Finding the right cryptocurrency wallet is often challenging.
And I think finding a specific wallet for a particular cryptocurrency is even more so.
I think we agree on this.
And if the cryptocurrency is Ethereum then the process of choosing the right wallet can be even more confusing because there are so many options plus Ethereum is a bit different than others.
But relax:
At The Money Mongers, we strive to provide you with the best solutions in the business for any crypto-related problems. And this time also we have made this comprehensive list of Best Ethereum wallets for all types of investors and Ethereum HODLers
So stick around and read it till the end to get the best insights on some of the most popular and reliable wallets for Ethereum.
Note: Most of these are free Ethereum wallets whereas some of them are paid and believe me, they are worth the money one spends.
So with that note, let’s deep dive into them one by one.
| Types Of Ethereum Wallets | Wallet Name |
|
Ether Hardware Wallets
|
Ledger Nano X [Recommended] |
| Ledger Nano S | |
| Trezor | |
| CoolWallet S | |
|
Ethereum Android & iOS Wallets
|
Trust Wallet |
| Coinomi | |
| Coinbase Wallet | |
| Edge Wallet | |
| Jaxx Liberty | |
| imToken Wallet | |
| Blockchain Wallet | |
| Edioo | |
|
Ethereum Desktop Wallets
|
Exodus |
| Mist | |
|
Ethereum Web Wallets
|
MyEtherWallet |
| Blockchain Wallet | |
| MetaMask |
Top Ethereum [ETH] Wallets of 2020
Bought your first Ethereum (eth) Token? Good! Make sure you store them in some trusted wallet to keep it safe. We have listed down below some of the Best Ethereum Wallets you can choose from:
1. Ledger Nano X [Recommended]
| Cost | $100 |
| Supported Platforms | All Platforms |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | Yes |
| Collectibles Support (ERC721) | No |
| Integration With Cold Storage | No |
| In-built Exchange | No |
I have this wallet and I am using it for storing my ETH and other ERC20 tokens for a year now.
I must say this is a must-have wallet for all the purposes but not limited to, such as security, intuitive design, easy to navigate UI, integration with other wallets, etc.
Also, it is a Bluetooth enabled device that connects with your iOS and Android device wirelessly without any OTG or USB device.
Ledger Nano X is one of the most successful hardware wallets for Ethereum and ERC20 tokens because they keep updating the wallet as per the latest updates of the Ethereum network.
Plus it is an HD wallet where you are in absolute control of your Ethereum and other cryptoassets by handing over the seed phrase to you !!
If you are low in your budget and still want the same level of security, go for Ledger Nano S device for storing your Ethereum and cryptoassets.
2. Trust Wallet (Mobile Wallet)
| Cost | Free |
| Supported Platforms | Android & iOS |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | Yes |
| Collectibles Support (ERC721) | Yes |
| Integration With Cold Storage | Yes |
| In-built Exchange | No |
Trust Wallet as its name suggests is a trustable Ether wallet.
The testimony to this is their recent acquisition by Binance-world’s largest crypto exchange. With Trust wallet, you can send, receive and store digital assets such as Ethereum and ERC20, ERC223 tokens.
And it gets better:
Trust wallet is also a full-fledged Web3 browser through which you can visit numerous DApps on the Ethereum network.
So if you are looking for a reliable Ethereum wallet for your Android or iOS device, Trust wallet is the one that satisfies all your needs.
Download Trust Wallet Android & iOS
3. Coinomi (Mobile Wallet)
| Cost | Free |
| Supported Platforms | Android & iOS |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | Yes |
| Collectibles Support (ERC721) | No |
| Integration With Cold Storage | No |
| In-built Exchange | Yes |
Coinomi is my favorite mobile wallet, and I thoroughly enjoy using it because of its security and intuitive UI.
Coinomi wallet is a multi-currency HD wallet that supports Ethereum and Etherum based tokens. And with the Coinomi wallet, you need not worry about the security of your coins or tokens because it is a non-custodial wallet where you always control your private keys.
Not only this:
Now Coinomi wallet is available for both iOS and Android with an in-built exchange feature; soon it will be launching their desktop wallet.
4. Coinbase Wallet (Mobile Wallet)
| Cost | Free |
| Supported Platforms | Android & iOS |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | Yes |
| Collectibles Support (ERC721) | Yes |
| Integration With Cold Storage | No |
| In-built Exchange | No |
There is a myth that Coinbase only makes custodial solutions, but that’s not the case.
Coinbase wallet (formerly known as Toshi wallet) is a non-custodial Ethereum wallet for mobile devices where you can store your Ethereum based tokens.
Furthermore:
With Coinbase wallet one can also browse Web 3 DApps and take backup/restore the wallet using the recovery phrases which is compatible across other wallets such as MyEtherwallet, MetaMask, etc.
5. Edge Wallet (Mobile Wallet)
| Cost | Free |
| Supported Platforms | Android & iOS |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | No |
| Collectibles Support (ERC721) | No |
| Integration With Cold Storage | No |
| In-built Exchange | No |
Edge wallet is another popular multi-currency HD wallet for Ethereum users.
Edge wallet is the product of a pioneer crypto wallet company known as Airbitz and given the experience; it is true that they have created a perfect Ethereum mobile wallet.
But unlike other mobile wallets, here you need not take cumbersome back-ups of seed or recovery phrases instead you need just to set your login-password which is encrypted on your device.
Additionally, you get Biometric TouchID and FaceID login for another layer of security while using the Edge cryptocurrency wallet.
6. Jaxx Liberty (Mobile/Desktop/Web Wallet)
| Cost | Free |
| Supported Platforms | Android, iOS, Mac, Windows, Linux |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | Yes |
| Collectibles Support (ERC721) | No |
| Integration With Cold Storage | Yes |
| In-built Exchange | Yes |
Jaxx Liberty is a new intuitive cryptocurrency wallet by Jaxx- one of the oldest cryptocurrency wallet companies in the cryptosphere.
It is also a multi-currency wallet that supports more than 80 currencies including Ethereum. And the good thing is, Jaxx Liberty is a cross-platform product, built for the Android and iOS devices; macOS, and Windows desktops; and as a Chrome browser extension.
With Jaxx Liberty, you remain in control of your funds because for initial wallet set-up it is mandatory to note down your 12-word seed which makes it secure too.
7. imToken Wallet (Mobile Wallet)
| Cost | Free |
| Supported Platforms | Android & iOS |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | No |
| Collectibles Support (ERC721) | No |
| Integration With Cold Storage | No |
| In-built Exchange | Yes |
imToken wallet is a complete cryptocurrency solution for crypto lovers.
That’s because this is not only a non-custodial wallet for Ethereum and ERC20 tokens, but instead, it has an inbuilt decentralized exchange also to help you swap cryptocurrencies.
The tokens on the imToken wallet remain safe as only you have access of backup seed.
Moreover, it has an exchange feature also, which is powered by KyberNetwork and thus you can exchange or buy any token you want.
Lastly, you can manage your address book here, and the imToken DApp browser facilitates you to access various decentralized apps as well.
8. Eidoo (Mobile & Desktop Wallet)
| Cost | Free |
| Supported Platforms | Android & iOS & Mac/Windows/Linux |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | Yes |
| Collectibles Support (ERC721) | No |
| Integration With Cold Storage | No |
| In-built Exchange | No |
Eidoo aims at giving you the perfect blockchain asset experience.
It is fast and easy to use a multi-currency wallet that supports Ethereum and has an inbuilt hybrid exchange which is as safe as a decentralized exchange.
But it is as well as fast as a centralized one.
With Eidoo wallet you can back up your whole wallet with a single passphrase and can be assured of the privacy with HD wallet addresses.
9. Trezor Model T (Hardware Wallet)
| Cost | 69 EUR |
| Supported Platforms | All Platforms |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | Yes |
| Collectibles Support (ERC721) | No |
| Integration With Cold Storage | No |
| In-built Exchange | No |
Trezor pioneered the era of cryptocurrency hardware wallets.
And now Trezor is one of the most reliable and popular multi-currency hardware wallets for numerous currencies including Ethereum and ERC20 tokens.
Trezor was also one of the quickest wallets to provide support for Ethereym fork that happened with Ethereum classic in 2015.
Trezor is an HD wallet where you control your private keys with a 12-word seed or passphrase which is of paramount importance nowadays to protect any crypto assets.
10. CoolWallet S (Mobile Cum Hardware Wallet)
| Cost | $99 |
| Supported Platforms | All Platforms |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | No |
| Collectibles Support (ERC721) | No |
| Integration With Cold Storage | No |
| In-built Exchange | No |
CoolWallet S is actually a very cool hardware wallet for Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, and ERC20 Tokens.
It is a credit card-sized hardware wallet that combines the convenience of mobile wallets and security of hardware wallets in it.
This hardware wallet pairs with your mobile wallet app so that you can easily navigate and use your cryptocurrencies like Ethereum stored on the actual card.
Here also, like other hardware wallets you generate your seed which is 12, 18, or 24 long and thus remains in total control of your cryptocurrencies.
11. KeepKey (Hardware Wallet)
| Cost | $ 129 |
| Supported Platforms | All Platforms |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | Yes |
| Collectibles Support (ERC721) | No |
| Integration With Cold Storage | No |
| In-built Exchange | No |
KeepKey is another hardware wallet device that supports Ethereum and ERC20 tokens.
And like Trezor and Ledger Nano S, it also comes with an OLED screen to help you navigate to your cryptoassets.
However, I find this device on a bit heavier side to carry around, and since it is a plastic device, it is less durable than its peers.
But let me be clear, by no way I mean KeepKey is not good. KeepKey provides almost the same level of security as its peers where you control your cryptoassets on the device itself.
12. Exodus (Desktop Wallet)
| Cost | Fee |
| Supported Platforms | Windows, Linux, Mac |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | Yes- but not all |
| Collectibles Support (ERC721) | No |
| Integration With Cold Storage | No |
| In-built Exchange | Yes |
Exodus is another favorite wallet of mine when it comes to using cryptocurrencies on the desktop.
It is one of the first Ethereum desktop wallets that is very easy as well as secure to use because their team has designed it in such a user-friendly way.
Plus with Exodus, you get the freedom to save down your seed which keeps you in total control of your private keys.
As of now Exodus supports Ethereum and many other ERC20 tokens and is available for Mac, Windows, & Linux systems.
13. Mist (Web Wallet)
| Cost | Free |
| Supported Platforms | Mac, Linux, Windows |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | Yes |
| Collectibles Support (ERC721) | Yes |
| Integration With Cold Storage | No |
| In-built Exchange | No |
Mist is a heavy-weight Ethereum wallet and is also the official wallet for Ethereum.
Mist downloads the whole blockchain that’s why setting it first can be somewhat cumbersome. But after the synchronization is complete and the blockchain is downloaded, you just need to set up a password to get started.
Remember:
This password needs to be kept very very safe as there is no other way to recover your ETH if you lose this password.
14. MyEtherWallet (Web Wallet)
| Cost | Free |
| Supported Platforms | All Platforms |
| HD Wallet | No |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | Yes |
| Collectibles Support (ERC721) | No |
| Integration With Cold Storage | Yes |
| In-built Exchange | Yes |
MyEtherWallet is a popular web wallet.
And I must say, it is one the easiest wallets to use. I myself have used MyEtherWallet several times for participating in ICOs and for storing Ether that I don’t require so often.
But the downsides of this web wallet are that many pishing sites mimicking MyEtherWallet have sprung up which has resulted in the loss of funds for many ETH investors.
To start with you can set your password which will give you a UTC/JASON file that will keep your private keys encrypted and thus you will remain in control of your funds.
Suggestion: Keep this password hard to guess or brute-force because anyone with this password can create the same type of file to hack your funds.
15. Blockchain Wallet (Web & Mobile Wallet)
| Cost | Free |
| Supported Platforms | Android, iOS, Web |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | No |
| Collectibles Support (ERC721) | No |
| Integration With Cold Storage | Yes |
| In-built Exchange | Yes |
Blockchain wallet has been here since 2012 and is one of the most reliable non-custodial cryptocurrency wallets in the cryptosphere with over 30 million customers.
Good thing is, it is a multi-currency HD wallet that supports Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Stellar (XLM) with its wallet interface in 18 languages.
For the security of your funds, you get a seed and can also set 4-digit-pin or biometrically authenticate with fingerprint recognition.
16. MetaMask Wallet (Web Wallet)
| Cost | Free |
| Supported Platforms | All Platforms |
| HD Wallet | Yes |
| Back-up/Seed/Password Feature | Yes |
| ERC20 & ERC223 Support | Yes |
| Collectibles Support (ERC721) | Yes |
| Integration With Cold Storage | Yes |
| In-built Exchange | No |
MetaMask is another intuitive web wallet for Ethereum and ERC20 tokens.
MetaMask also has been here for quite some time, and it was one of the first Ethereum wallets that I used when I started with crypto in 2016.
You can use this intuitive wallet on the Ethereum mainnet as well as testnets. Also, with MetaMask you control the seed and need to set up a password to encrypt everything locally in your machine browser only.
This way you remain in control of your funds always.
17. ETHAddress (Paper Wallet)
| Cost | Free |
| Supported Platforms | All |
| HD Wallet | No |
| Back-up/Seed/Password Feature | No |
| ERC20 & ERC223 Support | Yes |
| Collectibles Support (ERC721) | No |
| Integration With Cold Storage | No |
| In-built Exchange | No |
If you are a paper wallet believer this for you.
But don’t use this option to store your Ethereum, if you don’t know how to use paper wallets properly. Because handling paper wallets securely can be a challenge as it can expose your private keys easily.
Moreover, with options like hardware wallets and mobile wallets, there is no longer a strong reason to use paper wallets now.
But if you still want then do try ETHAddress to generate an Ethereum paper wallet with private and public keys printed on it.
Final Words
So you see there are so many Ethereum wallets and many of them support ERC20 tokens too.
That’s why choosing the right Ethereum wallet can be daunting. But I think with this mega guide for beginners on ETH wallets you will be able to make a wise decision as I have listed all the USPs and cons of all the listed wallets.
If you like this post? Don’t forget to tell your friends and do share with us which wallet you are using in the comments section below:)
Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.
Contents
- Top Ethereum [ETH] Wallets of 2020
- 1. Ledger Nano X [Recommended]
- 2. Trust Wallet (Mobile Wallet)
- 3. Coinomi (Mobile Wallet)
- 4. Coinbase Wallet (Mobile Wallet)
- 5. Edge Wallet (Mobile Wallet)
- 6. Jaxx Liberty (Mobile/Desktop/Web Wallet)
- 7. imToken Wallet (Mobile Wallet)
- 8. Eidoo (Mobile & Desktop Wallet)
- 9. Trezor Model T (Hardware Wallet)
- 10. CoolWallet S (Mobile Cum Hardware Wallet)
- 11. KeepKey (Hardware Wallet)
- 12. Exodus (Desktop Wallet)
- 13. Mist (Web Wallet)
- 14. MyEtherWallet (Web Wallet)
- 15. Blockchain Wallet (Web & Mobile Wallet)
- 16. MetaMask Wallet (Web Wallet)
- 17. ETHAddress (Paper Wallet)
- Final Words
