Seven Simple Things You Can Do Right Now To Tighten Your Crypto Security

Seven Simple Things You Can Do Right Now To Tighten Your Crypto Security

MyEtherWallet, Security
Seven Simple Things You Can Do Right Now To Tighten Your Crypto Security Once you complete a few crypto buys or trades you realize that it's not too difficult. Most of us start out slow, triple checking everything and making sure we're sending to the correct key. That's usually when security tends to slip. It all becomes familiar and you are too clever for someone to rip you off or hack you. There's a cryptosecurity breach in the news every day. Don't let the next victim be you.     Get our FREE how-to video series on cryptocurrency transactions Subscribe    Here are seven tips to get your basic security to where it should be   1. Choose a browser that is for your crypto trades only. Do not use…
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What Is MyEtherWallet?

What Is MyEtherWallet?

ERC-20, MyEtherWallet
What is MyEtherwallet? MyEtherWallet (MEW) is a web-based tool for creating wallets. MEW is not like a regular online web wallet. It's a client-side interface that accesses the ethereum blockchain. You store your information on your own computer or drive, not on MEW. This eliminates many of the security issues of an online wallet. As long as you keep several offline backups in different locations. You can only use it to interact with ethereum and ethereum based ERC-20 tokens/altcoins.   ERC-20 ERC-20 tokens exist on the ethereum blockchain and conform to a set of rules. These rules program the ethereum ecosystem functionality into the coin. That sounds complicated, but for the average user, all you need to know is that you can use MEW with many altcoins. You don't need…
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