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What is the Best Ethereum Wallet?
June 29, 2022
Terry Thompson

There are a number of different Ethereum wallets available on the market, but the best one for you will depend on your needs. In order to define what is the best Ethereum wallet, we’ll compare some features that influence convenience and safety of various Ethereum wallets.

 

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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What is an Ethereum wallet?

Before selecting a wallet, it is important to understand what Ethereum is and what it is used for. Ethereum is a decentralized platform that enables SmartContracts and other applications to be built and run without any possibility of fraud or third-party interference.

 

An Ethereum wallet is a software program that allows users to store, hold, and use Ethereum. Ethereum wallets may be of different types, e.g. web extensions, hardware or mobile apps.

 

In our opinion, the best Ethereum wallet should support multi currencies. This feature allows you to store your Ethereum and swap it to other cryptocurrencies with a single app. Using it correspondingly, crypto enthusiasts manage to earn extra income and grow their funds.

 

For this reason even the most popular Ethereum wallets which support ETH only are generally considered to be outdated and increasingly lose their audience. 

 

One of the best Ethereum wallets with integrated multi currency support is Trustee. It is prominent to store Ether, Bitcoin, and over 1 400 other digital assets.

 

What is the Best Crypto Wallet for Ethereum?

When selecting the best crypto wallet for Ethereum, it is important to understand both the pros and cons of each option. There are about ten reliable wallets available on the Ethereum network, and each provides different security and usability levels. For example, some popular wallets that are supported by Ethereum platform and said to be extra safe, lack user-friendly design. No wonder that when it comes to choosing the best crypto wallet for Ethereum, one may feel confused.

 

What is the best Ethereum crypto wallet for beginners?

If you are new to crypto, we recommend choosing Trustee Ethereum crypto wallet. Due to its functionality it is able to fulfill all your individual needs and preferences. On the other hand, it is very comprehensive and free to use, which makes it the most popular Ethereum wallet for beginners.

 

What is the Best Ethereum Wallet Type?

Ethereum wallets are an extremely important piece of technology when it comes to cryptocurrency. Originally, wallets that support Ethereum differ by types. Each type corresponds to certain users’ requirements. Using the information below you will learn the main distinctive features and decide what is the best Ethereum crypto wallet for you.

 

What are the different types of Ethereum wallets?

There are three types of Ethereum wallets: online, offline, and hardware.

 

Online Ethereum wallets allow users to interact with Ethereum and other cryptocurrencies. Their main advantage is that they don’t require the user to install any software.

 

Offline Ethereum wallets are physical wallets that store users’ cryptocurrencies offline.

 

Hardware wallets are designed to be as secure as possible and are often considered the most secure form of Ethereum wallet.

 

What is the Best Wallet for Ethereum?

Different Ethereum wallets’ typology is not solely bounded by whether they store crypto online or offline. One more distinctive feature is the type of device they are designed for. Let’s take a quick look at them excluding those which are outdated or otherwise inappropriate to be called the best Ethereum wallet.

 

Web Ethereum Wallets: Why is it better to avoid using them?

Among numerous Ethereum wallets available, the Web type is the least reliable of all. Though it still remains the best Ethereum wallet in terms of accessibility, we cannot ignore the fact that it stores users’ private keys online. Therefore, choosing an Ethereum wallet of this type may endanger your funds and lead to their loss.

 

If you still use a web wallet, we recommend you to transfer your asset to any other popular Ethereum wallet type.

 

Desktop Ethereum Wallets

Other popular Ethereum wallets raising doubts about their reliability are of desktop type. The reason is that desktop Ethereum wallets remain safe only if they are used as cold wallets (disconnected from the Internet). Thus, they either make it harder to manage your crypto on-the-go, or lose their advantage as a cold Etherium wallet.

 

What is the Best Wallet for Ethereum in terms of security?

To date hardware Ethereum wallets are the best option for storing large amounts of crypto.

 

Hardware storage is an ideal wallet for Ethereum that offers the highest level of security possible. Though limited in use, expensive, and less convenient than other Ethereum wallet types, they remain popular due to outstanding safety level.

 

What does this mean for you?

Hardware Ethereum wallet is the best option to protect your funds from cyber attacks. On the other hand, it may bring inconvenience to asset management. For example, it can not be recommended to beginners and those users who need to access their crypto on-the go.

 

Which Ethereum Wallet is Best For Mobile Devices?

Trustee is the most popular choice for mobile Ethereum wallets. It’s a free, open-source software wallet that works on both Android and iOS. Buying Ethereum with Trustee via credit card is free of additional charges, thus transparent and beneficial.

 

Another unique feature of this Ethereum wallet is Smart Swap function, which automatically finds the best rate available, saving your time and money. Great number of features provide the opportunity to not just store your Ether, but also instantly swap, transfer, and receive it from other users. Also, Trustee’s intuitive design is perfect for beginners to discover all the features of mobile Ethereum wallets.

 

If you need to store your Ethereum safely, but don’t want to carry around a physical wallet, Trustee will become your reliable and dedicated helper. The only requirement to remain 100% secured is to store your private key correspondingly. 

 

What is the Best ETH Wallet?

Which Ethereum wallet is the best in terms of usability? Both online and mobile wallets deliver 24/7 access to your funds, have user-friendly design, numerous options and are suitable for beginners. However, due to superior security features mobile Ethereum wallets are more preferable to use.

 

Choosing mobile storage for your crypto it’s better to consider popular Ethereum wallets. Often, the more users has a popular Ethereum wallet, the better service it provides.This simple approach often helps to save your time and reduces the quantity of Ethereum Wallets whose functions you need to analyze from hundreds to about a dozen. Also, we recommend reading the users’ reviews of different Ethereum wallets to make sure it is best suited for your goals.

 

Another criterion for choosing the right Ethereum wallet is its compatibility with your mobile device. There are still some popular Ethereum wallets that support either iOs (iPhone) or Android operating system, which may bring certain inconvenience if you decide to change your smartphone or tablet. Trustee eliminates this problem by providing Ethereum wallet both for Google Play and AppStore.

 

What is the Best Ethereum Wallet App Overall?

Having analyzed hundreds of Ethereum wallet apps, we discovered that Trustee  is the best option to store, swap, purchase and sell your asset. It is simultaneously free to download and use, functional, safe, and available for any operating system.

 

Here are some additional features that make Trustee Ethereum wallet the best app of its kind:

 

Numerous coins and NFTs supported

With Trustee you can manage as many currencies as you need. 

 

Instant transactions

Trustee software is developed to perform fast transfers. Thus, you can get your coins within just few minutes after confirming the operation.

 

Smart Swap added feature

Trustee Ethereum wallet will automatically choose the best rate for your transaction. Though the recommended exchange rate is always the best, it can always be changed manually if needed.

 

Advanced security system

Trustee users can increase the safety level of their Ether wallet by enabling 2FA or using other settings.

 

Friendly UI design

Unlike some traditional Ethereum wallets Trustee is easy and comprehensive even to beginners. Its intuitive design helps to carry out any transaction in a few clicks.

 

Create Ethereum contracts, easily manage various assets, and take the full benefit of Ethereum wallet with Trustee!

 

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.

View more
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;

View more
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.

View more
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.

View more
Mycelium Crypto Wallet

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

View more

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