After Bitcoin, Ethereum is holding the highest market cap in the cryptocurrency realm. Due to this, there are large numbers of investors who are mustering into Ethereum trading. As more and more people are opting for trading in Ethereum, therefore the demand for secure wallets for Ethereum has also witnessed a considerable increase. Some basic features which highly secured Ethereum wallets should have are:
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- User-friendly Ways of Operations
- Responsive Community
- Secure Backups
Giving these aforementioned features in mind, here is a list of safe and top 10 Ethereum Wallets which a user can opt for their Ethereum storage.
1) Ledger Nano S (hardware wallet):-
It is an expensive hardware Ethereum wallet, but the feature it provides is worth its cost. The Ether is stored in offline mode and one has to sign up using the private key feature for retrieving your Ether.
2) Trezor (hardware wallet):-
It was the first wallet, which came into existence for storing Bitcoin. With the MyEtherWallet interface, one can use this for storing Ether too. It stores the Ether on an electronic chip in an offline mode. Your chip can be activated only if you log in with your password.
3) Exodus (Desktop Wallet):-
It is a multi-cryptocurrency wallet m=and this feature makes it stand out. When you open this wallet, it displays one’s entire portfolio of coins in pie chart format. This helps greatly in keeping the record of your coins afresh in mind. It has ShaoeShift built-in for supporting the exchange of cryptocurrencies.
4) Jaxx (mobile wallet):-
It has solid security features and is a Canada-based company that has created this wallet. Private keys do not leave the wallet device and funds can be restored by the use of the seed key feature.
5) Mist (Desktop Wallet):-
This is made officially for storing Ethereum. There is no way to access this wallet if you forget your set password for this wallet. This is a drawback but can be used as an advantage too if proper attention is given. Moreover, this feature promises robust security to one’s stored coins. The private keys are present on the device itself and access the wallet to perform transactions, one has to use pair of private and public keys.
6) MetaMask (Desktop Wallet):-
With the safekeeping of Ethereum, this wallet also allows you to access decentralized Ethereum apps. The machine has password-encrypted private keys, which can be exported at any time.
7) MyEtherWallet (Web Wallet):-
This is a bit different from other wallets because in this wallet one can take control of the private keys of Ethereum on your machine. One can write and quickly get access to smart contracts, as there are no third-party servers. Therefore, it is an open-source wallet.
8) Coinbase (Web Wallet):-
This wallet comprises Ethereum support as it mainly dealt with Bitcoins. This is one of the cheapest ways to store Ethereum but is not supported in every country.
9) ETH address (paper wallet):-
ETH is an open-source paper wallet. They have public as well as private keys which are printed on paper. You can get additional privacy which can get even the private keys encrypted.
10) KeepKey (Hardware Wallet):-
It has the same features which are offered by Ledger Nano or Nano, but it offers a bigger screen than the. It keeps your Ethereum safe in an offline mode as it operated in the offline mode for storing.