Bitcoin Forum

Is this good to store large amounts of crypto on if you use the ledger to unlock it?

If I had large amount of crypto assets I would never store all of them in one place, even if it's a super safe hardware wallet. I would spread them among several online (hardware) wallets evenly, as I think it's the safest way to store your money. Otherwise, if you loose your wallet you loose everything.

Basically what you are doing is your private key is stored on your hardware wallet and NEVER leaves the device. As long as the hardware wallet is secured enough you should be fine. For extra security I wouldn't use the everyday OS for doing this, but will run through live OS on some linux distro.

Ledger is a good hardware wallet for crypto, it's recommended if you want to save your asset on it. But, I suggest you to spread them into the other wallet.

According to my knowledge I think it's safe.

Because when you are creating a wallet by using mew, you have full control of that wallet. Just take care of your private key & JSON file.
I haven't used Ledger, but I heard that it is one of the safe hardware wallet, so it's a green signal.

edit: Beware of phishing attacks of mew. Check the domain carefully before creating your wallet.

I love Mythwallet and I use Mythwallet.I think Mythwallet is very safe from other wallets.Then is a compulsory to use Mythwallet for the Bitcoin Forum. The majority of people are using Mythwallet. And most of the people need Mythwallet to collect various tokens.And the private key is used in Mythwallet, which is impossible to hack.

The point is don't put all your eggs in one basket spread them if you won't lose them all. I'm advising you to not put all your coins in one wallet you can save them in several wallets even though ledger is a good one. There are so many cases out there, people lose their coins because of their carelessness. Do not forget to back up and protect your private key so if something bad happens with your wallet, your coins will be safe.

This is just a small correction, since there are too many phishing sites that are linking to this website with a very few difference in spelling. Myetherwallet is a good place to store your ETH and ERC20 tokens but if we are talking of large amount here I'll agree with what topchiiy86 said. You should put it with different places and it's better to put that large amount in an offline/hardware wallet. But if you'll remain using MEW, make sure that you won't publish your private key online or store it on your email or cloud storage.

I think this is one of the best wallets. It is very difficult to hack and it is convenient

yes it is - use ledger, stay safe :)

If you use ledger hardware wallet then you are absolutely safe & hardware wallets are recommended to store crypto in large amounts. As it will protect your cryptocurrencies from malware if present in your computer that intends to steal your private keys & from phishing websites too. Just keep your seeds in a safe place even your hardware wallet gets damaged/lost you can restore your cryptos in new ledger wallet via seed phrase.

It is different for everyone. I wouldn't keep 100% onto anything. Like if you have $50k invested, I would put $25k on two different hardware wallets.

You should remember one thing is only to store crypto on MEW when you trade often. If you invest for a long time, hold for at least 6 months, then buy a hardware wallet like Ledge Nano S for crypto storage because this form is very safe for the amount of your crypto. MEW is just an online wallet and can be hacked at any time.

MEW is a "online wallet". Your keys are saved by you, so if you upload them while the site is hacked or from a hacked computer than you could lose your coins. But if the site gets hacked and you don't upload your keys you are likely fine.

In my opinion, as long as you can keep the private key premises safe, as long as it's yours is also safe. I suggest never access myetherwallet from any links you get in email or elsewhere. Because it could be one of the forms of fishing to steal a private key when you login into myetherwallet.

Yes it is, That means if you are stored your amount on your ledger wallet and not in the mew wallet. Remember if you are syncing your ledger to the myetherwallet and you are not keepo your amount in your myetherwallet. I guess you should read more about that and it's very safe.

No! I think! Web wallet only for daily used! For bid amounts need other methods to store it

Diversifying risk is very important. I will not keep everything in one place.I would prefer hardware token.
I guess MEW is good but more options needs to included like option to change password !! n alert system for all transactions ( in & out). Things needs to be more secure. Currently one alert for in is coming as email.

That's fine. Read MEW, that's all written there. MEW is not a wallet, it's just an interface. Your money is stored on the Ledger and you use MEW just to access it.

MEW is still fine if you want to store large amount of cryptocurrency in this wallet. I'm also using MEW to store all my ETH and token for months and until now everything still fine while a lot of other people said that they lost their cryptocurrency by holding in MEW :)). I'm not using ledger but everything still fine but it'll be much better if you have ledger for your MEW.

I would suggest you that don't put all your digital currency in one digital wallet. Spread it as long as you can. Myetherwallet is secure and safe but as i say spread your digital currency for more safety.

Your private key doesn't leave your ledger so using the MEW website thru browser support on your ledger is fine. Always make sure you have the latest firmware installed on your ledger as they address security issues and update minor things.

Putting your coins in a different wallet is the best strategy to prevent losing your money in one time. The important is keep your private key in a safe place because hackers always find ways to harm you by hacking your private key and get your money in your wallet. We must be careful on this because making money is not easy.

Yes it's good im using MEW for storing all my erc20 tokens for a long time and never had a problem just keep your private key safe and always chech the MEW website before importing your private key

Whatever wallet you want to store your coins all aren't secure for it is vulnerable.
Secondly you should take charge strictly of private keys. Much better don't put everything in one wallet to make sure incase there will happen still you have some not all gone.

Service MyEtherWallet provides access to all features that currently have cryptocurrency Ethereum and regularly evolving. According to its functionality, it is quite capable to compete with the official client, however, unlike MyEtherWallet does not require downloading gigabytes of blockchain and even any installation on the hard drive. Moreover, it is available in a web version, which means it can be used at any time and from any device on any platform where there is a browser.

Huge amounts should be prioritized if you want to secure it.

Don't just store it somewhere where hackers can possibly hack it easily. Like in MEW, if you uses private keys instead of JSON file for accessing your wallet, you better change it.

Otherwise, getting your own Nano Ledger S will be the best choice after all.

I think myetherwallet is safe to store crypto as long as you can keep private key properly. Don't get leaked to the public. Don't haphazardly access the myetherwallet link you find in the email, or any link found in the place that tells you to open your wallet. Be careful it can be like fishing.

Do not have to use the leger to store large amounts. I use multiple accounts for altcoins and wallet on my PC for bitcoin. In my opinion it is quite reliable way to store cryptocurrency. The main thing is not to go to phishing sites and maksimalno carefully to use the MEW purses and MyCrypto.

It is never good to store large amounts at one place, but if you want to, ledger is just fine.

You can also store your funds on paper wallet, which is also one of the safest way, if you do it properly with clean PC possibility that someone will hack you is near 0%.

I am what amount mean as high amount. If you want to hold the bitcoin or ethereum worth of 10k USD or even more you will be able to buy the hardware wallet such as ledger nano or trezor wallet.
This will be allow to save the fund in secured way.
Please do not believe the fake news spreading hackers attacking the bitcoin wallet. Not at all possible one.

10k usd or more is already a big amount of cash and i guess it is pretty risky to put that amount on a single wallet online. I agree that we should now betted use a hardware wallet or a cold storage in order to secure that kind of amount because hardware wallets is known to be more safe because they are offline and being offline means you arent prone to any hacks or any other attacks that can potentially stole your funds

. Spreading that said amount onto a different kind of wallet is also recomendable to lessen the risk of loosing it all instantly

If you really are holding a large amount of cryptocurrencies and its value is very high then the best option is to have several hardware wallets just in case something goes wrong, that is way safer than storing your coins online were a hacker could always have the chance of getting your coins, but if you do not have so much money it is still a good idea to invest in one single hardware wallet to protect your coins.

I believe buying the crypto wallet hardware not at all useful thing at all. We need to find the bitcoin wallet secured in any private key secured one. Because of the fake hack news itself we all believe that bitcoin will be get stolen from the wallet.

But that is not at all a true information buddy. I suggest you to invest on fund you are using for buying hardware. Then go with the any good wallet which is being widely used in the market.

Splitting out those funds is a good idea but would a little bit hassle in my part. I can able to risk out to store it on a single hardware wallet as long i do know how to secure those keys and other related stuffs.You are right that  hardware wallets is somehow ideal when it comes on storing up coins for longer periods of time. Myetherwallet is a capable wallet as long you do keep the keys securely and no one can able to stole or bruteforce.

safe or not it depends on the way you use. all wallet will be dangerous if you put pasworld and private key you carelessly. if you want your myethwallet safe, you should keep the json files very confidential, or you can use metamask to open myethwallet. but you should keep your password confidential. or you memorize the code on the private key is better

I prefer a hardware wallet such as Ledger wallet to store large amount of crypto assets. Private key won't be exposed to anyone if you use a hardware wallet which means greater security.

MEW offline can also be used after you creating your wallet as it is more safer than using MEW website. You could visit a phishing site and ended up with getting hacked your wallet if you are using MEW website.

However, I don't want to get a risk. Therefore, I always prefer hardware wallets over online wallets to keep my crypto assets safe.

I think Myetherwallet is a good storage for huge amount of coins for as long as the private key is safe or even if you use your ledger to open the site. I did store mines but I just withdrew them because I need the money for emergency, but I had kept it there for a year or so.

I think the same with you
as long as we can still keep the private key we can still save in myeterwallet but I suggest do not use a one wallet only because to better maintain our assets when hacked we still have assets in other wallets

I will agree mate.MyEtherwallet is the most and the only wallet that I'm using mow to stored my tokens and coins which is the safest way to keep my profits grow.

I think myetherwallet is safe enough to store your coins so far I am wearing myetherwallet for my personal wallet and it is safe never to lose. but if I can give you a little advice if you have enough coins you'd better save to some places that you think are safe do not get enough space if you're still in doubt. good luck and thank you. i like to ask you.

Yes, it is very good to store large amount on this wallet but it is also advisable to spread your funds into some other wallet should incase there is any problem with one, you have others to hold unto till when the problem is solved.

You should save the downloaded file initially and use Jason key to access the wallet MEW,

yes I think myetherwallet is very safe to save coins from this forum because myetherwallet is very secure by using private key with private key to open the wallet. no one can open can open without using private key ie private key. then if you want to keep your coins many or few coins you have. so do not worry about saving your coins.

It's good if you know how to use it, be careful, it's safe