Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Wallets => MyEtherWallet => Topic started by: Phu Juck on April 24, 2021, 05:17:55 PM
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It is very important to have your coins saved.
When you have coins but connected or stored in a online wallet and a hacker connects to your computer, he can steal your coins!
Solution is: try to avoid online wallet and instead only use paper wallet, here from MEW where you can really generate your keys offline where never a hacker can see your private keys because it is always generated offline. Note private and public key on paper, save it at a USB stick and never store it at your computer when it's online.
Always offline creation will give hacker no access to your private key:
MEW offline is even more safe compared to hardware wallet like Ledger or Trezor. At MEW offline, you are creating your private keys yourself and have full control about creating it. Nobody knows which person at Ledger created your private key and if he has noted your private key. Also, when sending a transaction you need to connect Ledger to your online device, if you re-use addresses and a hacker has connected before, you would need to generate completely new address.
Hardware wallet like Ledger also stores your data which is very bad for privacy. When Ledger personal data was hacked recently, many people were affected. No coins were stolen but personal data. Such accident can never happen at MEW because MEW is not a company, you personal data is never collected and never stored. Yourself has full control when creating an original MEW paper wallet. MEW paper wallet is real, encrypted Ethereum original code!
Someone made a tutorial about how to create a MEW offline wallet and he is expert for computer scientist. He really knows coding well and has made a great tutorial, first part is about creatin address: https://feest.io/generate-offline-ethereum-wallet/ (https://feest.io/generate-offline-ethereum-wallet/)
It is easy described step by step how you can create a MEW offline paper wallet.
Today, MEW looks a bit different but MEW offline is still available at GitHub. It will be even possible to create MEW offline paper wallet in 100 years offline MEW because it's based on MEW original code. It's 100% encoded Ethereum technology!!
You need only to make sure to save your keys offline on paper at a private location, where it's safe.
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To update my post, here's how you can download MEW from GitHub: https://github.com/MyEtherWallet/MyEtherWallet/releases
It's official MEW GitHub Account.