The face of investing has transformed in the past few years. Because of volatile markets and global uncertainty, Millennials are no longer looking to the standard investment products like stocks, bonds, and real estate. They are turning to new, secure, Blockchain cryptocurrencies such as Ethereum to mine and trade.
The techniques for trading and mining Ethereum and other cryptocurrencies are complex and time-consuming. But once you have ventured into the market and bought or mined some, you will need a place to put it, and you’ll be in the market for the best Ethereum wallet. There are many types of wallets that use various technologies to securely store Ethereum.
Whether you’re a novice investor looking for a simple wallet or an advanced trader looking to transfer and trade multiple cryptocurrencies, selecting the best Ethereum wallet can be a mind-boggling experience. We’ve taken the guesswork out of selecting the best Ethereum wallet by reviewing some of the top wallets on the market today.
Comparison Table
Ethereum Wallet Image | Ethereum Wallet Name | Website |
|---|---|---|
Trezor | ||
Ledger Nano S | ||
 | Jaxx | |
 | Exodus | |
 | Mist | |
 | MetaMask | |
 | KeepKey | |
 | Guarda | |
 | MyEtherWallet | |
 | Coinbase |
Product FAQ
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What Is an Ethereum Wallet?
How Does an Ethereum Wallet Work?
Where Can You Buy the Best Ethereum Wallet?
How We Reviewed
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The following products were reviewed based on the following parameters Features, Pros & Cons, Price, Where to Buy, and Security.
Overall Price Range of This Product (and Similar Products)
Pricing for the best Ethereum wallets varies widely. The best Ethereum wallets reviewed in this article range in price from free to $70.
What We Reviewed
Trezor
Features
rezor is one of the most trusted and ubiquitous hardware wallets available. It offers unmatched security for password management, cryptocurrencies, and second-factor authentication. Its ease of use makes it appropriate for anyone from a new user to a security expert. It works on Windows, OS X, and Linux. The user can easily prove ownership of messages and documents, or verify others. The Trezor connects to third-party wallets and services. This product is a single purpose highly secure device that allows the user to make secure Bitcoin transactions.
Pros
Cons
Price
This product can be found on Amazon for around $60.
Security
Trezor uses state-of-the-art cryptographic algorithms and practices.
Where to Buy
Ledger Nano S
Features
Having sold more than 1.2 million units worldwide, this is the most popular hardware wallet on the market. The private keys controlling your coins are protected within a secure chip locked by an 8 digit PIN code so they are never exposed. The product supports over 30 cryptocurrencies, allowing the user to manage multiple assets with the same hardware wallet.
The device is controlled by two simple buttons and all transactions can be verified on the screen. The companion computer app for the device, Ledger Live, makes it easy to manage crypto transactions. Assets are secure even if the device is lost—24 recovery words are backed up on a recovery sheet.
Pros
Cons
Price
This product can be found on Amazon for around $70.
Security
Stored in a strongly isolated Secure Chip and locked by an 8 digit PIN code.
Where to Buy
Jaxx
Features
This device features single master seed backup so this will be the only seed you will need in the future. All wallet functions operate on a single screen so there is no need to switch between send and receive screens. The menu animations deliver stellar UI. It is easy to sync across devices by scanning a pairing token or inputting seed. It supports multiple currencies and features a spendable balance display. It has a PIN for additional security. There are customizable settings for all currencies with visibility preferences. It allows for transferring funds from paper wallets, including encrypted paper wallets.
Pros
Cons
Price
This product is open source. Transaction fees apply.
Security
Single master seed backup, PIN, customizable QR codes.
Where to Buy
Exodus
Features
Exodus is a portfolio, exchange, and wallet for digital assets. It will manage a diversified portfolio of digital assets, it provides a seamless, one-click exchange experience, and it serves as a wallet for Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, and over 85 more cryptocurrencies. Live charts allow the user to track the value of their Blockchain asset portfolio in real time. The interface is customizable for a personal look ranging from traditional gray to patterns or themes. Private keys and transaction data are locally encrypted.
No account setup is required so data remains private. Exodus is designed for people who are new to cryptocurrency—it hides the complex details and exchanges assets behind the scenes in seconds.
Pros
Cons
Price
This product is free to download. Transaction fees apply.
Security
Blockchain assets are fully encrypted and protected with passwords.
Where to Buy
Mist
Features
Mist is the official Ethereum wallet, and it also supports multi-signature addresses, which is a benefit to advanced users. It requires the user to download the entire Ethereum Blockchain, which takes up a lot of hard disk space. Mist synchronizes with all the Ethereum nodes. Transactions are performed via a pair of public and private keys. The private keys are stored on the device, so there is no security threat. Windows, Linux, and Mac platforms are supported. Other currencies can be exchanged using the built in ShapeShift.
Pros
Cons
Price
This product is free to download. Transaction fees apply.
Security
Mist is the official wallet app for the Ethereum Blockchain, making it one of the most secure wallets available for the network and supported currencies.
Where to Buy
MetaMask
Features
MetaMask is built for Firefox and Chrome extensions. It is like a browser to access the Ethereum network. It not only enables you to store and send Ethereum, it also allows you to access decentralized Ethereum apps. The user can interact with Dapps and Smart Contracts without installing software or downloading the Blockchain. It features an intuitive design that allows the user to switch quickly between the main Ethereum network and a test network. No registration or personal information is necessary. The private keys are stored on the device and are password encrypted. They can be exported at any time.
Pros
Cons
Price
This product is free to download. Transaction fees apply
Security
MetaMask uses HD backup settings and has a robust community of developers updating the open source code.
Where to Buy
KeepKey
Features
KeepKey is a secure cryptocurrency hardware wallet that makes best-practice cryptocurrency security easy. It provides multi-currency support and is integrated with ShapeShift for seamless exchange among supported assets. Backup is easy with the creation of a twelve word recovery sentence during initialization. It the device is lost or stolen the user can safely recover the device and its bitcoins without compromising the security of the private keys. No operating system means there is no way to infect the device with viruses or malware. The device works on PC, Mac, Linux, and Android platforms. Plug the device in via USB for instant access and the highest level of security.
Pros
Cons
Price
This product can be found on Amazon for around $42.
Security
Device functions without an operating system and drivers, eliminating potential viruses and malware.
Where to Buy
Guarda
Features
Guarda is a multi-cryptocurrency wallet that supports the most popular crypto coins, tokens, and altcoins. Its device compatibility makes it one of the top Ethereum wallets for Android users. The device doesn’t store any personal information, wallet data, or private keys. The private key is stored in the device’s secure memory and deletes itself when the user logs out. The device allows the user to shift assets from one coin to another smoothly without registration, limits, and complex verification procedures.
Pros
Cons
Price
This product is free to download. Transaction fees apply.
Security
No client information, wallet data, or private keys are stored on the device.
Where to Buy
MyEtherWallet
Features
MyEtherWallet is an open-source client-side wallet that does not rely on third party servers. It allows you to store your Ethereum private key on your computer, offering an increased level of security and constant availability compared to other wallets. It features the ability to write and access smart contracts and integrate to hardware wallets like Trezor and Ledger Nano S. It features a built-in ETH to BTC swap ability. It allows the user to create secure paper wallets by running the program on an offline computer.
Pros
Cons
Price
This product is free. Transaction fees apply.
Security
Ether is stored on the user’s computer, not an exchange.
Where to Buy
Coinbase
Features
Coinbase is a very popular Bitcoin web wallet. It now includes Ethereum support as well. It is an easy, inexpensive, fast way to store Ethereum short term. The user registers at Coinbase, receives a public address, transfers their ETH or BTC to the public address, and the currency is stored on Coinbase’s public servers.
Pros
Cons
Price
This product is free. Transaction fees apply.
Security
Currency is stored on Coinbase’s public servers.
Where to Buy
The Verdict
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Based on our research we believe the best Ethereum wallet is the Trezor One Digital Bitcoin Wallet. This hardware device will securely store your keys offline and away from hackers. It is compatible with many different cryptocurrencies and altcoins. It has a password management feature for securely storing your password library. The unit is small and discreet so it won’t attract attention. With the ability to manage multiple currencies and store keys safely offline you won’t go wrong with the best Ethereum wallet, the Trezor One.
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