Having a secure Ethereum wallet is crucial for everyone who owns ETH coins. Ethereum (ETH) is one of the world’s most famous cryptocurrencies and second-largest by market capitalization. It continues its development and expansion and it’s no wonder that more enthusiasts are looking to invest in the platform.
That said, if you’re planning to buy Ethereum as well as to trade, or hold ETH, then finding a secure Ethereum wallet that perfectly suits your needs is important. If you are just starting out in the crypto world and Ethereum is your preferred cryptocurrency, then choosing the right wallet might be confusing as there are a lot of factors to consider, not to mention a large number of Ethereum-compatible wallets out there.
If you’re currently on the look-out for the best Ethereum wallets, then make sure you check out our list:
1. Ledger Nano S
The Ledger Nano S is almost ubiquitous among serious Ethereum traders, and for good reasons—it’s currently one of the best digital wallets. Ledger Nano S is a hardware wallet that offers support for Ethereum and all types of ERC-20 tokens, as well as other cryptocurrencies (Bitcoin, Ripple, and Litecoin, to name a few) – all this at a very competitive price.
The main selling point of this Ethereum wallet is the strong security it provides. Your cryptocurrencies are stored offline on the device. Ledger Nano S includes 2-factor authentication, secured PIN code, and recovery seed accessibility. Ledger Nano S also includes integrations with MyEtherWallet (another Ethereum wallet) to send, receive, and store tokens. It works on Windows, macOS, and Linux.
Just like Ledger Nano S, Trezor is also a hardware wallet that supports the storage of Ether and all types of ERC-20 tokens. Even though it was invented for holding Bitcoin, Trezor is now one of the most popular Ethereum wallets that can be used with the MyEtherWallet web interface. It offers support for Bitcoin (BTC), Bitcoin Cash (BTH), Litecoin (LTC), Dash (DASH), Dogecoin (DOGE), Ethereum Classic (ETC), and many other cryptos.
It has advanced security features such as 2-factor authentication, SSH, as well as encryption via GPG. It’s light, compact, and it comes in 2 colors: white and black. It’s compatible with Windows, macOS, and Linux.
KeepKey is a USB-enabled hardware wallet that boasts the same features as Ledger Nano S and Trezor. It’s the most expensive Ethereum hardware wallet from our list, probably due to its bigger screen. One of the major highlights of this wallet is its ability to generate private keys using a hardware-based random number generator. Just like the other two, it comes with support for some of the most popular OSes.
If a bit more accessibility is what you want from your Ethereum wallets, then it doesn’t get much better than MyEtherWallet. It’s the most popular web-based Ethereum wallet and it lets you login on any device using just a username and a password. As mentioned before, it offers integration with hardware wallets like the three mentioned above. Other noteworthy features include support for smart contracts, ETH to BTC swap facility, as well as the possibility to store your Ethereum private keys on your computer, which offers better security when compared to other wallets of this type.
Mist is the official Ethereum desktop wallet, and it is designed to offer secure storage for all your ETH and all types of ERC-20 tokens. It’s quite easy to download, install, and set up on your computer and also very user-friendly, so operating it doesn’t require much technical knowledge. You are provided with the possibility of accessing both public and private keys as well as to perform transactions.
Exodus is yet another multi-currency desktop wallet that’s a favorite among the Ethereum community. Some of the main advantages of Exodus are its attractive GUI (with clear-cut and beautiful pie charts for your portfolio), the built-in ShapeShift (useful for exchanging cryptocurrencies with next to no effort), and the fact that it supports dozens of popular cryptos such as Bitcoin, Litecoin, Dash, and Zcash, and many more. Exodus is available for Windows, macOS, and Linux. One of the main disadvantages of Exodus is the fact that it doesn’t support smart contracts.
MetaMask is another popular choice among Ethereum fans. MetaMask is a cross-browser extension that provides instant access to the Ethereum Network. It’s available for Google Chrome, Mozilla Firefox, Opera, as well as Brave. It allows you to store, receive and send Ether, as well as access dApps on the Ethereum ecosystem.
One of the main benefits of MetaMask is the fact that it can encrypt your passwords and store them on your computer, which can be later exported very easily. For an advanced user, the wallet might seem intuitive, but the truth of the matter is that due to its nature, MetaMask will require a bit of getting used to, especially in the case of novices.
Jaxx is mostly known due to its popularity among iOS and Android users. However, if you want a browser that will work on most of your devices, then Jaxx is definitely the way to go as it also offers support for Windows, macOS, Linux, and it comes in the form of a Chrome extension as well.
It’s a multi-chain wallet that offers support for some of the most popular cryptocurrencies, such as Ethereum, Ethereum Classic, Bitcoin, Dash, DAO, Litecoin, Bitcoin Cash, REP and more. It boasts a fairly user-friendly design, some very robust security features, and, best of all, it offers support for smart contracts.
Guarda is probably the lesser-known Ethereum wallet alternative from our list but, just like Jaxx, it offers support for all the major OSes, desktop, and mobile. It works on Windows, macOS, and Linux, as well as on mobile platforms such as iOS and Android. It even comes in the form of a web wallet.
It supports all types of ERC-20 tokens, as well as Ethereum, Zcash, Ripple, Dash, and EOS.
Guarda is also known for a particular security feature namely it doesn’t store any client information, wallet data or private keys. In fact, the private key is stored in your device’s secure memory and deletes itself if you log out from the wallet.
11. Lumi Wallet
The Lumi Crypto Wallet is a highly secure cryptocurrency and Ethereum wallet that allows users to store their private keys and handle their cryptocurrencies in a fast and easy way. Specifically, the Lumi wallet is perfect for Ethereum holders and investors because it allows them to handle not only ETH but also more than 1200 ERC20 tokens.
The Lumi Wallet is also offering support to Bitcoin (BTC), Bitcoin Cash (BCH) and EOS, among others. This makes of this wallet one of the most attractive for crypto and ETH holders. At the moment, users can handle their funds through its web version of using the mobile wallet that can be downloaded from the App Store or Google Play.
Furthermore, Lumi Collect would allow you to handle and store ERC-721 tokens that are known as non-fungible tokens or also crypto-collectables. This is good for gamers that need to handle goods from different games. All the items can be displayed in the wallet and it would allow users to play games directly on the mobile device.
Even though it might seem that there are lots of options, do keep in mind that the Ethereum ecosystem is still a relatively new concept. As blockchain technology progresses, so will Ethereum as a whole. There’s a good chance that the future will bring with it a new wave of wallets. Until that happens, though, we hope you’ll find here one that perfectly suits your needs. Choose wisely.