Simple Guide to the Best Electroneum Wallets in 2024
If you are planning to dive into the crypto world and start a new endeavor, you will inevitably need a wallet to manage your digital funds. If the cryptocurrency of interest is the ETN coin, there are limited service providers on the market currently, and you can get more information about them in the Electroneum wallet reviews that are mentioned in this article. Before you get to learn more about the most prominent features typical for all Electroneum wallets, I will tell you my golden tips for choosing the best and most suitable one for you.
01.The Best Electroneum Wallets
In my other articles you will find two different sections of wallets but with ETN, the options are quite limited. That’s why I decided to unite them here and present the full package of information to you in one go. Check the table below and you will see exactly 3 representatives respectively offering web, mobile or desktop clients. All of them support only ETN. Keep that in mind as you won’t be able to send/receive other coins using those clients, and in case you send anything besides Electroneum to your address, it will be irreversibly lost. If you have a clear vision of your needs it will be way easier for you to choose an ETN wallet, let me give you an example.
If you want to use it every day, everywhere and any time, it will be best to go ahead with mobile wallet because it’s the only one offering such accessibility and real-life integration. On the other hand, the constant connection with the internet leads to higher chances of security breaches. If you are planning huge investment don’t trust any mobile wallets, choose the desktop wallet and use 1 desktop computer specifically for the purpose of managing your coins, browsing will lead you to the same threats as the mobile wallets. Web wallets are also useful because you can get access from any computer or mobile phone but bear in mind that usually, they have your private and public keys and if the platform gets hacked you will lose everything. It is never a good idea to use mobile or web wallets for large amounts of digital currencies.
| Type | Name | Compatibility | Supported Coins | Pros & Cons | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full Electroneum Core Client Review |
ETN only |
Official ETN Core Wallet You Have to Download the Whole Blockchain |
Download | |
| Mobile Wallets | Full Electroneum Review |
ETN Only |
Official Electroneum Mobile Wallet Available Only for Android |
Download | |
| Web Wallets | Full My Electroneum Review |
ETN Only |
Two-Factor Authentication Not Hierarchical Deterministic |
Visit Website |
02. Common Features of Electroneum Wallets
Since the wallets where you can store Electroneum are only a few you can imagine that there are not many features which we can distinguish as “common”. The one that I would like to mention is a security one and it’s explained in the next section.
Security and Privacy
Regarding Electroneum security, I can state that the level of it is good enough. At least when you possess your private and public keys or otherwise said, you don’t use the web version. The most typical and commonly met as a security feature of all Electroneum wallets is the оpen-source code. It provides the opportunity to all users to verify or even to alter the code. Apart from that every user can suggest improvements or participate actively in the process of development.
Transaction Fee Management
The fee management with Electroneum is more than simple, you don’t have any options to control the fee as it’s fixed to 0.1 ETN per 1KB of information.
03.FAQ
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How do you mine with your phone?
At this point you cannot, the phone mining at this current stage is just a simulation and you cannot mine with your phone or at least for now.
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Will mining with my phone drains the battery too fast and make the phone overheat?
It is expected the project to develop such mining, but it won’t interrupt the life expectancy of your phone or at least that what Electroneum development team states regarding that matter.
04.About Electroneum
The project was designed to provide the opportunity to get familiar with cryptocurrencies and their derivatives without any technical knowledge and make the crypto world easier to assume by the mass audience. The ICO campaign started on September the 14th in 2017 and its main goal was to establish a blockchain which will limit the usage of ASIC and GPU miners and allow users to run the blockchain on their mobile devices. Both of those goals are not yet reached because up to this date, the Electroneum coin is still minable with ASIC`s and the phone mining is not yet fully completed and released for mass consumption. Currently, the mobile version is developed for IOS and Android too, but it is only showing a simulation of the eventual future of mobile mining.
Electroneum seems to be an extraordinary coin with unique and innovative conception capable of changing the perceptions of mining in the closest future.