Ethereum is a public, open-source, blockchain-based distributed computing platform which features smart contract functionality. A crypto-currency token known as ether is provided by Ethereum, which can be transferred from one account to the other and is also used to compensate participate nodes for computations performed. Allocation of resources and mitigation of spam on a network can be done with an internal transaction pricing mechanism known as Gas.
Well, if you are interested in crypto-currency blocks, you must have had gained an interest in crypto-assets beyond the ever-growing bitcoins. Though Ethereum is still new in the market but is a fast growing currency that is often considered in the same race as bitcoins. After Bitcoin, Ethereum has the second largest market cap now. Due to this, many investors are now shifting towards Ethereum.
- 1 MOST SECURED ETHEREUM WALLETS 2017
- 2 Best 10 Ethereum Wallets Available
MOST SECURED ETHEREUM WALLETS 2017
And for this reason, there is a high demand of more secure Ethereum wallets or these cryptocurrency wallets. In our opinion, all the secure cryptocurrency wallets need to have Private Keys, Development Community, Ease of use, Compatibility, Backup and Restore. Therefore, wallets, where users can control their private keys, should have an active development community, should have an elegant UI for ease of use, the wallets should be compatible with different Operating Systems and at last the wallets should have a backup and restore features.
Therefore we believe that if a cryptocurrency wallet doesn’t have one of these things then your coins could be at high risk and may give yourself a major headache. So, when you are looking for a secure Ethereum wallet firstly you should make sure that all the above requirements are meeting to the wallet you are buying before you store your coins there.
We have listed out the best wallets to store Ethereum and they all meet the requirements we have mentioned above. So, continue reading to know the top 10 best Ethereum wallet 2017 or best wallets for Ethereum.
Best 10 Ethereum Wallets Available
MetaMask Desktop Wallet
MestaMask is one of the most popular Ethereum wallets out there. It’s like an internet browser to access the Ethereum network and the MetaMask Ethereum wallet not only enables the user to store and send Ethereum but it also allows accessing decentralized Ethereum apps. This wallet has an intuitive design which allows switching between test network and Ethereum network very quickly. The private keys for security reasons are passwords that are encrypted and stored on user’s machine which can be exported anytime. It also has extensions for Firefox and Chrome browser. There is no registration or personal information needed for this cryptocurrency wallet. But it doesn’t support smart contracts.
Exodus Cryptocurrency Desktop Wallet
Exodus is the world’s first desktop that can be used for storing multi-currencies. This has a pretty attractive UI and is free to use. When you open the Exodus wallet, a pie chart will show the entire portfolio of coins. Other then Ethereum this wallet also supports 6 other cryptocurrencies and with an inbuilt ShapeShift in this wallet, you can even exchange cryptocurrencies and this was the first ever desktop wallet to have this feature. During using Exodus desktop wallet your computer should be connected to a network. This wallet also has a feature like one-click email recovery and also has a backup seed keys to restore your wallet ensuring the high security of your funds. This wallet is supported on Mac, Windows, and Linux platforms and doesn’t have smart contact support.
Trezor Ethereum hardware wallet
Trezor was the first ever hardware cryptocurrency wallet that was invented for Bitcoins. However, with the MyEtherWallet web interface now you can use Trezor wallet for Ethereum too. This wallet also has a feature of storing Ether even in offline mode in a highly secured electronic chip which you can only activate when you log in with your password. This wallet is very light and also can be easily portable. Trezor wallet comes in gray, white and black colors and costs around 99 dollars.
KeepKey Hardware Wallet
This is the costliest Ethereum hardware wallet which is available at about 120 dollars. KeepKey keeps your ETH in a secure offline environment as offered in Ledger Nano S or Trezor. This wallet has a bigger screen than its other two competitors and also is heavier i.e. not easy to carry around. It has a plastic body, so if it is accidentally dropped then it may damage but if you like it’s interface than it can be the right wallet for you.
Mist Cryptocurrency Desktop Wallet
This is an official Ethereum wallet. After installing this cryptocurrency wallet it will take few minutes to start as it will synchronize with all Ethereum nodes. It will prompt you to set a secure password after the sync is complete. You have to remember the password that you provide because there is no other way to access your Mist wallet if you forget the password. Not only have that, the process after that is also pretty typical liked other wallets, to perform any transactions you have to access to a pair of public and private keys. You also don’t need to worry about security as your private keys are on the device itself and also have an inbuilt ShapeShift. This wallet is supported on Mac, Windows, and Linux platforms and has smart contact support.
This Coinbase web wallet is one of the popular wallets among Bitcoin web wallets. But now it is also available for Ethereum as well. This is one of the cheapest and fastest ways to store Ethereum though in every country the access to this wallet is not available. A drawback of this wallet is that the private keys are not in user’s control this is because they are stored in Coinbase’s hosted servers. This is a decent way to store either for short term. This wallet can be accessed from Web Wallet, and through Android and iOS Apps but for that email registration and personal information needed.
Jaxx wallet is created by a Canada based company Decentral and it is a multi-asset wallet. Other than Ethereum, Jaxx supports 12 more cryptocurrencies and it has an elegant design with robust security features. The private keys never leave the device on Jaxx and it also has a feature like seed keys enable you to restore your funds when it is required. Jaxx wallet supports in Mac OS, Windows and Linux environments. You can also access it from Android and iOS devices. And it also has extensions for Firefox and Chrome browser. There is no registration or personal information needed for this cryptocurrency wallet. And it also supports smart contracts.
Well, if you are comfortable with paper wallets then do have a try on the open-source project ETHAdress to create an Ethereum paper wallet. This paper wallet also contains both private and public keys printed on paper like other paper wallets. If you want additional privacy then you can also opt for that which includes encryptions of the private keys. This is the cheapest form of cold storage that is available. This can be accessed from web paper wallets and there is no registration or personal information needed for this cryptocurrency wallet. But it doesn’t support smart contracts.
This wallet is little different from any traditional web wallets. This is because unlike any other web wallets, you can control Ethereum’s private key on your machine with MyEtherWallet. This is an open-source wallet with no third party services. It allows writing and accessing smart contracts. This wallet has an inbuilt feature of ETC to BTC and the opposite too swapping facility and not only that in this wallet you can connect your Ledger Nano S or Trezor to assess the funds in MyEther’s browser very easily. It has extensions for Firefox and Chrome browser. There is no registration or personal information needed for this cryptocurrency wallet.
Ledger Nano S Ethereum hardware wallet
The Ledger Nano S is one of the most inexpensive hardware wallets for Ethereum available at about 65 dollars. In this device, Ethereum can be stored offline. Whenever you want to spend your Ethereum cryptocurrency from the wallet, Lender just signs it using the private key stored in the wallet. In this wallet, you can store both ETC and ETH. One of the best things about this hardware wallet is it comes with a small OLED screen which allows you to control your Ethereum transaction. The wallet has so much high security that you can use this wallet even on a hacked computer.
Well, it is only three years Ethereum came in market and still is pretty young in the market. Due to this reason, the wallet ecosystem has very limited options at this moment. But we are sure that the speed in which our technology is growing, soon there will be different varieties of Ethereum wallets available for each and every type of users. Until then these are the most secure Ethereum wallets available in the year 2017.