If you’ve been around the cryptocurrency block, you have probably gained an interest in crypto-assets beyond the ever-growing bitcoin. Ethereum, although still a new kid on the block, is a quickly-growing currency that is often said in the same breath as bitcoin. If you have decided to plunge into the world of altcoins, ether is a great currency to start with, and there is quite a bit of software support for this new cryptocurrency. Of course, that means you’ll need a wallet.
When choosing the best ethereum wallet to suit your needs, some factors to consider include:
- Which other currencies will you be investing in or trading?
- What level of security do you need?
- What about convenience? How quickly do you need to trade?
These 10 ethereum wallets are among the most widely used and trusted wallets of 2017, and should contain something for everyone involved in the ether crypto-scene–from beginner to expert.
Software ether wallets:
Exodus is a beautiful, fully-featured, multi-asset wallet application built for Windows, Mac, and Linux. Its aesthetically-pleasing UI is easy to use and makes it super user friendly for both crypto experts and beginners alike.
Exodus is far more than just an ether wallet. It has ShapeShift built into the interface so users can exchange all sorts of altcoins and bitcoin. So, if you want to trade ether for litecoin or decred for dash, you can do so with the click of a button. It also makes portfolio charts for you from within the app. This is the software wallet that I, personally, have.
Mist functions as a DApp (decentralized app) browser but also includes an ether wallet. You can check out cool Ethereum stuff like the new web’s Million Eth homepages (there are a few now) which are a throwback to the Million Dollar Homepages of ye olden days that sold pixels of ad space for USD.
But, since it comes with an ether wallet too, you can also send and receive eth. This is a great option if you like playing DApp games for crypto!
Coinomi is another multi-asset wallet that supports practically every cryptocurrency and token you can dream of, including ethereum. They allow easy exchanges between any of the supported assets from within the interface using ShapeShift.
They also offer much more anonymity than many wallets with no identity-linking, no IP or transaction tracking, and your IP is even filtered through their servers for added anonymity.
They support multiple languages, and the source code is always available so you can verify security for yourself alongside the community. They also have an Android app currently and an iOS app in the works.
Coinbase is a well-established option that has appeared in major publications such as Time and Bloomberg. They offer instant currency conversions, recurring investments, multisig support, and have served 8.2M customers in more than 32 countries. Their mobile wallet is available on Android and iOS. One important thing to note is that while they support ethereum, bitcoin, and litecoin, they do not support Ethereum Classic (ETC).
Etherwall was the very first desktop wallet software for Ethereum. They are fully open-source, and offer a couple different packages. The first, the full node client mode, requires that users download the full (large) ethereum blockchain. The thin client mode uses a remote ethereum node for information and sending transactions. They are security-centric and have chosen to not implement a web version due to potential security holes. Etherwall also supports Trezor hardware wallets.
This is an open-source, client-side wallet that makes it easy to create a new wallet. Users are then able to store their own ether, rather than keep it on an exchange. This one can be daunting for beginners, but it does give you a lot of control, since keys are stored on your own equipment (paper or otherwise), rather than on their servers. This is a great option if you need to create a quick wallet, and if you’re unsure about how to backup a wallet, they do offer a tutorial.
Paper Wallet Tools:
A paper wallet is really a physical document that has the necessary information to create a cryptocurrency private key. They were much more popular before the invention of hardware wallets, according to the Bitcoin Wiki. Whether you just want to store your keys offline without using software, or you just like the crossover between high-tech and low-tech, a tool for paper wallet generation can come in handy when you need quick, cheap cold storage.
ETHAddress is software available on GitHub that lets you generate and print a paper wallet for use in cold storage. It makes a QR code that you can easily scan to import your eth into a software wallet in order to spend your currency. It does not support Ethereum Classic (ETC).
Hardware ethereum wallets:
This popular hardware wallet sports multi-currency functionality, and comes with both the Ethereum and Ethereum Classic apps.
This unique wallets offers up support for ether, bitcoin, litecoin and various alt-coins, and supports multiple addresses for each currency within a single device. Using a PIN and a physical button to confirm transactions, the Ledger Nano S is highly secure against malware such as Adylkuzz.
The Nano S also supports backups, user-created software, and even supports FIDO Second Factor authentication for Google, Dropbox, GitHub, and more.
Trezor is another popular hardware wallet that supports ether as well as bitcoin, dashcoin, LiteCoin, and more. It is touted for being durable, is water-resistant, and has been created so as to remove any elements that could be easily hackable. The built-in display lets users review transactions.
The device supports two-factor authentication, can be used for password management, and can also function to sign documents and other files as proof of ownership.
KeepKey has been a popular choice in hardware wallets, and is currently sold out. It sports a sleek design with a well-illuminated screen for viewing transactions before confirming with a button. It works on major operating systems including PC, Mac, Linux, and Android, and supports most major coins besides ethereum including bitcoin, dogecoin, namecoin, litecoin, and dash.