Best password encryption method

[chaitu11]

I use md5(), but what is better that md5

[JorgeM]

I believe you mean hashing instead of encrypting? There are other hashing algorithms such as SHA1 and SHA256 that would be considered stronger than MD5.

[chaitu11]

Thank you

Depends on which php version you're using. If 5.5, have a look here:

http://www.sitepoint.com/hashing-passwords-php-5-5-password-hashing-api/

Alternatively have a look at hash_hmac()

Available since version 5.1.2

As Jorge says - MD5 cannot be considered safe, even with a salt.

Yes using the crypt() function is probably the recommended course of action nowadays. It is supported in 5.3 I think which is what your servers should be on. It's pretty simple to use as well.