Best Ethereum Wallet

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 more secure Ethereum wallets. In this article, we will talk about the best Ethereum wallet as well as several additional options available at the moment. To pick the best wallet, we followed these simple requirements. This is what a wallet needs to be considered excellent:

• 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.

When looking for wallets, make sure that the above requirements are met before you store your coins there. For more information on the matter, check this website.

The Best Ethereum Wallets on the Market

Ledger Nano X

This is the most modern ETH hardware wallet that you could get. Ledger has been a pioneer in the industry of hardware wallets and they support Ethereum all the tokens of Ethereum chain. Right now Ledger Ethereum integration is available via MyEtherwallet which makes it easier for you to manage your Ethereum coin. Apart from ETH, you can also store many other coins.

This is the successor of popular Ledger Nano S. The major difference is it has battery and Bluetooth, so mobility has increased significantly. Moreover, you can manage more Coins at the same time.

Ledger Nano S

Probably the most popular hardware wallet, Ledger Nano S certainly deserves a place in this list. A hardware wallet lets you store your private keys in a physical device. As a key is everything in cryptocurrency, where you store them is crucial, and hardware wallets are widely popular. 

All the cryptocurrencies store in the wallet offline, so there’s no risk of hacking. If you’re not a programmer or a tech-savvy person, using a hardware wallet would be the best to ensure the security of your cryptocurrency. The OS of Ledger Nano S is BOLOS, which its developers integrate into a secure chip. When Ethereum Gambling is concerned, this is the wallet that’s used the most.

• Main Highlight

The main highlight of this wallet is its security. As it’s a hardware wallet, there’s no risk of hacking or technical loss. When you start the device, you’ll have to enter a PIN code, and you must remember that to connect your device. They provide you with a recovery sheet that you’d have to keep safe in case you forget your PIN. 

• Additional Features

Ledger Nano S supports over 1000 coins, including Eos, Bitcoin, Cardano, Dash, Dogecoin, Litecoin, Ethereum, and many more. It’s very lightweight, so carrying it around isn’t very difficult either. Another additional advantage is that you can run third-party apps on this wallet too. Using it doesn’t require any technical proficiency, so even if you’re a beginner, you wouldn’t have any difficulty in using this wallet. 

Metamask

If you don’t know much about the Ethereum network, you should go with this option. Metamask is a software that you can download as a Chrome extension too! Your Ethereum wallet remains available on your browser with Metamask, and if you’re a developer, you can interact with Ethereum test networks through it as well. 

• Main Highlight

Metamask provides an abstraction to its users, thus lowering the entry barrier for many people interested in Ethereum. With Metamask, you can access Ethereum dApps through your browser. Apart from that, you can easily switch between the leading network and a test network too. 

• Additional Features

Your private keys have password encryption with Metamask and remain stored on your machine to export whenever you require. Another highlight of this wallet is you don’t have to download a full Ethereum node to use it. With Metamask, you can manage multiple wallets from one place. However, you should know that it’s not as secure as a hardware wallet or a paper one. 

Trezor One – The Best Ethereum Wallet Right Now

Trezor is the oldest Bitcoin hardware wallet. It is a product of SatoshiLabs and has a straightforward interface. In terms of security, Trezor is quite advanced as its PIN code never leaves the wallet. This means even if you connect it with a compromised computer, you won’t face the risk of compromising your wallet. Some argue it’s the best Ethereum wallet in the market. 

• Main Highlight

The primary highlight of Trezor One is its security. Its PIN code system ensures that brute-force entering is impossible. When you enter the PIN code incorrectly, it increases the waiting time by a power of two. For example, it’ll take 17 years to make 30 guesses. 

Whenever you connect your wallet to your computer, it’ll ask you to enter the PIN. Trezor generates a random PIN code every time, and it’ll display one when you connect it to the computer. After entering the PIN, you’d have to enter the passphrase, which only you’re aware of. 

• Additional Features

Trezor One supports multiple cryptocurrencies (more than a thousand, actually) such as Litecoin, Ethereum, Bitcoin, Dash, Ethereum Classic, etc. 

However, Trezor doesn’t support Ripple, Monero, Cardano, and Tezos. It is compatible with Mac OS X, Windows, and Linux. 

Conclusion

Every Ethereum wallet we discussed in this article has its pros and cons. While Ledger Nano S is a robust and secure hardware wallet, Mist is open-source. Similarly, Exodus is beginner-friendly and is compatible with multiple devices, and it isn’t as safe as Trezor One. In the end, the best Ethereum wallet depends on your preferences and requirements. 

For more information on the matter as well as additional cryptocurrency knowledge, visit the Coinbet24 Bitcoin Blog. Once you decide which wallet to use, you will be ready for Ethereum Gambling. Make sure to visit the Coinbet24 Bitcoin Sportsbook & Online Casino for the best odds, markets, and casino games for cryptocurrency users.