Getting started with Ethereum wallets is a confusing process.
Luckily, we’re making it easy to decide which Ethereum wallet is best for you.
Our guide breaks down the top ethereum wallets and by the end you’ll have a much better idea of which wallet to use.
1. Ledger Nano X
Secure storage for any crypto
Ledgers newest hardware wallet makes storing ETH easy without sacrificing security.
Easy to use ETH mobile wallet
ZenGo is a multi-cryptocurrency wallet for iOS and Android. It supports Ethereum.
3. Ledger Live
ETH & ERC20 desktop wallet
Ledger Live is the perfect software companion to Ledger hardware wallets. Get a great user experience without losing any security for your ETH.
Ether Hardware Wallets
A good Ethereum hardware wallet is crucial if you need secure storage for your Ether or ERC20 tokens. Usually, ETH holders will want to buy a hardware wallet if they are planning to hold onto their ETH for a long time, especially if they are holding large sums of money in ETH.
Below you can find a couple of the best hardware wallets on the market.
Ledger Nano X
The Ledger Nano X is the most popular hardware wallet for Ethereum and ERC20 token users.
It supports the most coins and has integrations with MyEtherWallet, making it easy to use the device to store, send and receive ether and ERC20 tokens. Ledger paired with MyEtherWallet is the most popular way to use Ledger for Ether.
TREZOR Model T
The TREZOR Model T is another hardware wallet, like the Ledger. It also supports storing ether and ERC20 tokens. It has the same integrations as the Ledger Nano S, and can be used with MyEtherWallet to send, receive and store ERC20 tokens.
It can also be used as a password manager for all of your online accounts, which is a nice added bonus.
Ethereum Desktop Wallets
Desktop wallets are wallets that are housed on your computer. The keys to your coins on stored on your hard-drive and are controlled by you.
That said, they are much less secure than a hardware wallet. Typically you only want to use a desktop wallet to make day to day trades on exchanges or to act as an interface to a hardware wallet.
Below are some of the best desktop wallets we’ve tested.
metamask is a very popular Ethereum wallet for desktop. It has received funding from the Ethereum Foundation and Consensys. It allows you to easily store Ether or ERC20 tokens.
There are a few issues to know about metamask though.
One is that by using metamask, nearly any website you browse can see that you have it installed and therefor understand that you are a cryptocurrency user and owner.
Also–this goes for all wallets–but there are many fake versions of metamask. Make sure you are downloading it directly from metamask’s website.
Ledger Live is the companion desktop wallet software for Ledger hardware wallet devices.
They provide an easy to use interface that works perfectly with your Ledger hardware right out of the box.
It is also totally free and is constantly updated to add new features, fix bugs, and improve user experience.
If you are holding Eth and want one of the better desktop wallets without sacrificing security, Ledger Live is a great choice!
Exodus wallet has become a very popular wallet in the cryptocurrency world. The main downside, though, is that its code is not open source. This means the wallet code has not been checked by devs from around the world and you have to place more trust in the Exodus developers.
Regardless, the Exodus wallet has a number of nice features. It supports a ton of coins so you don’t need to create a different wallet for each new coin you buy.
It also has a cool portfolio feature that allows you to see your crypto holdings in an easy to understand way.
Lastly, it has integration with ShapeShift which allows you to swap assets and coins from directly within the wallet.