Best Ethereum Wallet Apps

best cryptocurrency exchange

Getting started with Ethereum wallets is a confusing process.

Luckily, we’re making it easy to decide which Ethereum wallet is best for you.

Our guide breaks down the top ethereum wallets and by the end you’ll have a much better idea of which wallet to use.

Ether Hardware Wallet

A good Ethereum hardware wallet is crucial if you need secure storage for your Ether or ERC20 tokens.

Ledger Nano S

ethereum hardware wallet

The Ledger Nano S is the most popular hardware wallet for Ethereum and ERC20 token users.

It supports the most coins and has integrations with MyEtherWallet, making it easy to use the device to store, send and receive ether and ERC20 tokens. Ledger paired with MyEtherWallet is the most popular way to use Ledger for Ether.

TREZOR

litecoin

TREZOR is another hardware wallet, like the Ledger. It also supports storing ether and ERC20 tokens. It has the same integrations as the Ledger Nano S, and can be used with MyEtherWallet to send, receive and store ERC20 tokens.

Ethereum Desktop Wallets

Metamask

Metamask is a very popular Ethereum wallet for desktop. It has received funding from the Ethereum Foundation and Consensys. It allows you to easily store Ether or ERC20 tokens.

There are a few issues to know about with Metamask.

One is that by using Metamask, nearly any website you browse can see that you have it installed and therefor understand that you are a cryptocurrency user and owner. While this does not sound too bad, it is simply a privacy leak that could make you a target for targeted hacking or malware. Check this post for more info.

Also–this goes for all wallets–but there are many fake versions of Metamask. Make sure you are downloading it directly from Metamask’s website.

Mist Wallet

The Mist Wallet is an Ethereum wallet created by the Ethereum Foundation. It is listed on the ethereum.org website as the most basic Ether wallet available.

Exodus

exodus ltc

Exodus wallet has become a very popular wallet in the cryptocurrency world. The main downside, though, is that its code is not open source. This means the wallet code has not been checked by devs from around the world and you have to place more trust in the Exodus developers.

Regardless, the Exodus wallet has a number of nice features. It supports a ton of coins so you don’t need to create a different wallet for each new coin you buy.

It also has a cool portfolio feature that allows you to see your crypto holdings in an easy to understand way.

Lastly, it has integration with ShapeShift which allows you to swap assets and coins from directly within the wallet.

Ethereum Web Wallets

MyEtherWallet

MyEtherWallet is probably the most popular Ethereum web wallet. A web wallet is a wallet that works like an account on any other website. It lets you login on any device using a username and password.

Web wallets, however, are not secure at all and should really not be used at all. Just a week ago, there was an issue with MyEtherWallet where its DNS got hijacked. The attackers were able to steal $13,000 worth of ether and ERC20 tokens.

It’s also possible to get phished where you give a fake website your login credentials which they use to login on the real MyEtherWallet to steal your funds.

If you do decide to use MyEtherWallet, definitely use it with a hardware wallet and not as a web wallet.

Ethereum iOS Wallets

TrustWallet

TrustWallet is an Ethereum and ERC20 wallet. Binance, the world’s largest cryptocurrency exchange, recently acquired TrustWallet.

BRD

BRD wallet has been around for a few years. It originally only supported Bitcoin, but recently added support for ether.

It’s very easy to setup and you can start receiving ether within a few minutes. Since it’s a mobile wallet, it should only be used for day to day amounts of ether.

Jaxx Wallet Review

Jaxx is another popular wallet since it supports a lot of different coins. However, like Exodus, it is not open source.

Ethereum Android Wallets

TrustWallet

TrustWallet is an Ethereum and ERC20 wallet. Binance, the world’s largest cryptocurrency exchange, recently acquired TrustWallet.

BRD wallet is also available for Android devices. It originally only supported Bitcoin, but recently added support for ether.

It’s very easy to setup and you can start receiving ether within a few minutes. Since it’s a mobile wallet, it should only be used for day to day amounts of ether.

Best Ethereum Wallet for ICOs

Most ICO investors invest in ICOs for the long term. So you probably want secure storage for your ICO ERC20 tokens.

The Ledger Nano S paired with MyEtherWallet for the interface is probably the best combination here.

This video shows you how to pair the two:

Best Ethereum Wallet for Mining

The best wallet for mining will really depend on what you do with your mining income.

If you are constantly selling your mining income for other coins, you may just want to use a hot wallet like Mist Wallet.

But if you plan on saving your mining profits and want secure storage, the Ledger Nano S is a good choice. It also makes it easier to create new addresses than mining to a paper wallet.

Ethereum Paper Wallet

We are not aware of a good way to generate an Ethereum paper wallet.

Once unique way to make one would be to use a hardware wallet to generate a seed. You could get a list of addresses and use them without the hardware wallet.

What to Look for in an Ethereum Wallet

Deciding which Ethereum wallet is best for you will come down to a few things:

Why You Need to Move Ether OFF your Exchange!

There is a large history of cryptocurrency being stolen from exchanges. When this happens, users lose money. For example, if an exchange holds 1000 ETH and gets 100 ETH stolen in a hack, you will likely lose 10% of your balance.

This already happened to one Canadian Ethereum exchange. The best option is to store your ether and ERC20 coins in your own wallet.

Do Ethereum Wallets Support ERC20 Tokens?

Yes, most of the wallets listed above support storing Ether (ETH) as well as any ERC20 token.

Ethereum Blockchain & Ethereum Addresses

The Ethereum Blockchain is public and can be viewed by downloading full node software or using a block explorer.

Etherchain is a very popular explorer. To check the balance of an address, paste the address into the explorer. Any ethereum address looks like this:

0x016e0fF786BDC6b49184d68154Eb244dE71481ae

Ethereum Price

At the time of writing, Ethereum is the second largest cryptocurrency. It has a price of $684 and a market cap of about $68 billion.

What Happened with Parity Wallet?

There was a bug in the Parity Ethereum wallet that led to the loss of around $300 million worth of ether. EIP999 is set to unlock these funds. But it is very controversial because some argue that centralized decision making will reverse the lockup, but the point of Ethereum is to be decentralized.