It’s important to find a secure and best ethereum wallet to ensure the safe storage of your tokens, Ethereum with the second-largest market cap after bitcoin is one of the world’s most widely traded crypto currencies. However, if you’re planning on buying and holding any ETH. There’s an extensive range of Ethereum-compatible wallets available, so the challenge is sifting through them all to find one that suits you. So, what are some of the best options when it comes to best ethereum wallet? Read on to find out.
TREZOR best Ethereum wallet
TREZOR was the first hardware wallet developed for bitcoin storage, so it’s a well-established offering, but it now provides support for Ethereum as well. In fact, it also supports all other ERC20 tokens on the Ethereum network, as well as Ethereum Classic (ETC), Litecoin (LTC), Dash (DASH), Zcash (ZEC), Bitcoin Cash (BCH) and more.
To control the Ether stored with your TREZOR, you’ll need to use an Ethereum web wallet. If you want to create, deploy and interact with smart contracts, you’ll also need to use MyEtherWallet in conjunction with your hardware wallet.
The biggest advantage of this wallet is its security. Offline wallets already have an advantage over online wallets or those stored on a PC or mobile device, but the TREZOR also offers a wide range of other features to secure your Ethereum holdings. These include 2-factor authentication, advanced cryptography and a screen that allows you to check essential transaction details before you confirm.
However, there are a couple of downsides, the first of which is that it can be a little more fiddly and time-consuming to access your holdings, so it may not be a convenient storage option if you’re a regular trader. The other factor is the cost – at the time of writing, a TREZOR hardware best ethereum wallet would set you back about $110. That’s not a small amount of money, but it could be well worth it if you’ve got a large amount of ETH to store.
KeepKey best Ethereum wallet
KeepKey is another USB hardware best ethereum wallet that supports Ethereum and also allows you to store bitcoin, Litecoin and a handful of other cryptos. Launched in 2015, KeepKey is a hierarchical deterministic (HD) wallet with an attractive design and a long list of security features.
Because it’s an HD wallet, you can generate and store an unlimited number of private keys. Every transaction you make using your KeepKey must be reviewed and approved via the device’s OLED display and confirmation button, providing an extra layer of protection, while you can also set up a PIN code and recovery sentence during setup.
The setup process is simple and straightforward, and you’ll need to download two Chrome applications – the first generates a wallet and the second allows you to connect to KeepKey through Chrome. The user interface is easy to understand and, while it’s not really all that important, the design of the KeepKey device itself has been well received.
As for the drawbacks, KeepKey is still a relatively new company, so it doesn’t have as many “runs on the board” as other hardware best ethereum wallet offerings. It also tends to retail for north of the $155 mark, so you’ll need to be willing to cover this upfront cost if you choose this as your Ethereum storage option.
MyEtherWallet is a free, open-source, client-side interface
MyEtherWallet best Ethereum wallet
MyEtherWallet is the web best ethereum wallet with a difference. While most online wallets control your private keys, MyEtherWallet allows you to store your Ethereum key on your own computer rather than on third-party servers. This offers an increased level of security when compared to some web wallets and is a key reason why this open-source wallet is so popular in the Ethereum community. However, it also means that you’ll need to remember to safely back up your wallet on a regular basis.
You don’t need to provide any personal information to create a wallet, and MyEtherWallet offers the handy feature of being able to write and access smart contracts. It also offers integration for hardware wallets like the Ledger Nano S and TREZOR, allowing you to manage your Ether in MyEtherWallet’s browsing platform.
Other features include a built-in ETH to BTC swap facility and support for Ethereum Classic and any other ERC20 token on the Ethereum platform.
However, some users of MyEtherWallet have reported being targeted by phishing attacks and hackers, so you’ll need to remember to take security precautions when using this free platform.
Atomic best Ethereum wallet
Atomic Wallet has a highly-explanatory, intuitive and well-labeled user interface that might make it the perfect option for a beginner who wants a single wallet to hold all their ERC20 tokens. You can also exchange Ethereum, and many of these ERC20 tokens, directly through the wallet thanks to built-in ShapeShift and Changelly support.
The end result is a wallet that can put a powerful set of features in the hands of even a complete beginner. If you want to get up and running in just a couple of minutes flat, and then jump right into a highly-usable wallet that can make anyone feel like a pro, this might be the best ethereum wallet for you.
Mist best Ethereum wallet
Mist, which is sometimes also referred to as the best ethereum wallet, is the official Ethereum wallet. It’s designed to offer safe and simple storage of ETH and any other token on the Ethereum block chain, and because it’s built and backed by the developers behind Ethereum, it’s widely regarded to be a secure wallet option.
Signing up for this free wallet is a quick and straightforward process that doesn’t require you to provide any personal information or ID. You’ll also need to create a strong password – just make sure you don’t lose it, as it’s the only way you can access your wallet.
Another benefit of Mist is that it allows you to retain control of your private keys, which are stored on your computer. Shape Shift is built in to allow for fast currency exchanges, while smart contract support is also included.
However, a desktop wallet is never going to be as secure as a hardware wallet, and there’s also the fact that some other wallets have simpler, more attractive user interfaces. If you’re new to the world of crypto, it might take you a little while to understand how this wallet works.