One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.
I recently Installed the MEW app (ios) On my Phone and it is working perfectly well, According to security, it is like any other address provider saying that we do not have your keys,
"if you lost the password we cannot recover it", That is much because the hacker cannot retrieve the password from email or anything associated with your account but the most secure wallets are hardware wallets which are not attached to anything and far from the internet. I use MEW wallet for some tokens transactions and never had an error.
Regards
The password for the MEW wallet is actually the passphrase and if you lose that passphrase you will not be able to recover your coins forever. Also if someone get holds of your MEW Wallet passphrase , you will lose all your funds. Using MEW is 100% safe but at the same time you have to keep notes of these precautions.