In 2018, billions of dollars in the form of crypto tokens –including ethereum- were stolen by hackers. Most of these tokens belonged to regular individuals who did not store them in the best ethereum wallets available and did a poor job of keeping their cryptocurrency tokens safe.
With ethereum being one of the more popular tokens, hackers are actively looking for loopholes that will give them the opportunity to steal ethereum from anyone who is less than careful.
To protect your tokens, you’ll need to use one or more of the most secure ethereum wallets available to you. In this article, we’ll show you the top ethereum wallets with excellent security and good track record.
Using these wallets, you can secure the safety of your ethereum assets and ensure that these hackers do not get their grubby hands on them.
Features Of The Most Secure Ethereum Wallets
Before we talk about these wallets, let’s quickly identify what makes these wallets secure. If you’re familiar with those parameters, go to the next section. If you aren’t, you should read this. The best ethereum wallets in 2019 have the following features:
- Private key
- Seed phrase
- Dedicated team of professional developers who are committed to maintaining and frequently updating the wallets to prevent any vulnerabilities
- Backup functions to ensure that you don’t lose your assets and tokens
- Two factor authentication enabled (2FA)
- Positive customer reviews –some have a mixed ration of positive and negative reviews (focus on those with more positive reviews)
- Compatibility with several platforms and devices –wallets should be accessible on your PC, tablet and phone
- Ease of use –should be very user friendly with good navigation
With these parameters, you now know what to look for in your wallets. Let’s check out the best ethereum wallets for 2019 and beyond.
List of the Best Ethereum Wallets
In this section of the article, we’ll take a look at the top ethereum wallets designed to keep your tokens and assets safe and secure. While many have similar functionalities, they all have unique features, and are adapted to different user levels.
So, whether you’re a beginner looking for a simple, but secure solution or a seasoned retail investor interested in extra security for your tokens, this list should provide you with everything you need.
The default and most popular ethereum wallet. If you’re buying ethereum for the first time, you’ll find recommendations of MyEtherWallet everywhere you look. It has been around since the beginning for a reason: it’s secure and easy to use.
The user interface is quite intuitive, which makes it very easy to navigate. You just need to follow the prompts to store and secure your wallets. It’s pretty straightforward and self-explanatory. So, beginners will find this an excellent option to start with.
The reason this has been largely secure is that all your private keys are stored locally –on your computing device- instead of servers. So, even if hackers find your public wallet address, they still wouldn’t be able to hack your wallet.
Wallets with server based private keys are more susceptible to being hacked because both of them are accessible. It also provides an option for frequent backups. As a web based wallet, accessing it is by using a secure web browser on your computer.
Registration is pretty straightforward and requires no personal details. This way, you can actually stay anonymous, whilst enjoying the benefits of this amazing wallet. It’s not just great for ether tokens alone, it’s configured to store all ERC-20 tokens.
This means that it can store other crypto tokens apart from ethereum –as long as they’re using the ERC-20 standard. You can also integrate hardware wallets as well as create and execute smart contracts on MyEtherWallet. This is free to use.
Trezor is one of the more popular hardware wallets. In case you didn’t know, hardware wallets are USB like cold storage wallets -not connected to the internet- that you can carry around or store safely away.
While it was initially designed to store bitcoins, new upgrades have incorporated the ability to store and secure your ether and ERC-20 tokens. It also works with MyEtherWallet, synchronizing data between the two and keeping your data and secure.
The device has an electronic chip that only works after you’ve entered your password. Without that, no one can access tokens stored on it. This wallet has a wide array of features, all of which are designed to help keep your wallets and tokens safe.
These include two factor authentication, advanced cryptography tools, and confirmation prompt –which lowers your risk of sending the wrong amount or sending to the wrong address. Trezor costs $100 because it’s a hardware device.
Ledger Nano S
Ledger Nano S is another hardware device that does everything Trezor does, only at a cheaper rate. It has a more robust storage format, which allows it to be used for storing multiple crypto tokens apart from ethereum.
It currently supports about 1,000 cryptos –way more than Trezor, which essentially makes it an all-in-one hardware storage device. Ledger Nano S is an amazing cold storage device and has a ton of features –all of which aid the security of your tokens.
Some of its security features include 2FA, secure PIN code, recovery seed phrase for backups, offline private keys, and self-preserving technology that drastically reduces your exposure to risk.
For instance, the device will never connect to a hacked or compromised computing device. It’s very user friendly with easy navigation and prompts. Costs just $65.
Jaxx is known as the ethereum mobile wallet for iOS and android devices, this is a great way for anyone to have their wallets on their phones and tablets.
Created by Decentral, a Canadian based startup, this app can store ethereum tokens as well as thirteen other token types, including bitcoin. Its user interface is very intuitive and user friendly.
It also has some pretty impressive security measures designed to protect your tokens and keep them safe. The private keys used to access the device is stored safely on the mobile device, which means that there’s very little risk of hackers getting their hands on them.
Even better, the wallet makes use of seed keys to back up your tokens. Jaxx is currently the most secure wallet for ethereum on smartphone devices. So, if you really need a highly secure wallet that you can carry with you on the go, this is it.
is the first wallet to introduce multiple cryptocurrency storage. While it’s not as popular as some of the aforementioned, it is still an excellent very user-friendly wallet that currently supports more than 100 cryptocurrencies.
It also has other features like your portfolio’s chart and multilayer security measures to keep your tokens safe. This wallet has been first in so innovative features, including the addition of ShapeShift to its wallet. Token transfers can also be done through the use of smart contracts on the platform.
All private keys are locally stored on your device, which means you don’t have to worry about hackers stealing your keys from servers. Exodus is also big on anonymity, so you don’t have to provide any personal details or information to set up your wallet.
8 Ethereum Wallets To Use In 2019 Conclusion
These wallets all serve a purpose. Some are hot wallets that are great for frequent trading and transactions, others are cold storage devices that will keep your tokens safe and secure. All smart crypto investors understand that you often need both.
A small amount of your crypto holdings can be in your mobile or desktop wallet for easy access and instant transactions. While the bulk of your holdings can be transferred into cold storage where they are secure and away from the internet. You might want to adopt a similar approach with your ethereum tokens.
At the end of the day though, these wallets are the best ethereum wallets currently available to you. Use them to keep your tokens safe and secure from prying eyes and cyber thieves.