Top 10 Web Crypto Wallets of 2019

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Top 10 Web Crypto Wallets of 2019
While there’s a whole myriad of alternatives for storing your cryptos online, we decided to help you limit the scope with a review of the top 10 web wallets of 2019.
Top 10 Web Crypto Wallets of 2019

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Source: CoinSpeaker

Bitcoin [BTC] and Ethereum [ETH] can be exchanged for Euros or Swiss Francs on MyEtherWallet

MyEtherWallet unveiled a fully regulated crypto-to-fiat withdrawal system without the need for a Know Your Customer [KYC] system, in yet another development that reflects the optimism in what has largely been a bearish cryptocurrency market over the past year.
Kosala Hemachandra, the CEO and Founder of MyEtherWallet stated,
“This Exit-to-Fiat gateway is a game changer for cryptocurrency users around the world because it allows people to exchange crypto to fiat without needing to be KYC verified.”
MyEtherWallet will allow cryptocurrency holders to exchange cryptocurrencies such as Bitcoin [BTC] and Ethereum [ETH] for Swiss Francs [CHF] or Euros [EUR]. According to reports, users will be able to transfer cryptocurrencies up to $5000, without going through the KYC process.
The exchange achieved the KYC-less process by partnering with Bity. MyEtherWallet’s official handle tweeted,
“We are thrilled to announce a new integration with our long-time partner @bity :A #KYC -less Exit-to-#Fiat gateway that allows MEW users to exchange #Bitcoin or #Ethereum to Swiss Francs or Euros seamlessly inside the wallet.”
Bity’s integration allows seamless integration of the KYC-less system with MyEtherWallet. Officials from Bity also confirmed that the technology and the partnership could “verify proof of wallet ownership.” This feature allows users to confirm their identity, without having to reveal personal information. The CEO of Bity, Alex Roussel said,
“Our technology…will finally open doors for users to access a cryptocurrency exchange service that is KYC-less, yet regulatory compliant.”
MyEtherWallet also said that security and trust is a key aspect of the partnership, something highlighted in the company’s official blog. It read,
“Bity is able to offer this kind of KYC-less Exit-to-Fiat gateway because it is compliant with the Swiss Anti Money Laundering Ordinance (AMLA). This, along with technology that helps verify proof of wallet-ownership, allows Bity to realize the friendliest kind of user experience — frictionless, secure AND regulatory compliant.”
The post Bitcoin [BTC] and Ethereum [ETH] can be exchanged for Euros or Swiss Francs on MyEtherWallet appeared first on AMBCrypto.
Source: AMB Crypto

MyEtherWallet Users Targeted with Phishing Email Scam

According to a post from the official MyEtherWallet’s Twitter account, reports suggest that users of the popular Ethereum network interface have been targeted by a phishing email. The fraudulent correspondence requests users give up personal information that could put their crypto holdings at risk of theft.
The email details a supposed security breach that occurred during January 2019. Affected users are requested to sign in to their wallets using their private key or seed phrase and in doing so are handing over this highly sensitive information to the attackers.
MyEtherWallet Users Urged to Stay Vigilant Over Security
In a Tweet from earlier today, the team behind the MyEtherWallet (MEW) Ethereum blockchain interfacing program alerted users to a phishing email that attempts to trick people into disclosing their private keys. The Tweet contains a screen shot of the email itself.
It states that MyEtherWallet fell victim to a DNS attack during January of this year. According to the fraudulent email, only MEW users accessing their wallets using either their private key or seed phrase were impacted by the attack.
Those users affected are requested to visit the website and download their Keystore file. They are then encouraged to reply to the email requesting further guidance on securing their wallets. The fraudulent correspondence concludes with the stark warning:
“If you do not update and secure your wallet, you are running the risk of losing your funds stored on your wallet.”

Attention #MEWfam,
There's another phishy email going around asking users to give up personal information. Don't believe the hype!
#1. We will never email you first (only reply to support). #2. We will never ask for your private key (or other sensitive info).#3. Be skeptical! pic.twitter.com/654TLIt5ar
— MyEtherWallet.com (@myetherwallet) February 4, 2019

In the Tweet alerting users to the scam, MyEtherWallet offered advice to help people to avoid falling victim to phishing attacks when using the Ethereum blockchain interface. Users were reminded that MyEtherWallet will never email first – only in response to support requests – and they never ask for private keys or seed phrases. Finally, users are advised to always exercise caution when faced with requests for such sensitive information.
One Twitter user responded to the announcement, commenting on the underhand tactics used by those behind the phishing email scam:

Jesus that's dirty.
— Arseniy Ivanov (@freeatnet) February 4, 2019

The scam draws on previous MyEtherWallet security compromises to give it an air of legitimacy. A similar DNS attack to that detailed in the email occurred last year against the blockchain interface program. Many of those unlucky enough to fall victim to the security issue last April found that the Ether and other tokens stored using the MEW service were stolen by those behind the attack.
This is the second such phishing attack against a popular cryptocurrency service provider already this year. In the previous example, users of the peer-to-peer Bitcoin trading website LocalBitcoins were directed to a phishing website from the official forum where their login credentials were stolen. This caused the service to temporarily disable its compromised forum. However, many users had their wallets emptied before action could be taken. The precise figure of stolen funds is unknown but it is believed to be in excess of $28,000.
 
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The post MyEtherWallet Users Targeted with Phishing Email Scam appeared first on NewsBTC.
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