- The level of security that you need.
- The other currencies that you will be investing in or trading.
- Convenience? How quickly you need to trade?
- Compatibility – They need to be compatible with different operating systems.
- Backup and security – They should have backup and restore features.
- Development community – They need active development community.
- Ease of use – Clean and slick UI for ease of use.
- Private keys –You need wallets where you control your private keys.
- Trezor (Hardware Wallet)
- Ledger Nano S (Hardware Wallet)
- Jaxx (Mobile Wallet)
- Exodus (Desktop Wallet)
- MetaMask(https://metamask.io/) (Desktop Wallet)
- Mist(https://github.com/ethereum/mist/releases/) (Desktop Wallet)
- Coinbase (Web Wallet)
- MyEtherWallet(https://www.myetherwallet.com/) (Web Wallet)
- KeepKey (Hardware Wallet)
- ETHAdress(https://ryepdx.github.io/ethaddress.org/#/) (Paper Wallet)
- Atomic Wallet
The Top 10 Best Ethereum Wallets AvailableBuy Trezor Now
Ledger Nano S(Hardware Wallet) The Ledger Nano S comes with both the Ethereum and Ethereum Classic apps. This popular hardware wallet offers up support for Ether, Litecoin, Bitcoin and various alt-coins. It also supports multiple addresses for each currency within a single device. This wallet is not all that expensive when looking at what you get in return. The Ledger Nano S uses a PIN and a physical button to confirm transactions, which means that this wallet is highly secure against malware such as Adylkuzz. The Nano S also supports backups, and user-created software. It even supports FIDO Second Factor authentication for GitHub, Dropbox, Google, and more. Here, Ether is stored offline on the device, and whenever you want to spend Ether, Ledger S signs it using the private key stored on the device. The device comes with an in built display, which makes checking and confirming of transactions better for users. It supports Ethereum out of the box, without the need forcustom software or third-party plugins. Ledger Nano S comes with a strong security that secures users private information, and the security is so robust that Nano S device can be used even on a hacked computer. Buy Ledger Nano S
Jaxx(Mobile Wallet) Jaxx is a multi-asset wallet that supports 13 cryptocurrencies (including ETH). The wallet was created by the Canada-based company, Decentral (http://decentral.ca/), and has an elegant design with robust security features. Jaxx also allows its users access their wallet without having to do any form of verification- Also, your private keys are safely stored on your machine and are never shared with Jaxx’s server. Jaxx has an awesome development community that looks after maintenance and innovation of the wallet. Jaxx is accessible on all platforms – Linux, Windows, Mac OS, iOS, and Android. It is important to note that Jaxx is also launching hardware wallet in coming months.
Exodus(Desktop Wallet) Exodus is the world’s first multi-cryptocurrency desktop wallet, and also the first desktop wallet to have ShapeShift built in for exchanging cryptocurrencies. However, one needs to always be connected to the internet while using Exodus. However, you need not worry as your private keys never leave your machine. This wallet features beautiful design and an intuitive interface. A pie chart will show your entire portfolio of coins as soon as you open the Exodus wallet. Its aesthetically-pleasing UI is easy to use. This makes Exodus super user friendly for both crypto experts and beginners alike. Features like backup seed keys for restoring your wallet and one-click email recovery ensure the security of your funds. Exodus supports seven cryptocurrencies (including Ethereum, Bitcoin, Litecoin, Dash, etc.) It is built for Windows, Mac, and Linux. Exodus is an independent wallet that stores the private key on your machine and not on any external server, which means that you have full control (and full responsibility) for your coins. Download the Exodus wallet
MetaMask (Desktop Wallet)MestaMask is one of my favorite Ethereum wallets, and it is like a browser to access the Ethereum network. MetaMask is more than just an Ether wallet, and it not only enables you to store and send Ethereum, but also allows you to access decentralized Ethereum apps. It allows you to interact with Dapps and Smart Contracts, and all without the need to install any software or download the blockchain. You can just install it as a Google Chrome Extension! MetaMask features an intuitive design where you can quickly switch between the main Ethereum network and a test network. When we talk about privacy, it is important to note that no registration or personal information is needed. The private keys are password encrypted. They are stored on your machine, which you can export at any time. MetaMask is built for Firefox and Chrome extensions.
Mist (Desktop Wallet)Mist is the official Ethereum wallet, and is also a wallet client that supports multisignature addresses. This can be quite convenient for advanced users. It is important to note that it does require you to download the entire Ethereum blockchain. This can be a bit of an issue for people using computers with less free hard disk space. When Mist is installed, it takes a while to get started because it synchronizes with all Ethereum nodes. After the sync is completed, it prompts you to set a secure password, which you are required to remember. If you forget this password, there is no other way to access Mist. After that, the process is pretty typical as in any other wallet, and in the wallet, you will have access to a pair of public and private keys to perform transactions. Your private keys are on the device itself, which means that you don’t need to worry about security. Supported platforms are Windows, Linux, and Mac. Mist also has ShapeShift built in. This allows you to exchange other currencies.
Coinbase (Web Wallet)Coinbase’s wallet is simple to set up and very easy to use, and is one of the most popular Bitcoin web wallets. Coinbase has served 8.2M customers in more than 32 countries and has appeared in major publications such as Bloomberg and Time. Coinbase has also included Ethereum support this year. One important thing to note is that they do not support Ethereum Classic (ETC). Coinbase is a well-established option that offers instant currency conversions, recurring investments, and multi sig support. It is a cheap and fast way of storing Ethereum, and Coinbase’s mobile wallet is available on Android and iOS. Follow these steps to use Coinbase:
- Register at Coinbase, and once you open a Coinbase account you’ll immediately see an ETH wallet appearing under the “accounts” tab.
- Click on “wallet address” in order to get your Ethereum public address.
- Transfer your ETH to the wallet’s public address.
- Store ETH on Coinbase.
MyEtherWallet (Web Wallet)MyEtherWallet is an open-source client-side wallet that does not rely on third-party servers to operate. Instead, everything takes place on the user’s computer. This means the service will always be accessible. You can create secure paper wallets for your ether holdings by running MyEtherWallet on an offline computer. MyEtherWallet is different from other traditional web wallets because no one is controlling your Ethereum balance other than you. It has an inbuilt BTC to ETH (and vice-versa) swap facility, and you can also connect your Ledger Nano S (Ledger Nano S) or Trezor (Trezor) to access your funds in MyEther’s browser environment. MyEtherWallet also has a Chrome extension (MyEtherWallet) in beta. This feature adds a better user interface for sending and receiving transactions. If you’re unsure about how to backup a wallet, they do offer a tutorial (https://myetherwallet.groovehq.com/knowledge_base/topics/how-do-i-save-slash-backup-my-wallet). MyEtherWallet is a great option if you need to create a quick wallet.
KeepKey (Hardware Wallet)KeepKey costs $120 and is the most expensive Ethereum hardware wallet available. It sports a sleek design with a well-illuminated screen. KeepKey has a larger screen than its other two competitors. It is also a bit heavy (i.e. not easy to carry around). KeepKey supports most major coins besides Ethereum including Bitcoin, Dogecoin, Dash, Namecoin, and Litecoin. It works on major operating systems including PC, Android, Mac, and Linux. It is important to note that Keepkey allows a direct exchange of assets with the use of ShapeShift. KeepKey’s plastic body makes it vulnerable to damage if it is accidentally dropped. However, if you like its interface, it may be the right wallet for you.
Atomic WalletIf you’re looking for a handy and secure way to store Ethereum, Atomic Wallet is the perfect option. This wallet offers a lot of useful features, such as support of more than 300 coins and tokens, built-in exchange and Buy crypto options, Atomic Swaps and much more. At the moment you can enjoy Atomic Wallet on Windows, MacOS and Linux, and mobile apps for Android and IOS will be released in October. In addition, Atomic Wallet has a strong growing community, while the project team constantly improves the wallet and adds new features through weekly updates. Check the list of the most important Atomic Wallet features:
- Private keys are stored on user’s device and generated from mnemonic.
- Built-in Buy Crypto with credit card option, provided by Simplex
- Weekly updates with new coins, tokens and useful features
- Atomic Swaps option for exchange with low fees
- Custom token feature — you can manually add any ERC20 token in seconds
- Instant exchange via Changelly and Shapeshift
- Affiliate program for each Atomic wallet user with Atomic Wallet Coins payments
- Instant 24/7-live support
ConclusionAs you can see, there are several Ethereum wallets for a user to decide. These wallets perform similar functions, so it’s very important only to choose the wallet that is not complicated, easy to use, that has more security functions and comes with the best reviews from other users. It is important to note that Ethereum is still pretty young in the market (only 3 years old) and it’s not as popular as Bitcoin (yet), so the wallet ecosystem has very limited options right now. However, since Ethereum’s price is on the rise lately I guess new Ethereum wallets will be available for each type of user.
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