EOS is designed as a platform to develop decentralized applications (dapps). It is a user-friendly version of Ethereum. The native currency of the platform is called EOS tokens (EOS). As far as the market capitalization is concerned, it is also claimed to be among top 20 crypto currencies at the moment. If you’re planning of buying EOS, you’ll need to find a wallet that supports ERC20 tokens and provides easy, convenient storage. There are several options for EOS wallet but we’ve reviewed top 3 best EOS wallets. Let’s see what we have at this end.
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Features you must look for when choosing the best EOS wallet
If you want to choose the best EOS wallet for your EOS coins, you must consider following aspects before finalizing the wallet.
It’s basically an ERC20 token on the Ethereum blockchain, so you must choose a wallet that supports such types of tokens. However, keep in mind the fact that after the release of the EOS platform in 2018, the currency will move to its own blockchain.
Safety and security features
Whenever you decide about EOS wallet, you must make sure that it’s completely safe and secure to store your digital currency. What type of features wallet offers to protect you against fraud and scams? Look for features like 2 factor authentication, advanced encryption etc.
Control of your private keys
Private keys allow you to send and receive funds. You must look for an EOS wallet offering you full control over the private keys all the time.
Anybody can encounter issue at one or another time. Will your EOS wallet provider offer you 24/7 support? Will you get a quick response if you’re facing any issue? Does the support team respond to your queries quickly and promptly?
Try to choose an EOS wallet with a great team of developers at the back-end. They’ll continuously add new features to enhance the user experience. Besides, it’ll also help you stay protected against latest security threats.
Check the reviews
It is yet an important feature to finalize an EOS wallet. What people say about it? Do they recommend it to others? Are they satisfied with its features? Does it have any security flaws? Is it backed by a strong development team?
Best EOS wallets
Let’s cast a cursory glance at top best EOS wallets
1. Jaxx (mobile and desktop wallet)
It’s a great choice if you’re a newbie and want to store multiple crypto currencies. Features like compatibility and simple user interface makes it an ideal choice to store EOS tokens. It is compatible with Chrome browser extension, iOS and android smart phones and tablets, and Linux, Mac and Windows operating systems. To manage your private keys, you can use a 12-word “master seed”. So the backing up this master seed is essential if you need to recover your wallet.
Another great feature is that it supports more than 50 currencies including Litecoin (LTC), Bitcoin Cash (BCH), Ethereum, bitcoin and EOS.
Due to the availability of Shape Shift integration, you can easily exchange one crypto currency with another crypto currency.
However, the bad thing is that it doesn’t support 2FA.
2. My Ether Wallet (web wallet)
Simple set-up process and full control over the private keys make it another favorite EOS wallet. Unlike other web wallets, it offers you the luxury of full control over the private keys. It’s an open-source wallet. It allows you to store keys on your personal PC. Besides, it acts as an interface that allows you to access the blockchain.
Besides, you need not to provide personal information to obtain this wallet. So you can easily stay anonymous. You can easily send and receive digital currency with this EOS wallet; however the user-interface looks a bit complicated to anyone who’s new to crypto currency.
People reported phishing scams so you must use personal security measures to keep your digital currency safe and secure in this EOS wallet.
3. Exodus (desktop wallet)
The Exodus EOS wallet is designed to be as user-friendly as possible. It’s really easy to manage and the most aesthetic and easiest-to-understand interfaces allow you to use it daily with ease and convenience. All the features concerning your digital currency are easily accessible and live charts allows you to easily and quickly track the value of your crypto currency.
Shape Shift integration is a convenient addition to enable fast crypto currency exchanges, while private keys and transaction data are encrypted and stored on your computer. Apart from that, support of more than 30 currencies and 24/ customer support make it a strong competitor against other EOS wallets.
However, the lack of two-factor authentication is a drawback. So, it doesn’t offer the same level of security as other EOS wallets offer.