Raflesia
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February 19, 2021, 05:06:57 PM |
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One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.
first of all you need to understand what Mew actually is. MEW is a tool to allow users to create and load (open) their ethereum wallets. but mew itself does not control your wallet, it doesn't store your private keys. and the coins/tokens you view in your wallet using mew interfact are not stored in mew. but they are stored in your wallet and in your private key.. now about safety of using mew. yes it is safe. it provides you a lot of possiblities to load your wallet. it always gives you the warning to not load the wallet using your private key. always use ledger, metamask or a third party tool to load your wallet. so yes. mew is very safe I use MEW only for transactions but it also depends on each one because now to send ETH or tokens, there can be many things including applications, but at the core, your private key, SEDD, is the most important phrase you keep safe because only you are the one who know about then i think it's very safe. As @ATriz said now a lot for ETH storage from Ledger, Trezor etc depending on which one you prefer but all of that very secure and we only differentiate which interface is preferable.
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Text
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February 20, 2021, 01:32:52 AM |
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I've never use mew wallet before but if it's an online wallet stay away because they can easily get hack it better to use mobile wallet that gives users their private keys or recovery seeds do not use any online wallet that operate with username and passwords also if you can afford the money it is better to buy hardware wallet there are hundred percent safe unless you reveal your private key for the hardware wallet
since 2018 have kept huge amount of ETH in my trust wallet and nothing happened to my assets so mobile wallet is a good choice too if you can keep your private keys very safe
MEW is also an online wallet. I use it as my first wallet for ETH and ERC20 tokens way back in 2017 and until now using it for storing some of my funds. Your wallet will not get hack if you know how to keep it safe and protected especially the keys and seed phrases. Being victimized by phishing sites or fake sites are those accounts getting hacked. And now, you are right about the Trust wallet which I also used more often. Because it supports almost all coins, tokens, erc20, Tron smart contracts and etc.
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Ridwan Fauzi
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February 20, 2021, 03:09:20 PM |
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Actually depend on you, if you store all access to open your MEW secretly then your asset will be safe there. There are at least four ways to store your asset in MEW and I think just only one that will be safe, you can use hardware wallet to store your coin. Yeah hardware wallet is really recommended to store our asset because just only us who will know all stufd to access our wallet.
Because if you use sofware wallet as an example, this way using private key that you have to save this prikey secretly. When you save the prikey in your pc even your phone then there still a change for hacker to hack your pc/phone and take your prikey to access you MEW wallet and I think this is not recommended to you. Also, I haven't seen a case that the MEW wallet has been hacked.
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Quidat
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February 20, 2021, 11:55:59 PM |
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I've never use mew wallet before but if it's an online wallet stay away because they can easily get hack it better to use mobile wallet that gives users their private keys or recovery seeds do not use any online wallet that operate with username and passwords also if you can afford the money it is better to buy hardware wallet there are hundred percent safe unless you reveal your private key for the hardware wallet
since 2018 have kept huge amount of ETH in my trust wallet and nothing happened to my assets so mobile wallet is a good choice too if you can keep your private keys very safe
MEW is also an online wallet. I use it as my first wallet for ETH and ERC20 tokens way back in 2017 and until now using it for storing some of my funds. Your wallet will not get hack if you know how to keep it safe and protected especially the keys and seed phrases. Being victimized by phishing sites or fake sites are those accounts getting hacked. And now, you are right about the Trust wallet which I also used more often. Because it supports almost all coins, tokens, erc20, Tron smart contracts and etc. You are definitely right on what you had said that MEW is safe as long you do know how to keep those keys in safe place or out from other people. Im using this since i get involved in crypto market and on the time with ICO too where most airdrops are erc20 which i didnt lost a single coin that i have received even up to now.I do keep those keys on safe place offline and some are on an usb drive.Trust wallet is also a good option too and ive been using both things which i can recommend.
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carlisle1
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February 21, 2021, 02:12:18 AM |
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One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.
Never Let Big amount stays in Wallets that you don't Own your Private keys so it is not that safe either. Why not instead of MEW use a LEdger wallet that you can be 100% sure of being safe. and besides if you have big amount of currencies/tokens then better diversify them all to multiple wallet for more safer hiding , at least if one chance you become a target of hackers then at least only one of your funds will be at risk.
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Miaallen
Member
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February 21, 2021, 03:39:32 PM |
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Mey Ethereum wallet is safe and secured but when it comes to saving huge digital assets, it is advisable to use paper wallet or hardware wallets.
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darthflux
Jr. Member
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Activity: 77
Merit: 5
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February 22, 2021, 03:57:42 AM |
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Sorry but I don't recommend MEW, It's been 3 times that my MEW has been hacked. At first, I thought there is malware on my computer, and my account has been breached. But even I reformat my pc and register for a new MEW wallet it still been hacked. Much better to used trustwallet or metamask. Even huge amount is secured with trustwallet and metamask.
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ultrloa
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February 22, 2021, 12:29:08 PM |
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Mew have warning that this is not recommended to use if you want to access them by their private key method so you are prone for hacking if you choose that option so better find another alternative like metamask or invest on ledger since this is more safer if you want to store your tokens.
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LastKiss
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SOL.BIOKRIPT.COM
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February 22, 2021, 01:34:30 PM |
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One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.
How much is it ? more than 10k$ worth in token ? Try to buy hardware wallet to make sure your funds is safe but as always there's no safe storage if you can't take care of it from phishing or something that make you share your private keywords.
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Rana590
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February 23, 2021, 05:27:29 PM |
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I'm using MEW for a long time. It is safe and secure but you if want to store huge amount of money then you can select hardware wallet. Because hardware wallet is muvh more secure than paper wallet.
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CryptoYar
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February 23, 2021, 05:37:27 PM |
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One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.
It is safe as long as your private key is not stolen. It's better to choose a hardware wallet that is considered to be even more safe and secure. Hardware Wallets - BitBox02
- Coldcard
- KeepKey
- Ledger Nano S
- Trezor Model T
- Trezor One
hardware wallets
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Matimtim
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April 14, 2021, 12:40:30 AM |
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One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.
I think myetherwallet is safe to hold even big amount of ethereum just be careful in your private key if you are going to hold a big amount of ethereum there, maybe its better to put it in hard drive like external hard drive to secure it from hacker.
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kotajikikox
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April 14, 2021, 08:03:48 AM |
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One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.
There are Hacking happens in My Ethereum Wallet in the past and I know these become a Bad record for MEW users, But after those the Team created a tighter and safer environment and now I'm sure that you can use this freely and safer. But of course be aware of the Fake sites because there are some Phishing sites created like MEW platform so make sure that you will Not fall as a victim and will Blame the legit site in the end. Don't say that i did not warn you.
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leea-1334
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April 14, 2021, 01:40:38 PM |
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MEW is safe,,, people who run into trouble with it usually have compromised browsers then any app you use especially web ones are basically all leaking your password.
Never tried the app itself now am just stuck on Metamask extensions. The easiest thing to use and I do not see why anyone would change.
But question is answered. MEW is safe as it gets.
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Hamphser
Sr. Member
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Activity: 2604
Merit: 339
Vave.com - Crypto Casino
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April 14, 2021, 09:34:58 PM |
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MEW is safe,,, people who run into trouble with it usually have compromised browsers then any app you use especially web ones are basically all leaking your password.
Never tried the app itself now am just stuck on Metamask extensions. The easiest thing to use and I do not see why anyone would change.
But question is answered. MEW is safe as it gets.
Dont have any problems on using MEW since ive been using this through ages. As long you do know; -Keep those keys out of others awareness -Dont tend to leak it out via downloading randomly in the net which would result into malware. -Dont rely on google search results- you might get phished. -Always ask out if there is some hesitation towards your decision. Wallet could really be safe if you are really that sensible and responsible.
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santiPOGI
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April 15, 2021, 04:20:14 AM |
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One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.
Even the majority of the member here in the forum said it is not safe anymore, I think I am not the only one believe on this matter. Because until now I am still using mew for a couple of years and yet so far I don't encounter any such suspicious things using it. Maybe for others it is not safe because some are not careful and became neglectful in keeping their private key something like that.
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TheUltraElite
Legendary
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Merit: 1340
Just crossed LEET number of Merits!
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April 15, 2021, 05:14:52 AM |
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Even the majority of the member here in the forum said it is not safe anymore, I think I am not the only one believe on this matter. Because until now I am still using mew for a couple of years and yet so far I don't encounter any such suspicious things using it. Maybe for others it is not safe because some are not careful and became neglectful in keeping their private key something like that. Most of them have been trapped by phishing scams and their money stolen. Because of lack of knowledge on their part they put the blame of MEW being not safe. However this could be prevented by some steps which veteran users already know. You cant help them if they dont take the advice. Using a bookmarked MEW website, using the Metamask addon on your browser - these two steps take a long way for saving a user from being robbed. Additionally keeping their private keys safe and they should be all good to use MEW as a wallet. Still if someone is very concerned, I suggest them to use a hardware wallet.
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leea-1334
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April 15, 2021, 05:57:37 AM |
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Dont have any problems on using MEW since ive been using this through ages. As long you do know;
-Keep those keys out of others awareness -Dont tend to leak it out via downloading randomly in the net which would result into malware. -Dont rely on google search results- you might get phished. -Always ask out if there is some hesitation towards your decision.
Wallet could really be safe if you are really that sensible and responsible.
This is exactly what I was pointing out in my response yesterday and people need to understand this when using anything online,,, not just a crypto wallet. The cryptography and security of the blockchain has not been hackable yet. At least not for ETH and not for BTC. But if you have very poor security as a user online (Google search is the worst habit of all),,, then you always get hacked.
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April 15, 2021, 06:12:49 AM |
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I used to say MEW was safe when my wallet account had not been compromised. But just 2 weeks ago when my tokens were stolen, I can't say it's safe anymore. Maybe you're saying it's still safe because it hasn't happened to you yet. I understand that I have not been very careful to access it online using a web browser using my private key even though I know this method is not recommended but I continue so it's my fault. This wallet is most prone to hacking ...
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krky
Member
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Activity: 178
Merit: 10
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June 21, 2021, 02:09:20 PM |
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There are lots of scams targeting MEW ERC20 wallets and coins. Be careful, If it sounds too good, Do your research and find reviews and others people's experiences. Don't fall into the trap of "guaranteed mining results." GPU mining can be very profitable if done correctly.
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