Ethereum is, no doubt, a popular platform with the second largest market cap after BTC. Due to this, many investors and other crypto-curious people out there are considering turning to ETH. The more people in the community, the more is the need for secure cryptocurrency wallets – ChangeNOW will review the most popular ones and compare their safety, convenience and other factors, and, perhaps, even find the best Ethereum wallet out there.
What is Ethereum?
If you have not heard much about ETH yet, ChangeNOW will give you a little bit of background.
Ethereum was created in 2014. The very bright idea of creating a platform like this belonged to Vitalik Buterin, who was, at the time, basically a genius teenager-programmer and cryptocurrency influencer.
Ethereum now is one of the most widely spread and known cryptos on the market. ETH is not only the currency but also Ethereum itself – a blockchain-based platform for creating and running so-called Decentralised Applications (DApps). Ethereum (the coin) is the fuel to this platform with a wide range of use cases – from the usual digital currency transactions to creating decentralized contracts and applications.
The Best Ethereum Wallet 2018-2019
Here, we are going to list the best wallets for Ethereum. The list contains all sorts of wallets – from hardware to Web, so the final choice is all on our clients. ChangeNOW’s advice will be – choose the option that you find the best for your very own needs. So, if you are asking yourself “How to Get an Ethereum Wallet?”, we hope you will find our review useful.
Ledger Nano S
Ledger Nano S is an affordable and handy Ethereum hardware wallet. Hardware – meaning that your ETH coins are stored on the USB-like device, offline. Whenever you want to perform an Ethereum transaction, all you need to do is sign in with your private key stored on the device. As a pleasant bonus, both ETC and ETH can be stored on the Ledger Nano S device. The wallet s not only safe but also very well-thought of in terms of convenience – you can control your transactions with a help of a small screen and be sure that no hacker can reach your ETH (they’re offline, after all)!
The Desktop wallet allows you to store ETH and ERC20 tokens. Besides, you can use the exchange service and swap or buy Ethereum with a bank card. Atomic Wallet is not designed for ETH only – you can store over 300 supported crypto coins in there. The private key is encrypted on your device for extra security – you are the only person who has access to the funds.
Yet another hardware wallet on the list. Trezor was actually the first hardware wallet invented for Bitcoin. Now Trezor can be used for Ethereum as well. The best this for sure is storing ETH offline – on a secure electronic chip that activates once you log in. The device itself is light, portable and easy in use.
Exodus is a multicurrency Desktop wallet that is free and user-friendly. When you open the wallet, supported coins (including Ethereum) are shown to you on a pie chart. Besides, the wallet has a built-in exchange service for instant crypto swaps. The only drawback of Exodus is having to be connected to the Internet constantly, but it is not such a big issue. From the point of security, Exodus has the following features: email recovery and backup seed keys – everything for providing maximum safety for the users.
Privacy is very important to the developers of Exodus, so they do not require personal email use and do not store the user’s personal data.
Jaxx is a Canadian multi-asset cryptocurrency wallet. It supports 13 cryptocurrencies, including ETH. The private keys do not leave the device, so there is no chance for anyone ill-minded to access your funds. Jaxx Ethereum wallet is available for iOS, Android, Windows and Linux platforms.
Guarda is a non-custodial light wallet company based in the EU. Their wallets support the most popular coins (Ethereum, Bitcoin, Litecoin etc.) as well as a variety of cryptocurrency tokens. All cryptos can be purchased within the wallet – there is a built-in exchange service right in the wallet. Now, there is also a Guarda Multiwallet for mobile devices – the application offers a wide variety of supported coins, convenient currency managing services and other useful features.
Overall, Guarda Wallet is very good for the users who did not make up their mind on the kind of wallet they would like to have – this wallet is available in different forms, such as Web, Desktop, Mobile and Extension.
Possible the most known Ethereum wallet on the market, MyEtherWallet is a hot cryptocurrency wallet based on the Ethereum platform. ERC20 tokens are supported on this service as well. The most valuable feature of this wallet is its privacy – the wallet keys are not shared with any third parties and the users have full control of their funds.
Edge, multi-currency mobile wallet
Edge is a unique cryptocurrency wallet that allows you to store several different coins at the same time, as well as their forks. Moreover, Edge Wallet is the only multi-currency wallet that allows users to manually add ERC-20 tokens that are not supported in the app by default. Thus, you can work with hundreds of different tokens, as well as exchange them instantly using the built-in ShapeShift service.