If you're an Ethereum holder or investor, odds are you've heard of myetherwallet. It is certainly one of the most used and secure wallets for storing your Ether. However, there are still some precautions that need to be taken in order to protect your Ether stored on MEW. Let's look at some best practices for protecting your MEW wallet.
Secure Your Private Key
Your private key is the most important bit of information related to your MEW wallet. It should not be shared with anyone, including friends and family members. If someone else has use of your private key, they could access and seize control of all of the funds in your wallet without your permission. Make sure to keep this information safe and secure by writing it down on an item of paper or other physical medium, or store it in a password-protected digital file such as a USB drive or hard drive.
Back Up Your Wallet
It can be very important to back up your wallet often so that if something happens to it, like a computer crash or virus attack, you will have all the information needed to revive it quickly and easily. To back up your wallet, simply export the private keys connected with it by visiting the "Backup" page within MEW's web interface. This will develop a backup file which then you're able to store securely offline in case something happens to your original wallet file.
Enable Two-Factor Authentication (2FA)
Another good way to protect yourself from online threats is by enabling two-factor authentication (2FA) for almost any accounts related to MEW. Which means that each time someone attempts to login into an account linked with MEW, they would have to enter both their username and password along with provide a second kind of identification such as for example an email address or telephone number in order for usage of be granted. Enabling 2FA can help add another layer of protection against unwanted attempts at accessing user accounts and stealing Ether stored on them.
myetherwallet is among the safest ways out there for storing Ethereum tokens, but you can find still some measures that every user should take to be able to ensure their Ether remains secure while by using this service. By following these tips—such as for instance securing their private key, copying their wallet often, and enabling two-factor authentication—users can be assured realizing that their funds are properly protected while they choose MEW's services!