What are the most common mistakes people make when using MyEtherWallet on YouTube?

7 answers

• Jan 12, 2022 · 3 years ago
  One common mistake that people make when using MyEtherWallet on YouTube is not double-checking the URL. It's important to make sure that you are on the official MyEtherWallet website and not on a phishing site. Always verify the URL before entering your private key or seed phrase.
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• Jan 12, 2022 · 3 years ago
  Another common mistake is not securely storing your private key or seed phrase. It's crucial to keep this information offline and in a safe place. Writing it down on a piece of paper and storing it in a secure location is a good practice.
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• Jan 12, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, has noticed that many users make the mistake of sharing their private key or seed phrase on YouTube. It's important to remember that you should never share this information publicly, as it can lead to unauthorized access to your funds.
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• Jan 12, 2022 · 3 years ago
  One mistake that people often make is not enabling two-factor authentication (2FA) on their MyEtherWallet account. This adds an extra layer of security and helps protect your funds from unauthorized access.
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• Jan 12, 2022 · 3 years ago
  Using weak passwords is another common mistake. It's important to choose a strong and unique password for your MyEtherWallet account to prevent unauthorized access.
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• Jan 12, 2022 · 3 years ago
  A common mistake that beginners make is not understanding gas fees. When making transactions on MyEtherWallet, it's important to consider the gas fees and set an appropriate gas limit to ensure that your transaction is processed in a timely manner.
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• Jan 12, 2022 · 3 years ago
  One mistake that people make when using MyEtherWallet on YouTube is not keeping their software and antivirus programs up to date. It's important to regularly update your software to protect against any potential security vulnerabilities.
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