Now that you are here, there are high chances you have been searching for the best Ethereum wallet without success. This is because there are thousands of wallets in the market, and they all claim to provide the best solutions to their prospects.
One of the biggest mistakes you can make, whether you are a newbie or a veteran in the crypto space, is to choose a cryptocurrency wallet without doing proper due diligence.
This is because there are many individuals and entities who have created highly attractive wallets whose main purpose is to scam unsuspecting clients and get away with their hard-earned assets.
Luckily, we have put together a list of the best and most reputable Ethereum wallets in this piece to help you make an informed decision in your search.
But First…Why Ethereum?
But First…Why Ethereum?If you have been following the realm of Blockchain lately, then you are aware of the fact that the center of attention is now Ethereum – which is the second-largest cryptocurrency after Bitcoin by market capitalization. Investing in Ethereum comes with a wide range of benefits, including:
High Liquidity: Due to the worldwide establishment of online brokerages, exchanges, and trading platforms that support Ethereum, this cryptocurrency has grown to become one of the most liquid investment assets. You can easily trade Ethereum for assets such as gold or for fiat currency at insanely low prices.
Lower inflation risk: Unlike fiat currency which is regulated by respective governments, Ethereum is decentralized and has a transparent inflation plan which is subject to less risk. It runs on an infinite system; hence you don’t have to worry about your assets losing value.
New Opportunities: Since Ethereum trading is relatively new, this cryptocurrency is becoming mainstream every day. This newness comes with unpredictable swings in volatility and price, and this could bring opportunities for admirable gains.
Top 10 Ethereum Wallets in 2023
If you are interested in investing in Ethereum, you need to know that one of the best ways to keep your assets safe from threats is to get the best coin wallet for Ethereum. However, as mentioned earlier, achieving this is easier said than done.
There are many options available, and when they are combined with misleading ads and unreliable information sources, choosing the best becomes a nightmare. Our ultimate desire is to help you secure the safest, most reliable, and affordable Ethereum wallet. This is why we have outlined the best Ethereum wallets in 2023. Read on!
1. Tezro
Of course, we can’t start without underlining our own Tezro app. Tezro holds a multitude of different currencies, meaning that you can not only store Ethereum on it but Bitcoin, EOS and even mainstream currencies like Dollars and Euros.
Tezro has a highly robust software making it one of the safest and most encrypted apps in the market. It also has an exchange feature, which allows you to trade assets inside the app without needing to have another one for that purpose.
Plus, it includes a messaging feature too. Tezro offers privacy, inclusivity and it’s very easy to use.
If you want to find out more about Tezro crypto wallet features click here.
2. Ledger Nano S
Ledger Nano S is, without a doubt, one of the best wallets to store Ethereum in 2023. What makes it better and more unique than most of the wallets you will find on this list is that it is a hardware wallet that is designed to look like a flash drive. Therefore, it does not exist as an online wallet. This cutting-edge ledger device allows users to store their Ether and all other ERC20 tokens.
Ledger Nano S is recognized across timelines as one of the most versatile and secure hardware wallets in the market. It features top-of-the-line security features, including a secure chip that helps in storing private keys, two-factor authentication, and a pin passcode. When backing up this hardware wallet, users are allowed to use a confidential phrase – and this makes it even more secure.
3. Trezor One
If you value your privacy but you aren’t sure which Ethereum wallet will work best for you, Trezor One could be what you need.
This is another hardware wallet that supports Ethereum and other ERC20 tokens. It was specially designed to hold bitcoin, but it eventually evolved to become one of the most secure, reliable, and fairly-priced Ethereum wallets that can easily be used with the MyEtherWallet web interface.
This hardware wallet has highly advanced security features that include Secure Shell, two-factor authentication, and military-grade encryption via GPG. It is a compact wallet that is compatible with multiple operating systems, including Windows, macOS, and Linux.
Apart from Ethereum, other cryptocurrencies you can hold on Trezor One include Ethereum Classic (ETC), Litecoin (LTC), Dogecoin (DOGE), Bitcoin Cash (BTC), Dash (DASH), and more.
Get the Tezro App
TEZRO is an all-in-one application for secure instant messaging and crypto payments, there is no need to have multiple chat applications or crypto wallets ever again. Your communication and finances are secure and encrypted under TEZRO. Try it now!
4. Exodus
Exodus is one of the most popular Ethereum wallets in the market. When you open the exodus website, you will be quick to notice that this company has invested in usability and design.
This wallet is always ready to use as soon as the application launches, making it a simple and intuitive cryptocurrency that is suitable for both newbies and experts.
If you need the best Ethereum wallet for Android or IOS, Exodus is your best bet. It has dedicated apps that ensure you store and track your assets when on the go. It is also compatible with Windows, Linux, OS X, and Trezor.
Exodus is fitted with a built-in shapeshift that allows users to trade between several blockchain assets without having to leave the wallet app. Additionally, you can use this wallet with your Trezor One wallet – and every coin supported by Trezor One will be supported by Exodus.
Exodus is regarded as the first desktop wallet that can hold multiple currencies. Apart from Ethereum, you can use Exodus to store, manage, and exchange 33 Ether tokens and 70 cryptocurrencies.
5. Jaxx Liberty
Jaxx was created in 2014, and 7 years later, it has grown to become one of the best multi-currency wallets in the crypto world. It was specially designed to simplify blockchain-based currency storage. Since then, this wallet has attracted millions of users around the globe, and its user-base continues to grow.
Since its inception, this wallet was branded as Jaxx. Recently, the company was rebranded and is now known as Jaxx Liberty. The rebranding came with a wide range of advanced features, and plans are underway to launch a hardware wallet.
Jaxx Liberty is one of the best iOS Ethereum wallets in the market. Also, it has a secure and reliable dedicated android app. It is also available in the form of a desktop app and is compatible with all major operating systems.
Apart from Ethereum, this wallet can also be used to hold other cryptocurrencies, including DAO, Bitcoin, Dash, Ethereum Classic, Bitcoin Cash, Rep, and more.
6. Atomic Wallet
The list of best Ethereum software wallets cannot be complete without mentioning Atomic Wallet. This wallet provides a handy way to store Ethereum. It retails with a plethora of revolutionary features, including a built-in exchange program, cutting-edge security features, support for over 300 coins and tokens, Atomic Swaps, and more.
This wallet has dedicated mobile apps for Android and iOS. Also, it can be used on major operating systems, including macOS, Windows, and Linux. What makes this wallet outstanding is that it has a growing project team and community that is regularly improving it and adding highly advanced features every week.
7. MetaMask
Metamask is not your usual Ethereum Wallet. It is a browser extension that allows users to store Ether and other ERC-20 Tokens. Additionally, it allows its users to access 2,652 decentralized applications (DApps) built on Ethereum.
In case you are a developer, Metamask allows you to design and run Ethereum DApps within your browser without the need to run the Ethereum node.
This wallet has a secure identity vault that provides a user-interface that can be used to manage multiple identities across different sites and sign blockchain transactions.
8. Coinbase
Coinbase is arguably the largest and one of the best coin wallets for Ethereum and other cryptocurrencies. Since its inception in 2012, this wallet has continued to provide a reliable and secure platform where merchants and users can transact with digital currencies.
It is regarded as the oldest, most authentic, and oldest wallets in the market. You can access the Coinbase wallet in both the app and web versions.
Apart from Ethereum, Coinbase supports a myriad of other digital coins, including Stellar Lumens, Ethereum Classic, Bitcoin Cash, Bitcoin, Dogecoin, and all ERC-20 tokens.
Something worth noting is that Coinbase contains information about all digital coins, including those it doesn’t support. It provides historical trading data, market cap, description, and links to project websites and whitepapers for those cryptocurrencies. Although it is a great Ethereum wallet, one problem with Coinbase is its limited availability. People outside Europe and the United States have a hard time when making deposits and withdrawals.
9. Mist
Mist is the official Ethereum wallet application. Once you download it, it will start synchronizing with all Ethereum nodes. Then, you will be asked to set up a strong password for your wallet. Make sure that you create a password that is hard to crack and write it on a piece of paper for backup purposes.
Ensure you keep this piece of paper securely because there is no way to recover your Mist wallet once you lose the password.
Once you have set up the wallet, using it is quite a breeze. You will get a set of public and private keys, which will enable you to send and receive Ether in your wallet. There is a ShapeShift feature in Mist that allows users to trade their coins for other currencies.
This wallet has advanced security features and is compatible with multiple operating systems, including Windows, Linux, and Mac.
Another hardware wallet with open-source firmware which is new to the game but packs enough to compete, the Prokey Optimum is a great Ethereum hardware wallet to have for both beginners and veterans. It’s a web-based hardware wallet and compatible with Windows, Linux, Mac, and Android operating systems.
10. Prokey Optimum
The Prokey Optimum has secure firmware that makes it anti-tamper. It also uses WebUSB to establish a strong and secure connection to its web interface which allows users to manage their crypto assets with a web browser without additional downloads or software to run.
Prokey Optimum supports all ERC20 Tokens besides Ethereum and keeps crypto keys offline, so they are always secure. Apart from Ethereum, the Prokey Optimum also supports more than 1500 other coins and tokens including BTC, USDT, LTC, BNC, and BCH.
How to Choose the Best Ethereum wallet?
Before choosing the best Ethereum wallet, you need to make sure it meets certain criteria. To start of, be aware that you need to know exactly how cryptocurrency works.
Also, your Ethereum wallet should follow these criteria:
Ease of use: If the Ethereum wallet you are looking for will be your first, you need to stay away from complex platforms designed for veterans of the crypto world. You should stick to beginner-friendly alternatives like the ones outlined above.
Security: Don’t choose an Ethereum wallet if its security is questionable. The one you choose should be secured with a multi-signature feature, two-factor authentication, and other advanced security features. This will allow the wallet to ward off any potential threats of getting hacked.
Multi-currency: Since you might have other digital assets that you want to store other than Ether, you need to choose a wallet that will eliminate the need for multiple wallets. Ensure you choose one that allows you to access different cryptocurrencies in one account.
Compatibility: The best Ethereum wallets should be compatible with multiple platforms and operating systems. This gives you optimum flexibility to manage your assets.
Solid development: A strong development team makes sure the wallet you choose is well-maintained, secure, and fitted with cutting-edge technology. It also ensures the wallet can handle occasional updates as blockchain technology continues to evolve.
Conclusion
What is the best Ethereum wallet? Well, factually, there is no Ethereum wallet in the list provided above that is better than the other.
Your choice depends on your unique needs and budget. Use this article as a guide, do additional research on each wallet, and make sure you choose the best that you can afford.
If you want to trade assets in Ethereum and contact your fellow trader friends with full privacy in a decentralized messaging app download Tezro app today!
Key Takeaways
- Ethereum is the second-largest cryptocurrency after Bitcoin by market capitalization;
- Plus, Ethereum has high liquidity, lower inflation risk and offer new opportunities;
- There are many recommended Ethereum wallets: hardware wallets, like Ledger Nano, or even browser extensions like MetaMask;
- Choose your wallet based on security, ability to hold multi-currency, compatibility and solid development.
