Simple Guide to the Best OmiseGo Wallets in 2024
Speaking of OmiseGo wallets refers to all Ethereum wallets because it is an ERC-20 token and it operates under the ETH blockchain. There is no dedicated one for the OMG token, but in this article we will explore all possible alternatives with their pros and cons. Of course, you will have the chance to read detailed reviews of the OmiseGO wallets.
01.The Best OmiseGO Wallets
I will start with the top representatives that fit the criteria “best OmiseGo wallets”. Before we get to the point and review all of them you must understand that all wallets are used to store, receive or send digital assets but the true differences are the additional features attached to them. In the table below, you will find examples of each type of wallets: mobile, web, desktop and hardware. Let’s take a look at the table first and later on I will explain in detail about the clients.
| Type | Name | Compatibility | Supported Coins | Pros & Cons | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full Exodus Review |
16 Coins 76 Tokens |
Built-In Exchange Hierarchical Deterministic |
Download | |
| Hardware Wallets | Full Ledger Nano S Review |
47 Coins ERC20 Tokens |
Highest Security Costs Around 100$ |
See Pricing | |
| Mobile Wallets | Full Jaxx Liberty Review |
18 Coins 42 Tokens |
Built-In Exchange No Two-Factor Authentication |
Download | |
| Web Wallets | Full MyEtherWallet Review |
ETH ERC20 Tokens |
Open Source No Two-Factor Authentication |
Visit Website |
Complete List of OmiseGo Wallets
If you are still not satisfied with the offered options where you could store Omisego tokens, I have more available for you. For those eager to get familiar with all possible alternatives I have prepared a longer, complete list of all OmiseGo wallets. Do not hesitate to click the links and learn more about any wallet of interest. In the next part, I will give you a basic idea of how to choose a wallet and cover all your amendments.
| Name | Type | Compatibility | Supported coins | Private Key | Blockchain | Key Features |
|---|---|---|---|---|---|---|
| Bitpanda | Web |
17 Coins |
key No Access |
Not Needed |
Built-In Exchange No Control Over Private Keys |
|
| Citowise | Mobile |
38 Coins ERC20 Tokens |
key Full Control |
Not Needed |
Hierarchical Deterministic No Two-Factor Authentication |
|
| CoinSpot | Web |
30 Coins 20 Tokens |
key No Access |
Not Needed |
Multi-Coin No Control Over Private keys |
|
| Coinfy | Web |
14 Coins 6 Tokens |
key Full Control |
Not Needed |
Open Source No Two-Factor Authentication |
|
| Coinomi | Mobile |
119 Coins ERC20 Tokens |
key Full Control |
Not Needed |
Hierarchical Deterministic No Two-Factor Authentication |
|
| Exodus | Desktop |
16 Coins 76 Tokens |
key Full Control |
Not Needed |
Built-In Exchange Hierarchical Deterministic |
|
| Ginco | Mobile |
13 Coins ERC20 Tokens |
key Full Control |
Not Needed |
Hierarchical Deterministic No Two-Factor Authentication |
|
| Guarda Wallet | Desktop, Mobile, Web |
24 Coins ERC20 Tokens |
key Full Control |
Not Needed |
Built-In Exchange No Two-Factor Authentication |
|
| Infinito Wallet | Mobile |
40 Coins ERC20, NEP-5 Tokens |
key Full Control |
Not Needed |
Hierarchical Deterministic No Two-Factor Authentication |
|
| Jaxx | Desktop, Mobile |
18 Coins 42 Tokens |
key Full Control |
Not Needed |
Built-In Exchange No Two-Factor Authentication |
|
| Hardware |
47 Coins ERC20 Tokens |
key Full Control |
Not Needed |
High Security Costs Money |
||
| Hardware |
24 Coins |
key Full Control |
Not Needed |
High Security Costs Money |
||
| Desktop |
ETH and ERC20 Tokens |
key Full Control |
Full Download |
Official Ethereum Wallet Need to Download the Whole Blockchain |
||
| Web |
ETH ERC20 Tokens |
key Full Control |
Not Needed |
Open Source No Two-Factor Authentication |
||
| Hardware, Desktop, Mobile, Web |
40+ Coins ERC20 Tokens |
key Full Control |
Not Needed |
Two-Factor Authentication Costs Money |
||
| Model T | Hardware, Desktop, Mobile, Web |
40+ Coins ERC20 Tokens |
key Full Control |
Not Needed |
Hierarchical Deterministic Costs Money |
If you examined the table already it means you have now the knowledge to go further and learn how to sift through the diversity of features those wallets offer. Since we’re indirectly speaking of ETH wallets, usually they offer Multi-Coin support and that’s a benefit, as you can hold and manage many different coins. Figure out how and where you intend to use the OmiseGO wallet, in this way you will determine the client type: mobile, desktop, hardware or web. This is tightly related with the usage and the security, devices exposed to 24/7 internet connection are at higher risk of hack attacks. Friendly advice of mine, if you are looking for daily usage solution, get a mobile wallet but don’t store much there. If you want safety just purchase hardware wallet for OMG tokens, it will cost you around 100$.
02. Common Features of OmiseGo Wallets
As I mentioned already Omisego is a token and the common features of the wallets are typical for any Ethereum or multicoin wallet. That worth mentioning and with significant impact on the user`s experience are related to the privacy and security measures. For example, Two-Factor Authentication, HD and open-source code. Another thing which may confuse you is that all wallets with ERC20 tokens support Ethereum but the opposite statement isn’t valid. Be careful when sending tokens to a wallet and make sure they’re supported, or you will lose them.
Security and Privacy
I already told you about the common features, but I haven’t gone into detail. Have a look below for a detailed overview. Meanwhile, I want to emphasize the fact that possessing all three of them guarantees you proper protection from outside threats. I have provided you with the best options that combine all these features, just scroll down.
Two-Factor Authentication
Extra precaution placed as a second security code on your account. Used by big brands like Ledger and others.
Hierarchical Deterministic (HD)
It generates a combination of words called “seed” used to recover the access to your account. In addition, it also created multiple addresses which increases your privacy.
Open Source
The Open-Source Code gives the opportunity to users to double check the code of authenticity.
Secure OmiseGo Wallets to Consider
Transaction Fee Management
The freedom to manage your fees is provided by several wallets but meanwhile you need to know that all transactions on the Ethereum network require Ether in your account, otherwise, it will say “Insufficient funds”. To cover the cost of “gas” needed for the transaction you need to have 0.002ETH. Regarding the fee management, you have 3 options. Full control wallets – you can choose between recommended fees or you can set a value of your choice. Suggested fees – absolutely the same but without the options to amend or change the fee manually. No control wallets are those coming with your crypto exchange registration, the fees are only predetermined, manual choices are not optional.
| Fee Control | How does it work? | Supported by |
|---|---|---|
| Full control with suggested fees | The wallet shows the recommended fees and you can adjust them manually | Mist, Ledger |
| Suggested fees without option for manual control | You have 2 or 3 options of fees and you can only choose between them | Jaxx |
| No control | The fees are predetermined, and you can’t change anything manually | Most of the Exchanges have no fee control. (e.g. Binance, Bittrex) |
03.FAQ
-
What is the token ERC-20 standard?
This is a term native to the Ethereum network only. ERC-20 token interface standard which acts as a subset. They are smart contracts with previously set rules and values, only when certain specification is reached the contract is executed.
-
How Much Ether You Need to Send Tokens?
To perform any type of transactions on the Ethereum network you need “Gas”, which cost 0.02ETH per transactions. So that makes the possession of Ether in your account, a must.
04.About OmiseGo
The OmiseGo project was initiated by Jun Hasegava and Donnie Harinsut in 2017. Public figures like Vitalik Buterin and Gavin wood joined the project as main advisors. Since OMG is a token, its initial crowdfunding or so-called ICO raised over 25 million USD and turned down over $100 million in the process. As a matter of fact, it is the first Ethereum token which ICO exceeded $1 billion total market cap in 2017. The main goal of Omisego is to deliver fine financial services for people using traditional banking services and for countries still developing such infrastructures. The project is still part of the Ethereum public blockchain and the official release was expected in 2017 but obviously is not still operational. Despite that, there is a future plan published online stating the expectation to be massively scalable decentralized exchange with integrated liquidity provider mechanism and asset-backed blockchain gateway. We can only wait and see the outcome of the project which probably will occur in the following 2018.