The second position in the ranking of cryptocurrencies belongs to Ethereum. Not surprisingly, investors are actively flocking to Ethereum. It is quite natural that interest in cryptocurrency entails an increase in demand for crypto wallets for storing it.
It is possible that you already have a crypto wallet on one of the major exchanges. However, trusting large amounts to third parties is still unsafe – no exchange can guarantee 100% protection of client funds. After exchanging a large amount of USDT to ETH or other coins, for investment, it is better to take them out for external storage.
What to look for when choosing a cryptocurrency wallet
The most important characteristics of a crypto wallet are reliability and security. Pay attention to the following points:
- Private key management.
- Simple and clear interface.
- Active community of developers and users.
- Ability to backup and restore.
- Compatible with different OS.
Support for NFT will not be superfluous. The more matches of the selected software with the above list, the more securely your funds are protected. If the wallet does not match any item, it is better to choose another one. If you are interested in blockchain development – get more info here https://unicsoft.com/blockchain/
The best wallets for Ethereum
It is worth mentioning that there are no ideal solutions. The best wallet is the one that best suits your needs. You can interact with cryptocurrency converter LetsExchange and other services with any wallet from the list.
MetaMask is often mentioned in the lists of the best crypto wallets. Initially, it existed as a browser extension, and now it has a mobile version.
It has an intuitive interface and is very similar to a browser for accessing the Ethereum network. That is, you can store, receive and transfer your coins, ERC-20 and NFT standard tokens, as well as interact with smart contracts and decentralized applications.
For greater reliability, MetaMask can be integrated with Ledger Nano X. Ledger Nano hardware wallets support all EPC-20 standard tokens. These are miniature devices with a USB port.
The main advantage of hardware versions is maximum autonomy from the Internet. For this reason, they are recommended for storing large amounts of cryptocurrency.
Guarda is available in several versions: for mobile devices, desktop computers and web interface. The wallet has an intuitive interface, provides a high degree of protection for your funds. You are in complete control of your private keys and therefore all of your coins.
This is a mobile application that started to gain popularity in 2022. At the moment, it has one of the best interfaces among Ethereum wallets. The iOS version is already available on the web and the Android version should be released from the bottom of the day.
Rainbow can connect to any dApps, you can add view-only Ethereum addresses to it. Tokens can be hidden or shown as needed. It is very important that Rainbow provides the ability to create child accounts.
Exodus is the first desktop multi-currency crypto wallet. In earlier versions, support for 7 cryptocurrencies was provided, and now their number has been increased to 100. When installing Exodus, the user receives a backup copy of the keys to his email address.
In addition to storing, receiving and sending coins, Exodus has the ability to interact with smart contracts and the internal exchange of cryptocurrencies.
Argent is the simplest of all Ethereum wallets. It is configured using a mobile phone number and an email address. It is important that the user data specified in the settings provide the ability to restore access to funds. The wallet has a dApp browser. In addition, Argent is integrated with Compound.finance, that is, the user can lend their coins and receive interest.
The variety of crypto wallets should not scare you at all. You can have multiple vaults for different purposes or different coins.
I am Campurro, one of the founders of MonetaVerde Coin.