Best Ethereum Wallets

ethereum wallet

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.

Our Top Picks

Ledger nano xLedger Nano X Get Ledger Nano X Read Review

The Ledger Nano X is Ledger's premium hardware wallet. The wallet is housed in a strong sleek, hard plastic enclosure with a high quality stainless steel enclosure. It features a crisp screen that makes handling the wallet very simple, and the included bluetooth functionality makes it ideal for on-the-go CRP transfers via the Ledger Live app for your Android devices.


Pros
  • Great UI with provided Ledger Live software
  • Easy to use
  • View ETH in one dashboard
Cons
  • Confirming transactions can be confusing for new users

Ledger nano sLedger Nano S Get Ledger Nano X Read Review

The Ledger Nano S is Ledger's original hardware wallet. The wallet is housed in a strong plastic frame and utilizes a small screen to confirm transactions on. Unlike the Ledger Nano X, there is no bluetooth functionality, but at its lower price point, it may be a good tradeoff if your are mostly using the wallet to hold ETH for long periods of time.


Pros
  • Great UI with provided Ledger Live software
  • Less Expensive than the Nano X or Trezor Model T
  • Easy to use
  • View ETH in one dashboard
Cons
  • Confirming transactions can be confusing for new users
  • No Bluetooth functionality

Trezor Model TTrezor Model T Get Trezor Model T Read Review

The Trezor Model T is Trezor's premium hardware wallet. The wallet is housed in a sturdy matte plastic frame with a high quality full-color touch screen display, making it easier to use than Ledger's button navigation system.


Pros
  • Full color, touch-screen display
  • Can be used as a U2F and password generator
  • View ETH in one dashboard
Cons
  • Desktop only

Trezor OneTrezor One Get Trezor One Read Review

The Trezor One is Trezor's original hardware wallet. The wallet is housed in a matte plastic frame and utilizes a small screen with two buttons to confirm transactions on. Unlike the Trezor Model T, there is no Full color touchscreen, but at its lower price point, it may be a good tradeoff if your are mostly using the wallet to hold ETH for long periods of time and not using the wallet often.


Pros
  • Less expensive than the Nano X or Trezor Model T
  • Can be used as a U2F and password generator
  • View ETH in one dashboard
Cons
  • Desktop only



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Chapter 1

Ether Hardware Wallets

A good Ethereum hardware wallet is crucial if you need secure storage for your Ether or ERC20 tokens. Usually, ETH holders will want to buy a hardware wallet if they are planning to hold onto their ETH for a long time, especially if they are holding large sums of money in ETH.

Below you can find a couple of the best hardware wallets on the market.

Ledger Nano X

ethereum hardware wallet ledger nano x

The Ledger Nano X 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.

If you want to learn more, you can read our review of the Ledger Nano S.

TREZOR Model T

ethereum hardware wallet trezor model t

The TREZOR Model T 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.

It can also be used as a password manager for all of your online accounts, which is a nice added bonus.

If you want to learn more, you can read our review of the Trezor Model T

Chapter 2

Other Kinds of Ether Wallets

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 X paired with MyEtherWallet for the interface is probably the best combination here.

Best Ethereum Wallet for Mining

The best wallet for mining will really depend on what you do with your Ethereum 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 X is a good choice. It also makes it easier to create new addresses than mining to a paper wallet.

Chapter 3

How to add funds to an Ethereum Wallet

1. Open your wallet and find an option to “receive”

In this example, we are using a Ledger Nano X with Ledger Live.

ledger live receive funds


2. Connect Your Hardware Wallet

connect wallet ledger live


3. Copy the address given or scan the QR code and confirm on the device.

copy ETH address ledger live


4. On your exchange where you bought your coins, select the “send” option.

coinbase home page


5. There should be a field to input your wallet address copied in step 3. Paste it there.

input recipient address


6. Confirm you want to send your coins.

After that, you should receive a confirmation with a transaction ID of some kind. Here is what that might look like.

transaction ID
What a transaction ID looks like (the number starting with "0x7")

Chapter 4

Using Metamask with Wallets

Connecting Metamask to a Ledger Hardware Wallet

Using a Ledger wallet to store the private keys of your coins held on Metamask is a great way to increase security.

It is very easy to connect your Ledger wallet to Metamask, and box mining has done a fantastic job of walking you through the process in their short video - just skip to 6 minutes and 40 seconds.


Skip to 6:40 for the Ledger Nano walkthrough

Connecting Metamask to Uniswap

Once you’ve connected your Ledger wallet to Metamask, you can easily hook up Metamask to Uniswap if you want to trade ETH or any ERC20 coin or provide liquidity and earn a fee.

On Uniswap.org, select Products -> App in the top menu of Uniswap


uniswap connect app


Then select “Connect to wallet” and choose Metamask from the pop-up.


uniswap select metamask


From there, just follow the prompts.

It is worth noting that many users are experiencing issues with using their Ledger wallet to make Uniswap trades, however it is unclear if this is an issue with Ledger, Metamask, Uniswap, or some combination of the three.

Chapter 5

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.

Chapter 6

Ether Wallet FAQ

Do Ethereum Wallets Support ERC20 Tokens?

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

What are 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`

What is the Ethereum Price

The price of Ethereum is constantly changing. Take a look at the chart below for live pricing information of Ethereum:


ethereum ticker
Most exchanges show price tickers for Ethereum that look like this

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.

Ethereum Hardware Wallets

Did you just buy Ether and now want a secure Ethereum hardware wallet for your Ether?

This post will show you the three best options to choose from, sorted by lowest price to highest price.

What are the Ledger Nano X and S

ledger nano s and nano x

The Ledger Nano S is one of the cheapest of the three hardware wallets for Ethereum.

At €69(or $69 US) not including shipping, its a great deal.

The Nano S stores your Ether offline in a secure environment. When you want to make a transaction sending Ether, the device signs your transactions and transmits the signed transaction to your computer.

The good thing about the S is that is has a screen. This means you can verify all outgoing transactions on your S’s screen. Even if your computer is hacked, your S’s screen will remain secure and verifies that the address and amount you’re sending are correct.

You can also pick up the Nano X, which features a sturdier build as well as Bluetooth functionality for increased mobility for traders on the go. You can pick up the Nano X for $150 or €150.

What are the TREZOR One and Model T?

trezor one and trezor model t

TREZOR was the first Bitcoin hardware wallet with a screen. TREZOR started support for Ethereum via MyEtherWallet in February 2017.

TREZOR costs $119 and like the S, TREZOR stores your Ether offline in its secure environment. You can also pick up the more advanced Model T for $320 and and you'll get all the benefits of the TREZOR One but with a full color touch screen that is a really nice feature when verifying addresses.

TREZOR also offers a really cool password manager feature. The device encrypts your passwords in its secure environment and then decrypts when you want to login online.

One thing I like about the TREZOR is it appears to me to be the most drop-prone hardware wallet. It is very light and made from plastic, although still offers an elegant design.

Who’s the Winner?


Trezor ledger and Keepkey


If you are on a budget, there is no doubt that the Ledger Nano S is your best option for an Ether hardware wallet.

The added features of the TREZOR Model T make it the premium option if a color touchscreen and key splitting is something that is important to you.

If you are mining Ethereum, then a hardware wallet will be your best bet for secure payouts.

What is an Ethereum Paper wallet?

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

One 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.

Either way we do not recommend using paper wallets as there are many risks to doing so.

Can I store ERC20 tokens on a hardware wallet?

The Ledger Nano S has full support for ERC20 and more coins than the other two options. TREZOR has support for all ERC20 tokens. KeepKey only has beta support for ERC20.

I don’t want a hardware wallet, what are some free ones?

MyEtherWallet is a free open-source Ether wallet. Just remember that online, software wallets are much less secure for storing Ether than hardware.

How do I get an Ethereum address?

Once you download or buy an Ethereum wallet, you will be presented with an address in the wallet software.

How do I fund an Ethereum wallet?

To fund your Ether wallet, you need to buy Ethereum from an exchange. Once you buy, you can withdraw the Ether to your wallet.

This is a step you should always take! NEVER store your Ether on an exchange!!!

How do I send Ethereum?

Once you have Ether in your wallet, you just need to get the address you want to send to and make the payment.

How long does it take to send Ether?

Ether payments are fast although less secure than Bitcoin payments.

You can get a confirmation in maybe 12 seconds, although ideally you should wait a bit longer than that for more confirmations.

What is Ethereum cold storage?

Cold storage means that your Ethereum private keys are stored and created offline. The easiest way to do this for beginners is to use a hardware wallet or paper wallet.

What is an Ethereum paper wallet?

Using something like Ethaddress you can make a paper wallet. A paper wallet is an Ethereum private key printed and stored offline. This is a form of cold storage.

About the Author: Jordan Tuwiner

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.