harizen

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Quote from: lolxxxx on February 10, 2021, 07:14:05 AM

"if you lost the password we cannot recover it",

KEYS.

Now that ends up for the users themselves to make it secure. Sometimes, being scammed is mostly the user's fault and not the wallet or platform itself. An internal breach can happen anytime even with the most protected and secured wallet and that's the only time we can blame the wallet.

Overall, using MEW is "safe" but it doesn't mean users need to rely solely on it.

https://notyourkeys.org/ - This subject is for BTC but the idea can be applied in general.

Text

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This is the very first web wallet I used where I stored all the tokens, at the same time the Blockchain I tried for BTC, that was really a recommendation then and there are not many other wallets, now there are many. It is still safe today as long as you always make sure that the link you are visiting is correct. Until now I still use it, but I now use their mobile app along with other non-custodial wallets. Just do not forget to back up the copy and keep your recovery phrase safe. Do it right away when creating your account because you might forget.

lolxxxx

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Quote from: ChamanB on February 01, 2021, 09:26:31 AM

One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.

I recently Installed the MEW app (ios) On my Phone and it is working perfectly well, According to security, it is like any other address provider saying that we do not have your keys, "if you lost the password we cannot recover it", That is much because the hacker cannot retrieve the password from email or anything associated with your account but the most secure wallets are hardware wallets which are not attached to anything and far from the internet. I use MEW wallet for some tokens transactions and never had an error.

Regards

Koutami

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Quote from: ChamanB on February 01, 2021, 09:26:31 AM

One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.

MEW never save your money, it just an tools to interact with your wallet in the Blockchain.
Just make sure when you access your wallet with Private Key or anything else, you connect to a Correct MEW site, make sure its https and the domains is correct.

noormcs5

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Quote from: ChamanB on February 01, 2021, 09:26:31 AM

One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.

You can safely store your Ethereum and erc20 token in MEW wallet on your mobile. Also if you use desktop/PC, you can store your currency in Meta Mask. Both MEW and Metamask are safe and better than any online exchange wallet because you have full control over the private key.
However, if you have very huge amount of ethereum, than it is preferable to store your crypto in hardware wallets.

aemma

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I think for a long time now, MEW has proven to be secure at least to the best of my knowledge, I am yet to come across any type of data breaches or hack on MEW , although I stand to be corrected in this aspect. Also, talking about MEW, I believe you can create the wallet from the web interface, then import the wallet to other wallet applications like Imtoken for easy accessibility and also to be safe from phishing website, either way you will still be retaining the security of your assets in as much as the private keys are safe. Also, talking about huge amount of assets, you can go for a hardware wallet, as it has proven to be more secure, but if you are still a fan of MEW, then create different wallets and spread the assets in them but most importantly, store your private keys in a secured place.

Lanatsa

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I would say its safe and ive been using it since year 2017 when ICO made up some hype and now im still storing off those coins without any problems.

Just be sure that your keys are safe too and just like others mentioned that its up to someone on how they would take care of those keys.

Once you lost it or been seen by other people then those coins are at risk of being stolen.Nothing is safe though but this is one of the most common
storage when it comes to erc20 token based.

passwordnow

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Quote from: Travel Standard on February 06, 2021, 10:59:47 AM

Mew wallet is very good wallet for storing token. They support swap options also there.
Worst side is that it does not support dapp browser. I have list one nft there.

I wouldn't keep it for storing tokens. I'll still choose hardware wallets over it or those desktop apps that token has. But if the amount isn't a lot you can keep it, as long as you're keeping any of those:

private keys
mnemonic phrase
keystore file

The strategy depends how you'll keep and maintain those. I've seen several posts about they've lost those and they can no longer access their funds sitting on their MEW account/wallet.

Lordhermes

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Yes, and No.
MEW had been the the safest for saving low amount of coin as long as you keep your keys in a safe place, back then, MEW offers two ways of accessing your account, keystore files, private key which you must actually keep offline. Also, there are phishing links that impersonate MEW and you must be careful when entering the site, airdrop that promise to pay participants uses that to steal users private key by telling them to sign a message with ok before they claim the token.

Also, MEW is a web wallet which sometimes would be vulnerable to attack easily, since hardware wallet is more expensive to purchase, I would suggest to you having a good software wallet like the trust wallet, where you can save higher amount of money. Choose your choice.

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