Sure, that's a great way but I won't rely on external service to maintain my passwords. You never know what's happening in the background. That's a risk.
At least for MyEtherWallet using hardware wallets like Trezor etc. which have already integrated with the site could help in all ways. Hardware wallet is the way to go to keep ourselves safe from such scams. At least for cryptos we are safe from phishing if we start using these wallets for transactions.
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That's one of the reasons I prefer 1Password over LastPass. It's not an external service. It runs completely on your local device and only the encrypted password file is synced with dropbox (if you configure it that way, which I recommend you do).
And yes, I use my Ledger Nano S with MEW. It's quite nice. I held off on getting a hardware wallet for a long time (mostly used paper wallets), but now that I have one, I really like it.
Great suggestion. Thanks for that information. I will research more on LastPass and if it suites I will start using it as well.
Yes I did the same with paper wallets. Used my old smartphone as a QRcode reader which I kept offline always to read PK from paper wallets. Then create a file and transfer it to my PC for making a transaction.
I recently started using Trezor for online transactions if at all I have to do any. Make me feel safe and secure. I want a backup Hardware wallet but at least Trezor doesn't support importing the private keys (may be for security reasons). Does Ledger Nano S support importing of external private keys by any chance?
No, I was disappointed to find out that it did not. It just has the full backup recovery words and that's it. When I wanted to get my BCC/BCH off my paper wallets, I ended up using Electrum and Electron Cash and while moving stuff to my Ledger.