What is Ethereum Wallet?

Ethereum is the second-largest cryptocurrency to date by market capitalization. Ethereum has been created by Vitalik Buterin, who is one of the renowned personalities in the crypto galaxy. It is an open-source software which works on a decentralized network, based on a blockchain platform and smart contract functionality. Getting the best Ethereum wallet which is secure is one of the best ways to keep your funds safe, away from hacks or threats.

Ethereum has two primary functions: keeping things running smoothly by compensating the mining nodes and pay people under smart contracts platform. As it is the second most popular cryptocurrency, more people are investing in ETH and the increasing zest to invest necessitates the knowledge of the top Ethereum wallets.

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What To Look For In an Ethereum Wallet?

You must keep certain points in mind before choosing an Ethereum wallet, which are as follows:

Secure: The wallet should be secure with 2FA and multi-signature features, which are advanced safety features to ward off possible threats of getting hacked.

The wallet should be secure with 2FA and multi-signature features, which are advanced safety features to ward off possible threats of getting hacked. Ease of Use: You must even keep in mind whether you are a beginner or an expert. Based on that, you can choose the wallet. If it's not a beginner-friendly and you are using it for the first time, it's not recommended to go for wallets which are developer-friendly.

You must even keep in mind whether you are a beginner or an expert. Based on that, you can choose the wallet. If it's not a beginner-friendly and you are using it for the first time, it's not recommended to go for wallets which are developer-friendly. Device Friendly: The wallet should be supporting your device, be it Android or iOS, operating systems such as Linux, Windows or Mac.

The wallet should be supporting your device, be it Android or iOS, operating systems such as Linux, Windows or Mac. Multi-Crypto Wallet: This feature is mostly preferred by users so that they can store multiple coins apart from Ethereum.

This feature is mostly preferred by users so that they can store multiple coins apart from Ethereum. User Review: Last but not least, you should check what other users are talking about the wallet, whether they are satisfied or not.

So, here’s the updated list of the top Ethereum wallets, which will guide you in the trading decisions:

List of 16 best Ethereum wallets in 2020

The top 16 Ethereum wallets in 2020 are:

Trezor

Ledger Nano S

KeepKey

Atomic Wallet

Guarda

MyEtherWallet

MetaMask

Trust Wallet

Ethereum Wallet- Mist

Exodus

Jaxx Liberty

Edge Wallet

Ethaddress

Coinomi

Bread Wallet

imToken Wallet

1. Trezor

Trezor was mainly proposed for Bitcoin storage initially, but later on, it started supporting other currencies, of which Ethereum is one of the majorly traded cryptos. It also supports other ERC20 tokens such as Ethereum Classic (ETC), Litecoin (LTC), Dash (DASH), Zcash (ZEC), Bitcoin Cash (BCH) and many more.

Trezor is one of the best Ethereum hardware wallets. To control the stored Ether in Trezor wallet, you’ve to use a web wallet, probably MyEtherWallet, which will feature Trezor integration.

Hence, if you want to interact with smart contracts in MyEtherWallet, you’ve to work in conjunction with the web wallet.

The biggest advantage of Trezor is that it is one of the most secure wallets. Other than having the common advantage of an offline wallet, it offers other features like advanced cryptography, 2-factor authentication, and the final screen allows you the revise the transaction before confirming.

Click here to access Trezor

2. Ledger Nano S

Another one which falls under the list of top Ethereum wallets, 2020 is Ledger Nano S, which became popular for storing Ethers. The best part about it is that it can get connected to any device via a portable USB device and supports a wide range of cryptocurrencies like Ethereum, Bitcoin, Litecoin, Ethereum Classic, and many more altcoins. It includes companion apps to simplify the process of crypto holdings.

Security is what it makes this wallet fall into the top Ethereum wallet category. It includes 2-factor authentication, a secured PIN code, and recovery seed accessibility.

It has a built-in OLED screen, where you can check the transaction details with a double-tap button.

Click here to access Ledger Nano S

3. KeepKey

KeepKey is also a USB enabled hardware wallet, that allows you to store not only Ethereum but other cryptocurrencies as well as Bitcoins, Litecoins, and other altcoins. Keep Key was launched in 2015 with a Hierarchical deterministic(HD) feature, which can generate an unlimited number of private keys.

Like Ledger Nano S, even this has an OLED display screen where you can recheck and confirm the transactions.

The setup process is very easy and simplified, you’ll have to download two chrome applications- the first one generates a wallet and the second one keeps you connected to Keep Key through chrome.

Click here to access KeepKey

4. Atomic Wallet

Atomic wallet is one of the best wallets supporting BCH SV, which is a desktop wallet. Atomic wallet helps the users stay anonymous and secure by advocating decentralization in their process. You can control your own funds and can swap tokens efficiently, as and when required. Atomic wallet is a multi-currency wallet that supports Bitcoin, Bitcoin Cash, Bitcoin Cash SV, and many more currencies. It is compatible with Mac, Windows, Ubuntu, Fedora, and Debian.

Click here to access Atomic wallet

5. Guarda Wallet

Guarda Wallet is a custody-free, multi-currency wallet for over 45 blockchains and thousands of tokens. The storages come in Web, Desktop, Mobile (iOS, Android) and Chrome Extension versions. The coins that Guarda supports include Bitcoin BTC, Ethereum ETH, Bitcoin SV, Monero XMR, Zcash (Shielded transactions are supported, too), Dash, Ethereum Classic and more. The extended functionality of the wallet also allows built-in exchanges, purchases, selling cryptocurrency for fiat and operating with Ledger hardware wallet. Staking, delegation and more currency-specific features of supported blockchains are also there for Guarda users to try out.

Guarda is secure, as it does not store any personal data of the clients – all the wallets are non-custodial, with backups encrypted and stored on the user's device. From the point of safety, coin and feature support as well as versatility, Guarda is one of the best cryptocurrency wallets on the current market.



Click here to access Guarda wallet.

6. MyEtherWallet

MyEtherWallet is one of the best Ethereum web wallets with a difference. MyEtherWallet allows you to store your Ethereum private key on your computer rather than on third-party servers which offer an increased level of security as compared to other wallets. It means that you have to backup your wallet on a regular basis.

It offers the handy feature of writing and accessing the smart contracts, and allows integration to the hardware wallets like Trezor and Ledger Nano S.

Another feature is that it provides a built-in ETH to BTC swap facility and support Ethereum Classic and other ERC20 tokens on the platform, hence tagged as one of the best ERC20 wallets.

Click here to access MyEtherWallet

7. MetaMask

MetaMask is one of the easy-to-access browser extension Ethereum wallet, which allows you to store Ether and also access dApps. It offers the advantage of encrypting the private keys and storing them in your system and that you don’t need any personal information to register.

The MetaMask was created with the intention of making Ethereum as accessible as possible, and it can be installed on Chrome, Firefox, Opera and Brave browsers.

Click here to access MetaMask

8. Trust Wallet

Trust Wallet is one of the most trustworthy Ethereum wallets and became more popular after it got acquired by Binance, one of the largest cryptocurrency exchanges in 2018. Trust wallet supports multiple ERC20 tokens, and the interface is easy and intuitive, because of which it is being favored by beginners as well. It is a secure Ethereum wallet, that can be stored on Android and iOS devices. The best part about Trust is that it works with Binance DEX and Kyber network seamlessly, enabling you to make an instant exchange.

Click here to access Trust Wallet

9. Ethereum Wallet - Mist

Mist is known as the official Ethereum wallet, designed to offer secure storage of ETH and other ERC tokens available on the Ethereum blockchain. As it has been developed by the same team that created Ethereum, it is promised as one of the most secure desktop Ethereum wallets.

The sign-up process is fast and relatively easy, and you don’t have to provide any personal info. Just that you have to create a strong and secure password, which if you forget, you can retain from the personal system where it gets automatically stored during the creation of an account.

Click here to access Mist

10. Exodus

Exodus is a desktop supported cryptocurrency wallet, that is convenient to store ETH. Exodus supports nearly three dozen cryptocurrencies including Ethereum, Bitcoin, Litecoin, Dash, Zcash among the popular ones. Exodus is the best multi-currency wallet for the new traders as it has an easy user interface with well-designed features. Exodus galore with its pros over its cons, such as ShapeShift integration for quick cryptocurrency exchanges and easy and any time access to your crypto holdings.

Transactions over a crypto network can be made directly through the Exodus wallet. The transaction fee is paid to the network itself and not Exodus.

Click here to access Exodus

11. Jaxx Liberty

Jaxx was created in 2014, with the aim of simplifying the blockchain and attracting the masses to its unique selling proposition. Jaxx is a multi-chain wallet which offers support for seven cryptocurrencies, namely Ethereum, Bitcoin, Dash, Ethereum Classic, DAO, Litecoin, Bitcoin Cash, REP and many more. Very recently it has upgraded with advanced features and known as "Jaxx Liberty".

It is one of the best Ethereum wallets for ios and android users. Jaxx Liberty gives you full control over the wallet, which is highly accessible with desktop and mobile compatibility. It allows you to quickly convert between bitcoin, Ethereum, and DAO, and will also work for all the coins, and the Jaxx Liberty developers integrate in the future. It has been tagged as one of the best multi-currency wallets in the cryptocurrency wallet review.

It's available in the form of a desktop app, Android and iPhone apps and Chrome extension. Hence, it has all the features required to be one of the top Ethereum wallets-2020.

Click here to access Jaxx Liberty

12. Edge Wallet

Edge wallet is one of the most prestigious multi-currency wallets, which can be used even by beginners. You can buy, store and trade multiple cryptocurrencies in a single app, where you are in total control over your private keys. Edge is focused on user privacy and security, hence they adhere to cutting edge technology where the users can have secure access with just a PIN or touch ID.

Click here to access Edge Wallet

13. Ethaddress

Ethaddress is one of the best Ethereum paper wallets that allows you to create an Ethereum account with your public and private keys printed on a paper. Its secure, easy accessibility and cheap cold storage make it one of the top Ethereum wallets and the best part is that you can also encrypt your private key for additional protection.

This is good for generating bulk Ethereum addresses. You just have to visit there gitHub repo and download the code. Open the index.html file and now you can generate an address from the HTML page.

Click here to access Ethaddress

14. Coinomi

Coinomi is one of the oldest multi-platform, multi-chain cryptocurrency wallets available, trusted by over 2.5 million users. It is a Hierarchical Deterministic wallet that offers native support for over 125 blockchains and 1770 tokens and implements the strongest standards of security and privacy. It supports multi-seed setups, and each seed phrase can have its own encryption settings, according to its use case. No user data are ever collected by Coinomi, while users' IP addresses are obfuscated for total privacy. Coinomi was one of the first wallets to offer native segwit for BTC and 14 more blockchains, and users can switch between native segwit, compatibility, or legacy address formats with the click of a button. Users enjoy full control of their transaction fees and UXTOs in Coinomi while its UI is hailed as one of the most intuitive in the space, suitable both for first-timers and advanced users. Coinomi is translated in over 25 languages and boasts 175 Fiat representations as well.

Click here to access Coinomi Wallet

15. Bread Wallet

Bread (BRD) is a standalone cryptocurrency wallet for Android and iOS devices. It supports major coins like Bitcoin, Ethereum and Bitcoin Cash, and Ethereum ERC20 tokens. The BRD app connects directly to the cryptocurrency networks, where the wallets are stored. The keys to accessing the wallets are securely stored on the phone. The BRD app provides a unique Paper Key, which is a list of 12-words which can be used to recreate the keys to your wallet. If the phone is lost or upgraded, this Paper Key helps to recover the wallets and funds.

Click here to access Bread wallet

16. imToken Wallet

imToken is the world’s largest Ethereum digital asset wallet, with currently 6M users that produce ~10% of all Ethereum transactions on average. imToken wallet can be used for ETH, as well as all ERC-20 tokens. In version 2.0 of the imToken wallet, once can own and send digital collectibles like CryptoKitties.

Click here to access imToken wallet

FAQs On Ethereum Wallet

How to create ETH address?

Let's just take MyEtherWallet as its the most user-friendly of the lot. Once you go to https://www.myetherwallet.com/, create your wallet with a strong password. It's highly recommended to save the password somewhere. After that download your Keystore file and save it.

2. How do I get an Ethereum wallet?

We have provided with the links after explaining about the wallet features. You can click the one you find appropriate and just follow the steps. It's easy and convenient.

3. How do I withdraw money from my Ethereum wallet?

If you have Ethereum, and you need to move it, just create a new transaction to another address. If you have tokens, you will first need to deposit some ETH into the wallet, to be able to move the tokens. And if you need to cash out Ethereum, you can try to sell for cash on Coinbase, Bitpanda, or Kraken.

4. What is ERC20 wallet?

ERC20 tokens are the tokens created on the ETH blockchain, and they don't have their own blockchain. ERC20 tokens are stored on Ethereum addresses, use GAS to pay their transaction fees. ERC20 wallets are the ones that support ERC20 tokens like MyEtherWallet or MEW, Metamask, etc.

5. What is the best Ethereum wallet?

We have mentioned the top Ethereum wallets above, you can choose any of those. There are various factors, on the basis of which you can choose the best Ethereum wallets. Some of the factors include transaction fees, security, user expertise, etc.

6. What is an Ethereum wallet?

Ethereum wallets enable the users to store ether securely, without having the open threat of malicious attacks. It is an open-source software which works on a decentralized network, based on a blockchain platform and smart contract functionality.

7. Is MyetherWallet safe?

MyEtherWallet is one of the most secure web-based Ethereum wallets, which has maintained a reputation for being user-friendly.

8. How do I access the Ethereum wallet with a private key?

You just need to "import wallet" and paste your private keys string there. By using your private keys, you can access your ether, and control your funds at your fingertip.

CoinSwitch enables businesses to convert over 300 cryptocurrencies with our powerful Fixed and Dynamic rate APIs. CoinSwitch exchange APIs are being used by many top cryptocurrency wallets across the globe like Trezor, Exodus, imToken, Guarda etc. Are you interested in providing your users an option to exchange coins within the wallet? For more information please reach out to partnership@coinswitch.co or refer our API documentation.

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