Ethereum is a rapidly growing digital currency, initially released on 30 July 2015 and 11.9 million Ethereum coins were mined the day it was released, which is approximately 13 percent of its total supply. As it is earning a big name in the world of crypto, it has thousands of users who are using it for trade. Like paper currency digital currency also needs a place where you can store it. You can store your digital currency in a digital wallet. So, first we need to understand what is a wallet. Wallet can be described as something that stores your digital currency and keep it safe from being stolen. Through wallet you can get access and spend your digital assets.There are many wallets where you can store your Ethereum but in this guide I will show you 9 best Ethereum Wallets where you can store your Ethereum.
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Software wallets are easily applicable and accessible through regularly used devices such as your computer, laptop and smart phone. If you want frequent and quick access to your digital assets then software wallets are the best. Software wallets are downloaded and stored on your regularly used device.
Blockchain Wallet is designed with high standard security and usability. Blockchain wallet has an amazing 3 level security layers to protect the wallets with amazing security features. you can activate your security layer in your blockchain wallet dashboard buy clicking on security center. Blockchain wallet is an online wallet so you don’t have to download and install anything. Blockchain wallet also offer android and IOS apps. Right now Blockchain Wallet offers to store 3 currencies. Bitcoin, Ethereum, Bitcoin Cash.
Blockchain wallet has clean and user friendly interface and design for beginners, you can instantly check real time market price right next to your wallet
MyEtherWallet is basically Ethereum and token Wallet creator. MyEtherWallet offers an amazing open-source Ethereum Wallet that directly interact with Ethereum Blockchain on browser. Wether you can use only Ethereum Wallet are you can use hardware wallet for extra security.
MyEtherWallet interface is very simple everytime you go to MyEtherWallet you will find the complete instructions how to use the wallet more efficiently also MyEtherWallet works with ERC20 Tokens.
Exodus is a crypto wallet that supports Augur, Bitcoin, Dash, Dogecoin, Ethereum, Golem, and Litecoin, however it does not support Ethereum Classic (ETC). It is the newly entrant in the crypto market. You can get complete control over your digital assets through exodus. It is easy to use and you can send, receive and save the supported coins.
Exodus has a clean, plain and simple interface that is designed for those people who are beginners at crypto exchange. Unlike other crypto wallets it stores private keys on your computer rather than on the cloud, but this feature has a drawback that is you can loss your wallet if your computer has go through a break down. However, it is so much easy to use that you can perform each action in a simple step by step process.
Helps exchanging coins
Exodus is easily applicable. Like its clean interface it is also easily functional for crypto exchange. It secures your information as I discussed before that it stores private keys on your computer rather than on the cloud. You can also restore your lost wallet by using 12-words backup phrase.
Jaxx is a multi-cryptocurrency wallet. Jaxx is the favorite choice of crypto vendors due to its security, privacy and wonderful set of features. It supports Bitcoin (the leading cryptocurrency), Ethereum, Ethereum Classic, Dash, Augur, Litecoin, Zcash, and RSK. It’s very easy to use and has minimalistic interface. It supports mobile and desktop platforms.
As Jaxx is available in android and iPhone app, you can make changes in Jaxx in your phone and when you will open Jaxx on your other devices, those changes will be visible to you. You can completely control your private key through Jaxx. You must hold Jaxx immediately for your daily crypto transactions. Jaxx uses 12 words backup phrase to help you manage private keys.
Exchange coins directly inside Jaxx
You can swap between digital currencies directly inside Jaxx. You can trade your digital currencies in a quick, simple and secure method. You can trade between supported currencies, such as you can exchange ETH for BTC. It supports various platforms such as, Windows, macOS, Linux, iOS, and Android.
XETH is an Ethereum wallet that can be used for Windows, MacOS, LinuxMint, Fedora and Opensuse. It will give you a complete control over your private keys. It has many features such as BitProfile support, stealth transactions, secure random key generation, addressbook and much more.
Unlike normal transactions EXTH’s stealth payments feature gives you an additional level of privacy. No one would know that where you are spending your money. It protects your privacy. No one will be able to find your transactions history. Through its BitProfile feature you can share your profile in multiple decentralized apps DAPPS and can receive direct payments without even giving your name. It is available for Windows.
These wallets store your private keys in a hardware device. As opposed to paper wallets, hardware wallets are portable wallets, because private keys are stored within hardware viz these wallets can be used offline. You can use these wallets to secure your digital assets and for daily transactions.
One can never steal your digital assets from hardware wallets. Up to now there have been several incidents of crypto theft from computers that are connected to internet. If an unauthorized person get access to your wallet, he can’t make any transaction because only you can approve every transaction using the keys on the device.
TREZOR is a multi-coin wallet, that supports Bitcoin, Dogecoin, Dash, Ethereum, Ethereum Classic, Litecoin, Namecoin, Bitcoin Testnet, and ZCash. You can use it offline, it has high levels of security. It keeps private keys to store and transact your digital assets, using a small display.
TREZOR hardware wallet
It provides 24 words backup phrase offline, no one can get access to your wallet even if it being stolen and you can also connect to an online wallet service such as Mycelium, MyEtherWallet, etc. for your daily transactions. These are few of its many features. TREZOR is available for multiple platforms in which Windows, macOS, Linux, and Android are included.
Ledger Nano S is better than TREZOR, that supports Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, etc. It has an amazing safety feature that is transactions are confirmed by pressing a physical button on Ledger Nano S that keeps it safe from hacking or unauthorized use. It is the cheapest hardware wallet among the three hardware wallets and has a OLED display.
Ledger Nano S connects via USB
Ledger Nano S requires a PIN code, which protects the wallet’s private key. If you have lost your digital assets, PIN code helps prevent them. It connects to any computer or device via OTG cable or USB.
Ledger apps are available for multiple platforms such as, Windows, macOS, Linux, and Chrome OS.
KeepKey is a multi-currency wallet that supports Bitcoin, Ethereum, Litecoin, Dogecoin, Dash, and Namecoin. It’s a satisfactory and long-lasting wallet and has a large screen. It is expensive than both of the hardware wallets mentioned above because it has a big OLED screen than those.
Ethereum transaction on KeepKey
Like above two wallets backup phrase helps you restoring your lost wallet and 4-digit PIN help you protecting your wallet and its information. Your funds and transactions are totally safe on KeepKey.
It is available on various platforms such as Windows, macOS, Linux, and Android.
Paper wallets are cold storage method of saving funds. Cold storage method is just like a bank account where you store your money but cannot use instantly at the time of need. You can use it if you want to store your funds for a long time. It is called Paper wallet because You can print out your public and private keys on a piece of paper, which you can store on a secure place.
Before mining Ether, you should create an Ether Paper Wallet to secure your funds. It’s a cold storage wallet and can be use online as well as offline. ETHAddress creates an address and private key. You can print it out on a paper. You can store it anywhere you want, you can bury it in your backyard or can keep it in a bank locker. The amazing thing about ETHAddress wallet is that it is in form of printed paper so it is not part of the internet. So, no one can steal it by unauthorized use or hacking.
Create a single wallet using ETHAddress
For making your funds even more secure you can keep secret your private key using a password. You just need to enter the keys into a software wallet such as Exodus, Jaxx, etc. for using your assets in the future. It supports various platforms in which Windows, macOS, and Linux are included.