Ethereum currently has the second-largest market cap after Bitcoin. Because of this, many investors are now flocking to Ethereum. Naturally, this has surged demand for secured Ethereum wallets.
In my opinion, all secure wallets must meet these basic criteria:
- Private keys – Wallets where you control your private keys
- Ease of use – Elegant UI for ease of use
- Development community – Active development community
- Backup & security – Backup and restore features
- Compatibility – Compatible with different operating systems
- NFT support: Let you buy,selll and see your NFT’s
I believe if a wallet does not have any one of these things, your coins could be at risk. When looking for wallets, make sure it meets the above criteria before using it to store your coins.
- Read: Ethereum Cryptocurrency: Everything A Beginner Needs To Know
- How to buy Ethereum (ETH)
- How to Instantly Buy Ethereum with Credit card
Here I have listed some of the best wallets for Ethereum that meet all these requirements.
Before that, here are the top exchanges with the Ethereum market:
Table of Contents
- 1 12 Best Ethereum Wallets for All Users
- 2 1. MetaMask (Desktop Wallet + mobile wallet)
- 3 2. Ledger Nano X
- 4 3. Ledger Nano S (Hardware Wallet)
- 5 4. Trezor (Hardware Wallet)
- 6 5. Rainbow Wallet
- 7 6. Guarda (Desktop + Mobile)
- 8 7. Argent
- 9 8. Exodus (Desktop Wallet + mobile)
- 10 9. Atomic Wallet (Desktop and Mobile)
- 11 10. Jaxx (Mobile Wallet)
- 12 11. MyEtherWallet (Web Wallet)
- 13 12. KeepKey (Hardware wallet)
- 14 Get Your Best Ethereum Wallet
12 Best Ethereum Wallets for All Users
1. MetaMask (Desktop Wallet + mobile wallet)
Whenever we talk about Ethereum wallet, the list always starts with Metamask. This is the most widely used Ethereum wallet which was initially available as a browser extension, and now also has a mobile app.
It is like a browser to access the Ethereum network. It not only enables you to store and send Ethereum but also allows you to access decentralized Ethereum apps. It has an intuitive design where you can switch quickly between the Ethereum network and other layers 1 and layer 2 solutions.
To make the most out of Metamask, you should use it with a hardware wallet such as Ledger or Trezor. This way, you ensure the safety of your wallet and safeguard yourself from hackers.
Tip: You should order Ledger Nano X from day one, and use it with Metamask to strengthen your crypto security. Watch the below video to learn how to use Metamask with a hardware wallet:
You can watch the following video to learn how MetaMask works.
The private keys are password encrypted and are stored on your machine, which you can export at any time.
2. Ledger Nano X
Ledger Nano X is an advanced ethereum (ETH) hardware wallet that anyone can use. Ledger has been a pioneer in the industry of hardware wallets. It supports Ethereum and all tokens of the Ethereum blockchain. Ledger-Ethereum integration is currently available via MyEtherwallet, making it easier for you to manage coins.
This is the successor of the popular Ledger Nano S. The features of Ledger Nano X include a battery and Bluetooth, which are also responsible for increasing mobility. Moreover, you can manage more coins at the same time.
The functioning of Ledger Nano X is similar to the Ledger Nano S. You can get it for as low as $119 with free-of-cost future firmware updates. The price also includes free shipping.
3. Ledger Nano S (Hardware Wallet)
The Ledger Nano S is one of the most inexpensive Ethereum hardware wallets available ($59). Here, Ether is stored offline on the device. Whenever you want to spend Ether, Ledger signs in using the private key stored on the device.
You can store both ETH & ETC. I have published a few video guides on using Ledger Nano S that you must check out. This will help you learn everything about Ledger Nano S.
The best thing about the Ledger Nano S is that it comes with a small OLED screen allowing you to control your transactions. Although not advisable, its robust security makes it usable for even a hacked system.
4. Trezor (Hardware Wallet)
Trezor was the first hardware wallet developed for Bitcoin. However, now Trezor can be used for Ethereum as well through the MyEtherWallet web interface. It also stores Ether offline on a secure electronic chip that is activated only when you log in with your password.
It is a light and portable device and comes in 3 colors – white, gray, and black – costing $99.
5. Rainbow Wallet
Rainbow is a mobile-only non-custodial Ethereum wallet that is becoming popular in 2022. This wallet has one of the best UI and offers all features which you may expect from a top Ethereum wallet service. The wallet is free to download, and at the time of writing this, only the iOS version is available and the Android app will be launching in the days to come.
Here are some of the top features of the Rainbow Ethereum wallet:
- Non-custodial wallet
- Wallet connect to connect with any dApps
- Buy .eth domain name directly from the app
- Add watch only Etherum addresses
- Hide and unhide tokens
- Create multiple wallets (Sub accounts or sub-wallets)
- Available for iOS, and Android version coming out soon
6. Guarda (Desktop + Mobile)
Guarda is a non-custodial wallet for storing Ethereum. The wallet has an intuitive interface and offers a high degree of protection. It is available for desktop, mobile, and web interface.
While setting up a Guarda wallet, you remain the only one to control your private key. This way, you are in complete control of your Ethereum and other coins. No personal information is required to use Guarda wallet, which has become a De facto standard among all top Ethereum wallets.
Argent is an advanced non-custodial ETH wallet that does not let you store the private key. The wallet is configured using your Email address and mobile number and can be recovered using the same.
The unique feature about this wallet is integration with compound.finance, which lets you lend Ethereum and accumulate interest. The wallet also has a dAPP browser. If you want your non-techie family or friend to use an Ethereum wallet, Argent is the easiest one of all.
8. Exodus (Desktop Wallet + mobile)
Exodus is the world’s first multi-cryptocurrency desktop wallet, which is free to use and has an attractive UI. As you open the Exodus wallet, a pie chart will show your entire portfolio of coins.
It supports seven cryptocurrencies (including Ethereum) and is the first desktop wallet to have ShapeShift built in for exchanging cryptocurrencies. You must always be connected to the internet to use Exodus but need not worry as your private keys never leave your machine.
Features like one-click email recovery and backup seed keys for restoring your wallet ensure the security of your funds.
Update: Exodus now supports close to 100 cryptocurrencies! They also have multiple exchange partners (including ShapeShift), which means they can offer more exchangeable assets. Sourcing liquidity from various partners has made exchanging in Exodus faster and more reliable.
They also do not require a personal email – this is an option for those who wish to receive the email backup link. Any email address can be used – or none at all! The email is only used once to send the backup link. Privacy is crucial to Exodus, leading them to not storing any personal data of their customers.
Exodus users can also send funds to and receive funds from smart contracts.
9. Atomic Wallet (Desktop and Mobile)
Atomic Wallet is an ultimate solution for Ethereum and ERC20 tokens. The wallet enables you to store, exchange, and buy ETH with a bank card. In the future, Ethereum will be available for swapping with Atomic Swaps – a fully decentralized way for exchanging cryptos without involving intermediaries.
Atomic Wallet supports over 300 cryptocurrencies and offers an interface for all ERC20 tokens. You can typically input a contact address and have the custom coin in your Atomic Wallet. The wallet encrypts your private keys on your device, giving you full access and control over your funds.
Atomic Wallet is available almost for any desktop operating system and all Android and iOS devices.
- Also: Review of Atomic Wallet
10. Jaxx (Mobile Wallet)
Jaxx is a multi-asset wallet created by the Canada-based company, Decentral. It supports 13 cryptocurrencies (including ETH) and has an elegant design with robust security features. On Jaxx, private keys never leave the device. Its features like seed keys enable you to restore your funds when necessary.
It has an amazing development community that looks after innovation and maintenance of the product.
Jaxx wallet is available for Android, iOS, Mac OS, Windows, and Linux. They are also launching a hardware wallet in the coming months.
11. MyEtherWallet (Web Wallet)
MyEtherWallet is different from other traditional web wallets.
Why? Unlike other web wallets, here you control Ethereum’s private key on your machine.
It is an open-source wallet with no third-party servers wherein you can also write and access smart contracts. I have written an article about this here. It has an inbuilt BTC to ETH (and vice-versa) swap facility. You can also connect your Trezor or Ledger Nano S to access your funds in MyEther’s browser environment.
12. KeepKey (Hardware wallet)
KeepKey is the costliest Ethereum hardware wallet available for $120. It keeps your ETH in a secure offline environment and offers the same features as the Ledger Nano S or Trezor. KeepKey has a bigger screen and is bulky (i.e. not easy to carry around).
KeepKey’s plastic body makes it vulnerable to damage if it is accidentally dropped. If you like its interface, it may be the right wallet for you.
Get Your Best Ethereum Wallet
Ethereum is only 7 years old and in the last 2 years, a ton of wallets have gone mainstream. Thanks to the NFT craze of 2021, we will probably see a ton of new Ethereum wallets in the time to come.
Be on the lookout for exciting Ethereum news!
I hope this list of best Ethereum wallets will help you make the right decision when choosing where to store your Ether tokens. I would love to hear your experience if you have used the above wallets or any other Ethereum wallet. Let me know your thoughts in the comments below!
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Loved this article? Here are a few more articles that you might like:
- Best Cryptocurrency Exchanges
- Why Should You Order 2 Or More Hardware Wallets At The Same Time?
- How To Buy Ethereum (ETH) at the Best Price (Step by Step Guide for Beginners)
Read more: Best wallets crypto – Krypto-NFTs