10 Best Ethereum Wallets for Secure ETH Storage (2024)

In the fast-paced realm of cryptocurrency, choosing the best Ethereum wallet is akin to selecting the perfect tool for a digital treasure hunt.

As we navigate the complexities of the financial landscape, Ethereum wallets serve as our trusty companions, safeguarding our digital assets while offering innovative features and unparalleled security.

To make your choice easier, we have assessed the 10 best Ethereum wallets to help you find the ideal ETH wallet tailored to your requirements.

Keep reading and explore each option on our list in more detail.

Looking for a versatile ETH wallet? Discover swissmoney

swissmoney software custodial wallet was developed and launched in 2021 by blockchain and cybersecurity experts in Switzerland. It quickly drew the attention of Ethereum assets holders.

It offers multiple features, including crypto-to-fiat and fiat-to-crypto exchange, a virtual card, and an ETH wallet. swissmoney emphasizes user-friendly interfaces and secure wallet solutions.

Features:

• Dedicated IBAN accounts for effortless global transactions in both crypto and fiat.
• Accounts support various crypto and fiat currencies.
• Security measures like KYC, 2FA, and biometric ID protect your assets.
• Convenient deposit methods are available.
• Transfers and crypto conversions happen quickly with fixed fees.
• Use crypto assets effortlessly with your card for spending.
• No strict spending limits.

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Best Ethereum (ETH) Wallets

#1 MyEtherWallet (MEW wallet)

MyEtherWallet, or MEW, is a well-established official Ethereum wallet launched in 2015. Many users trust it, and it offers various tools for interacting with Ethereum and Layer 2 networks. It is considered a safe Ethereum wallet.

MEW provides various products, including a website, mobile app, browser extension, explorer, and educational resources. It’s designed to be user-friendly and accessible for beginners and experienced users.

Pros:

• Supports all major hardware wallets.
• Stores confidential data in cold storage offline.
• Compatible with multiple operating systems.
• Open-source and free to use.

Cons:

• Doesn’t support non-ethereum altcoins.
• The setup process can be confusing, especially for beginners.
• No live customer support.

Features:

• Wallet type: Self-custody hot Ethereum wallet.
• ETH deposit/withdrawal fee: None.
• Supported cryptocurrencies: 1
• Security features: Open-sourced blockchain explorer technology, Bug Bounty program, encryption, self-custody solution.
• Deposit methods: Credit/debit card; bank transfer; direct deposits from an Ethereum wallet.
• Crypto exchange: Yes (swap).

#2 Ledger Nano X Wallet

Founded in 2014, Ledger offers some of the most well-known hardware wallets. It is a growing company led by blockchain security experts dedicated to securing the blockchain revolution.

They offer customized solutions for safeguarding crypto assets for banks, hedge funds, and high-net-worth individuals.

Ledger Nano X is the company’s leading hardware wallet. This crypto wallet can accommodate over 1,800 cryptocurrencies and functions seamlessly on iOS, Android, and Windows.

Pros:

• Ledger Live mobile app access.
• Enhanced security.
• Spacious storage capacity.
• Bluetooth connectivity.

Cons:

• More expensive.
• Potentially complex setup process.

Features:

• Wallet type: Hardware wallet.
• Price: €149
• Supported cryptocurrencies: 1,800+
• ETH deposit/withdrawal fee: Depends on a third-party provider.
• Security features: Offline solution, 4 – 8 digit PIN code, CC EAL5+ certified secure chip.
• Deposit methods: Bank transfer; credit and debit cards.
• Crypto exchange: No.

#3 Exodus Wallet

Founded in 2015, Exodus Wallet is a user-friendly software wallet that aims to simplify cryptocurrency and digital asset management for all users. It prioritizes intuitive design over technical complexity.

Exodus offers versatile wallets which support Ethereum-based tokens and numerous other cryptocurrencies. It’s a multi-platform wallet accessible on desktop (Windows, macOS, Linux) and mobile (iOS, Android) platforms.

Pros:

• User-friendly cryptocurrency wallet interface
• Built-in exchange.
• Staking rewards.

Cons:

• The level of security may not be as high as cold wallet alternatives.
• Limited options for customer support.

Features:

• Wallet type: Self-custodial software wallet.
• ETH deposit/withdrawal fee: None.
• Supported cryptocurrencies: Up to 100
• Security features: Security teams, cloud security, self-custody solution.
• Deposit methods: No direct fiat currency deposit; P2P Marketplaces; DEXs, direct transfer from an Ethereum wallet.
• Crypto exchange: Yes.

#4 Guarda Wallet

Guarda Wallet debuted in 2017 and has since broadened its offerings to include a variety of secure digital wallets for simple cryptocurrency storage and management.

Guarda Wallet emphasizes decentralization and supports over 45 blockchains, 400K+ tokens, and various stablecoins. Its products are accessible on any browser, operating system, or smartphone.

Pros:

• No requirement for personal data entry to establish a wallet.
• Accessible to both iOS and Android users.
• Strong level of security.

Cons:

• The wallet’s closed-source code might raise security apprehensions.
• Certain users have noted comparatively high trading fees.
• Limited support for non-fungible tokens (NFTs).

Features:

• Wallet type: Web wallet.
• ETH deposit/withdrawal fee: The network fee and commission from exchange partners total around 0.5% per transaction, while fees for exchanges usually range from 2%.
• Supported cryptocurrencies: 50+
• Security features: Touch ID, the option to sync with a Ledger hardware wallet, open-source.
• Deposit methods: SEPA transfers; Apple Pay; Visa and MasterCard; and Union Pay.
• Crypto exchange: Yes.

#5 Trust Wallet

Trust Wallet is a Web3 wallet that facilitates cryptocurrency transactions, including buying, selling, swapping, earning rewards, managing NFTs, and discovering decentralized applications (DApps). Furthermore, Trust Wallet is available in mobile and browser extension versions.

Pros:

• Access to Web3 dApps and DeFi protocols.
• NFT support and access to NFT marketplaces.
• Doesn’t require personal data.

Cons:

• Advanced features may be challenging for beginners to navigate.
• Most supported coins are available only on mobile devices.

Features:

• Wallet type: Self-custodial software wallet.
• ETH deposit/withdrawal fee: None.
• Supported cryptocurrencies: 140+
• Security features: Biometrics, alerts for risky addresses and dApp connections, independent security audits, bug bounty, risk monitoring tools, encrypted cloud backup, and Secure Enclave.
• Deposit methods: Third-party platforms; DApps and DeFi protocol; P2P marketplaces; DEX swap; Direct crypto transfer from an Ethereum wallet.
• Crypto exchange: Yes.

Want to cash out? Learn How to Withdraw From Trust Wallet

#6 MetaMask Wallet

MetaMask is one of the most popular Ethereum wallets used by millions every month. Its browser extension is available for Chrome, Firefox, and Brave. With MetaMask, you can store Ethereum, ERC-20 tokens, and other digital assets in your browser.

It allows you to access decentralized apps and services without leaving your browser. Plus, you have full control over your private keys. You can easily import existing wallets or create new ones. MetaMask is known for its user-friendly features and seamless browser integration.

Pros:

• Convenient access to Web3 dApps and DeFi applications.
• Customizable gas fees for transactions.
• Seamless integration with web browsers.
• Mobile app option for on-the-go use.

Cons:

• Limited to the Ethereum network.
• The seed phrase needs careful management.

Features:

• Wallet type: Self-custodial software wallet.
• ETH deposit/withdrawal fee: Blockchain gas fees for transferring crypto to another Ethereum wallet or exchange.
• Supported cryptocurrencies: ETH, ERC-20 and ERC-721 tokens.
• Security features: Security audits, bug bounty program, disclosure policy.
• Deposit methods: Bank transfer; Instant ACH; debit/credit card; PayPal (US only, excluding Hawaii).
• Crypto exchange: Yes (through DEX).

Ready to cash out? Learn How to Withdraw from MetaMask to Bank Account

#7 Coinbase Wallet

Coinbase is a major crypto exchange. Its Wallet app lets you manage digital assets securely on mobile or as a browser extension. You can access decentralized apps and NFT marketplaces with your keys encrypted on your device.

Pros:

• User-friendly wallet interface.
• Education resources.
• Available in 130+ countries.

Cons:

• Higher fees compared to other wallets.
• Limited customer support availability.

Features:

• Wallet type: Self-custodial software wallet.
• ETH deposit/withdrawal fee: None.
• Supported cryptocurrencies: 240+
• Security features: Encryption, 2FA, advanced risk management, and custodial insurance.
• Deposit methods: SEPA, ACH transfers; credit/debit card; PayPal; Apple Pay; Google Pay; and direct deposits from an Ethereum wallet.
• Crypto exchange: Yes.

Related:  How to Delete Coinbase Account,  How to Withdraw from Coinbase, How to Cash Out on Coinbase

#8 eToro Money Crypto Wallet

eToro is a leading financial services firm and crypto exchange. It is renowned for its social trading and diverse investment offerings. Established in 2007 as RetailFX in Tel Aviv, the company is now based in Central Israel, with additional offices in Cyprus, the UK, the US, and Australia.

The eToro wallet is a popular Ethereum wallet for storing, tracking, and sending cryptocurrencies. However, it cannot convert to fiat currencies or transfer ETH from the wallet to the eToro investment platform.

Pros:

• Robust security protocols.
• Regulated by FCA, ASIC, FINRA, and CySEC.
• The interactive mobile app is available on iOS and Android.

Cons:

• Lack of crypto-to-fiat conversion functionality.
• Inability to transfer ETH from the wallet to the eToro investment platform.

Features:

• Wallet type: Custodial software wallet.
• ETH deposit/withdrawal fee: None.
• Supported cryptocurrencies: 8
• Security features: 2FA, segregated accounts, SSL encryption.
• Deposit methods: Credit/debit card; eWallets; SEPA and SWIFT; direct cryptocurrency deposits from an Ethereum wallet.

Crypto exchange: Yes.

#9 CryptoWallet.com

CryptoWallet.com, founded in 2021 and licensed in Estonia, offers a secure wallet with a Crypto Card for using Ethereum assets and various cryptocurrencies.

Additionally, it operates as a crypto neobank, offering IBAN for crypto transfers and an integrated exchange for purchasing and selling via credit/debit cards or SEPA bank transfers.

Pros:

• Multiple currencies support.
• Earn interest on select cryptocurrencies held in the wallet.
• Up to 3% cashback.
• Claims to be fully insured against security breaches with a refund guarantee.

Cons:

• Lack of transparency.
• As a web-based wallet, it’s more vulnerable to hacking.
• Users do not have full control over their digital assets.

Features:

• Wallet type: Custodial software wallet.
• ETH deposit/withdrawal fee: Unclear.
• Supported cryptocurrencies: 30+ networks.
• Security features: Insurance, KYC, encryption.
• Deposit methods: Direct fait and crypto transfer; integrated exchange purchases; third-party services
• Crypto exchange: Yes.

#10 OKX Wallet

Founded in 2017 by Star Xu, OKX is one of the leading global cryptocurrency exchanges, serving over 50 million users worldwide and holding the second position in trading volume. It provides a platform for purchasing Bitcoin, Ethereum, and other digital assets.

The OKX wallet app is highly regarded for its ability to generate passive income by accessing ETH yields from over 200 DEXs. Moreover, it includes an integrated NFT marketplace for enhanced convenience.

Pros:

• Many cryptocurrencies and trading pairs.
• Low trading fees.
• Ability to link external wallets for an extra layer of security.

Cons:

• Regulatory uncertainties. The user interface may not be as intuitive as other exchanges.
• Can be overwhelming for beginners.

Features:

• Wallet type: Non-custodial universal wallet.
• ETH deposit/withdrawal fee: None.
• Supported cryptocurrencies: 300+
• Security features: Bug bounty program, private keys encryption, online/offline storage, asset risk reserve fund, multisig protection.
• Deposit methods: Credit/debit card; SWIFT, SEPA, and Faster Payments; P2P marketplace; Bancontact; iDEAL; Giropay; direct deposits from the Ethereum wallet.
• Crypto exchange: Yes.

What is an Ethereum (ETH) wallet?

Ethereum wallets work as any other crypto wallet. They securely manage and store Ethereum and other cryptocurrencies. Users can view their balance and transaction history and send/receive funds.

Ethereum wallets are necessary to join the Ethereum blockchain, known for its smart contracts and decentralized apps (dApps).

There are different types of Ethereum wallets, like hardware, mobile, desktop, and web wallets. Each of them offers distinct features. Users should choose the Ethereum that suits their needs and security preferences.

📚Read More:What is an Ethereum (ETH) wallet

How to choose an Ethereum (ETH) wallet

Consider these features when selecting an Ethereum wallet:

Network support

Not every crypto wallet supports Ethereum. So, before selecting an ETH wallet, ensure it can handle Ethereum tokens.

Additionally, since many Ethereum holders own other cryptocurrencies and digital assets such as Bitcoin, Tether, and Dogecoin, it’s essential to consider which currencies the wallet supports and how many it can accommodate.

Custodial vs non-custodial wallet

Investors must choose between custodial and non-custodial Ethereum wallets.

Custodial Wallets

While using custodial wallets, users don’t control their private keys because the custodian secures the ETH tokens. Providers of custodial wallets, like cryptocurrency exchanges and wallet services, hold users’ private keys and handle transactions for them.

They’re Virtual Asset Service Providers (VASPs). Wallet creation is usually free, with these providers making money mainly from trading fees. They operate like banks, offering accounts for financial transactions.

📚Read More: Best Custodial Wallets for Crypto

Non-custodial wallet

Non-custodial wallets offer affordability and ease of setup and use. They provide access to decentralized finance and peer-to-peer applications, offering cost-effective financial services and products.

However, non-custodial wallet users shoulder the responsibility of safeguarding private keys. This situation exposes them to cybersecurity risks.

📚Read More: Non-Custodial Wallet Explained

Types of Ethereum wallets

There are various types of digital wallets, each with its own characteristics:

• Hot wallets. These wallets are connected to the internet. It makes hot wallets suitable for frequent transactions but more vulnerable to online threats.
  • Software wallets. These are applications that you can install on your computer or mobile device. Software wallets give you control over your keys. Security depends on the app’s infrastructure and how well you protect your device and keys.
    • Desktop wallet. Wallets, installed on a computer, give users full control over their keys and funds. It’s crucial to back up the wallet in case of loss or damage.
    • Mobile wallets. These apps on your mobile device manage keys, but regular backups are crucial due to common phone issues, theft, and breaches.
  • Online wallets. Store money for future online transactions. They authenticate users through regular login credentials. However, the provider can connect a wallet address to a specific user.
    • Web wallets. Owned by third parties, these wallets are convenient but less secure as you may lose access to stored assets if you forget your login or private key.
• Cold wallets. Not connected to the internet. Cold wallets provide extra security but are less suitable for regular trading.
  • Offline wallets. These operate without internet access and are specifically designed to resist online hacking attempts securely.
    • Hardware wallets. The most secure type, resembling USB drives. Every hardware wallet stores private keys offline. It is a physical wallet. Thus, losing the wallet without a backup means you can’t restore it.
    • Paper wallets. Involving writing down private key information on paper, they lack technological features and are highly impractical.

📚Read More: Different Types of Crypto Wallets

Security

Security is one of the main aspects that you should consider. Here are key features to ensure the safety of your ETH tokens in an Ethereum wallet:

• Recovery phrases and backup options: Ensure the wallet offers recovery phrases and backup options to restore your wallet if your device is lost or fails.
• Encryption and password protection: Opt for a wallet with robust encryption and password protection to secure your Ethereum tokens.
• Biometric security features: Some wallets offer biometric security like fingerprint or face recognition to enhance asset protection.
• Two-factor authentication (2FA): Choose a wallet that supports 2FA to add an extra security layer and prevent unauthorized access.
• Hardware wallet integration: Consider wallets that integrate with hardware wallets like Ledger or Trezor for added security, especially for long-term storage.

While many Ethereum wallets have robust security features, you still must be careful. Here are some precautions to secure your Ethereum wallet:

1. Make sure to keep your wallet software updated for security.
2. Only trust reliable sources to avoid scams.
3. Follow Ethereum-based assets like ERC-20 or ERC-721.
4. Stay connected with the community to address risks together.
5. Ensure your tokens work with other apps and can be updated through Ethereum smart contracts.
6. Monitor your transactions regularly.

Fees

Fees are yet another crucial aspect when choosing the best Ethereum wallet.

Ethereum gas fees

Gas fees represent charges on the Ethereum blockchain for transactions such as sending or swapping ETH and executing Ethereum smart contracts.

According to scientists, users must determine a Gas price on the Ethereum blockchain to ensure the miners process and approve the transaction. For the transaction to proceed, the Gas price must be at least as high as the lowest Ethereum transaction fees.

Other Ethereum wallet costs

Other Ethereum wallet costs and fees differ by type. The price of a hardware wallet usually ranges from €50 to €200, while Ethereum deposit and withdrawal fees hinge on third-party providers.

Conversely, hot wallets are often free but entail deposit and withdrawal fees. It’s essential to thoroughly evaluate these fees as they fluctuate based on the transaction type and platform used.

Some platforms might present lower fees for transactions conducted within their network or using their native blockchain.

Ethereum hot wallet

An Ethereum hot wallet enables you to store Ethereum-based tokens online, providing swift access, trading capabilities, and user-friendly features.

It comes in various types: desktop, mobile, web-based, or exchange-based, offering free and beginner-friendly options integrated with decentralized platforms.

Pros of an Ethereum hot wallet:

• Available as mobile or desktop apps, are easy to use and convenient for users.
• Most hot wallets are free, making them attractive, especially for beginners in crypto.
• Access to various aspects of the Web3 economy, including NFTs, DeFi, and blockchain gaming on the Ethereum network.
• Great for active trading and transactions, with features for buying coins and executing swaps on third-party platforms.

Cons of an Ethereum hot wallet:

• More prone to security breaches.
• Users risk significant losses from malicious software updates or installing apps from untrustworthy sources.

📚Read More: How to Choose a Crypto Wallet

Most popular hot Ethereum wallets:

• swissmoney: A versatile software wallet that supports Ethereum and other cryptocurrencies.
• Trust Wallet: A software wallet prioritizing security and integration with Web 3.0 browsers.
• MetaMask: A software wallet that provides a secure and user-friendly connection to blockchain-based applications, DeFi, and NFTs.
• Coinbase Wallet: A software wallet that allows users to store, manage, and exchange various cryptocurrencies, including Ethereum (ETH).
• Exodus Wallet: A software wallet that provides a secure and user-friendly way to manage Ethereum on mobile and desktop apps.

Ethereum cold wallet

An Ethereum cold wallet is an offline storage solution for Ethereum-based tokens. It’s a physical device or paper document that isn’t connected to the internet, making it ideal for long-term ETH and cryptocurrency storage.

Cold wallets, such as hardware and paper wallets, offer superior security compared to hot wallets because they’re less vulnerable to hacking attempts.

Pros of an Ethereum cold wallet:

• Stronger security by keeping private keys offline
• Promotion of long-term investments, which have historically been profitable in the cryptocurrency market.
• Low risk of physical theft since private keys and physical wallets don’t need to move.
• Need for fewer security updates, reducing exposure to new vulnerabilities.
• Smaller chance of personal information exposure.

Cons of an Ethereum cold wallet:

• Pricier than hot wallets, usually costing between $50 and $250.
• Not great for regular transactions and accessing funds quickly.
• Extra steps, like connecting to a computer, can be a hassle.

Most popular cold Ethereum wallets:

• Ledger Nano X: A popular hardware wallet focused on security and compatible with a broad array of cryptocurrencies.
• Trezor Wallet Model T: A hardware wallet recognized for its exceptional security features.

What are the safest Ethereum wallets?

The safest Ethereum wallets are Ledger Nano X, swissmoney, MetaMask, and Guarda Wallet. These wallets are recommended for their security features, ease of use, and compatibility with the Ethereum blockchain.

What is the best hardware wallet for Ethereum?

Many sources hail the Ledger Nano X as the top choice for a hardware ETH wallet. With robust security and support for over 5500 crypto assets, it’s a highly preferable choice.

Its advanced security, including offline private key storage, ensures protection against cyber threats, making it reliable for safeguarding ETH and other cryptos.

What is the best mobile wallet for Ethereum?

Based on various sources, some of the best mobile wallets for Ethereum:

• swissmoney
• MetaMask
• Trust Wallet
• Exodus
• Guarda Wallet

What is the best software wallet for Ethereum?

Here is our pick of the best software wallets for storing and managing Ethereum.

• swissmoney: Best for daily transactions.
• MetaMask: Best for user experience.
• MyEtherWallet: Best for Ethereum and other ERC-20 tokens transactions.
• Trust Wallet: Best for a wide range of transactions
• Guarda Wallet: Best for safe storage of tokens

An Easier Way: swissmoney App

Fiat or crypto, Android or iOS we promise you the best Swiss quality experience.

Get it now

Conclusion

In the dynamic world of cryptocurrency, discovering the best Ethereum wallet is like finding a hidden gem. In 2024, top crypto wallets act as guardians of our assets, offering security and innovation.

swissmoney, born in 2021, is a trusted choice built by experts in blockchain and cybersecurity. It provides a haven for new and experienced Ethereum holders amidst the crypto landscape.

Similarly, Ledger Nano X is a hardware stronghold of security, respected for its robust defences and vast cryptocurrency support, safeguarding various digital assets.

Exploring Ethereum wallets is an exciting journey, each with unique features. It’s a quest filled with endless possibilities and potential wealth.

Methodology: How we chose the top Ethereum wallets

We thoroughly assessed ETH (Ethereum) wallets by analyzing independent sources and user feedback. Our evaluation examined features, level of security, pricing, and supported currencies, gathering information from official websites and reputable reviews.

We focused on Ethereum wallets with high-level security, competitive fees, and advanced trading features. Our findings, including analysis of trading tools and deposit options, are presented in the summaries.

Top Ethereum Wallets FAQs

Which is the best Ethereum wallet?

The best Ethereum wallet varies for each person, depending on their preferences. However, after evaluating the top 10 options, here is a list of the five best Ethereum wallets:

1. MyEtherWallet
2. Ledger Nano X Wallet
3. Exodus Wallet
4. Guarda Wallet
5. Trust Wallet

📚Related: Best Ways to Cash Out Ethereum

Where can I buy Ethereum (ETH)?

You can buy Ethereum from various platforms like exchanges and online services. Here are our top picks:

1. swissmoney
2. Coinbase
3. Kraken
4. ByBit
5. Crypto.com

📚Related: How to Spend Ethereum

Is Ethereum wallet free?

Some software Ethereum wallets like swissmoney are free to acquire. However, they may charge transactional fees. 

Conversely, hardware wallets are physical devices that must be purchased. Then again, transactions using hardware wallets aren’t free. The fees depend on a third-party provider.

Generally, the cost of an Ethereum wallet varies depending on its type. According to scientists, digital wallets offer a more cost-effective alternative than traditional transaction methods, often involving multiple charges.

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