Top 3 ethereum wallets

Ethereum is the most popular altcoin. It popularized the concept of smart contracts and thus pushed forward the growth of Web 3.0. It also has the most developed ecosystem in terms of decentralized applications for DeFi, NFTs, etc.

Therefore, in this article, you will discover the best ethereum wallets in the market. But first, you will learn how to select a good ethereum wallet.

How to Select a Good Ethereum wallet?

In case you are in crypto for the long term, you should move to an Ethereum wallet that will give you the best value of the Ethereum ecosystem. We should keep in mind the following parameters before we select a wallet:

  • Security: You need to choose an alternative where you can hold your private keys.
  • Integration: This ethereum wallet will give us access to all Ethereum Virtual Machine (EVM) compatible chains like Avalanche, Fantom, BNB Chain, etc.
  • Feature compatible: The ethereum wallet is compatible with crypto products like Staking, NFTs, and Decentralized Finance (DeFi). It can also easily integrate with Web 3.0 decentralized applications.
  • Accessibility: It can easily integrate with Web 3.0 products and enable value transfer.

Looking for ethereum wallets that have these conditions can be hard to find. So, here is a list of them:

Top Ethereum Wallets
  1. Metamask

Metamask is the most widely used and most popular Ethereum wallet. The wallet is developed by Consensys, a software company with deep roots in the Ethereum ecosystem.

a) Metamask Features Available
  • Decentralized Web and Mobile wallet.
  • Store, receive, and send crypto.
  • Swaps: The Metamask aggregator finds the best price from the top liquidity sources and enables swaps among various tokens.
  • EIP 1559: Metamask has implemented gas price recommendations based on the new gas model (EIP 1559)
  • Buy: Directly buy crypto using Debit, Credit Card, or Bank Account.
  • NFTs: Interact with NFTs.
b) Metamask Advantages
  • Can integrate with almost all Ethereum Web 3.0 applications.
  • Easy integration of all EVM compatible chains (eg, Polygon, Fantom, Binance Smart Chain, etc)
  • High developer activity results in quick implementation of Ethereum updates.
  • Mobile wallet (along with desktop extension) has Web 3.0 browser integration.
c) Metamask Disadvantages
  • The mobile app has a poor user interface and has multiple instances of the application crashing.
  • The web extension is not compatible with NFTs
  • Can not integrate with other blockchains (non-EVM)

Metamask is also working on advanced features. Read our article “Three features that are transforming Metamask

2. Trust Wallet

Trust Wallet is a very popular crypto mobile wallet. Along with basic wallet features, it also offers a fully functioning Web3 browser to access dApps. The user experience is much better than the Metamask mobile application. Also, the wallet currently provides support to 65 blockchains and 4.5M+ assets.

a) Features Available
  • Decentralized Mobile only wallet
  • Store, receive, and send crypto
  • Swap: Connect with Binance DEX and swap your tokens seamlessly
  • Buy: Buy crypto using 3rd party services like Moonpay, Simplex, etc.
  • NFTs: Users can currently store their collectibles on the Ethereum (ERC721, ERC1155) and BSC (BEP721 and BEP1155) networks on their wallets.
b) Advantages
  • Compatible with multiple blockchains
  • Gives access to advanced features like Staking
  • Web 3.0 browser that can interact with any dAPP

c) Disadvantages
  • A browser extension is not available. Hence the only way to sync with Web 3.0 Desktop applications is via WalletConnect
  • Liquidity in Swap is not good

In addition, you can read more about how to use Trust Wallet in this article.

3. Ledger Nano X

Ledger Nano X is a hardware wallet that remains offline and is the safest of all the wallets mentioned. It comes with desktop and mobile software called Ledger Live. Ledger Live will help you monitor your crypto on the go. You can install the Ledger Ethereum wallet in your hardware and store your Ethereum safely. The Ledger Nano is usually used for long-term crypto holding.

a) Features Available
  • Decentralized offline hardware wallet
  • Store, receive, and send crypto
  • Token swap
  • Buy: Buy crypto using 3rd party services like Moonpay, Coinify, Wyre, etc.
  • NFTs: Allows you to store, transfer and interact with NFTs
b) Advantages
  • The mobile application directly syncs with the hardware using Bluetooth
  • Safest of all wallets
  • Can integrate with Metamask and other browser extensions to use in desktop dAPPs
  • Compatible with multiple blockchains
  • Gives access to advanced features like Staking.

c) Disadvantages
  • Always have to carry the Hardware wallet for transactions
  • Difficult to use when you need to make quick transactions
  • Limited application storage capacity

Learn more about Ledger Wallets here.

Other Ethereum Wallet Options

Finally, the good thing about Ethereum wallets is that if you hold the private keys (or seed phrase), you can easily transfer your account to any Ethereum-compatible wallet. Therefore, some of our other wallet recommendations include the Coin 98 wallet, the Exodus wallet, and the Guarda wallet.

Moreover, you can read more about these other options here:

Above all, we recommend moving your Ethereum from a centralized exchange to one of the wallets mentioned in this article. Also, always remember to keep your private key/s (or seed phrase) safe.

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