Storing your ether with myetherwallet certainly one of the most used approaches to store and manage your digital assets. With MEW, you can keep complete control over your private keys, giving you usage of your funds at any time. Here certainly are a few best practices for protecting your ether stored on MEW.
Create Strong Passwords
When creating a password for the MEW wallet, it's important to generate one that's difficult to guess. The longer and more complicated the password, the better. Use a mixture of numbers, upper- and lowercase letters, and special characters to be able to allow it to be problematic for hackers or other people to guess it. Additionally, never use the same password twice so that when one site or account gets hacked, all of your other accounts will remain secure.
Enable Two-Factor Authentication (2FA)
Two-factor authentication is an additional layer of security that requires you to input one more code sent via text message or email once you have entered in your username and password. It adds an extra level of protection by preventing someone from accessing your account even though they've guessed or stolen your login information.
Secure Your Private Keys
Your private keys are what give you access to your funds on the blockchain network. It's essential that you keep these private keys secure at all times as whoever has access for them can move or spend funds from your own wallet without needing any longer authorization from you. Ensure that you never share them with anyone else and always store them somewhere safe but easy to get at as well such as on a USB drive or piece of paper stored in a secure place at home.
Use Multiple Wallets
It's also wise to disseminate the amount of ether stored in each wallet as opposed to storing all of it in a single place. In this manner if something were ever to happen where one wallet got compromised then not every one of the funds will be lost at the same time as some would still stay static in separate wallets which are hopefully secure enough not to obtain hacked into as well. You can even use hardware wallets such as Trezor or Ledger Nano S which offer added security features such as physical buttons which have to be pressed before any transactions take place in order to confirm them first before they're going through completely.
Protecting your ether stored on myetherwalletshould always be studied seriously if you intend to ensure that no-one ever gains unauthorized access and eliminates all those hard earned funds without permission! By following these simple best practices stated earlier such as creating strong passwords, enabling two-factor authentication, keeping private keys secure constantly, and utilizing multiple wallets for increased security purposes; anyone looking after their digital assets should manage to rest easy realizing that their Ethereum is safe from outside threats!