Bitcoin Forum

Hi Guys,

I have heard about MEW only as ERC 20 wallet where I can save my tokens it there any other option too which you are using?
MEW is very secure till you have the key control but issue is there is no 2FA  type mechanism for better security.

Exodus allows you to hold quite a few ERC20 tokens. It is an amazing wallet.

Is there any way to make MEW more secure. Like adding any 2FA or any way to add 2nd level security to the wallet?

I understand that you can connect MEW with one of the hardware wallets and make it secure in that way.

You can also connect MEW with metamask to make it more secure. There are training videos on Youtube that can help.

Im using metamask, basically just mew with more protection. You also can use imtoken for android or ios. Buying ledger or trezor is good tough, they can store almost all erc20 token.

I'm using a hardware wallet ladger nano S to enter in MEW.
not so important what kind of wallet you use. The main thing is how secure are your passwords

The e are several ways to access your coins or tokens. As it has been resounded several times in this forum, coins are stored in the Blockchain.

I use Imtoken and MetaMask. But planning on getting a Trezor Hardware wallet.

As far as i know,metamask extension would be the best place to protect your erc20 based tokens,Because it is encrypting your private keys thru its wallet so that those hackers,and phishing sites wont be able to get your assets from your account as you wont need to put your private keys manually,best wallet? it would still be mew,or myetherwallet.

the safest way to hold your assets are in MetaMask.
(if we are talking about the cheapest way,because it's web/online wallet).
but it is recommended for you to hold your assets on your local hardware such as Trezor and something like that.
you do not need to worry about your assets because it's the safest place to store it(as long as you make it an offline storage).

MetaMask is still in the early development stage, some people suggest not to store ETH in bulk, but I am trying to understand how to add or connect MyEtherWallet to metamask.

Just use mycrypto.com, and try to encrypt it, that is the only way that you can be safe at all. Or just invest $100 of your portfolio in a new hardware wallet, maybe, it is the best investment that you can do after all.

I buy my self a nice trezor wallet, if you value your asset you better save it in safe place. It cost you not more than 200 usd, just dont buy a second handed trezor or  from ebay, cause maybe its been modified so it can stole your fund.

I am using metamask extension because it is very secured as it encrypts the privatekeys of your mew wallets,phishing sites will be blocked as it is prompting users not to proceed to those potential phishing sites ,and malicious websites that might steal your private keys,be vigillant and always look for the URL you are having so you wont get hacked.

it is recommended for you to hold your assets on your local hardware such as Trezor. metamask extension would be the best place to protect your erc20 based token. You can also use mycrypto.com or imtoken on andriod mobiles

Many different offers. But which one is the most optimal?

Why would you use 2FA? When with MEW you are holding your keys and if they get compromised even 2FA can't save you from this.

Anyway here is the list of few wallets that will enable you to use ERC20 and Ethereum : https://guarda.co, https://enjinwallet.io/ , https://coinomi.com/, https://eidoo.io/ and hardware wallets of course

I do not use another wallet, because I think MEW is very good for storing ETH and ERC20 tokens.

We must be careful Choosing wallet base on erc20,which is why i like using Trezor very secure and easy to use and also begginner friendly

Maybe you can try this similar alternative :

1. MyCrypto > https://beta.mycrypto.com/account
2. MetalVault > https://app.metalpay.com/

They are really good alternative to store your ETH and ERC20 tokens
You should try...

If you really need 2FA option maybe you can store your tokens on a exchanger wallet...

I used ledger Nano s for ETH based tokens. but i think meta mask is not bad after ledger. try to learn how can you use meta mask. it is simple and anti phishing. MEW is not bad but it is online wallet and maybe on risks like last night.

First never store your money in exchanger, the risk is to big that exchanger can got hacked anytime. Me my self using metamask as browser extention, it safer and have zero cost, you just need to instal it. If you want more safer option just buy your self a good hardware wallet like trezor or ledger. And the most important think is never store your privatye key online in your evernote or google account or anything like that.

metamask wallet would be secure too,as you wont be required to put your private keys manually when you are using dex or decentralized exchange,mew website was hacked but not all the wallets from their platform were compromised,only those people who have used mew website when the hackers hijacked the DNS servers,but it was fixed now.

I keep most erc 20 tokens in stock markets.Especially I keep binance exchange.But I will put all of them in an ethereal wallet.I do not trust the stock exchange.

Apart from MyEtherWallet, Coinomi is another good ERC enabled wallet. I use it and don't have issues with it (yet). It has a wide range of existing coins as well as yet to be listed coins and tokens. The wallet security is very high as you have the passphrase to yourself and the recovery backup.

I have not read many testimonials about the 2 options you mentioned, especially about mycrypto, nowadays there are still many phishing that look similar and I am still skeptical with existing alternative websites, I still choose to use third party option from metamask / mist and occasionally use hardwallet until MEW condition stabilized again.

I personally use Metamask which is a google chrome extension that acts as a wallet. it is local and therefore I think is more safe and I personally love the interface and the convenience of having an extension of browser as the wallet.

I use Trezor. But to participate in ICO or with daily purchases, I do not use a Trezor purse. It's as cold as possible. I read that one dude for every single coin has his own separate purse. Probably, if you buy a large number, then this also makes sense.
But that's all in addition to the usual security methods.

Metamask is still one of the best solutions for this problem. Ease of use and safety at the highest level, this is exactly what you need to sleep peacefully.