In this article we are going to talk about the Best Wallets for Ethereum, according to the security and the functions of each one of the wallets. So keep reading and learn a little bit more about the Best Ethereum Wallets for 2018.
But if you want a wallet just for your regular day to day transactions (small transactions), using MyEtherWallet is perfectly fine. But software wallets or hardware wallets are always better options if you want more security.
Another very interesting feature of Exodus is that you have a pie chart that will show your entire portfolio of coins, so you can keep track of your investments. It's very useful so you can know exactly the amount of money you have invested in all cryptocurrency.
And another great point of Exodus is that you have extra functions like e-mail recovery and Backup Seed Keys for restoring your wallet. So you have more security and also you have options to restore your wallet in case something goes wrong
And this is why a Hardware Wallet is much better than using a web wallet or software, because your coins will be offline, so you can't get hacked. And you don't have to trust a company to keep your Coins, you can be your own "bank".
Just so you know, this kind of wallet is so secure that you can use a Hardware Wallet like Ledger Nano S even if your computer gets compromised, because even the computer never get access to your private key. So if your computer has virus or some hacker get access to your computer, no one can get access to your balance, other than you.
You can learn more about Ledger Nano S by clicking here.
So if you are looking for the best way to store your cryptocurrency, I highly recommend using Ledger Nano S or Trezor. I hope this article was useful for you, don't forget to bookmark our website so you don't miss our next posts.
What is the best ethereum wallet?
In this video you will understand the pros and cons of each one of the ethereum wallets:Myetherwallet
First we have MyEtherWallet, a web wallet. If you are a reader of our website you will know that usually we are not big fans of web wallets. Because when you use a web wallet, you don't have full control of your private key. But that's not the case for MyEtherWallet. This web wallet is very different from the regular web wallets, because you have full control of your Ethereum Private Key. So we recommend using MyEtherWallet, but honestly, in our opinion, web wallets are not the best choice.But if you want a wallet just for your regular day to day transactions (small transactions), using MyEtherWallet is perfectly fine. But software wallets or hardware wallets are always better options if you want more security.
Mist
Next we have Mist, that is the Official Ethereum Wallet. Since Mist is the official ethereum wallet, of course you can trust this software. The only downside of using this wallet is that it takes a while to get started, because you need to download the full Ethereum Blockchain before using this wallet. So if you don't have enough time to wait, you better use a different wallet.Exodus
Next we have Exodus, that in our opinion is the best Ethereum Software Wallet. This wallet can be used not only for Ethereum but actually it supports many other cryptocurrency, for example you can store Bitcoin, Dash, Dogecoin, Litecoin, Golem and many other coins. Some other coins like Ripple, Zcash and Digibyte are currently in beta.Another very interesting feature of Exodus is that you have a pie chart that will show your entire portfolio of coins, so you can keep track of your investments. It's very useful so you can know exactly the amount of money you have invested in all cryptocurrency.
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| Exodus Pie Chart is amazing and very useful to keep track of your investments. |
And another great point of Exodus is that you have extra functions like e-mail recovery and Backup Seed Keys for restoring your wallet. So you have more security and also you have options to restore your wallet in case something goes wrong
Hardware Wallets
And last but not least, we have the Hardware Wallets. It's definitely the most secure way to store Ethereum, because you will store your coins offline. The best hardware wallets are Ledger Nano S and Trezor. Both them are great and when you use a hardware wallet, your private key never goes online. |
| Ledger Nano S is the most secure way to store your Ethereum and it looks like a regular flash drive. |
And this is why a Hardware Wallet is much better than using a web wallet or software, because your coins will be offline, so you can't get hacked. And you don't have to trust a company to keep your Coins, you can be your own "bank".
Just so you know, this kind of wallet is so secure that you can use a Hardware Wallet like Ledger Nano S even if your computer gets compromised, because even the computer never get access to your private key. So if your computer has virus or some hacker get access to your computer, no one can get access to your balance, other than you.
You can learn more about Ledger Nano S by clicking here.
Final Ranking of Ethereum Wallets:
- Ledger Nano S (Hardware Wallet)
- Trezor (Hardware Wallet)
- Exodus (Software Wallet)
- Mist (Software Wallet)
- MyEtherWallet (Web Wallet)
So if you are looking for the best way to store your cryptocurrency, I highly recommend using Ledger Nano S or Trezor. I hope this article was useful for you, don't forget to bookmark our website so you don't miss our next posts.
What is The Best Ethereum Wallet?
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