The crypto world has a lot more to offer than just Bitcoin. After all, it is not simply possible for everyone to invest huge chunks of their hard-earned money into Bitcoins. There is a lot of opportunities beaming to be grabbed by people if you just take some time and delve deeper into cryptocurrencies.
In the year 2021, a few cryptocurrencies are expected to boom, and one of them is Ethereum. So, if you are planning your list of investments for this year, make sure that you keep Ethereum on top.
In this article, we will take you through some of the most secure wallets in which you can easily store Ethereum, and certainly, by the end of this article, you will land upon the best Ethereum wallet for yourself.
Things to Consider Before Choosing the Best Ethereum Wallet
There are a number of things that you must consider if you want to use the best Ethereum wallet to store your ETH, and they are as follows:
- Safety: Just like you check all the critical terms and conditions before buying a gadget or choosing a bank, you must go through all the safety protocols followed by the wallet before you start using it.
- Compatibility: There are still a few wallets that do not support ETH, so you must go through their list of supported cryptocurrencies offered by the wallet in advance. Otherwise, the wallet will not be useful in your case.
- User Interface: The best ethereum wallet for you will be the one that offers an excellent user interface that is easy to understand.
List of the Best Ethereum (ETH) Wallets
1. Atomic Wallet
Founded in 2017, Atomic Wallet is a decentralized and non-custodial wallet that allows the storage of multiple cryptos. It not only supports Ethereum, but hundreds of Ethereum-based tokens as well. You can deposit, send, or receive over 300 types of coins and tokens.
From within the wallet, you can use your credit card to actually buy Ethereum and other cryptos without the need for a centralized exchange. The exchange function allows you to instantly convert coins into other crypto assets.
The wallet is compatible with multiple operating systems, including Windows-64 bit, macOS, Ubuntu, Debian, Fedora, Android, and iOS.
Atomic Wallet is non-custodial, meaning that only you create your recovery seed, private keys, and passwords, and you fully control your funds. Your account information, transaction, and login history, are secured by an AES symmetric encryption algorithm to prevent data leakage, and everything is stored on your device.
2. Ledger Nano S
Ledger Nano S is not only one of the oldest and most popular crypto hardware wallets on the market, but it’s also one of the most well-rounded packages. It combines a minimalist design, with top-notch security features, and with overall ease of usage.
Besides the plethora of security features such as two-factor authentication, a secure PIN code to lock the device, and very nice backup and recovery options, the hardware wallet impresses through its support for over 1100 crypto assets.
3. Guarda Wallet
Developed in 2017, Guarda Wallet is a multicurrency wallet that can safely store your Ethereum. The app can be downloaded and installed on mobile and desktop, or it can be used directly from your web browser.
Through its partnership with Changelly, Guarda offers an integrated crypto exchange, allowing you to trade without leaving the platform, another benefit is that you can buy crypto with fiat by linking your credit account to your Guarda wallet. This allows you to quickly buy Ether with fiat or just convert other crypto into Ether.
None of the private keys of user data are stored on Guarda’s servers. Everything is kept on your personal device and when they are generated they are encrypted with AES.
4. Argent Wallet
If your heart and soul lies in Ethereum, then this wallet will be the perfect match for your needs. This Ethereum only wallet comes with a very easy-to-understand user interface, making it a great choice for professional as well as novice traders. Coming to security, Argent is a non-custodial wallet and uses private keys stored locally on your device with heavy encryption.
Another interesting aspect of the wallet is the concept of “guardians.” You can choose someone who can perform specific actions on your behalf. If you lose your device, your chosen guardian can help you recover the private keys. You can also buy coins offered by the Ethereum blockchain directly from your wallet.
This wallet supports Android and iOS devices, so you can always keep a tab on the market trends. Argent Wallet also offers its users to explore the DeFi (decentralized finance) sector easily. Lastly, the Argent Wallet charges no transaction fees, which makes it a great competitor to become the best ethereum wallet for its users.
5. Jaxx Wallet
Jaxx Wallet was launched in 2014, and since then, it has only improved with multiple updates. It is a multi-currency wallet and offers about 80+ crypto assets to all its users. Jaxx wallet also runs for a high level of anonymity and never asks you to share your personal details. When it comes to security, Jaxx generates a new address each time you initiate a transaction, making it difficult for third parties to track your assets.
It is a non-custodial wallet, so it saves the private key on the user’s device rather than on an external server. It has collaborated with ShapeShift and allows its users to buy and sell cryptocurrencies directly through the wallet itself. The wallet uses a unique method when it comes to determining the transaction fees wherein if you want your transaction to speed up, you pay higher transaction fees. The wallet also offers a 24/7 support team that will help you solve any bugs you might encounter.
6. Coinbase Wallet
If you are looking for a one-stop solution for all your collectibles, then the Coinbase wallet is the answer. It is that one beautiful platform that permits its users to store crypto, de-fi, digital art, and more in just a few clicks. The wallet can be used by its users on mobile devices as well as on desktops.
Coinbase wallet allows you to transfer your digital assets free of cost, and you do not have to pay a single penny while downloading the application. But it charges a small fee when you are trying to buy and sell crypto using the wallet interface.
The security system used by Coinbase is extremely rigid due to the Security Enclave Technology. You can also use the 2-factor authentication method and provide an extra layer of security to all your cryptocurrencies. You have to verify your mobile number and your email address before you start storing your assets in the wallet. It is the best ethereum wallet available for people who want to hold and invest in the crypto world this year.
KeepKey is another very good hardware wallet for those who want to ensure the absolute security for their ETH tokens. What KeepKey lacks in support for cryptocurrencies, it more than makes up for in security features and looks. In fact, there are many who believe that KeepKey is the best looking hardware wallet currently on the market. It’s a lot bulkier than the aforementioned two, with a stylish, business-like appeal, and a clean user interface. The main drawback of this wallet is that it does not support so many cryptos as the two before it, and the fact that it’s usually two times more expensive than Trezor and Ledger Nano S.
CryptoWallet supports five major currencies, namely Bitcoin, Ethereum, Ripple, Litecoin, and Tether. You can not only store but also buy, trade, and convert your assets into fiat currency directly from your mobile device. It also provides its users a premium debit card facility using which they can pay with the help of crypto at local stores and markets.
The sign-up process to the wallet might take some time, as it asks you to verify your phone number and your email address followed by your address and finally a KYC document. Only after the users complete the KYC process, they are given full access to the wallet options. But, at the same time, multiple levels of information only increase the wallet’s security level. The user interface is quite pleasing and easy to use with well-crafted options.
This wallet can be easily used by people who have just begun their crypto journey. The wallet also operates a referral program where you receive an amount to your wallet for every successful referral, which is cut from the transaction fees.
MyEtherWallet is a popular choice for ETH holders that appreciate enhanced accessibility without sacrificed security. It is a web wallet with a unique approach towards security, as it allows you to be in control of your private keys by storing them on your device, and not on an online server.
It offers integration with both Ledger Nano S and Trezor, two of the most popular hardware wallets. Other advantages include an inbuilt ETH to BTC swap feature and support for all types of ERC-20 tokens.
The entire idea of cryptocurrency might become slightly faulty if people stopped using personal wallets. Like banks work wonders for people who want to store their money in a safe space and not in their houses due to a possible threat of theft, wallets do the same for crypto users. You can try out any of these wallets if you want to give your ETH some extra safety. We hope that our article helped you find the best Ethereum wallet for you.
Featured image by Executium on Unsplash