As Ethereum stands as the second-largest cryptocurrency after bitcoin, investors have searched for the best Ethereum wallets. Below, we’ll mention a few critical wallets must-haves and then dive into the best Ethereum wallets.
A wallet must include the following:
- Private keys
- User friendly
- Development community
- Backup and Security
- NFT Support
Now that you know what an ideal wallet should include, let’s discuss the best Ethereum wallets that meet the above-listed requirements.
MetaMask is one of the most common Ethereum wallets out there. Initially, it was only available as a browser extension; however, a mobile app is also available today. Not only does MetaMask act as a wallet, but it also gives you access to decentralized Ethereum apps.
- Ledger Nano X
The second best Ethereum wallet on our list is Ledger Nano X. This is an advanced Ethereum hardware wallet. It is the pioneer of hardware wallets because it supports Ethereum and all tokens included on the Ethereum blockchain.
- Ledger Nano S
This Ethereum wallet is one of the most inexpensive wallets out there. The Ledger Nano S stores Ethereum offline. If you wish to spend your Ether, Ledger will sign in by using the private key stored on the device.
Trezor was the first hardware wallet that was ever developed for Bitcoin. However, through the MyEtherWallet web interface, it can also be for an Ethereum wallet. This Ethereum wallet stores the digital currency offline, and when logging in with a password, the electronic chip is activated.
- Rainbow Wallet
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Rainbow is a mobile-only non-custodial Ethereum wallet that will be gaining popularity in 2022. The top feature of this wallet is that it is noncustodial, can hide and unhide tokens, and can buy the Ethereum domain name directly from the app.
The wallet features an easy-to-use UI and provides a high level of security. It is accessible in desktop, mobile, and web interface versions. The setup process leaves you the only one in control of your private key, giving you complete control of your coins.
Argent is a sophisticated non-custodial ETH wallet that does not allow you to save your private key. The wallet is set up using your email address and phone number, and it is restored with the same information. Its distinguishing feature is its connection with compound finance, which allows you to lend Ethereum and earn interest. The wallet also has a dAPP browser. If you want your non-techie family or friend to utilize an Ethereum wallet, Argent is the most user-friendly of all Ethereum wallets.
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Exodus is the first desktop wallet that accepts multiple cryptocurrencies. It supports seven cryptocurrencies, Ethereum included. Exodus is the first desktop wallet with ShapeShift built in for cryptocurrency exchange. While using this wallet, you must have a constant connection to the internet, but don’t worry; your private keys will never leave your system.
- Atomic Wallet
This wallet is the ultimate solution for Ethereum and ERC20 tokens, enabling you to store, exchange, and even buy ETH with a bank card. It supports over 300 cryptocurrencies. Atomic Wallet encrypts your private keys on your device, giving you access and complete control over all your funds.
Jaxx is a multi-asset wallet developed by Decentral, a Canadian startup. It supports 13 cryptocurrencies (including ETH), has an attractive design, and has strong security features. Private keys on Jaxx never leave the device, allowing you to restore your cash when needed.
This wallet is significantly different than other wallets. It gives you the ability to control the Ethereum private key on your device. It is an open-source wallet that does not rely on third-party servers and allows you to build and access smart contracts.
This wallet is the most expensive out there. Keeping your ETH offline, KeepKey offers the same features as Ledger Nano S or Trezor.
Now that you are educated about the best Ethereum wallets. You can choose which one suits your needs and enjoy a secure and fully controlled wallet experience.