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Best 5 Ethereum Wallets

If you believe in the potential of Ethereum and want to invest in it, then check out our comprehensive guide below to know more where you can buy and store Ethereum.

Ethereum is one of the most exciting cryptocurrencies being traded today. Building on the foundation that Bitcoin laid, Ethereum has far more capabilities than BTC. Whether its smart contracts, decentralized computing, autonomous organizations, or Crypto Kitties, Ethereum stands apart from the imitators and competition.

To use Ethereum, you’ll need an Ethereum wallet. This software gives an Ethereum owner exclusive access to their coins and buy Ethereum coins. There are tons of options for Ethereum wallets today. We’ll explain exactly what Ethereum wallets are, then narrow down the possibilities so that you can choose the perfect Ethereum wallet for your specific needs.

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    Best Exchange Wallet for ETH in November 2022

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    Best Ethereum Wallets in the US

    Ethereum is the second-largest cryptocurrency by its market capitalization, meaning that it is quite a popular asset among investors who put money into it. Hence, if there is heavy demand for this cryptocurrency, so is the need for Ethereum wallets. Accordingly, there are several wallets created to store, exchange, buy or sell ETH, so you have an extensive selection here.

    Still, you cannot be sure if all the Ethereum wallets are safe and user-friendly or if they will fulfill your requirements. These wallets vary in their functionality, pricing system, safety, etc. So, to pick up a good Ethereum wallet, you should spend a little time and do a little research reading reviews for different wallets.

    During the selection process, you should not only consider whether the wallet is secure and functional but also if it meets your expectations. Some wallets may be well-designed for iOS users, other for Android, or some wallets may not operate in your country, and so on. However, if you don’t have the time to spend on the process, we have already handpicked the best Ethereum wallets through detailed research.

    Compare
    You can read more about Ethereum wallets below. If you want to learn more about How to buy Ethereum with PayPal or how to buy cryptocurrencies.

    Best Ethereum Wallets in the US – Full Reviews

    eToro Money Wallet- Most Secure Ethereum Wallet

    eToro is driven by the philosophy of introducing technologies that could provide every investor from all backgrounds the equal opportunity to participate in the age of financial revolution. In order to fulfill this vision, eToro has launched its wallet, which allows both beginners and experts to easily store cryptocurrency.

    The eToro Money wallet, which is regulated by the Gibraltar Financial Services Commission, provides a unique, hassle-free way of keeping your wide range of cryptocurrency coins in a secure digital location. It has an easy-to-use interface that allows all investors to make of its every feature effectively. You can also attach your eToro Visa debit card with your wallet account without paying any account and setup fees.

    eToro exchange

    This reputable wallet safeguards your various cryptocurrencies including Ethereum with an advanced security system. It has high-level security features such as two-factor authentication, various levels of encryption, and multi-signature to ensure that your cryptocurrencies are kept safe and secure.

    Users may even be able to save their cryptos with a single username and password, eliminating the need to memorize or write down private keys or phrases.

    If you are an investor with a diverse investment portfolio, this Ethereum wallet is an excellent choice because it allows you to easily track your cryptocurrency portfolio on its app. Further, your cryptocurrencies are automatically stored in this wallet if you trade in cryptos using the eToro platform. You can make your account on eToro by clicking on this link.

    On top of it, if you want to make extra income through this wallet, then you could try out its feature of crypto-staking. You can avail the amazing features of this wallet by easily downloading it from Google Play (for Android users), and the App Store (for iOS users).

    Furthermore, the customer care service is always available to assist its users in case they come across any difficulty while accessing the features of this wallet. In a nutshell, the eToro money wallet comes out as the best option for all crypto enthusiasts due to its dependable storage services and fantastic features.

    Pros:

    • Supports more than 120 cryptocurrencies
    • Advanced security features
    • Designed by a reputable crypto exchange
    • Easy-to-use interface
    • Easily accessible for mobile users
    • Available in more than 100 countries

    Cons:

    • One could not transfer one’s crypto back to your eToro account
    • It is a little bit expensive for crypto to fiat conversions.

    Visit eToro

    Huobi – Top Notch Ethereum Wallet

    Huobi Global exchangeBeing one of the most popular cryptocurrency exchanges in the industry, Huobi Global offers a vast selection of crypto assets, competitive trading fees, and secure storage for your coins known as Huobi wallet. The company launched its Huobi wallet on September 14th, 2018 which shortly after gained a lot of popularity in the market. While the Huobi wallet became so widely accepted mainly due to the popularity of the Huobi exchange, it has some unique features that attract traders to this platform.

    One of the exceptional characteristics of this wallet is that it gives you full control over your data. In fact, your private keys are not stored on their servers but stored on your device. Additionally, Huobi wallet uses some robust security structures to protect those keys securely and prevent any fraud or attack cases. Meanwhile, it should be noted that the platform does not provide such essential security features as 2 Face Authentication, Multi signatures, and Open Source Code.

    Another exciting thing about the Huobi wallet is its huge selection of cryptocurrencies. Along with Ethereum, the platform supports 20 wallet types, among which are BTC, DOGE, LTC, BCH, DOT, KSM, XRP, HECO, and several others. Apart from this, Huobi also supports 13 stablecoins. Through the Huobi wallet, you can buy, sell, trade, exchange, and even stake these coins to earn rewards. Plus, you will have full access to all the NFTs and some Defi protocols.

    Huobi is free to download and is compatible with the iOS and Android operating systems. It has a comprehensive interface and good customer support that is available through email and live chat.

    Pros

    • Backed by a reputable crypto broker.
    • Does not allow users to store data on its servers.
    • Provides a good selection of cryptocurrencies, plus stablecoins and NFTs.
    • Compatible with iOS and Android devices.
    • Free to download and easy to operate.

    Cons

    • Does not accept US customers.
    • Lacks some crucial security systems.

    Visit Huobi

    Crypto.com – Best Defi Crypto Wallet

    Crypto.com ExchangeCrypto.com is one of the best Ethereum wallets in terms of security and versatility. It’s a non-custodial wallet that uses so-called Secure Enclave technology to encode private keys on your device. Along with it, your account is safeguarded with multiple security features, including 2 Face Authentication, Passcode, and Face ID which provide an extra layer of safety.

    The wallet supports storing almost 500 crypto assets, including the most popular crypto pair ETH and BTC, several ERC20 tokens, Defi coins, such as Yearn Finance, Uniswap, and multiple stablecoins. You can also store ERC721 and ERC1155 token-based non-fungible tokens. The wallet also provides a good selection of tools making it an exceptional platform. Defi Earn is one such tool that enables you to deposit your tokens and earn rewards.

    You can also take the advantage of buying almost 100 cryptocurrencies with a credit card or a debit card. So, Crypto.com wallet is not only about storing your coins, but also about buying, selling, growing, and swapping your assets.

    Another best thing is its pricing structure. The wallet is obviously free to use, but if you want to swap or buy cryptocurrencies, you need to pay transaction fees. The good thing about Crypto.com is that it allows you to select your favorite transaction speed and fee. So, the faster you want to conduct a transaction, the higher you must pay and vice versa.

    Pros

    • Full control over your private keys.
    • Strong security features, including 2FA, Passcode, and Face ID.
    • Ability to select network fee and transaction confirmation speed.
    • 500+ assets supported, including crypto, stablecoins, and NFTs.
    • Ability to import Metamask, Ledger, and MyEther Wallet wallets.
    • Provides buying crypto with bank cards.
    • Provides secure access to several Defi projects.

    Cons

    • Poor customer support, no mobile phone availability.

    Visit Crypto.com

    Binance – Best Ethereum Wallet for Android

    Binance Ethereum WalletBinance is the largest cryptocurrency exchange worldwide that provides its users with a software wallet known as Trust. Launched in 2017, Trust wallet supports more than 160 crypto assets which you can buy, sell, trade, exchange, and even stake to earn rewards.

    The app can be downloaded and installed on both iOS and Android systems. It’s free and can be easily installed on your device, and has a user-friendly interface, which is the reason why Trust wallet has more than 5 million users worldwide.

    When it comes to safety, it’s definitely not as secure as hardware wallets, but it has built sound security systems to keep its clients safe. Plus, you can manually activate more security features from the “Settings” section, such as fingertip scanning, code scanning, etc. Also, the platform does not require you to undergo the Know-Your-Customer process.

    Anyway, it won’t keep any of your information on its servers. The platform also provides its users with live charts where they quickly follow the prices of cryptocurrencies.

    Pros

    • More than 160 available cryptocurrencies.
    • One of the largest and most popular crypto platforms worldwide.
    • Available for iOs and Android devices.
    • Free to download and easy to use.
    • Supports staking ETH, IOTX, VET, etc.

    Cons

    • Charges gas fees.
    • Lacks good customer support.

    Visit Binance

    Coinbase – Best Ethereum Wallet for iOS

    Coinbase Ethereum WalletCoinbase wallet is one of the most widely used digital wallets worldwide, which became popular due to the cryptocurrency exchange of a similar name. Coinbase is a decentralized platform where people can buy, sell and trade cryptocurrencies.

    Founded in 2012, Coinbase has already attracted more than 73 million users across 100 countries. Along with its various trading tools and features, Coinbase also provides a wallet to store your cryptocurrencies, which is so far known as one of the most secure software wallets.

    The technology underlying its security systems is called Secure Enclave, which safely stores your private keys and applies multi-layered authentication processes to control access to your account. Apart from safety, the Coinbase wallet also stands out with its functionality.

    Along with storing your Ethereum and other ERC-20 based tokens on this wallet, you can also use them to participate in Defi projects. Moreover, the wallet also supports buying and storing NFTs and participating in ICOs to get coins at their lowest prices.

    Pros

    • Uses robust security features to protect its users from hackers.
    • Supports NFTs and ERC-20 tokens.
    • It is backed by a popular cryptocurrency exchange.
    • It is free to download and store your coins.
    • Charges low fees for conversions.
    • Easy-to-use interface and design.

    Cons

    • Supports a small number of coins.

    Visit Coinbase

    Exodus Wallet – Best Ethereum Universal Wallet

    Exodus Ethereum WalletExodus is a well-known multi-currency wallet created in 2015 by JP Richardson and Daniel Castagnoli. It became popular, particularly for its catchy design and super easy user interface.

    Exodus supports more than 150 cryptocurrencies, including such popular ones as Ethereum, Bitcoin, Litecoin, Tron, Tether, etc. The wallet is compatible with such operating systems as Android, iOS, Windows, Mac, and Linux and with the Trezor hardware wallets.

    Another feature that makes Exodus so popular among beginners is its customer support service. Exodus has done a great job here, as the users can find support in several ways. Apart from the FAQ section, Exodus provides email support and has a separate section for educational videos.

    You will also get an opportunity to join their Slack chat and participate in conversations. Exodus also stands out with its good functionality – along with providing a safe place to store your crypto, it also has a built-in platform where you can exchange cryptocurrencies without leaving the wallet. Additionally, some more exciting features are designed for its desktop app.

    When it comes to safety, Exodus is known as one of the most secure wallets. Still, it lacks some critical security features.

    Pros

    • Stands out with its fascinating design.
    • Has a customer-friendly interface.
    • Offers an exchange opportunity.
    • Supports a wide selection of crypto assets.
    • Excellent customer support service.

    Cons

    • Relatively higher transaction fees.
    • Users sometimes report about being hacked.

    Visit Exodus

    Infinito Wallet – Best Ethereum Wallet for Mining

    Infinito walletInfinito wallet is a mobile software digital wallet launched in 2017 by Infinito Blockchain Labs. The wallet supports more than 2000 cryptocurrencies and tokens and operates in more than 190 countries.

    The wallet comes in several useful functions – through it, you can buy, sell and trade cryptocurrencies. What is most fabulous, you can also earn interest staking or landing your crypto assets. Not to mention its customer support functions: Infinito provides you with a live chat opportunity.

    Additionally, the platform introduces analyses for different market trends and provides good educational content in 8 languages about using its platform. Among its fascinating functions is the ability to be informed about price alerts meaning you can be notified when crypto changes its value.

    Infinito is straightforward to use. You can download it completely free and install it on your iOS or Android device. Storing your coins on the wallet is also free, but you will be charged a variable transaction fee.

    Still, you can pay lower transaction fees by slowing down the transaction speed. As for safety, Infinito is recognized as one of the safest wallets, and it applies multiple authentication features to provide a secure place for storing your cryptocurrencies.

    Pros

    • Supports storing, buying, selling, and trading over 2000 cryptos and tokens.
    • Operates in more than 190 countries.
    • Good customer support and user-friendly platform.
    • You can earn rewards by staking or landing your coins.
    • Provides such functions as live chats, price alerts, market trend analyses, etc.

    Cons

    • Does not provide a desktop app.
    • Operates relatively slow.

    Visit Infinito Wallet

    Blockchain.info – Best Wallet for Beginners

    Blockchain.info walletFormerly known as Blockchain info, Blockchain.com is among the oldest digital wallets worldwide, which has gained a good reputation so far. It attracts users due to its simplicity and easy-to-use payment structure.

    The wallet can be downloaded on your desktop and mobile phone, and it is compatible with Mac, Android, iOS, Linux, and Windows operating systems. When it comes to the diversity of the supported coins, the selection is not as extensive here as with the previous wallets.

    Blockchain.info supports only less than 20 crypto assets, including Bitcoin, Ethereum, Dogecoin, Litecoin, and some other popular coins.

    Blockchain.info is mainly known as a safe wallet. It uses several security features to defend its users’ accounts and keep its coins away from hacks. Among the wallet’s security features are 2 Factor Authentication, IP restriction, Email notifications, Double Password, etc.

    The wallet is free to download, and it does not charge any fees for using the service, but you need to pay the mining network to verify your transaction. Prices for transactions are customizable, and you can select between priority fees and regular fees.

    Pros

    • Has built a good reputation so far.
    • Has a simple design and easy-to-use interface.
    • Compatible with iOS and Android devices.
    • Provides mobile and desktop apps.
    • Uses multiple security systems to protect users’ safety.

    Cons

    • Does not provide a large selection of cryptocurrencies.
    • Users often report bad customer support cases.

    Visit Blockchain.info

    What is an Ethereum Wallet?

    What is an Ethereum Wallet?

    Ethereum is a kind of digital currency. Just like any other kind of computer data, it has to be stored somewhere. Just as you store paper money in a wallet, Ethereum gets stored in a “digital wallet” – a piece of software for Ethereum storage and safety.

    Ethereum Wallets should not be confused with trading platforms and auto trading robots like Bitcoin Code and Immediate Edge, which are designed for trading and not for storage.

    Everyone who owns Ethereum uses a digital Ethereum wallet to keep track of it. Cryptocurrency wallets can be used to:

    • Send Cryptocurrencies
    • Receive Cryptocurrencies
    • Trade Cryptocurrencies
    • Spend Cryptocurrencies
    • Withdraw Cryptocurrencies

    Each Ethereum and cryptocurrency uses blockchain technology to complete transactions. However, crypto wallets cannot:

    • Send ETH to any non-ETH crypto address
    • Share user information with 3rd parties (not recommended)
    • Withdraw or access bank funds (only Bitcoin ATM)

    When you buy Ethereum, your personal coins are equipped with “private keys”. These are secret codes that identify certain Ethereum coins as your personal property. No one can send or receive Ethereum without first accessing its keys. However, private keys are lengthy, alphanumeric codes. It’s inconvenient for humans to keep track of them, so we created Ethereum wallet software to do it for us.

    When Ethereum is sent to an Ethereum wallet that you control, its keys get stored within the wallet. Now you can see all of your Ethereum holdings in one place, and use it however you please.

    Ethereum wallets can be stored on your computer or mobile, so that you can always access your coins. There are also hardware Ethereum wallets, which are small devices not connected to the internet. This prevents hacking and digital theft.

    Etheruem wallets are also built into exchange websites, like Coinbase. These wallets are meant to provide temporary storage of Ethereum for people who just bought it. These wallets are also good for daily storage for coins meant for active trading.

    Cryptocurrencies like Ethereum will always be their safest in a wallet you control, all the more so when stored on a device without an internet connection. Before you buy and store the cryptocurrency, you might want to check out where the Ethereum price stands right now.

    How to Create an Ethereum Wallet

    Binance

    Binance is the most-used crypto trading exchange on the planet. If you use Ethereum in any capacity, you’ll likely find yourself on Binance before long. We’ll help you understand how to create a Binance account and use the Ethereum exchange wallet.

     

    Step 1 – Create Your Binance Account.

    Complete the simple registration process at Binance.com, by giving your email address and a new password.

    Click the link in the email Binance sends you.

    You’ll arrive in your new Binance account. Supply a little more info to unlock full site functionality, so you can trade Ethereum and use the Binance Ethereum exchange wallet.

    Note: You can’t buy Ethereum with fiat money (like USD) on Binance.

    Step 2 – Go to “Funds” > “Balances”

    This is the page that organizes all of your account’s wallets.

    Whenever you buy a cryptocurrency on Binance, your order will be delivered to one of these wallets. .

    Wallets that have coins in them will appear at the top of the pile. You can send Ethereum to the Ethereum wallet address by clicking “deposit”. Then you’ll be able to trade Ethereum with all kinds of other assets on Binance.

    Visit Binance

    Coinbase

    Coinbase is the place most people first buy Ethereum, because it’s an exchange that allows you to use fiat money for purchases. New users can buy Ethereum with debit, credit card, or bank transfer. Creating a new Coinbase account is as easy as it gets. Here’s how to do it yourself.

    Step 1: Create Your Coinbase Account.

    Sign up for an “Individual” account at Coinbase.com.

    Provide your full name, email address, and choose a new password for this account.

    Find the email sent to you by Coinbase, and click the link.

    You’ll be taken into your new Coinbase account.

    Step 2: Find Your Ethereum Wallet.

    Click “wallets” and you’ll see your Ethereum wallet (along with wallets for the other coins sold on Coinbase).

    When you click it, you should see a screen ike the one to the right.

    Now you can send Ethereum to this wallet address. Ethereum you purchase on Coinbase will also be stored here, until you move it to an outside wallet for long term storage.

    Visit Coinbase

    Exodus Wallet

    The Exodus wallet is a software wallet for your desktop. It stores Ethereum and tons of other cryptocurrencies. Simply download it and set it up, following the steps laid out below.

    Step 1: Download Exodus.

    Download the wallet at Exodus.io (Exodus is desktop only). Install it following the prompts it provides on your screen.

    Step 2: Open Your Exodus Ethereum Wallet.

    Exodus can hold hundreds of different cryptocurrencies, with more added all the time. To see the Ethereum wallet, simply click the “wallet” button on the left. There you’ll see your Ethereum wallet. Click it, and you’ll see your Ethereum wallet address, balance, and other info. .

    Visit Exodus

    Infinito Wallet

    The Infinito Wallet is a multi-currency wallet for every crypto in your portfolio. It can hold Ethereum, Bitcoin, and many dozens more. We like Infinito’s intuitive design and attractive appearance. Read on to find out how to get your own.

    Step 1: Download Infinito Wallet

    On Infinitowallet.io, click “download” as seen above. Select the file for the device of your choosing. Once the download is complete, install the file. Follow the prompts and open up Infinito.

    Step 2: Go to the Ethereum Wallet already within Infinito

    Your Ethereum wallet will already be active once you’re inside the Infinito Wallet. Use it to send, receive, and store Ethereum for any purpose.

    Visit Infinito Wallet

    Blockchain.info

    Blockchain.com (Formerly Blockchain.info, by which it is still more popularly known) is a simple multicurrency web wallet. You can create an account in no time, then enjoy safe access to Bitcoin/Ethereum and a couple of others anywhere in the world.

    Step 1: Create a Blockchain.com Wallet

    Navigate to Blockchain.com and create a new wallet. They’ll ask for your email and a new password for the site. Then Blockchain.com will send you an email, and you must click the link therein.

    Step 2: Find Your Ethereum Wallet Inside Blockchain.com.

    Click “Wallet”. This will make your Ethereum and Bitcoin wallets appear. Click on Ethereum to access your Ethereum address and account balance. This Bitcoin account will be accessible anywhere in the world, as long as you can get online and type in the correct email/password.

    Visit Blockchain.info

    Differences Between Exchange, Hardware and Software Crypto Wallets

    If you’re confused about the difference between Exchange Wallets, Hardware Wallets, and Software Wallets, here are some details on their unique characteristics.

    Exchange Wallets

    Cryptocurrency exchanges provide wallets for their users, so they have a place to store new coins immediately following purchase.

    Exchange wallets aren’t built for long term storage, because crypto exchanges can be hacked, resulting in loss of user funds. Only rely on a wallet you control for long term storage.

    Here are our favorite Exchange wallets:

    • Coinbase Wallet
    • Binance Wallet

    Hardware Wallets

    The safest wallets are physical devices that aren’t connected to the internet. Connect these devices once to load your funds, then disconnect them from the internet for hack-proof storage.

    There are several hardware wallet manufacturers, all of them good. Only buy from licensed dealers, though, as counterfeit devices have been reported.

    Here are some good examples of Hardware wallets:

    • Ledger Nano S
    • Trezor
    • KeepKey

    Software Wallets

    Software wallets store Ethereum on your phone or computer.

    These wallets are more secure than a wallet on an exchange, but they’re still connected to the internet, so they’re not as safe as hardware wallets. Still, this is the perfect option for storing cryptocurrency you plan to use in the day-to-day. Not a good solution for long term storage.

    Here are some good examples of Software wallets:

    • MyEtherWallet
    • Infinito Wallet
    • MetaMask

    Best Ethereum Wallet on Mobile

    AppleAndroidApple x Android

    Best Ethereum Wallet Apple

    There are more secure Ethereum wallets than ones built for mobile, but none are more convenient.

    With that in mind, the most useful and convenient option will be the blockchain.com Ethereum wallet.

    Blockchain.info wallets are available anywhere your device is connected, and they’re free.

    The Coinbase wallet is another excellent option for Apple users, though if you’re interested in more than just Ethereum, the Coinbase wallet supports only a handful of other cryptocurrencies.

    Best Ethereum Wallet Android

    The Jaxx wallet is our favorite crypto wallet option for Android devices.

    Regulated options like Coinbase would also be a good choice, but Jaxx may be the better and more versatile solution for new users.

    Jaxx supports a whole bevy of altcoins, and Bitcoin is of course also included.

    Jaxx even enables basic trading. If you want one Ethereum wallet for Android that can do just about everything, choose Jaxx.

    There are hundreds of Ethereum wallets available on mobile devices. Most of them are not worth your consideration. Here are the things to consider when choosing Apple and Android crypto applications:

    Apple

    • Only compatible with Apple apps
    • Many crypto apps are instantly banned by Apple due to T&C violations
    • Apps from anonymous publishers will not be accepted

    Android

    • Android is application-agnostic
    • All apps appear in the Play Store…even the scams
    • Android apps can mine certain cryptocurrencies

    As you know by now, there are hundreds of Ethereum wallet options out there. When making your choice, always pick security and usability over other characteristics and features. When making your choice, read independent reviews and comments, using third party sources like BitcoinTalk Forum or Reddit. Protect your private keys and passwords, and you should never lose any Ethereum. Keep track of your wallets and you should have safe investments for many years to come.

    What Makes a Good Ethereum Wallet?

    With so many options, choosing a good Ethereum wallet may seem somehow tricky. Read on to learn what factors you should pay attention to in this process to find the most appropriate Ethereum wallet for you.

    Safety

    Safety is in the first place for us. One of the main functions of digital wallets is to keep your coins and tokens secure, so they should possess strong safety systems to be able to save your wealth from hackers. In this regard, hardware wallets are considered the most secure way of storing your crypto, as they keep your information offline.

    However, we should note that a hot wallet with solid security features can also be a safe option to store your coins. As for the exchange wallets, these are considered less secure than the hardware and software ones, but selecting a strong-regulated exchange wallet will lower the risks of being hacked.

    Functionality

    You need to also check out what functions the wallet offers you. Firstly, it may include the number of coins it supports. You may want to store just one type of cryptocurrencies, such as Bitcoin or Ethereum, but you may also want to diversify your portfolio and keep all your coins in one place. So, make sure that the wallet supports all the coins you have invested.

    Additionally, you can check what opportunities the platform gives – apart from storing your coins, you may want to trade them, stake, or land to earn interest. Hence, select a wallet that supports these functions. All in all, if you aim to use the wallet in full scale, explore its functions and compare it with other wallets to make a more reasonable choice.

    Cost

    Look through the wallet’s pricing system to determine if you can afford to pay the transaction fees or buy the wallet if it’s a hardware wallet. You can easily find a good software wallet, download it for free and store your coins without paying any service fee. But in this case, you need to pay attention to what prices they charge for the transactions.

    In contrast, hardware wallets must be bought as they are physical devices, and what is most important they are the best way of keeping your coins secure. Still, we should mention that which wallet you should use – hardware or software, actually depends on your trading goals.

    A hardware wallet may be a good decision if you consider investing in the long term. But if you will make trades frequently and make transactions quite often, a software wallet would be more convenient.

    User Interface

    The user interface is another essential factor to pay attention to when you are selecting an Ethereum wallet. Certainly, you don’t want to spend much of your time making out how the app operates. Hence, try to choose a platform with a user-friendly interface that will provide, by and large, easy-to-use design and work quickly.

    Compatibility

    You may want to use the Ethereum wallet on your iOS or Android device, or maybe its desktop app is more convenient for you. So, make sure that the wallet you will use possesses the appropriate compatibility. Most of the good software wallets are compatible with iOS, Android, Windows, Mac, and Linux devices, but, in any case, check this out before you make a final decision.

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    FAQs

    Can I store all my cryptocurrencies in the same wallet?

    Yes. Wallets like Exodus and Jaxx support hundreds of cryptocurrencies, especially the Ethereum-derived ERC20 assets. You can send any ERC20 asset to an Ethereum address, but otherwise never mix addresses. Only send BTC to BTC addresses, ETH to ETH addresses, etc. This way, you will never lose funds in a complex multi-currency wallet.

    Can I send Ethereum to a Ripple or Bitcoin wallet address?

    Never send one cryptocurrency to the address of another type of cryptocurrency. If you send Ethereum to a Bitcoin address, for example, your Ethereum is most likely lost forever. The only exception is when sending a coin that was created using a platform like Ethereum to an Ethereum address. These transactions will work. However, never take it for granted that any non-in-kind transaction will be successful. Do your own research, and otherwise stick to simple ETH > ETH transactions, and the like.

    What is the best Way to keep my Ethereums safely stored?

    For long term storage, keep your Ethereum in cold storage. 'Cold Storage' refers to any storage method that houses your Ethereum, without being connected to the internet. An Ethereum wallet might be stored on a non-internet-connected laptop. Hardware wallet solutions like the Ledger Nano S are also an option. Ethereum Paper Wallets are a perfectly secure, and free, offline cold storage solution as well.

    Can I convert Ethereum to FIAT currency on my wallet?

    There are very few occasions where you can change Ethereum to fiat currency within a wallet. The Coinbase wallet is one of the few examples, and this is only possible because Coinbase is so thoroughly regulated and license as a fintech company.

    Can I link my credit card to my bitcoin wallet?

    In isolated cases from high quality wallet providers (Coinbase wallet), you may connect your credit card to your Ethereum wallet. However, you won't be able to do this with the vast majority of Ethereum wallets.

    Question & Answers (20)

    Have a question? Our panel of experts will answer your queries.Post my Question
    1. Question

      Can someone explain the difference between hardware Ethereum wallets and software Ethereum wallets? Does it have something to do with storage? Please help!

      Julio
      Reply
      • Answer

        Hello Julio. Thank you for your question. The main thing to remember about the difference between software and hardware wallets is that software wallets are accessed online whilst hardware wallets do not require an internet connection to be accessed. That’s why for long term storage we recommend creating hardware or paper wallets. The fact that they are offline wallets does not make them easy targets for hackers because they will be unable to access the private keys. As for software wallets, even though they do adopt security measures to prevent that from happening, they are still targets of hacking attacks. I hope that answers your question.

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    2. Question

      I’ve been reading contrasting reviews about Binance. Would you recommend creating an Ethereum wallet on it?

      Angela
      Reply
      • Answer

        Hello Angela. Thank you for getting in touch. Thank you for your question. Binance is definitely amongst the exchanges we consider to be valid to create an Ethereum wallet. The platform is sophisticated and simple to use. It has a great variety of assets to choose from when trading, especially when it comes to cryptocurrencies. However, we must point out that it is an unregulated exchange so it is not amongst our most recommended platforms to create Ethereum wallets on. We would recommend storing your Ethereum on the Coinbase wallet instead. The platform is regulated, well-designed and secure. You can check out both our Binance and Coinbase reviews to find out more about the exchanges.

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    3. Question

      Are any of these exchanges recommended for traders based in Europe if I want to create an Ethereum wallet?

      Troels
      Reply
      • Answer

        Hello Troels. Thank you for your question. Most of these exchanges work perfectly all around Europe. We recommend Coinbase the most. It is probably the best platform to create an Ethereum wallet on for a variety of reasons, including verification process, ease of use, copy trading option lower fees and so on. You can find out everything you need to know about it on our Coinbase review.

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    4. Question

      Hello there. Does any of the exchanges you suggest have low minimum deposit requirements? I really wanted to sign up on Coinbase and create an Ethereum wallet but unfortunately I cannot afford to spend $250 just like that.

      Tom
      Reply
      • Answer

        Hello Tom. Thank you for your question. A lot of the minimum deposits offered by these exchanges are undisclosed, but our guess is that they will probably be around $200-$250. If you cannot afford spending that amount, you can try and contact customer support of each of these exchanges before you sign up, to see if they will tell you what the minimum deposits are and hopefully you will find a cheaper one. One thing to keep in mind though, is that what you might save up at the beginning, you may have to spend in extra fees later on. For example, even though Coinbase requires a deposit of $250, it is known to have fairly limited fees, so in the long term, you will probably end up paying less than an exchange that requires say $100 but has higher fees.

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    5. Question

      What would you say is the safest way to store cryptocurrencies in a wallet?

      ita87
      Reply
      • Answer

        Hi ita87. Thank you for your question. The safest way to store cryptocurrencies in your wallet, be it an Ethereum wallet or any other kind, is with paper or hardware wallets, especially if you intend to store them for a while. With paper wallets, you will have to print or write down your private keys to access the wallet and store them somewhere safe. Whenever you want to access your coins, you will have to type these keys into the blockchain network. Hardware wallets work in a similar way to paper wallets except that the keys are stored for you. We definitely consider these to be the best ways to store your coins safely because they do not require an Internet connection so they are out of reach for hackers.

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    6. Question

      Hello. I have been thinking about creating an Ethereum wallet lately, but my main concern is about convenience. Would it be possible to link my Ethereum wallet to my credit card?

      powi82
      Reply
      • Answer

        Hi powi82. Thank you for your question. It is normally not possible to do that. This possibility is reserved to only a few of the best platforms out there and those are eToro and Coinbase. If it is necessary for you to have your ethereum wallet linked to your credit card, then I would definitely make a choice between these two wallets. You can have a look at both our eToro and Coinbase reviews if you are indecisive between the two.

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    7. Question

      Hello. I’ve been wanting to create an Ethereum wallet for a while now, but finding the right one for me turned out to be much more challenging than I thought. I am currently based in the UK. What platform would you say is the best one to create a wallet on?

      les56
      Reply
      • Answer

        Hello les56. Thank you for your question. There are quite a few ethereum wallets out there but if you are in the UK, one of the best ones will probably be Coinbase. Coinbase can be used to send, receive and store Ethereum, Litecoin, Bitcoin and Bitcoin Cash. It is a regulated exchange with over 10 million users worldwide. Signing up on it only takes a few minutes and it only takes a couple of days for your identity to be verified. We consider it to be an excellent and reliable ethereum wallet. You can find out more about it on our Coinbase review.

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    8. Question

      Can I store all my cryptocurrencies in one wallet even if I have different kinds of them?

      arh_81
      Reply
      • Answer

        Hello arh_81. Thank you for getting in touch. Yes, you can definitely store all of your cryptocurrencies in one wallet but not all kinds of wallets allow you to do that. We recommend either Exodus or Jaxx. They support lots of different digital coins, particularly ERC20 assets. Please make sure that you send your cryptocurrencies to the right address, so if it is Ethereum send them to an Ethereum address, BTC to BTC addresses. Do not mix addresses or you may lose funds in the process of putting your coins into your wallet. I hope that helps. Good luck!

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    9. Question

      What is an Ethereum Wallet?

      George46
      Reply
      • Answer

        As suggested by the name, an Ethereum Wallet is a digital space where you can store Ethereum. It is a safe space through which you can send cryptocurrencies like Ethereum, receive them, trade them, spend them and withdraw them. Coinbase is one of the main provides of Blockchain Wallets. We recommend reading our Coinbase review if you are interested in finding out more about this.

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    10. Question

      Which wallet is the best to keep ethereum ?

      Ankit144
      Reply
    11. Question

      I was using Binance for a while, but I am thinking about something else now. Do you have a recommendation? I want to get the best deal.

      Steven
      Reply

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