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Author Topic: MEW Wallet  (Read 731 times)
Bonanzacoin
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September 14, 2017, 10:07:44 PM
 #1

Is it safe to store several thousands worth of eth and tokens in there? I want to create the offline version but im not really sure how to do that?

If no one can get my key, am i safe then? Or can it get hacked? I kinda hate this side of the game really. With all these ahole hackers.
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Mike Mayor
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September 15, 2017, 02:34:26 AM
 #2

I haven't heard of mew ? I do know myether wallet is legit and everyone always recommends it. It let's you use a private key and a whole bunch of other options.

To answer your question yes if someone gets your private key they have access to your eth so look after it or better yet keep it offline. You can also keep your private keys on a usb stick and  plug it in when you need to gain access  to your wallet. Make sure you keep back ups of it.


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September 15, 2017, 04:02:53 AM
 #3

Is it safe to store several thousands worth of eth and tokens in there? I want to create the offline version but im not really sure how to do that?

If no one can get my key, am i safe then? Or can it get hacked? I kinda hate this side of the game really. With all these ahole hackers.

i do not use any ethereum wallets because i do not trust any of them. because i do not trust any of the ethereum developers one bit, they have proven to be bad at what they are doing in my experience. and that will be a huge risk to store something that was created by them in a wallet coded by them.

remember recently the multi million dollar worth of ETH tokens that were hacked from one of the major ETH wallets created by the same people? and that was their multi signature wallet!

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September 15, 2017, 05:53:06 AM
 #4

Is it safe to store several thousands worth of eth and tokens in there? I want to create the offline version but im not really sure how to do that?

If no one can get my key, am i safe then? Or can it get hacked? I kinda hate this side of the game really. With all these ahole hackers.

You need to be very careful about phishing sites.  I really recommend you buy a hardware wallet like the ledger nano s, which is compatible with MEW.  Yes you can use MEW safely but you need to be very careful.  IMO the only good option is to have a hardware wallet.

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September 15, 2017, 09:06:52 AM
 #5

I haven't heard of mew ? I do know myether wallet is legit and everyone always recommends it. It let's you use a private key and a whole bunch of other options.

To answer your question yes if someone gets your private key they have access to your eth so look after it or better yet keep it offline. You can also keep your private keys on a usb stick and  plug it in when you need to gain access  to your wallet. Make sure you keep back ups of it.

Actually they are the same thing. MEW is acronym for MyEtherWallet.

I think you can store any ETH there, but you sould be smart and careful enough not to compromise any detail of your wallet, just like with any other crypto wallet...


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September 15, 2017, 09:20:59 AM
 #6

Your ETH is still on ether blockchain, MEW is just a gate to access it
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September 15, 2017, 09:21:51 AM
 #7

Is it safe to store several thousands worth of eth and tokens in there? I want to create the offline version but im not really sure how to do that?

If no one can get my key, am i safe then? Or can it get hacked? I kinda hate this side of the game really. With all these ahole hackers.

You need to be very careful about phishing sites.  I really recommend you buy a hardware wallet like the ledger nano s, which is compatible with MEW.  Yes you can use MEW safely but you need to be very careful.  IMO the only good option is to have a hardware wallet.

Yes, this is what i actually wanted to know as well with the ledger nano s. Cause i need to store all my tokens as well. So all tokens that can be stored in MEW can be stored in the ledger nano as well? Tx.
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September 21, 2017, 10:17:20 PM
 #8

Well, if you have several thousand ETH, then you can easily afford a hardware wallet.  I'd recommend a Ledger and go totally offline.  Ledger allows you backup to a paper wallet as well.
http://support.ledgerwallet.com/knowledge_base/topics/hardware-wallets-faq

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September 21, 2017, 10:21:13 PM
 #9

My ether wallet is a safe wallet for etheriam coin.
My ether wallet is safe and secured. I have been using this for a long time and my coins are still intact. Atleast save your private keys and dont leave it behind.

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September 21, 2017, 10:21:45 PM
 #10

You can make offline wallet with MEW... no one can access it because the private key was never exposed to the internet..

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September 21, 2017, 10:28:49 PM
 #11

Is it safe to store several thousands worth of eth and tokens in there? I want to create the offline version but im not really sure how to do that?

If no one can get my key, am i safe then? Or can it get hacked? I kinda hate this side of the game really. With all these ahole hackers.

It should be safe but if I had your amounts I would buy a trezor and store it there.

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September 21, 2017, 10:30:22 PM
 #12

As long as all info to access your account in MEW is safe (Keystore file, Private Key, Mnemonic Phrase etc.), your balance is safe as well. There are several phishing sites popping up lately so always double check the URL before unlocking your wallet.

Yes, this is what i actually wanted to know as well with the ledger nano s. Cause i need to store all my tokens as well. So all tokens that can be stored in MEW can be stored in the ledger nano as well? Tx.
As MEW supports Ledger Nano S, you can send/receive all Tokens listed there using the device. This is a good read on How to use MyEtherWallet with Ledger

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September 25, 2017, 05:24:22 AM
 #13

Is it safe to store several thousands worth of eth and tokens in there? I want to create the offline version but im not really sure how to do that?

If no one can get my key, am i safe then? Or can it get hacked? I kinda hate this side of the game really. With all these ahole hackers.

I have been using myetherwallet for a while now and never had a problem. But in my case, i never stored too much there. It was only 3-4 Eth.

When I had a lot of Eth which I sold, i kept all of them in Coinbase because their accounts are insured if something happens.

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September 25, 2017, 06:18:33 AM
 #14

As with all security features do not let anyone have access to personal data,in this case private key code.
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September 25, 2017, 06:25:08 AM
 #15

Mew is suppose to be secure if you take all pre-caution very seriously. You can learn how to store your coin in pslaper wallet . I think it is pretty easy to do that. You can also send  coin offline if you are sending a lot of coin. That been said. security of your coin depend on you. The price for your security in crypto or in life is eternal vigilance!

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September 25, 2017, 06:27:48 AM
 #16

I haven't heard of mew ? I do know myether wallet is legit and everyone always recommends it. It let's you use a private key and a whole bunch of other options.

To answer your question yes if someone gets your private key they have access to your eth so look after it or better yet keep it offline. You can also keep your private keys on a usb stick and  plug it in when you need to gain access  to your wallet. Make sure you keep back ups of it.
It was created and connected with ethereum. I know that devs created this site just to have a private key and some wallet for your ethereum and some token that is ethereum platform.

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September 25, 2017, 06:31:13 AM
 #17

Myetherwallet is very safe to use.  I've been using MEW for a while now with no issues.  Just be careful of phishing websites, there's a lot of them in  Slack.  Always bookmark Myetherwallet to be safe. 

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September 25, 2017, 07:43:32 AM
 #18

Myetherwallet is really safe to use until you get some issues while sending money.. At least its quite safe to deposit your money. You should create more than 1 mew files I suppose, you said you are gonna deposit dozens of tokens so its safer to use more wallets. If one is hacked, others are gonna stay safe so.

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September 25, 2017, 07:48:46 AM
 #19

Create a strong password backup your key file on a USB and put it in a safe place. Don't safe any password locally on your computer in case you ever get hacked. Create multiple wallets to spread your risk.

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September 25, 2017, 07:53:35 AM
 #20

Create a strong password backup your key file on a USB and put it in a safe place. Don't safe any password locally on your computer in case you ever get hacked. Create multiple wallets to spread your risk.

In addition to this, don't ever lose your private key or your seed. Even if you lose your device. Keep your private key safe and remember to create paper wallet for your offline coin!

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