Someone asked me in my last post, if the wallet is secured and cannot be hacked.
My response is, it is secured and cannot be hacked because unlike most wallets, you do not create a wallet on the LocalEtherWallet servers. Instead, you create your wallet on your computer and all your data is stored on your computer!.
So you are responsible for safely backing up your wallet(s).
Also, when you generate a Ethereum wallet using LocalEtherWallet.com, a private key for that wallet is generated as well. You then need to store that private key by downloading the .JSON file where the private keys are stored.
There is even a provision to help you download the .JSON file
There is an encrypted (Keystore) and unencrypted version of the file. The encrypted version is decrypted using a password. Both the private key and the password are stored in the Keystore file.
Check out the homepage:
https://localetherwallet.com
