Ethereum is the second-largest cryptocurrency to date by market capitalization. Ethereum has been created by Vitalik Buterin, who is one of the renowned personalities in the crypto galaxy. It is an open-source software which works on a decentralized network, based on a blockchain platform and smart contract functionality. Getting the best Ethereum wallet which is secure is one of the best ways to keep your funds safe, away from hacks or threats.
Ethereum has two primary functions: keeping things running smoothly by compensating the mining nodes and pay people under smart contracts platform. As it is the second most popular cryptocurrency, more people are investing in ETH and the increasing zest to invest necessitates the knowledge of the top Ethereum wallets.
You must keep certain points in mind before choosing an Ethereum wallet, which are as follows:
So, here’s the updated list of the top Ethereum wallets, which will guide you in the trading decisions:
The top 14 Ethereum wallets in 2020 are:
Trezor was mainly proposed for Bitcoin storage initially, but later on, it started supporting other currencies, of which Ethereum is one of the majorly traded cryptos. It also supports other ERC20 tokens such as Ethereum Classic (ETC), Litecoin (LTC), Dash (DASH), Zcash (ZEC), Bitcoin Cash (BCH) and many more.
Trezor is one of the best Ethereum hardware wallets. To control the stored Ether in Trezor wallet, you’ve to use a web wallet, probably MyEtherWallet, which will feature Trezor integration.
Hence, if you want to interact with smart contracts in MyEtherWallet, you’ve to work in conjunction with the web wallet.
The biggest advantage of Trezor is that it is one of the most secure wallets. Other than having the common advantage of an offline wallet, it offers other features like advanced cryptography, 2-factor authentication, and the final screen allows you the revise the transaction before confirming.
Click here to access Trezor
Another one which falls under the list of top Ethereum wallets, 2020 is Ledger Nano S, which became popular for storing Ethers. The best part about it is that it can get connected to any device via a portable USB device and supports a wide range of cryptocurrencies like Ethereum, Bitcoin, Litecoin, Ethereum Classic, and many more altcoins. It includes companion apps to simplify the process of crypto holdings.
Security is what it makes this wallet fall into the top Ethereum wallet category. It includes 2-factor authentication, a secured PIN code, and recovery seed accessibility.
It has a built-in OLED screen, where you can check the transaction details with a double-tap button.
Click here to access Ledger Nano S
KeepKey is also a USB enabled hardware wallet, that allows you to store not only Ethereum but other cryptocurrencies as well as Bitcoins, Litecoins, and other altcoins. Keep Key was launched in 2015 with a Hierarchical deterministic(HD) feature, which can generate an unlimited number of private keys.
Like Ledger Nano S, even this has an OLED display screen where you can recheck and confirm the transactions.
The setup process is very easy and simplified, you’ll have to download two chrome applications- the first one generates a wallet and the second one keeps you connected to Keep Key through chrome.
Click here to access KeepKey
Atomic wallet is one of the best wallets supporting BCH SV, which is a desktop wallet. Atomic wallet helps the users stay anonymous and secure by advocating decentralization in their process. You can control your own funds and can swap tokens efficiently, as and when required. Atomic wallet is a multi-currency wallet that supports Bitcoin, Bitcoin Cash, Bitcoin Cash SV, and many more currencies. It is compatible with Mac, Windows, Ubuntu, Fedora, and Debian.
Click here to access Atomic wallet
Guarda Wallet is a custody-free, multi-currency wallet for over 45 blockchains and thousands of tokens. The storages come in Web, Desktop, Mobile (iOS, Android) and Chrome Extension versions. The coins that Guarda supports include Bitcoin BTC, Ethereum ETH, Bitcoin SV, Monero XMR, Zcash (Shielded transactions are supported, too), Dash, Ethereum Classic and more. The extended functionality of the wallet also allows built-in exchanges, purchases, selling cryptocurrency for fiat and operating with Ledger hardware wallet. Staking, delegation and more currency-specific features of supported blockchains are also there for Guarda users to try out.
Guarda is secure, as it does not store any personal data of the clients – all the wallets are non-custodial, with backups encrypted and stored on the user's device. From the point of safety, coin and feature support as well as versatility, Guarda is one of the best cryptocurrency wallets on the current market.
Click here to access Guarda wallet.
MyEtherWallet is one of the best Ethereum web wallets with a difference. MyEtherWallet allows you to store your Ethereum private key on your computer rather than on third-party servers which offer an increased level of security as compared to other wallets. It means that you have to backup your wallet on a regular basis.
It offers the handy feature of writing and accessing the smart contracts, and allows integration to the hardware wallets like Trezor and Ledger Nano S.
Another feature is that it provides a built-in ETH to BTC swap facility and support Ethereum Classic and other ERC20 tokens on the platform, hence tagged as one of the best ERC20 wallets.
Click here to access MyEtherWallet
MetaMask is one of the easy-to-access browser extension Ethereum wallet, which allows you to store Ether and also access dApps. It offers the advantage of encrypting the private keys and storing them in your system and that you don’t need any personal information to register.
The MetaMask was created with the intention of making Ethereum as accessible as possible, and it can be installed on Chrome, Firefox, Opera and Brave browsers.
Click here to access MetaMask
Trust Wallet is one of the most trustworthy Ethereum wallets and became more popular after it got acquired by Binance, one of the largest cryptocurrency exchanges in 2018. Trust wallet supports multiple ERC20 tokens, and the interface is easy and intuitive, because of which it is being favored by beginners as well. It is a secure Ethereum wallet, that can be stored on Android and iOS devices. The best part about Trust is that it works with Binance DEX and Kyber network seamlessly, enabling you to make an instant exchange.
Click here to access Trust Wallet
Mist is known as the official Ethereum wallet, designed to offer secure storage of ETH and other ERC tokens available on the Ethereum blockchain. As it has been developed by the same team that created Ethereum, it is promised as one of the most secure desktop Ethereum wallets.
The sign-up process is fast and relatively easy, and you don’t have to provide any personal info. Just that you have to create a strong and secure password, which if you forget, you can retain from the personal system where it gets automatically stored during the creation of an account.
Click here to access Mist
Exodus is a desktop supported cryptocurrency wallet, that is convenient to store ETH. Exodus supports nearly three dozen cryptocurrencies including Ethereum, Bitcoin, Litecoin, Dash, Zcash among the popular ones. Exodus is the best multi-currency wallet for the new traders as it has an easy user interface with well-designed features. Exodus galore with its pros over its cons, such as ShapeShift integration for quick cryptocurrency exchanges and easy and any time access to your crypto holdings.
Transactions over a crypto network can be made directly through the Exodus wallet. The transaction fee is paid to the network itself and not Exodus.
Click here to access Exodus
Jaxx was created in 2014, with the aim of simplifying the blockchain and attracting the masses to its unique selling proposition. Jaxx is a multi-chain wallet which offers support for seven cryptocurrencies, namely Ethereum, Bitcoin, Dash, Ethereum Classic, DAO, Litecoin, Bitcoin Cash, REP and many more. Very recently it has upgraded with advanced features and known as "Jaxx Liberty".
It is one of the best Ethereum wallets for ios and android users. Jaxx Liberty gives you full control over the wallet, which is highly accessible with desktop and mobile compatibility. It allows you to quickly convert between bitcoin, Ethereum, and DAO, and will also work for all the coins, and the Jaxx Liberty developers integrate in the future. It has been tagged as one of the best multi-currency wallets in the cryptocurrency wallet review.
It's available in the form of a desktop app, Android and iPhone apps and Chrome extension. Hence, it has all the features required to be one of the top Ethereum wallets-2020.
Click here to access Jaxx Liberty
Ethaddress is one of the best Ethereum paper wallets that allows you to create an Ethereum account with your public and private keys printed on a paper. Its secure, easy accessibility and cheap cold storage make it one of the top Ethereum wallets and the best part is that you can also encrypt your private key for additional protection.
This is good for generating bulk Ethereum addresses. You just have to visit there gitHub repo and download the code. Open the index.html file and now you can generate an address from the HTML page.
Click here to access Ethaddress
The Coinomi wallet is a multi-currency wallet, which is fast and convenient to use. Their android app allows you to store hundreds of tokens and coins, including Ethereum, Bitcoin, Bitcoin Cash, Ethereum Classic and 200 more tokens. Coinomi is also an HD wallet, which provides you easy backups so that you can retain the ownership of your private keys. The best part is that you can protect your identity here as no personal information is required in the signing up process.ShapeShift integration is another prominent feature, providing for faster exchanges between your crypto holdings.
Click here to access Coinomi
Bread (BRD) is a standalone cryptocurrency wallet for Android and iOS devices. It supports major coins like Bitcoin, Ethereum and Bitcoin Cash, and Ethereum ERC20 tokens. The BRD app connects directly to the cryptocurrency networks, where the wallets are stored. The keys to accessing the wallets are securely stored on the phone. The BRD app provides a unique Paper Key, which is a list of 12-words which can be used to recreate the keys to your wallet. If the phone is lost or upgraded, this Paper Key helps to recover the wallets and funds.
Click here to access Bread wallet
imToken is the world’s largest Ethereum digital asset wallet, with currently 6M users that produce ~10% of all Ethereum transactions on average. imToken wallet can be used for ETH, as well as all ERC-20 tokens. In version 2.0 of the imToken wallet, once can own and send digital collectibles like CryptoKitties.
Click here to access imToken wallet
Let's just take MyEtherWallet as its the most user-friendly of the lot. Once you go to https://www.myetherwallet.com/, create your wallet with a strong password. It's highly recommended to save the password somewhere. After that download your Keystore file and save it.
We have provided with the links after explaining about the wallet features. You can click the one you find appropriate and just follow the steps. It's easy and convenient.
If you have Ethereum, and you need to move it, just create a new transaction to another address. If you have tokens, you will first need to deposit some ETH into the wallet, to be able to move the tokens. And if you need to cash out Ethereum, you can try to sell for cash on Coinbase, Bitpanda, or Kraken.
ERC20 tokens are the tokens created on the ETH blockchain, and they don't have their own blockchain. ERC20 tokens are stored on Ethereum addresses, use GAS to pay their transaction fees. ERC20 wallets are the ones that support ERC20 tokens like MyEtherWallet or MEW, Metamask, etc.
We have mentioned the top Ethereum wallets above, you can choose any of those. There are various factors, on the basis of which you can choose the best Ethereum wallets. Some of the factors include transaction fees, security, user expertise, etc.
Ethereum wallets enable the users to store ether securely, without having the open threat of malicious attacks. It is an open-source software which works on a decentralized network, based on a blockchain platform and smart contract functionality.
MyEtherWallet is one of the most secure web-based Ethereum wallets, which has maintained a reputation for being user-friendly.
You just need to "import wallet" and paste your private keys string there. By using your private keys, you can access your ether, and control your funds at your fingertip.
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