Steem Wallet

Anisa Batabyal
| 30 April, 2020 | 2 min

What is Steem Wallet?

Created by Ned Scott and Daniel Larimar, Steemit is a social media platform, which is similar to Reddit, wherein the people have the liberty to write posts or articles. There are some differences that make Steemit unique like it is a decentralized project, which distinguishes it from other competitors like Facebook or Reddit, where the website owners have the right to take off the content if it's not within the guidelines. Moreover, the writers get paid for the content they publish, if people like their post. The more the likes, the more the writers earn. The writers, however, don’t get paid in real fiat money like the dollar, Euro, etc but with the digital currency “STEEM”. Once you purchase Steem from any exchanges, your asset is stored in third-party web wallets. But when you download a Steem wallet in your device or desktop, you have the sole control over your private keys and you can decide where to store Steem coin.

Click here to buy Steem at best rate in no time

List of top 5 Steem wallets in 2020 

The top 5 Steem wallets in 2020 are:

  • eSteem Wallet
  • Steemit
  • Vessel
  • CLI Wallet
  • Steem Paper Wallet

#1 eSteem Wallet

eSteem is a mobile wallet, specifically meant for STEEM token and is available to be downloaded both at Google Play and Apple store, which allows you to send, receive and store Steem coins. They are going to come full-fledged into a desktop version too. eSteem is a user-friendly wallet that can help people access blog material and posts, along with storing Steem coins. So, it is even beginner friendly along with the fact that it is one of the best Steem wallets android. This wallet will be linked to your Steemit platform account, so you have to use your password and private keys from your Steemit account. This is even considered as one of the best Steem wallets ios.

Click here to download eSteem wallet

#2 Steemit

Steemit is an online wallet for Steem, where your assets tend to be far more secure than on any traditional website. The website stores your private keys, which you can access through your settings menu. It's critical to have a secure password for your account, which if lost can be recovered by a passphrase. It takes around 3.5 days to remove STEEM from the wallet and is free to create a wallet.

Click here to download Steemit

#3 Vessel

Vessel is a desktop wallet that can be downloaded on your computer. The Vessel wallet is a lite client wallet as you don’t have to download the entire blockchain on your computer. The private keys are stored in the wallet itself, making it secure. Whenever you send the coins from the Vessel wallet, even the private keys are never broadcasted to the blockchain. The Vessel wallet is user-friendly so its well suited for beginners, too and can be considered as one of the best Steem desktop wallets.

Click here to download Vessel

#4 CLI Wallet

You can download CLI wallet to your desktop, which can be regarded as one of the most secure ways to store your STEEM tokens. You can directly connect with the Steemit Web wallet as you have to download the blockchain client. One drawback is that CLI is not designed for beginners as the users must have a bit of an understanding of Command Line programming. Just like eSteem, you will have to import the key from the Steemit platform, hence considered as one of the best Steem coin wallets.

Click here to download CLI wallet

#5 Steem Paper Wallet

Steem paper wallet can also be an option when you want to store Steem tokens safely. It is a basic type of wallet, where you write your information and data on paper. As they are not connected to the internet, it makes them resistant to hacks or thefts. Steem paper wallet is a cold wallet as it's stored offline. This might be one of the best Steem crypto wallets for in 2020.

Click here to download Steem Paper Wallet

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