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Author Topic: Be careful using MEW to create Ethereum wallet and also opening them  (Read 518 times)
joinfree (OP)
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May 09, 2020, 02:22:59 PM
 #1

I created a topic https://bitcointalk.org/index.php?topic=5246731.msg54384321#msg54384321 earlier describing how I was finding it difficult logging into my Ethereum wallet which I created last year. I saved only the keystone file because of a past experience where I lost huge amount of money by saving my private keys. I decided to open this new wallet which I use my keystone file to access about two days ago and the feedback I received got me disturbed. Initially, I thought this was just a little glitch and I could get it solved but it happens my funds are gone forever.

I reported this in several other communities and it seems this has been the fate of others as well. Going forward I want us all to take the advice of not using Myetherwallet platform in creating and accessing our ethereum wallets.  I think there is a loophole with their platform and hackers are exploiting it at some point in time and the saddest thing is that they are not aware of this loophole. If you have ever been a victim of this situation please support this post with just a comment just to warn other forum members to stay away from using MyEtherwallet and if your funds are valuable to you I suggest you start moving them one after the other!
 
Below is the image of feedback that I get when I try accessing my wallet. I have open this wallet for like 3 times with this same Keystore file. All my other Keystore files are working just the one with the money lmao.


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May 09, 2020, 02:44:16 PM
 #2

Since last year I moved from myetherwallet to metamask so in 1 year I have never accessed myetherwallet, thank you for sharing your experiences.
I hope everyone is also careful or can check on myetherwallet to see the assets they have. Is it alright or having problems like OP

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May 09, 2020, 02:50:09 PM
 #3

You should try to download mycrypto desktop wallet and just try to open your keystore use mycrypto desktop wallet and i have been using it since MEW has made me feel inconvenience.

I hope that will be working perfectly.

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May 09, 2020, 03:03:58 PM
 #4

I have not used myetherwallet for more than 2 years because there have been many problems and cases of losing money there, now I have moved to use metamask and trustwallet.

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May 09, 2020, 03:06:54 PM
 #5

I have stopped using MEW long time ago. I had also lost a significant amount of funds while using this wallet. I prefer other wallets that can be downloaded either on my mobile or desktop. Web wallets should always be avoided for storing crypto assets as there is high risk of these wallets getting hacked. If anyone is interested in knowing which are the best Ethereum wallet in 2020 then click the link.

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joinfree (OP)
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May 09, 2020, 03:11:30 PM
 #6

You should try to download mycrypto desktop wallet and just try to open your keystore use mycrypto desktop wallet and i have been using it since MEW has made me feel inconvenience.

I hope that will be working perfectly.
okay, I would give this a shot and see. Actually, I was a bit reluctant moving away from the use of MyEtherwallet even though some friends of mine advised me to stop using their platform. I guess I have learnt my lesson the hard way Sad.

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May 09, 2020, 03:17:10 PM
 #7

Honestly I don't like myether wallet, the first time I tried it out I decide  not to send coins to the wallet address, after trying few other eth wallets I later choosed coinomi wallet over others until trust wallet came around

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May 09, 2020, 03:21:25 PM
 #8

Ever since I found out about Trustwallet, I've given up on them. Trustwallet has everything I need, simple and fast. Also they are managed by Binance so I always trust this wallet absolutely
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May 09, 2020, 03:23:16 PM
 #9

Honestly I don't like myether wallet, the first time I tried it out I decide  not to send coins to the wallet address, after trying few other eth wallets I later choosed coinomi wallet over others until trust wallet came around
coinomi  only have few listed tokens more of the tokens created in ETH platform will not supported by that wallet so its not a good choice to use coinomi.

I only using imtoken  application in play store to stored ETH and other tokens. Its the same you can create a new wallet or use the old wallet you have if secured your keys.

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May 09, 2020, 03:26:23 PM
 #10

I was shocked when I visited MyEtherWallet last month and indeed I was difficult to access my wallet. But I tried some way that suggested by the support I was able to open my wallet. Until now I can access the wallet without any problem. MyEtherwallet thing is doing a good move I think, this is not something that will be harm for the user. At least it will make an awareness (especially for me) to not access the wallet carelessly.
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May 09, 2020, 03:37:05 PM
 #11

Fake sites do make us have to be more cautious, especially with the fake MEW site making our assets seem insecure,
I wonder, is online wallet still safe? or maybe we all need to save it in an offline wallet?  Huh
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May 09, 2020, 03:38:00 PM
Merited by dbshck (4), Husna QA (1)
 #12

Surely this is something that is less fun for you, friend. But have you made sure that all your data is valid without forgetting something like:
  • Correct password
  • Your json file is safe and not damaged
  • Create an address on the original MEW not on a phishing site

I reported this in several other communities and it seems this has been the fate of others as well. Going forward I want us all to take the advice of not using Myetherwallet platform in creating and accessing our ethereum wallets.  I think there is a loophole with their platform and hackers are exploiting it at some point in time and the saddest thing is that they are not aware of this loophole. If you have ever been a victim of this situation please support this post with just a comment just to warn other forum members to stay away from using MyEtherwallet and if your funds are valuable to you I suggest you start moving them one after the other!
If you want people to stay away and be careful with MEW, then you should consider bringing this thread to the beginners and help.



OP, you dont need to forbid anyone else to use MEW because what you are experiencing right now is something that is not recommended by the site for everyone who uses it as shown in the picture. It would be better if you ask the user to be careful and not just save the json file to access the wallet because saving PK and json is a good attempt to be on guard if one of them cant be accessed.

You can print private keys on a piece of paper and store them in a safe place even if you already have json files on a PC. If you have a private key then you will easily access your wallet with another wallet even if you don't have access to the json file. Consider it. Wink

I wonder, is online wallet still safe? or maybe we all need to save it in an offline wallet?  Huh
Safe, as long as you dont make mistakes like logging into phishing sites and hackers dont spy on you maliciously.
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May 09, 2020, 03:39:55 PM
 #13

there use to be a way to access our mew wallets offline but this option were not available after some updates. i think it was still there back in 3.10 version which we can use our keystore file and password. mew isn't getting easy and slow to load because they allow all tokens to appear in the wallet instead of just making us add the token by our selves with the contract address.

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May 09, 2020, 03:40:49 PM
 #14

You should try to download mycrypto desktop wallet and just try to open your keystore use mycrypto desktop wallet and i have been using it since MEW has made me feel inconvenience.

I hope that will be working perfectly.

Does mycrpto desktop wallet is safe? once I download it is it the same private key I am going to use them in the wallet to access my account to that platform anyway? Its been one almost now I think that I didn't use my mew to check the balance I have on it. Anyway thanks for the tips you gave us here for this reply.
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May 09, 2020, 04:09:09 PM
 #15

Surely this is something that is less fun for you, friend. But have you made sure that all your data is valid without forgetting something like:
  • Correct password
  • Your json file is safe and not damaged
  • Create an address on the original MEW not on a phishing site

Yes carelessness itself can happen. There are many factors make you lose assets in your wallet. My experience of almost 3 years using MEW is still good. Just my carelessness to publish my private key without realizing it in the bounty form so that my assets are gone.

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May 09, 2020, 04:29:21 PM
 #16

Perhaps your keystore file has been corrupted, possibly due to a virus. Storing a keystore on a computer is not safer than storing a Private key. I think you should use the wallet with the local password, you will just need to save the seed phrase on paper and keep it safe.

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May 09, 2020, 04:41:31 PM
 #17

Yes carelessness itself can happen. There are many factors make you lose assets in your wallet. My experience of almost 3 years using MEW is still good. Just my carelessness to publish my private key without realizing it in the bounty form so that my assets are gone.
Of course, the security of your assets is your own responsibility and user carelessness is the beginning where valuable assets are lost or stolen.

Even though online wallet has a vulnerability to be hacked, but if the user understands how to make it safe then I think the incident might be different. MEW is one of the wallet sites recommended by many altcoin developers who use the ethereum platform. So as long as you can maintain the security of your wallet and PC, so far you might be safe using it.
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May 10, 2020, 03:19:03 AM
 #18

I think we should save both of them, keystore and private key just in case if we lost one of them or cannot using one of them like you.
Did you try to open your wallet with the keystore before ? We should try to open our wallet after we just create them to ensure the keystore work properly, and we should only open the MEW web from our bookmark to avoid phishing.

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May 10, 2020, 03:55:10 AM
 #19

Do you save the keystore only on a computer? You should save it somewhere else besides on the computer so that something like this does not happen again, or maybe you can try editing the keystore file and look for the private key on that file
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May 10, 2020, 05:05:50 PM
 #20

Do you save the keystore only on a computer? You should save it somewhere else besides on the computer so that something like this does not happen again
Look like he don't have any backup and just saved it onto his computer. This is common for somebody who mostly don't care about his wallet during that time.

maybe you can try editing the keystore file and look for the private key on that file
Could you explain if there's a procedure how to do this? if there is then that should be the solution but sad to say, that's unlikely.

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