Ethereum wallet - When participating in the Ethereum (ETH) community, I realize that there are some topics that are always interested in people, especially new ones such as: Where to create an Ethereum wallet? Which ETH wallet should be used? A reputable Ethereum wallet? Store ETH in which wallet is safe? What is the best Ethereum wallet today? .. In general, they want to find a solution to keep their ETH money safe, avoiding the "scrutiny" of hackers. In this article, I Love Bitcoin will share with you the Top 12 reputable, safe, multi-user, and best ETH coin storage wallets 2019 - 2020.
What is Ethereum wallet (ETH)?
Similar to Bitcoin or other cryptocurrencies, yes Ethereum Also needs a wallet (Wallet) to store and transact ETH. In the easiest way to understand, you imagine ETH coin is like the paper money you are using every day and to store money you need a wallet, so does ETH, the difference is that ETH exists in physical form, not hold, hold, so the wallet that ETH uses is an electronic wallet, like a bank account.
What is the Ethereum wallet address?
Each Ethereum wallet will provide you with an "ETH wallet address," like a "bank account number," for storing and trading ETH. An ETH wallet address looks like this:
0xe79c3300773E8593fb332487E1EfdD8729b87445
ETH wallet address always starts with "0x”, Different from the BTC wallet address or other coins. In addition, ETH wallets also have other functions that BTC wallets do not. In addition to storing and trading ETH wallets are also used to create and activate tokens smart contract, this is a bit complicated you do not need to understand, I just introduced it, I'll talk about it in another article.
TOP 12 reputable, safe and best Ethereum (ETH) storage wallets
Below I will introduce to you 12 reputable, safe and best Ethereum wallets today, some wallets are experienced and evaluated by myself, some wallets are referenced on the world famous Crypto forums and blogs. I will refer to the two terms "Cold Wallet"And"Hot Wallet”If you don't know what it is, see here.
1. Ethereum cold wallet (hardware wallet): Ledger, Trezor, KeepKey
Cold wallet always the safest wallet to store coins, not only ETH but cold wallets can store most coins like Bitcoin, Ripple, Bitcoin Cash, Litecoin, Zcash, Dash, the ERC-20 token, ... currently there are 3 types of cold wallets are the most popular Ledger Nano S, Trezor and KeepKey, of which, Ledger and Trezor still excel in the number of users.
ETH cold wallet The advantage is that there is no need to connect to the internet when trading, so hackers cannot hack your wallet. In addition, the hardware wallet also has security features such as setting a PIN, 2FA, allowing backup (backup) to restore the wallet in case the wallet is lost via recovery phrase. These 3 wallets work well on Windows, Mac OS and Linux computer operating systems. However, cold wallets "no free“, You will have to pay 2 - 3 million VND to buy a cold wallet like Ledger or Trezor. Moreover, it is not easy to use for newbies. I have had a tutorial on Ledger wallet extremely detailed, you see below:
2. ETH wallet application on the phone: ImToken, Trust Wallet, Blockchain, Coinomi
2018 can be said as the year of mobile wallet applications, mobile wallet applications are a form of hot wallet, ie an internet connection is still required to make a transaction. Already a hot wallet, there is still a risk of hacker intrusion, but% is hacked very low, operating systems such as iOS and Android have extremely good security, most hacks occur on computers and for wallets. online web.
I myself also store ETH on phone wallets, some of the best mobile wallets that support Ethereum such as: ImToken, Blockchain, Coinomi, Trust Wallet, .. which will have 2 use cases:
- Storage and common transactions: You can use all 4 wallets above
- Participate in ICO projects: When you buy tokens from ICO projects they often require you to use an ETH wallet that supports ERC-20 tokens, the most popular is still MyEtherWallet, but I recommend that you use ImToken wallet which is more secure.
All of these wallets allow you to control your money, i.e. they don't hold a Private key, allowing you to back up funds through a recovery phrase and are fairly easy to use for newbies. If you do not know Where should create the Ethereum wallet prestige Then these 4 types of wallets are for you. You can see the manual for A - Z below:
4. Ethereum software wallet on computer: Jaxx, Exodus
Create an Ethereum wallet on the computer It is also a very good solution to store your ETH safely. Software wallet is a hot wallet, it is not as safe as a cold wallet, but if you know how to choose reputable suppliers, you can safely "keep" money on it. Currently there are 2 types of software wallets on the computer you should best use Jaxx and Exodus, these are the 2 most popular and reputable cryptocurrency wallet providers in the world.
Both Jaxx wallet and Exodus all support storing a lot of coins and tokens, not just Ethereum. It also allows you to backup your wallet, control your Private keys, provide good security features, and are easy to use for newbies. Jaxx and Exodus are currently available for Windows, Mac OS, Linux, and Jaxx for both iOS and Android. See instructions for using A - Z below:
5. Add-on wallet web browser for ETH: Metamask
Metamask perhaps a familiar name to the Ethereum community, this is a wallet installed through web browser extensions such as Google Chrome, Mozilla Firefox, Opera, and Brave, etc. Metamask wallet Known as a very secure ETH wallet, it has a huge user base, allowing users to store, send and receive ETH and ERC20 tokens. In addition, Metamask also supports wallet backup, wallet import / export via private keys or recovery phrases. However, for newbies, Metamask is not easy to use.
6. Ethereum wallet online: Coinbase, Blockchain, MyEtherWallet
It can be said that online wallets are the most popular wallet used by many people to store ETH and other coins, although it is not the safest wallet. Because, it's convenient, free and fast. This is a hot wallet, which I think is the least secure, MyEtherWallet (MEW) is a wallet that has been hacked a lot, I myself have been hacked. The reason MEW wallets become so popular is ICO projects requires investors to use MEW to be compatible with ERC-20 Token.
However, the MEW wallet is very "banana", it doesn't have any security features, just need the Private key to access the wallet and transactions. Besides the advantage of being easy to create and use, the biggest drawback of MEW is the "bad" security. As for Coinbase and Blockchain, these are the two most popular storage wallet services today, supporting Bitcoin, Ethereum, Bitcoin cash storage, with Coinbase also having more Litecoin and Ethereum Classic, there will be more ERC20 Token such as BAT coin, 0X coin.
Both Coinbase and Blockchain have quite a lot of good security features like 2FA, phone number verification, and Coinbase also use offline wallets to store customers' money very securely, however, Coinbase does not allow users to backup, they Also control the user's Private key. You see the article review and specific instructions on the following three types of wallets:
Epilogue
So I have finished sharing with you the types of wallets that support the safe, reliable and best Ethereum (ETH) cryptocurrency storage, including cold wallets and hot wallets, respectively: Ledger, Trezor, Keepkey, Imtoken, Trust Wallet, Blockchain, Coinomi, Jaxx, Exodus, Coinbase, Metamask and MyEtherWallet. In general, depending on the needs you choose the appropriate wallet, if you invest in Ethereum for a long time without much transaction demand, you should use a cold wallet, and often buy and sell hot wallets for convenience, wallets. I mentioned above are reputable and very safe, so you do not need to worry too much about security. For MEW wallet, you should replace it with ImToken.
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Should see: TOP 4 types of reputable, safe and best BTC storage wallets 2019 & 2020
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