Looking for Best Ethereum Wallets Reviews? Check out my list of Top 10 Ethereum Wallets of 2018. So many investors are presently swarming to ethereum because of how profitable it has become. Presently, It has the biggest market cap, sitting in the second place next to bitcoin. And because of how profitable this is nowadays, ethereum has effortlessly attracted a large crowd to itself. In this article, you will find out about ethereum and the best of its wallets from this review.
- 1 Best Ethereum Wallets In 2020 Reviews – Make Ethereum Trading Secure and Easy
- 2 Best Ethereum Wallets for Buying Ethereum in 2018 – User Reviews
- 3 1. Ledger Nano S Ethereum Wallets Reviews:
- 4 2. Trezor (Hardware Ethereum Wallet) Review:
- 5 3. Jaxx (Mobile Ethereum Wallet) Review:
- 6 4. Mist (Desktop Ethereum Wallet) Review:
- 7 5. Exodus (Desktop Ethereum Wallet) Review:
- 8 6. MetaMask (Desktop Ethereum Wallet) Review:
- 9 7. MyEtherWallet (Web Wallet) Review:
- 10 8. Coinbase (Web Ethereum Wallet) Review:
- 11 9. ETHAddress (Paper Wallet) Review:
- 12 10. KeepKey (Hardware Ethereum Wallet) Review:
- 13 Frequently Asked Questions Regarding Ethereum Wallets:
- 14 How can I get an Ethereum address for myself?
- 15 How is Ethereum Sent?
- 16 Is Ethereum based on bitcoin?
- 17 What exactly is an Ethereum paper wallet?
- 18 How much time does it take to send an Ethereum?
- 19 How is an ether wallet funded?
- 20 What are Some Free Ether Software Wallets?
- 21 What Does Ethereum Cold Storage Mean?
- 22 Conclusion: Join the Best Ethereum Wallets – Choose From Our Reviews!
Best Ethereum Wallets In 2020 Reviews – Make Ethereum Trading Secure and Easy
The official ethereum project website defines ethereum as “a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third party interference.” Ethereum is a software platform based on blockchain and which usually comes with a code on its blockchain that can neither be tempered, hacked nor altered. With Ethereum, you can create and carry out smart contracts as well as Distributed Autonomous Applications (DApps). And you do not have to worry about censorship, third party or downtime.
Ethereum also comes with an inbuilt programming language called solidity which is used to write the smart contracts and DApps earlier talked about. It features also, a cryptocurrency asset called Ether which is used to execute the contracts and apps.
And Ethereum wallets, they help to keep your ether secure after you have purchased them.
Best Ethereum Wallets for Buying Ethereum in 2018 – User Reviews
We are now going to learn about the best wallets you can use for ethereum. Bear in mind that every good wallet for cryptocurrency must have private keys and a development community and must be compatible with different operating systems as well as easy to use. Here are some of the best cryptocurrency wallets:
1. Ledger Nano S Ethereum Wallets Reviews:
This Ethereum wallet is quite really cost effective and goes for about 65 dollars. With this wallet, ether is stored offline. When you want to use the ether, Ledger uses the private key which is stored on the device to sign it. On this wallet, you can store ETH as well as store ETC. This wallet features a small OLED screen that you can use to control the transactions you make. You can conveniently use your Ledger Nano Seven on a hacked computer because it has very high security.
2. Trezor (Hardware Ethereum Wallet) Review:
With the help of the MyEtherWallet web interface, the Trezor wallet can now be used for ethereum even though it was the first hardware invented to be used with bitcoin. This one too stores offline on an electronic chip which has high security. To activate this, you would need to use your password to log in. This device is also really lightweight and very portable and comes in three colors of black, white and grey. This ethereum wallet costs 99 dollars.
3. Jaxx (Mobile Ethereum Wallet) Review:
This one was created by a Canada based company, Decentral and is a multi-asset mobile wallet that enables up to thirteen cryptocurrencies, ETH being one of them. This wallet is also very beautifully designed and comes with very high security. This wallet comes with constant private keys and also ensures that you can restore your funds whenever it is required. This is done with the help of features like seed keys. This wallet also has a very helpful development community which takes care of innovation as well as maintenance of this ethereum wallet.
This ethereum wallet is available for devices like Windows, Mac OS, Android, Linux, and iOS.
4. Mist (Desktop Ethereum Wallet) Review:
This one is the official wallet of ethereum. This wallet synchronizes with every ethereum node after installation and so after installation, it takes some time to start. After the wallet has synchronized with the nodes, it will prompt you to set a password. You should make sure that it is a password you can remember since there is no other way you can access this wallet without your password.
From then on, you will have access to keys both public and private which you can use to perform your transactions. You can also use this wallet to exchange other currencies with the ShapeShift built into a mist. This wallet is supported on Linux, Windows, and Mac.
5. Exodus (Desktop Ethereum Wallet) Review:
This is the first multi-cryptocurrency desktop wallet in the world. This comes with a very good UI and is also free to use. A pie chart would usually show the entire portfolio of coins you have as soon as you open his wallet. Seven cryptocurrencies are supported on Exodus which enables the exchange of cryptocurrencies with the use of ShapeShift.
Bear in mind that you need to always be connected to the internet when you are using Exodus. You would love, however, that your private keys stay constant on your machine and never go away. Your funds’ security will also be protected by such features as the backup seed keys as well as one-click email which is designed to restore your wallet. Windows, Mac, and Linux are platforms which support this wallet.
6. MetaMask (Desktop Ethereum Wallet) Review:
MetaMAask is designed like a browser and can help you get onto the ethereum network. This wallet enables you to access ethereum apps that are decentralized as well as allows you store ethereum and send it. It is designed such that you can easily and switch between the main ethereum network and a test network. It also comes with private keys that require you to use a password. These passwords are encrypted on your machine and stored there so that you can have access to export it whenever you want. This is supported on Firefox as well as chrome extensions.
7. MyEtherWallet (Web Wallet) Review:
This one is not like other regular web wallets. This is because, with this wallet, you can have control of the private keys that your machine has, something other wallets cannot do. This wallet is an open-source one that does not have any third party servers. And with this, you can have access to smart contracts as well as write. MyEtherWallet also comes designed with BTC to ETH and back. If you have a Ledger Nano S or a Trezor, you can connect it to the browser this wallet comes with in order to access your funds. This is supported on chrome extensions and web wallet.
8. Coinbase (Web Ethereum Wallet) Review:
This is a very easy and quick way of storing ethereum as long as their service is available for your country. All you need to do is register at Coinbase, get your own public address, transfer your ETH to the public address of Coinbase and then go on to store ETH on Coinbase. The downside involved, however, is that you do not have control of the private keys because they are stored on the hosted servers of Coinbase. This wallet is supported on Android, iOS and web wallet apps.
9. ETHAddress (Paper Wallet) Review:
You can use ETHAddress to build an ethereum paper wallet if it is what you want. Usually, paper wallets come with private as well as public keys which are printed on paper. You also have the option of encrypting the private keys. This is supported by web paper wallet.
10. KeepKey (Hardware Ethereum Wallet) Review:
At 120 dollars, this wallet is quite really expensive but it can have your ETH kept in a very secure offline environment. The features it offers are also just like Trezor or Ledger Nano S. it comes with a quite big screen and the downside of this is that it is not exactly easy to carry this wallet around. Also, it can get damaged if it falls by accident because it comes with a plastic body. But in all, it can be a very good wallet for you.
Frequently Asked Questions Regarding Ethereum Wallets:
In this section, you will get answers to some of the most asked questions on ethereum.
How can I get an Ethereum address for myself?
This is very easy. As soon as you have bought or downloaded an ethereum wallet, you will be shown an address in the software of the wallet.
How is Ethereum Sent?
Having ether in your wallet is basically what you need. As soon as this done, just go to the address you want to send ether to and there, you can pay
Is Ethereum based on bitcoin?
Not exactly. The only thing that binds them together is the fact that it uses blockchain which was pioneered by bitcoin. Apart from this ethereum is very significantly different.
What exactly is an Ethereum paper wallet?
It is a private key which is printed and stored offline and is a kind of cold storage. You can create a paper wallet with ETHAddress.
How much time does it take to send an Ethereum?
It is quite really quick to get this done. It can take only about twelve seconds to get a confirmation or sometimes, a little more which is as it should be.
How is an ether wallet funded?
You can fund an ether wallet simply by buying Ethereum from an exchange. After you have done this, withdraw the ether and transfer it to your wallet. Do not ever leave your ether store on an exchange. Always withdraw it to your wallet.
What are Some Free Ether Software Wallets?
MyEtherWallet is one. Bear in mind, however, that hardware ware wallets provide much more security for ether wallets than any software wallet.
What Does Ethereum Cold Storage Mean?
This is when the private keys of your Ethereum are created and stored offline.
Conclusion: Join the Best Ethereum Wallets – Choose From Our Reviews!
Ethereum wallets are still at the beginning days and thus still have a lot more coming. This is regardless of the fact that they have been around for quite a few years. We can quite confidently expect to see more Ethereum wallets as well as exchange support for it as the price has kept increasing lately. Presently, the options available on this system are still very limited seeing as this is still a new system but as time passes and technology keeps getting better, there will most likely be more wallets to look forward to.
For now, the above is a list of some of the best ethereum wallets for you if have bought or are planning to buy either. We hope that this list guides you to choose right when purchasing what to save your ether in.