Revenge71 (OP)
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April 13, 2018, 09:23:48 PM |
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Is this good to store large amounts of crypto on if you use the ledger to unlock it?
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topchiiy86
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April 13, 2018, 09:28:28 PM |
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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.
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ManaMan
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April 13, 2018, 09:37:39 PM |
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Is this good to store large amounts of crypto on if you use the ledger to unlock it?
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.
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asayoyaasa
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April 13, 2018, 09:39:51 PM |
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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.
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akamit
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April 13, 2018, 09:47:00 PM Last edit: April 13, 2018, 09:58:59 PM by akamit |
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Is this good to store large amounts of crypto on if you use the ledger to unlock it?
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.
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Rupok
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April 13, 2018, 09:50:19 PM |
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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.
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dollarneed
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April 13, 2018, 09:52:20 PM |
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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.
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batang_bitcoin
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April 13, 2018, 09:54:11 PM |
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Is this good to store large amounts of crypto on if you use the ledger to unlock it?
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.
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Rent this sig space so that BTC goes to $100k.
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nata777
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April 13, 2018, 09:55:30 PM |
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Is this good to store large amounts of crypto on if you use the ledger to unlock it?
I think this is one of the best wallets. It is very difficult to hack and it is convenient
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UNIFOX.IO
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Blockchain the world!
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April 13, 2018, 10:06:50 PM |
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yes it is - use ledger, stay safe ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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deevan
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April 13, 2018, 10:51:08 PM |
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Is this good to store large amounts of crypto on if you use the ledger to unlock it?
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.
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TimtheYoutuber
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April 13, 2018, 11:02:06 PM |
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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.
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Positivebetting
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BettingTips
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OPEN GAMING PLATFORM
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April 13, 2018, 11:06:23 PM |
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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.
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TimtheYoutuber
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April 13, 2018, 11:12:13 PM |
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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.
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Positivebetting
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freya louis
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April 13, 2018, 11:33:48 PM |
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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.
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EndChain - Complete logistical solution for all markets and supply chains ICO Start: Dec 1, 2018 (https://endchain.io/)
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makishart
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April 13, 2018, 11:47:44 PM |
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Is this good to store large amounts of crypto on if you use the ledger to unlock it?
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.
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hdtqisg
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April 13, 2018, 11:51:49 PM |
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Is this good to store large amounts of crypto on if you use the ledger to unlock it?
No! I think! Web wallet only for daily used! For bid amounts need other methods to store it
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rightoz
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April 13, 2018, 11:56:33 PM |
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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.
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CryptoEnthused
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April 14, 2018, 12:01:18 AM |
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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.
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CopMom
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April 14, 2018, 12:05:02 AM |
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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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ). I'm not using ledger but everything still fine but it'll be much better if you have ledger for your MEW.
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