How Can You Find the Best Ethereum Wallet?
Technology keeps advancing daily, and so also does the cryptocurrency world. There are many Ethereum wallets to choose from. But never fear.
In this article, we are going to tell you what features to look for in an Ethereum wallet and offer a shortlist of the best ones currently available.
What to look out for in an Ethereum Wallet Private Keys
A good Ethereum wallet should give you full control of your private keys. With your private keys, you will be able to encrypt files and make your wallet perform better overall.
You should be able to use your Ethereum wallet with different operating systems. This enables you to make use of your wallet anytime and anywhere. This means if one platform is experiencing downtime, you can easily switch to another one.
Ease of usage
A good wallet should be simple and easy to use.
Solid Backup and Restore Facility
A good Ethereum wallet should have solid storage and backup/restore facility. This helps you in times of Ether loss and alleviates many security concerns.
Best Ethereum Wallets
Ledger Nano S
The Ledger Nano S is a hardware wallet, and it is one of the most well-known Ethereum wallets around. Fashioned after a USB drive, it features an OLED screen with which you can carry out your transactions. The Ledger Nano S wallet offers a high level of security and can even restore your funds if anything goes wrong.
The Exodus wallet is free, and it is the first desktop wallet in the world that supports multiple cryptocurrencies. It also features “ShapeShift” which lets you exchange cryptocurrencies with other users. It can be used on any of Windows, Linux, or Mac operating systems. Although it requires internet, your private keys are saved on your computer (even offline).
This is another desktop wallet and has been tagged as the official Ethereum Wallet. It requires a password to access the wallet every time, and you can carry out your transactions by using a pair of private and public keys. Mist wallet also features ShapeShift. It works well on Windows, Linux, and Mac operating systems.
Coinbase, a web wallet originally designed for Bitcoin, has recently added support for Ethereum. It is available in 32 countries around the world. For you to use the Coinbase wallet, you will have to send your Ethereum to your public address. The main disadvantage of this wallet is that you do not have complete control of your private keys.