As more and more people are getting into the world of crypto currencies, it is essential to know the very best practices for protecting your ether stored on MyEtherWallet. MyEtherWallet (MEW) is really a free, open-source, client-side interface that allows you to talk with the Ethereum block chain. It offers an easy way to create, send, and receive Ethereum tokens without relying on any third-party services or websites. However, it is very important to consider that although MEW is secure and reliable, you ought to still take steps to protect your Ether from potential threats. Let's take a peek at some of the greatest practices for protecting your ether stored on myetherwallet.
Generate Strong Passwords & Store Them Securely
The first step in protecting your Ether stored on MyEtherWallet is generating strong passwords and storing them securely. Don't use words that will easily be guessed or related for your requirements in any way; instead, go for random combinations of letters, numbers, and symbols. Additionally, be sure to store your passwords in a secure place – either write them down in a protected location or use a password manager application like LastPass or Dashlane which will offer extra security features like two-factor authentication.
Enable Two-Factor Authentication
Two-factor authentication (2FA) is one more layer of security that requires two kinds of identification before accessing your wallet – usually something you understand (your password) and something you have (your mobile device). This helps it be much harder for someone would you not have use of both pieces of information to gain access to your wallet. Enabling 2FA on MEW is easy – just get into the settings menu and select “enable 2FA” then follow the prompts provided by the app.
Backup Your Private Keys & Keep Them Secure
Your private keys are unique strings of characters used to get into your wallet; they need to never be distributed to anyone as they provide full access to any or all funds stored within it. It is also crucial that you back up your private keys so that you can restore access if needed – this can be done by exporting them from MEW onto a USB drive and other external storage device which will then be kept in a protected location far from prying eyes.
Ultimately, taking steps like generating strong passwords, enabling two-factor authentication and copying private keys will help in keeping your Ether safe when stored on MyEtherWallet. Remember that no system is completely foolproof so always practice good cyber hygiene such as regularly updating applications and maintaining strong anti-virus/malware protection on all devices connected to the internet. By following these best practices for protecting your ether stored on MyEtherWallet , you will make certain that your entire cryptocurrency transactions remain safe and secure!