Simple Guide to the Best EOS Wallets in 2024
Getting your hand on EOS relates to profitability, after all, it is well-known cryptocurrency taking its place in the top 5 market performers. Before you start your new endeavor and invest your money in EOS you need to have a wallet suitable for that purpose which will help you store and manage your funds. Picking the right wallet could be complicated especially when there are plenty of options. You may think that they are identical but, they are not. In this review of EOS wallets, I have prepared everything that you need to know in order to help you determine your needs and pick the right one for you.
01.The Best EOS Wallets
The choice is strictly individual and entirely based on personal preferences and needs. My recommendation is to carefully overview all possible options, explore their specifications and most importantly figure out how, when and why you will use your wallet. Later on, I will give you my golden tips and I will explain how I choose a wallet for myself but now let’s first overview those ones, which I find as “the best EOS wallets”.
| Type | Name | Compatibility | Supported Coins | Features | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full SimplEOS Review |
6 Coins 1000+ Tokens |
– Voting – Staking – Built-in Marketplace |
Download | |
| Full Scatter Review |
4 Coins 1000+ Tokens |
– Built-in Exchange – dApp Support – Open-source |
Download | ||
| Hardware Wallets | Full Ledger Nano S Review |
80+ Coins 1100+ Tokens |
– HD Wallet – Staking – Open-source |
See Pricing | |
| Full Trezor Review |
50+ Coins 1000+ Tokens |
– HD Wallet – U2F authentication – Offline Storage |
See Pricing | ||
| Mobile Wallets | Full Edge Review |
20+ Coins 1000+ Tokens |
– Built-in Exchange – SegWit support – Node Selection |
Download | |
| Full Infinito Review |
14 Coins ERC20 Tokens |
– Built-in Exchange – Contact Management |
Download | ||
| Web Wallets | Full Eostoolkit Review |
EOS Coin 1000+ Tokens |
– Staking – Voting – Multisig |
Visit Website | |
| Full Bloks.io Review |
EOS 6 Tokens |
– Staking – Marketplace – Voting |
Visit Website |
Complete List of EOS Wallets
For those of you eager to know everything I have prepared the next list of wallets which includes all possible options on the market. You will be able to find all types of wallets with many different functionalities which could confuse you at some point but after you’ve read the next section of this article you will know what is what.
| Name | Type | Compatibility | Supported coins | Security | Features |
|---|---|---|---|---|---|
| Atomic | Desktop, Mobile |
EOS 6 Tokens |
Passphrase |
– Staking – Marketplace – Voting |
|
| Bloks.io | Web |
EOS 6 Tokens |
Passphrase |
– Staking – Marketplace – Voting |
|
| Circle Invest | Mobile, Web |
11 Coins 3 Tokens |
Pin, Fingerprint, 2FA |
– Fiat Gateway – Instant Bank Deposits |
|
| Coinbase | Mobile, Web |
9 Coins 6 Tokens |
Passphrase, Pin, Fingerprint, 2FA |
– Built-in Exchange – Location Based Transactions |
|
| Coinpayments | Mobile, Web |
80+ Coins 1000+ Tokens |
Passphrase, Pin, Fingerprint |
– Fiat Gateway – PayByName feature – QR Scanner |
|
| Coinspace | Web |
9 Coins 1000+ Tokens |
Passphrase, Pin |
– Built-in Exchange – Location Based Transactions |
|
| Edge | Mobile |
20+ Coins 1000+ Tokens |
Passphrase, Pin, Fingerprint, 2FA |
– HD Wallet – Built-in Exchange – Built-in Marketplace |
|
| Eostoolkit | Web |
EOS 1000+ Tokens |
Passphrase |
– Staking – Voting – Multisig |
|
| Exodus | Desktop, Mobile |
25 Coins 79 Tokens |
Passphrase, Fingerprint |
– HD Wallet – Built-in Exchange – Hardware Support |
|
| Guarda | Desktop, Mobile, Web |
40+ Coins 1000+ Tokens |
Passphrase, Fingerprint |
– Built-in Exchange – Fiat Gateway – Built-in Asset Swap |
Now, you are familiar with your options of a wallet for EOS and it’s about time I elaborate on the subject and show you the real differences between them. But first I intend to share with you which factors you need to focus on. In case you are looking to use your wallet on a daily basis, mobile ones are the most convenient choice for you as you can access them from pretty much everywhere. On the other hand, the constant connection to the internet will expose your device to many threats. For more serious investments I will recommend you purchase a hardware wallet because you will be able to combine both security and accessibility in one. In case you don’t want to spend money, you can always dedicate a domestic computer and take advantage of a desktop wallet. To increase the level of security it will be best if you don’t use that PC for any other activities apart from your wallet management. As less, you get in contact with dangerous websites and you keep your anti-virus software updated, everything should be alright.
02. Common Features of EOS Wallets
During my research, I came across many common features but most of them related to the privacy and security but for that, I dedicated the next section. Otherwise, if you pay attention to the details you will see that many wallets have built-in-exchange and user-friendly interface as a commonly met addition.
Security and Privacy
Security and privacy are highly valued by the crypto society. They are part of the foundation of each blockchain. Below you will find an extensive explanation of each one and how they interact with your day-to-day operations. Some of them are bringing amazing functionalities to your user experience, others are significantly increasing the level of security of your digital funds.
Unstaking Cooldown
For security reasons, the network doesn’t allow users to withdraw their staked coins in the first 72 hours after they have unstaked their resources. This mechanism was put in place in case an unauthorized user gets hold of the private keys of someone else and tries to steal the funds.
Open Source
The code is available for every user on the network in order to let them freely participate in the development process of the blockchain and make an audit for himself.
Secure EOS Wallets To Consider
Wallets for EOS Staking
Staking EOS is available with CPU, RAM or bandwidth but the wallets supporting that option are directly connected to the network. Meaning that only the wallet providers which have advanced knowledge of how a blockchain network works can implement these features to their wallets. The actual staking process includes the resources you buy but in general to use the network and the applications you need to “lock in” some resources. In order to create an account on the network, you must pay a small amount of your resources.
With EOS the block creation is placed in the hands of 21 Delegates which are chosen by the community via public vote and they are in charge of the validation and creation of new blocks. The selection of delegates works the following way: each user must vote for 30 other users, the first 21 users with the highest percentage of votes are elected as block producers.
Transaction Fee Management
There are no transaction fees on the network. The only “fee” you’ll need to pay is for creating an account on the network. The fee varies depending on how much of the resources are staked and how much of the overall resources are sold on the marketplace, but roughly the Account generation fee is between 0.5 EOS and 2 EOS for most wallets.
03.FAQ
-
Do I need to pay to use a wallet?
Yes, a small fee is required when you are creating your wallet. At the very beginning, you need to pay the minimum resources required to start your wallet. Also have in mind that if your RAM, CPU or bandwidth are not enough, you won’t be able to perform any transactions.
04.About EOS
Daniel Larimer was the leading developer and he started the project back in 2017. Just a few months later he totally gave up on his old project Steem and redirected his efforts to start, shape and develop EOS with the main goal to be the leading competitor to Ethereum. His idea was to create a faster and more secure network than Ethereum. The truth is that this never happened because of the consensus mechanism used in EOS. This is because dPoS gives the opportunity to all users to vote and choose the networks delegators but realistically some users are paid to vote and by this way, the network becomes more centralized. The same delegators have many rights and they can freeze the chain and obstruct the block creation and the whole process itself. Different people have different opinions on this mechanism, but overall the community has agreed that it is a “double-edged sword”.
The ICO campaign was active for around a year and successfully raised over 4 billion USD. The biggest mystery is that nobody knows where block.one placed the accumulated capital and it’s still unclear if it’s going to be used to develop the project further. The latest news that I was capable to acquire is that the network is left in the hands of its community and the development team has no intentions to get involved with the project from now on. That being said block.one has admitted that they would rather focus on a new project called “voice” instead of trying to pull the strings on the future development of EOS.