If you're an Ethereum holder or investor, chances are you've heard about myetherwallet. It's certainly one of the most popular 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 main little bit of information linked to your MEW wallet. It shouldn't be distributed to anyone, including friends and family members. If someone else has usage of your private key, they can access and take control of all funds in your wallet without your permission. Be sure to keep these records safe and secure by writing it down on a bit of paper or other physical medium, or store it in a password-protected digital file like a USB drive or hard drive.
Back Up Your Wallet
It is also very important to back up your wallet often so that if something happens to it, like a computer crash or virus attack, you could 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 may produce a backup file which you can then store securely offline in case something happens to your original wallet file.
Enable Two-Factor Authentication (2FA)
Another good way to guard yourself from online threats is by enabling two-factor authentication (2FA) for just about any accounts related to MEW. This means that everytime someone attempts to login into an account related to MEW, they would need to enter both their username and password as well as provide another kind of identification such as for example an current email address or telephone number 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 one of many safest ways on the market for storing Ethereum tokens, but you can find still some measures that every user should take in order to ensure their Ether remains secure while using this service. By following these tips—such as for example securing their private key, burning their wallet often, and enabling two-factor authentication—users can be confident realizing that their funds are properly protected while they choose MEW's services!