Crypto Wallets Review
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How to get an Ethereum wallet?
July 21, 2022
Terry Thompson

There are many ways to get an Ethereum wallet. You can use a web wallet, a desktop wallet, or a hardware wallet. But to get all the benefits of the Ethereum blockchain in one unique tool that does not limit you in anything, you need a mobile wallet such as Trustee Wallet.

 

To get an Ethereum wallet, you first need to download a mobile wallet from the app store – this can be done on any version of Android and iOS devices. After installation, open the app and create a wallet – write down a 12-word access key and confirm it. Right after that you can use the wallet right away: send and receive Ethereum, exchange it to other currencies, use it for purchases on any decentralized services.

 

In order to get the first coins in your wallet balance you need to get Ethereum in one of two possible ways. 

  1. Get ETH from another user or from another wallet. To do that, click on the coin and the “Get” button. Copy the address and send it to the sender.
  2. Buy ETH directly in the app. To do this, go to “Exchanger” and select the currencies for the transaction. After entering your payment details, select an offer that meets your requirements and confirm the transaction.

 

After that, the first cryptocurrency will appear on your wallet balance! You can always track transaction status in Transaction History.

 

How to make an Ethereum wallet?

To start using an Ethereum wallet, you first need to create one. To do this, download the Trustee Wallet mobile wallet, which supports ETH cryptocurrency and all tokens based on the Ethereum blockchain. 

 

After installing from Google Play or App Store, depending on the type of your device, click on “Create Wallet”. The app will generate a Recovery Phrase, a unique 12-word order that serves as the only key to access your wallet. 

 

After confirming the Phrase, your wallet is ready to use! But before you start using it, configure it for you. To do this, select cryptocurrencies to work with in the “Add an asset” panel – it is their balance that will be displayed on the main screen. 

 

Trustee Wallet supports not only Ethereum, but also 30+ other cryptocurrencies, so along with ETH you can add to the screen several more currencies you are interested in. In addition to the balance near the coins, their current exchange rate in the selected currency and your balance in terms of that currency will be displayed.

 

If you need to create several Ethereum wallets for different tasks, for example, one for storage and another for working on a decentralized service, you can do that right in the app. You can make an unlimited number of wallets in Trustee Wallet, each with its own unique access code.

 

You can switch between them at any second and give each wallet its own name.

 

How to create an Ethereum wallet?

Ethereum is a decentralized ecosystem based on which thousands of different cryptoservices and applications operate. The Ethereum blockchain uses smart contracts – autonomous programs that can perform certain actions strictly according to an algorithm without human involvement. 

 

The native coin of the system used in all transactions and smart contracts is the ETH cryptocurrency. To take advantage of all the benefits and services of the platform, you need ETH to pay – commissions for currency transfers, connecting smart contracts, creating new tokens, purchasing digital artwork, and much more. 

 

To acquire and manage ETH, you need a secure wallet with access to the world of decentralized finance based on Ethereum. But how to create an Ethereum wallet?

 

The best way to do that is to use Trustee Wallet, which is a mobile wallet supporting ETH, all tokens based on it, and over 30 other popular cryptocurrencies. To create a wallet do the following:

  • Install the application from Google Play and App Store
  • Create a wallet by pressing just one button
  • Write down and confirm the Recovery Phrase

That’s all! You can get your first ETH coins by transferring them from another wallet or buying them directly from Trustee through the built-in exchanger for fiat currencies. 

 

With WalletConnect you can easily connect to the world of decentralized finance, NFT marketplaces and any other cryptoservices. The entire Ethereum ecosystem is now at your feet. 

 

How to open an Ethereum wallet?

To open an Ethereum wallet, you need to decide on the format of the wallet and the device it will work on. But instead of citing pros and cons of different types of wallets, let’s save your time and get straight to the main point, namely – mobile Trustee Wallet is the best option for storing and working with cryptocurrency and here’s why:

  • it’s a wallet that supports 30+ cryptocurrencies and ALL tokens created from them
  • the mobile format helps you to manage cryptocurrency ALWAYS from anywhere in the world regardless of stationary devices
  • its security is comparable to desktop wallets due to its decentralized structure, open-source code, and non-custodial principle of access keys storage
  • it can be easily transformed into a hardware wallet, i.e. a wallet with the highest level of security
  • there is not only a wallet in one application, but also a built-in exchanger, internal staking, a key to the DeFi world and an NFT collector.

To summarize, this is the best option to use all the features of the Ethereum ecosystem with one universal tool. 

 

To open an Ethereum wallet on Trustee Wallet do the following:

  • download the Google Play and App Store app, depending on your device type
  • open it and click on “Create Wallet”
  • save the 12-word Recovery Phrase and confirm it
  • get your first ETH by sending them from another wallet or by buying them from the “exchanger” section
Wallets
Pros and Cons
Rating
Trustee Wallet

✅ Aggregates multiple exchanges;   ✅ Multicurrency;   ✅ Anonymous, non custodial, open source;   ✅ Supports NFTs;   ✅ Built-in staking;   ✅ Live сustomer support 24/7;   ❌ Limited list of supported exchanges;   ❌ No browser extension;   ❌ No desktop version.

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Ledger Nano X Crypto Wallet

✅ Multicurrency;   ✅ Connects to both iOS and Android via BLE   ❌ No open-source;   ❌ No immediate DeFi access;   ❌ No built-in exchange aggregator;   ❌ Does not support NFTs;   ❌ Does not support staking;

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Trezor Model T Crypto Wallet

✅ Self-sufficient;   ✅ Lightweight;   ✅ On-device encryption and Shamir backup;   ✅ Multicurrency;    ❌ Not meant to be used with phones (no app, no Bluetooth)   ❌ no direct access to DeFi;   ❌ Does not support NFTs;   ❌ Does not support staking.

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Coinbase Crypto Wallet

✅ Available as an app and a browser extension;   ✅ DApp browser, DeFi;   ✅ Multicurrency;    ✅ Non custodial;   ✅ Open-source;   ✅ Supports NFTs;   ❌ Difficult to navigate;   ❌ High usage fees;   ❌ Increased risk of phishing;   ❌ Does not support staking;   ❌ Does not allow deals in fiat money.

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Mycelium Crypto Wallet

✅ Non custodial;   ✅ Open source;   ❌ Cluttered interface;   ❌ Supports only Bitcoin;   ❌ No DeFi access;   ❌ Does not support NFTs;   ❌ Does not support staking.

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