Top 13 Best Ethereum Wallets 2019

best eth wallets

Ethereum (ETH) cryptocurrency is the second-largest coin by capitalization after Bitcoin. It is very popular and often used by investors from all over the world. Such widespread use has led to the emergence of many different wallets for storing Ether. This opened up opportunities for hackers to steal the funds of inexperienced users (more on this below). So how is it safe to store Ether and which Ethereum wallet can be considered the best?

Providing an unequivocal recommendation on Ethereum wallets from a position that is better is a difficult task. Everyone should focus on the goals and features of cryptocurrency use. Let’s see what kind of wallet for Ethereum (ETH) cryptocurrency you need with Changelly!

How to choose Ethereum Wallet

To select the Ethereum wallet that is suitable for your goal, you need to have a basic understanding of the principles of the blockchain and the storage of cryptocurrency. There are four types of wallets:

  • Hardware. It is a USB device that stores your private keys in encrypted form. Such a wallet is considered one of the safest.
  • Desktop (application). It is an application that is downloaded and installed on your PC or smartphone. Access to the wallet is possible only through this device.
  • Online (web wallet). It is a website that is a wallet. Access is possible from any device connected to the Internet.
  • Paper. In fact, it’s just a piece of paper on which your private key is written. This method has one crucial vulnerability: if the leaf with the key is lost, access to the wallet will be impossible to recover.

If you consider Ethereum wallets in terms of security, you need to pay attention to the following parameters:

  • Where are private keys stored and who has access to them. Private keys should only be with you, and they should never be transmitted to the platform servers or anywhere else.
  • Development team. What kind of people are they, what is their reputation, can they be trusted? These questions can be answered on forums and sites like GitHub.
  • The ability to recover data. Many wallets offer the ability to recover data if money were lost. This is a perfect feature that will help to guarantee security.

Ledger Nano S

ledger nano s

Every serious Ethereum trader needs Ledger Nano S because it is one of the best digital wallets. Ledger Nano S is a hardware wallet that provides support for Ethereum, all ERC-20 tokens, and cryptocurrencies, such as Bitcoin, Ripple, and Litecoin. Moreover, the device has a rather competitive price.

The main advantage of this wallet is security because cryptocurrencies are stored on a device that works offline. Ledger Nano S contains two-factor authentication, protected by a PIN code and codewords for recovery. Ledger Nano S is integrated with MyEtherWallet, so it allows you to send, receive, and store tokens. It is compatible with Windows, macOS, and Linux.

  • Type: Hardware
  • Platforms: PC, masOS, Lunux, Android
  • Security level: High
  • Website: https://shop.ledger.com/products/ledger-nano-s

Ledger Nano X

ledger nano x

Ledger Nano X is Ledger’s newest hardware wallet. The Ledger Nano X is a Bluetooth crypto wallet that keeps your private keys safe. 2 buttons, 1 transaction confirmation screen, protected certified digital chip, operating system: BOLOS, Bluetooth and Ledger Live support on PC, Android smartphones and iPhone Nano X connects to iOS devices, while Nano S only works with desktop PCs and Android. Ledger Nano X can install up to 100 applications at a time. The wallet supports 1100+ different crypto assets.

  • Type: Hardware
  • Platforms: BOLOS, Bluetooth and Ledger Live support on PC, Android smartphones and iPhone
  • Security level: High
  • Website: https://shop.ledger.com/products/ledger-nano-x

Trezor

trezor hardware wallet

Like Ledger Nano S, Trezor is also a hardware wallet that allows you to store Ether and all types of ERC-20 tokens. Even though it was created to store bitcoins, now Trezor is one of the most popular Ethereum wallets that can be used with the MyEtherWallet web interface.

The device supports Bitcoin (BTC), BCash (BCH), Litecoin (LTC), Dash (DASH), Dogecoin (DOGE), Ethereum Classic (ETC) and other digital currencies. The wallet includes advanced security features, such as two-factor authentication, SSH, and GPG encryption. Trezor is lightweight, compact, comes in two colors – silver and black, it is compatible with Windows, macOS, and Linux.

  • Type: Hardware
  • Platforms: Windows, Linux, Mac OS
  • Security level: High
  • Website: hhttps://trezor.io/

KeepKey

keepkey

KeepKey is a USB-enabled hardware wallet that has features similar to the Ledger Nano S and Trezor. This is the most expensive hardware wallet on our list, probably because of its large screen.

One of the features of this wallet is the ability to generate private keys using a random number generator. Like the other two, it supports the most popular operating systems.

Mist Wallet

mist crypto wallet

Mist is the official Ethereum desktop wallet designed to store ETH and all ERC-20 tokens securely. It is easy to download, install, and configure, as it does not require specialized technical knowledge. It provides access to both public and private keys.

After full installation and synchronization, the storage occupies 667 GB on the hard drive. Installation is performed at the prompt of the installation wizard, so it does not cause difficulties. The program has a convenient menu that allows you to access the main commands. A strong password is set to protect your assets. A recovery function is provided.

High PC requirements. Due to the need to download blocks, computer requirements are increasing. The PC should have an SSD or HDD with a capacity of about 1 TB. The synchronization process when using the HDD reaches several days. Many recommend using a PC with an SSD to speed up the process.

MyEtherWallet

mew

MyEtherWallet is the world’s most famous online wallet for storing Ethereum and its tokens. It is a web service for accessing the Ethereum blockchain, for which you need only a browser. You do not need to download and install anything on your PC. You can access your wallet from any computer that is connected to the Internet.

This is undoubtedly a very convenient feature, but along with this convenience, there is another undesirable option – a vulnerability for hackers. 

Private keys and passwords for accessing the wallet are transmitted to the site and fraudsters can access them, misleading inexperienced users. This is called phishing.

There are plugins and extensions to the browser that allows you not to transfer private keys to the Internet. These plugins can be used for authorization in the MyEtherWallet wallet, and we will talk about them later. Besides, you can unlock the wallet using a device such as Ledger. Now, remember this wallet, because it is trendy and original.

  • Type: Web
  • Security level: Middle
  • Website:https://www.myetherwallet.com/

Freewallet

freewallet logo

Freewallet is a multi-cryptocurrency web and mobile wallet with a user-friendly interface. The mobile wallet is available both for iOS and Android. You can store Ethereum coins as well as 30+ other available ones (e.g. BTC, DGB, DOGE, XLM, XMR, etc.)

The most enjoyable part is free transfers between Freewallet users. The wallet is secured by two-factor authentification and pin-code. You can also add your fingerprint on your phone to keep your assets safe.

The wallet includes exchange and purchase functions. It’s easy to buy cryptocurrency with a credit card and exchange your coins. You don’t need to fill in your wallet address, the app will do everything for you.

Exodus Wallet

exodus crypto wallet

Exodus Wallet is the first multi-currency desktop wallet that is suitable for storing Ethereum. It is a cross-platform PC application. Today, Exodus supports about 90 different cryptocurrencies, and this is its huge plus. Also, it has an excellent, intuitive user interface and a built-in ShapeShift exchanger, with which you can change one currency to another.

Exodus wallet always stores private keys on the user’s PC and never transfers them to the network. But it should be said that the wallet requires a permanent Internet connection, and this makes it somewhat more vulnerable compared to hardware solutions.

If you operate with different currencies and you continuously need to make transactions, then Exodus is excellent for this. If you store a large amount in one coin, it is better to look at the side of hardware wallets.

  • Type: Desktop Client
  • Platforms: Windows (64-bit), Mac OS and Linux. Users can also join the Exodus Movement on Slack, a popular messaging platform.
  • Security level: High
  • Website: https://www.exodus.io/

Metamask

metamask wallet

Metamask is an extension for the browsers Chrome, FireFox, Opera. This Ethereum wallet is one of the most convenient, easy, and safe. In addition, it can unlock all kinds of online wallets.

Besides, Metamask allows you to run and interact with decentralized applications in the Ethereum blockchain, without installing a full node. This is more than just a wallet.

The Metamask application stores private keys in an encrypted form in the browser and does not transfer them to its servers. It also regularly updates the database of phishing and malicious sites and will warn you if you visit a site from this database. This Ethereum wallet is actively safe.

Metamask allows you to store and send Ether and all tokens of the ERC-20 standard. According to the editors, this is the best Ethereum wallet to date.

Jaxx

jaxx wallet

Jaxx is known for its popularity among iOS and Android users; it is compatible with Windows, macOS, Linux, and Chrome. The wallet offers support for the most popular cryptocurrencies – Ethereum, Ethereum Classic, Bitcoin, Dash, DAO, Litecoin, BCash, REP and others. It has a convenient design, a high level of security, and, most importantly, there is support for smart contracts. 

  • Type: Desktop Client, Mobile, Web
  • Platforms: iOS and Android, downloads for Windows, Linux and OS X and a browser extension for Chrome
  • Security level: High
  • Website: https://jaxx.io/

Coinomi

coinomi wallet

Coinomi wallet was created back in 2014. Over the years, it has never been hacked by hackers, which confirms its reliability. There is the possibility of exchanging cryptocurrencies inside the store, round-the-clock support service is provided, and there is a multilingual interface. Besides, the wallet guarantees a high level of security and ease of use. To create storage, download the application, and install it on your smartphone.

  • Type: Mobile
  • Platforms: iOS and Android
  • Security level: High
  • Website: https://www.coinomi.com/

Lumi Wallet

lumi wallet logo

Lumi is a mobile and web wallet available for iOS and Android. With the wallet, users can store Bitcoins, Ethereum, Bitcoin Cash, EOS and tokens.

Lumi is a safe and convenient solution for cryptocurrency market professionals and beginners. The service does not require registration with the obligatory entry of personal data and is completely anonymous. Customers can buy cryptocurrency easily with their credit card.

Lumi wallet is all about security. You can protect your wallet with PIN and Touch or FaceID. A 12-word backup phrase can recover your funds in case you forgot your password. Lumi provides the safest way to store your Ethereum coins as well as other supported coins. The company takes the protection of customer information seriously. Private keys are stored exclusively on the user’s device.

Ethereum Paper Wallet

Ethereum Paper Wallet

Considering the storage for Ethereum, it is worth highlighting paper wallets that are generated on special online services and then printed on a regular sheet of paper. To create a repository, you can use the EthAddress project, which is a wallet generator. 

Why Paper Wallet is so popular among crypto investors?

  • They are easy to use. Creating a paper wallet does not require much effort or technical knowledge. A few simple steps will greatly secure your coins. Using hardware wallets is much more complicated.
  • They are autonomous. Such a wallet is not available online for hackers and scammers, so it lies in your locker. Your currency is presented as a piece of paper on which keys are printed. Such a wallet is like an expensive cash receipt, with which you can use the funds or transfer them to anyone.
  • No hardware issues. Paper wallets are more secure and secure than hardware wallets that can be damaged and that may have software malfunctions. A paper wallet is the easiest form of cryptocurrency storage.
  • Easy to pass on to someone close. If something happens to the owner of the cryptocurrency, then his relatives are unlikely to have access to his exchange or hardware wallets. However, a paper wallet can easily be stored as part of valuable assets in its locker or physical space.

Final Thoughts

Here are three very important tips when working with any wallet:

  • Always make backups. In case of loss of data or the PC on which the wallet is located, you can restore access to it using the backup. It could be a file, or a SEED phrase or something else.
  • Set the maximum level of security. It’s better to overpay money than to neglect security and become a victim of hackers. History remembers cases when hackers stole cryptocurrency from the computers of famous crypto bloggers, gaining access to the management of their PC.
  • Update your wallet version regularly. This is a very important point, because developers fix problems in the code, including security issues.

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements.  Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.


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