Cryptocurrency is becoming increasingly popular and Myetherwallet (MEW) is one of the most used wallets. With its simple user interface and intuitive design, it’s no wonder that users are drawn to this wallet. However, having an MEW account also means you need to protect it from theft or loss. One way to do this is by creating a backup of your MEW account so that you can access your funds even if something happens to your device or wallet. Here’s how you can create a backup of your MEW account in 6 simple steps.
1. The first step is to generate an Ethereum private key using the Seed Phrase provided by MEW when you created your wallet. To do this, open up the Keystore/JSON File tab in the upper right corner of the main menu, select “Create New Wallet”, then enter your password twice before selecting “OK”. Once your seed phrase appears on the screen, write it down on paper and store it somewhere secure – preferably in multiple places (it should have 12 words). This seed phrase will be what allows you to recover your wallet if something happens to it.
2. Now that you have written down and stored your seed phrase securely, it’s time to encrypt it for extra security. To do this, open up the “Encrypt/Decrypt” tab located in the main menu and enter your seed phrase into the text box provided before entering a strong password twice and clicking “Encrypt”. This will generate an encrypted version of your seed phrase which can be saved as a .txt file or simply copied and pasted into any document editor like Notepad or WordPad for safekeeping. It is important that you remember this password as well since it will be necessary for decrypting the encrypted file later on if needed.
3. Next, create a new folder on an external drive or cloud storage service like Dropbox or Google Drive where you will store all of your important files related to MEW including the encrypted file containing your seed phrase as well as any other sensitive data such as transaction receipts, etc… This folder should be given an easily recognizable name like “Myetherwallet Backup” so that you can easily find it in case you ever need access to its contents again in future years!
4. Finally, make sure that all of these files are synced across multiple devices (i.e., desktop computer/laptop computer) so that they are always backed up no matter where you are located geographically speaking at any given moment! This ensures that even if something happens with one device or location – such as natural disasters – then another device with access to these files should still remain intact enough for recovery purposes! Additionally, make sure these devices are equipped with some sort of antivirus software so as not to attract malicious attacks which could potentially lead directly towards theft!
5. It is also recommended that users periodically check their backups from time-to-time just like they would when manually downloading data from their bank accounts! Doing so ensures they always have access to their original funds without having too much difficulty reestablishing connections within their wallets after a long period of time away from them 🙂 Additionally checking backups will help catch any discrepancies between local copies versus cloud versions which could lead towards further security risks!
6. Lastly – always remember to keep these passwords safe & secure either through memorization or writing them down on paper somewhere secure (preferably both)! In order for somebody else to gain access into someone else’s wallet they’d need both pieces – Private Key + Password – making them two very essential components within MEW’s infrastructure system!
Conclusion:
Creating a backup for yourMyetherwallet account is essential for keeping all funds safe from potential threats online including theft or loss due to hardware malfunctioning issues or even natural disasters occurring close by! By following the six steps outlined above users can ensure maximum protection over their wallets while simultaneously being able to recover them whenever needed with ease; whether days weeks months or even years later! So don’t wait any longer – start backing up today & experience peace-of-mind knowing all funds remain properly safeguarded 24/7
Thank you for taking the time to learn more aboutMyetherwallet and how to safely backup your account. We hope this article has been helpful and informative for those looking to protect their digital assets! Be sure to stay up-to-date with any new features that are added & always practice caution when it comes to managing funds online!
