Development community: Since Ethereum wallets are relatively new, reputation is huge.This is essentially the keys to accessing your coins, and security here is non-negotiable. Private keys: You want to have a private key that only you possess.When looking for a secure cryptocurrency wallet, keep an eye out for the following four features: Paper wallets for Ethereum are particularly inadvisable since there is a substantial lack of good options. Additionally, most paper wallet generation sites are actually phishing sites preying on novice crypto traders. These are extremely risky because if you lose this piece of paper, the chance of accessing your coins in the future is extremely slim. Paper wallets: These wallets are pieces of paper with your private keys on them.Once installed, only that specific computer can access the wallet. Desktop wallet: These wallets are downloaded and installed on your computer (PC or laptop).You can use these wallets on a variety of devices. While they are still considered extremely secure, the fact that they are connected to the Internet exposes you to a small amount of risk. Online wallets: These wallets exist online.Hardware wallets allow you to keep your cryptocurrencies in “cold” storage-offline–so your coins are inaccessible to Internet hackers. Hardware wallets: These wallets are physical wallets that have your private keys encrypted into them.In broad strokes, there are generally four different wallet types: The Best Ethereum Wallets Walletįinding the perfect Ethereum wallet shouldn’t be difficult, but it does require a general understanding of how cryptocurrency storage works. Do you want access to your wallet from anywhere at anytime, or only from one location? There is often an inverse-relationship between accessibility and security.īy the end of this guide, you’ll know the most popular Ethereum wallets and which one is perfect for you.Do you plan on frequently trading your Ethereum? Some wallets make it easier for frequent traders, and others prioritize security and can be a bit of a hassle to frequently trade with.
Do you need a wallet that can hold several currencies, or just Ethereum? There are plenty of wallets that allow you to hold different cryptos, as well as some that are strictly for Ethereum.Think about what you really need for storing your ether. So we’re going to talk about Ethereum wallets. With this increased attention comes the need for a secure place to store ether. Ethereum has one of the highest market caps in the cryptocurrency world so it’s no surprise that there’s been a major influx of attention from the mainstream public.
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