- >Best Cryptocurrency Wallets 2024: Comprehensive Wallet Reviews
- >The Best Ethereum Wallets for Storing ETH in 2024
The Best Ethereum Wallets for Storing ETH in 2024
Ethereum is having a moment right now as the second-largest cryptocurrency in terms of market capitalization. For this reason, investors across the crypto space are flocking to fill up their ETH bags with more ETH.
But with so many different types of wallets out there, which one should you use to accumulate your ETH? Here is a look at some of the best Ethereum wallets and some of the features that can help you get the best out of your ETH holdings.
Why Should I Use a Wallet for Ethereum?
Most crypto experts recommend moving your crypto (and therefore Ether) off exchanges so that you can take responsibility for the security of your assets. This is because there has been a number of high-profile hacks in the past where people have lost huge sums of money. Of course crypto exchange security has improved massively over the last few years but people still recommend personally securing your crypto to avoid any mishaps.
This isn’t as complicated as it sounds as there are a variety of different wallets for storing Ethereum. Some of them are simply pieces of software that you install on your computer or smartphone. They are free and easy to download.
There are also hardware wallets, which are dedicated devices (usually the size of a flash drive) that store your private keys offline, which makes them highly secure against hackers. The downside is they cost money and are slightly more complicated to set up.
What follows is a brief round up of some of the best wallets for storing Ethereum. We’ve included a mixture of hardware wallets and software wallets.
Ledger Nano X Wallet
The Ledger Nano X wallet is a successor of the popular Ledger Nano S. It features an OLED display to facilitate navigation, with the application of a second layer security on top of your initial password. Apart from Ethereum, this wallet also supports Bitcoin, Litecoin, and, Dogecoin to mention a few altcoins. The wallet can also be paired with MyEtherWallet to improve functionality. The Ledger Nano S wallet was the first hardware cryptocurrency wallet to be launched on the market.
- Flagship Ledger wallet with industrial-grade security with bluetooth
- Supports over 1300 crypto assets and tokens
- Supports all major desktop and mobile operating systems
- Connect to Ledger Live for staking, DeFi, NFTs and more
Trezor Model T Wallet
The Trezor Model T is one of the best hardware wallets in the world and it can store ETH, BTC and a whole host of other cryptocurrencies. The Trezor Model T has a USB-C plug, which means it can be used to receive and send data on an Android smartphone without having to plug it into a computer.
The killer feature of the Trezor Model T is a large touchscreen that offers the ultimate in terms of convenience for cryptocurrency storage.
- Top-tier cryptocurrency wallet with impressive touchscreen
- Compatible with a number of software wallets
- Store cryptocurrency, passwords and other keys with ease
- Excellent customer support
MyETHWallet
MyEtherWallet is a web-based wallet used for storing ETH. If you don’t fancy keeping your ETH in an exchange, MyETHWallet can be the right choice for you. It allows users to generate online wallets that are secure and allows them to perform transactions on the go. You can also enjoy added security by using 2FA. What’s more, there is an inbuilt BTC to ETH swap facility. The platform also comes with 24/7 support to facilitate transactions made on the wallet.
MyEtherWallet is an open-source Javascript client-side Ether wallet. It can hold your Ether and Ethereum tokens such as ERC20’s, Kyber Network Crystal (KNC), etc.. This makes it a very versatile wallet that caters to all types of tokens in the Ethereum ecosystem. It also comes with high-level encryption and a large community of users to facilitate transactions made from the wallet.
- Easiest wallet for cryptocurrency newcomers to get started with Ethereum
- Users are in full control of their own private keys
- MyEtherWallet.com platform makes it easy to access all of the applications built on Ethereum
- Hardware wallet support
MetaMask Wallet
This is a browser-based extension that enables you to store ETH on the blockchain. It also serves as an Ethereum web browser that allows you to access decentralized applications (dApps) without running a full Ethereum node. MetaMask works with Chrome, Brave, and Firefox browsers. It comes with a firewall that prevents malicious websites from redirecting. It’s particularly popular for interfacing with DeFi.
- User interface is easy for beginners to grasp
- Portal into a variety of Ethereum dapps
- Hardware wallet integrations
- Available on mobile and as a browser extension
Argent Wallet
Argent Wallet is a mobile wallet that allows you to store, send and receive ETH. It also supports other ERC-20 tokens on the Ethereum blockchain. The app comes with an intuitive interface which makes it very easy to use for both beginners and experienced users. You can even buy an Argent debit card from within the wallet so that you can use your crypto to pay for goods and services.
- Great wallet for Ethereum (and ERC20 token) users
- Slick UI that’s easy to understand
- Users can purchase cryptocurrency within the wallet
- Helps make sense of Ethereum ecosystem
KeepKey Wallet
If you are looking to store your Ethereum offline in a secure wallet, KeepKey offers one of the best choices. It features a stress-free security design that generates and manages private keys offline in cold storage. You also get easy backup and recovery processes that can be set up with a 12-word recovery phrase. Its sleek and simple user interface makes it easy to send and receive ETH, and you also get access to an exchange that allows you to trade your ETh for other tokens.
- Hardware wallet that offers a high degree of security for its users
- Simple integration with ShapeShift, a non-custodial crypto exchange
- Can be used with any desktop, laptop, or Android device
- Large screen helps with UI
MyCryptoWallet
MyCryptoWallet was birthed as a fork of MyETHWallet when the founders of MyETHWallet parted ways. It operates as a full-service web wallet that allows users to store their cryptocurrency efficiently. It offers support for a variety of ERC20 tokens and coins available on the Ethereum ecosystem. Users of MyCyrptoWallet can access their funds using an array of options including Trezor, Ledger Nano S, or other hardware wallets.
Trust Wallet
Recently acquired by Binance, Trust wallet is an Ethereum mobile wallet that also supports the storage of NFTs. It allows you to store, send and receive ETH on your mobile phone or web browser with the peace of mind that comes with security as it does not collect user personal data.
And best of all, it’s completely free. The app comes with a sleek user interface that makes sending payments quick and easy. It also allows you to buy Kyber Network Crystal (KNC) tokens directly from the app as well as a variety of other ERC-20 tokens.
Trust wallet also comes with a host of features including a built-in browser for decentralized applications (DApps).
Conclusion: There Are Plenty of Great Options for Securing ETH
All of these wallets offer the best options when it comes to storing your ETH. Before you make a decision, however, you should consider the pros and cons associated with each of them. The most important feature to consider with any wallet when it comes to cryptocurrencies is security. Look for a wallet that incorporates all the important security features such as 2FA capability, a well-known brand, and a solid reputation. An intuitive UI is also a top consideration.
