Simple Guide to the Best Ethereum Wallets in 2024
A lot of people in the crypto sphere like to refer to Ethereum as the other giant of the crypto world after Bitcoin. I created this article in order to assist users that would like to be active on the Ethereum network to make their choice when it comes to an ETH wallet. All wallets that I have listed here are divided into categories and I have highlighted their features and unique aspects. Continue reading and hopefully by the end of the article you would’ve picked your most suitable Ethereum wallet.
01.The Best Ethereum Wallet
Here I have made a list of what I consider to be the best Ethereum wallets on the internet. As you can see below, the pros, cons and unique features have been listed for each type of wallet as well. Make sure to check out which OS they can support while making your choice. Also, you can click on their reviews in order to obtain more detailed information that will help you with your choice.
| Type | Name | Compatibility | Supported Coins | Features | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full Exodus Review |
25 Coins 79 Tokens |
– HD Wallet – Built-in Exchange – Fiat Gateway |
Download | |
| Full Geth Review |
ETH 1000+ Tokens |
– HD Wallet – Different Node Modes – Block Production |
Download | ||
| Hardware Wallets | Full Ledger Nano S Review |
80+ Coins 1100+ Tokens |
– HD Wallet – Open source – Third Party Wallets and Service Integration |
See Pricing | |
| Full Trezor One Review |
50+ Coins 1000+ Tokens |
– HD Wallet – Offline Storage – Third Party wallets and Service Integration |
See Pricing | ||
| Mobile Wallets | Full Edge Review |
20+ Coins 1000+ Tokens |
– Built-in Exchange – SegWit support – Node Selection |
Download | |
| Full Jaxx Liberty Review |
18 Coins 42 Tokens |
– Built-In Exchange – HD Wallet |
Download | ||
| Web Wallets | Full MyEtherWallet Review |
30 Coins 1000+ Token |
– Open Source – Built-in Exchange – QR Scanner |
Visit Website | |
| Full Opera Review |
ETH 1000+ Tokens |
– HD Wallet – ERC 721 Support – dApp Support |
Visit Website |
Complete List of Ethereum Wallets
If you have not made your choice from the list of the top wallets for Ethereum, fret not. I have thought ahead and listed all of the ETH wallets that are available along with their supported OS, special features and reviews.
| Name | Type | Compatibility | Supported coins | Security | Key Features |
|---|---|---|---|---|---|
| Geth | Desktop, Mobile |
ETH only ERC20 Tokens |
Passphrase |
– HD Wallet – Different Node Modes – dApp Support |
|
| Abra | Mobile |
20+ Coins 6 Tokens |
Pin |
– Built-in Exchange – Fiat Gateway |
|
| AirGap | Mobile |
6 Coins |
Passphrase |
– HD Wallet – Built-in Exchange |
|
| Atomic | Desktop, Mobile |
30+ Coins 1000+ Tokens |
Passphrase |
– HD Wallet – Atomic Swap – Fiat Gateway |
|
| BitGo | Web |
10 Coins 180+ Tokens |
Passphrase, 2FA |
– HD Wallet – Multisig |
|
| Blockchain | Web, Mobile |
4 Coins 1 Token |
Passphrase, Pin, Fingerprint |
– Built-in Exchange – Fiat Gateway |
|
| Bread Wallet | Mobile |
3 Coins 120+ Tokens |
Pin, Fingerprint, 2FA |
– Fiat Gateway – Built-in Exchange – QR Scanner |
|
| Circle Invest | Mobile, Web |
11 Coins 3 Tokens |
Pin, Fingerprint, 2FA |
– Fiat Gateway – Instant Bank Deposits |
|
| 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 |
As you can see the list is quite extensive and it could be a little bit scary to look at. One thing is for sure, though, in that long list there should be something that will be according to your taste. They all have their unique and shared features. Continue on reading as I talk more about those features.
02. Common Features of Ethereum Wallets
Let me start with one of the most used and important features related to security. This one has to be top notch while you are dealing with online actions. Most of ETH compatible wallets provide total key control to you, the user. Key management is entirely your responsibility. Furthermore, the third parties here are trusted and the wallets connect to them to verify every payment.
In this section I will cover features that are considered common among most of the wallets. I consider security features to be the most important when it comes to Ethereum wallets and fortunately most wallets that support ETH give complete control of the keys to the user. This makes security of your funds entirely your responsibility, which is either a good thing or a negative thing depending on the type of person you are.
Security and Privacy
The broad world of crypto is inhabited by numerous users and providers. This demands privacy and security on a high level within the network. Playing an essential role for Ethereum wallets security is the fact, that most representatives are providing the private key control to you, the user. The rest are bringing it to a third party. Furthermore, the well spread with BTC wallets Multisignature aspect here is not so often occurring as a feature. Nevertheless, there are ETH types offering some extra security through passphrases. Furthermore, centralized validations are used by all Ethereum wallets. Let me give you various examples, including the most common ones:
Hierarchical Deterministic (HD)
Generating key pairs from one starting point only, also known as a seed phrase. The convenience and privacy aspect of such wallets is the fact, that just a seed can backup and restore the full wallet data (all the addresses). There is no other backup needed. More and more ETH Wallets are implementing this feature and in the near future it will be a must for every wallet. (e.g. Trezor,Exodus, Jaxx Liberty).
Two-Factor Authentication
This is an extra precaution, simply put as an extra unique credential. It still makes your access fairly easy. Good wallet examples are Ledger Nano S and Trezor.
Multisignature
When sending a transaction, it will have to be signed by several people before reaching the network. A top-level representative here are BitGo and Trezor.
Transaction Fee Management
The fee is the price you pay to the miners in the network to process your transaction. This makes higher fees equal to faster data transfer. Every ETH compatible wallet has different fee management. Some offer manual adjustments, other don’t. In the table below, you will find the main fee manipulations possible within the Ethereum network clients:
| Fee Control | How Does It Work? | Supported By |
|---|---|---|
| Full control With Suggested Fees | These types of wallets allow you to manually adjust your transaction fees. The transaction fee can be as low as 0.00000210 ETH | Geth, Ledger Nano S,MyEtherWallet |
| Partial Control | These wallets allow you to adjust your transaction fees based on their “recommended” fees. | Jaxx |
| No Control | These wallets usually determine the transaction fees based on how busy the network is or straight up offer only a fixed fee. | CoolWallet S |
03.FAQ
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What is the token ERC-20 standard?
ERC20 is a standard for tokens’ interface. It acts like a specific addition or a subset. This one is used only on the platform of ETH and requires a certain set of rules to be fulfilled in order to absolutely comply with its specifications.
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Are there different token standards?
What makes Ethereum tokens different from each other is their functions. You can tell the difference by simply reading the standard abbreviations. The most popular one is ERC-20. There are also:
-ERC-223- compatible with the ERC-20s, just improving the sending procedure to each token supported wallet.
-ERC-721- every token has a different value, even if it is exchanged in the same platform
-ERC-777 and ERC-820 – make transactions smoother and allow operators to create customizable standards.
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How Much Ether You Need to Send Tokens?
You can remedy that feeding 0.02 ETH to that account is needed, in order to make the token transaction. If you try to send tokens without having any Ether in your account, you will be told “no insufficient funds”. This means, you don’t have enough Ether in the account to cover the cost of Gas. Each transaction (including token and contract transactions) require such kind of transaction fee, which is paid in Ether.
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Can I store my ETH tokens on all wallets?
Basically, tokens are a main part of Ethereum’s network. That is why most wallets can store such assets and also give you the liberty to operate with them. There is one bump on the road though, compatibility. In case you receive or simply move digital wealth from one ETH wallet to another, which doesn’t support that type of tokens, they can be frozen for a while. Don’t worry, they are not lost, just undetected by the tool and you can’t use them. The thing you can do is install token compatible Ethereum wallet, type in your address, where the tokens are, and only then they will be manageable by you.
Most wallets for Ethereum support the currency’s tokens. Several examples of the ones that don’t are Jaxx and Exodus. Whether the tokens are supported is explained in each of the Ethereum wallet reviews that you will find on our website.
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How can I send Ethereum coins?
For sending ETH coins to another ETH wallet use the “Send” option in the main application menu. You need to know the destination address for this purpose. Bear in mind, that inside light wallets you can make only one direct transaction within the cryptocurrency blockchain that you use. For example, you are not able to do ETH to ETC straight away. Also, sending is always transaction fees related. They are miners’ reward and support the networks, that run the coins and tokens.
04.About Ethereum
I can start by pointing out, that Ethereum is the largest altcoin on the crypto market. The platform creator Vitalik Buterin is a well-known programmer, who participates in the Bitcoin Magazine as well. An interesting fact is that Vitalik got paid in Bitcoins back then.
The creator of Ethereum had tried unsuccessfully to toss the idea of a network, which is application-friendly. His idea was to do that through the core BTC network. Basically, he saw an opportunity to create functional and decentralized apps. After many attempts, he decided to try this idea on his own. That is why, after teaming up with few other crypto experts, at the beginning of 2014 the establishment of Ethereum platform officially began. Their aim was to present to the digital world decentralized applications with an improved base, relying on a general scripting language. Furthermore, the project was a huge success and right after the white paper was out, the price of the project had risen to about 18 million dollars.
Who is behind the ETH team? In addition to Vitalik, there are Anthony Di Iorio, Mihai Alisie and Charles Hoskinson. Ethereum is tradeable in almost all exchanges all around the globe. The coin itself is at a high price when its platform’s value increases.