As per stats, there is around 97.39 million Ether in circulation with a total market cap of $68.32 billion. Ethereum ranks #2 in cryptocurrency market cap. The stats have reassured the building authority around Ethereum and have created a competitive edge for Ether in the crypto space market.
Created by Vitalik Buterin, a profound personality in crypto space in the year 2013, has developed open-source software that works on a decentralized network, based on the blockchain platform and smart contract functionality.
Since it covers the underlying principles of blockchain and cryptocurrencies, which ensures wallet and token security from vulnerable threats and hacks. Keeping security value and aspect in mind, businesses have been opting out to invest in Ethereum Wallet since ETH is the second-largest cryptocurrency in the world after Bitcoin.
With limited knowledge capacities and capabilities, How will you choose which Ethereum wallet to go for?
There have been many options available in the crypto wallet space to choose the Best Ethereum Wallet as per your business requirement in 2021. A great way to invest in Ethereum through wallet apps. Contact or hire blockchain developers to learn more on Ethereum wallets and how to build them.
But in this blog, I bring out the best wallets for Ethereum to choose in 2021, compatible with Android, Ios, online, hardware, mobile, desktop, and paper:
What are we waiting for?
- Trezor (Hardware Wallet):
A popular way to invest in Ethereum, especially Ether is through a digital wallet. A popular Ethereum Digital Wallet is Trezor. It was among the first hardware wallet built for storing Bitcoins. However, now Trezor could be used to store Ethereum using MyEtherWallet web interface. It also supports other ERC20 tokens such as Ethereum Classic (ETC), Litecoin (LTC), Dash (DASH), Zcash (ZEC), Bitcoin Cash (BCH) and many more.
Being preferred as one of the best and secured Ethereum wallet (hardware). The biggest advantage with Trezor is that it stores Ether offline on a secure electronic chip which can be activated only when you log in with your password. Light and Portable that comes in 3 colors – white, gray, and black and cost at about $99.
- Exodus ( Desktop Wallet):
Exodus is the world’s first multi-cryptocurrency desktop wallet. An attractive and intuitive UI interface that gives you the freedom to choose and use from a portfolio of coins as it can support up to 100 cryptocurrencies. The major advantage of choosing Exodus is not just multiple cryptocurrencies support but it is also compatible with multiple exchange partners that offer multiple exchangeable assets.
Features like one-click email recovery and backup seed keys for restoring your wallet ensure the security of your funds apart from these exhibiting features, you can also send and receive funds from smart contracts.
So, what are you waiting for? Invest in Ethereum, especially Ether tokens through Exodus! Hire Ethereum developers from us and build customized wallets today!
- Jaxx ( Mobile Wallet):
Developed in 2014, Jaxx is a multi-asset wallet created by a Canada based company Decentral. Being a multi-chain wallet, it supports up to thirteen cryptocurrencies namely Ethereum, Bitcoin, Dash, Ethereum Classic, DAO, Litecoin, Bitcoin Cash, REP and many more.
It has an elegant design with robust security features. It has been touted as one of the best wallets for Ethereum. It is available for Android, iOS, Mac OS, Windows, Linux. They are also launching a hardware wallet in upcoming months which makes it compatible for both mobile and desktop users
- Ledger Nano S (Hardware Wallet):
Another one which falls under the category of the best Ethereum wallet is Ledger Nano S which is one of the most inexpensive Ethereum wallet available at $65. It has a built-in OLED screen where you can check your transactions with a double tap button. As the Ether is stored offline, security is what makes this wallet a top notch in the wallet list, including two-factor authentication, a secured PIN Code and recovery seed accessibility.
- Mist ( Desktop Wallet):
Mist is the official Ethereum Wallet designed to offer secure storage for Ether and other ERC tokens available on Ethereum platforms. Curated by the same team who developed Ethereum, promises to deliver the most secured Ethereum wallet. The sign-up process is relatively fast and simple. After synchronization is done with a strong and authentic password, you can easily sign in into your account and access the wallet features. A built-in ShapeShift allows you to exchange other currencies.
- MyEtherWallet (Web Wallet):
MyEtherWallet is one of the best Ethereum Web Wallets with a difference as it allows you to store your Ethereum private key on your system rather than on third-party servers or API’s offering an improved level of security. An open-source wallet where you can write and access smart contracts. It allows integration to hardware wallets like Trezor and Ledger Nano S. it provides a built-in ETH to BTC swap facility and support Ethereum Classic and other ERC20 tokens on the platform, hence tagged as one of the best ERC20 wallets.
- MetaMask ( Desktop Wallet):
MetaMask is one of the most preferred Ethereum wallets as it allows you to store Ether while accessing decentralized apps also known as DApps. An intuitive design that allows switching between a test network and the main Ethereum network.
Here’s a video that encompasses How MetaMask works?
It has been created with the purpose of making Ethereum as accessible as possible and can be installed on Chrome, Firefox, Opera and Brave browsers.
- Coinnomi ( Mobile & Desktop Enabled Wallet):
A multi-asset wallet for both mobile and desktop providing support for native support and true ownership for more than 125 blockchains (the biggest number in the industry for non-custodial wallets) and thousands of tokens. Also called an HD wallet, which provides you easy backups so that you can retain the ownership of your private keys. A prominent feature of ShapeShift integration provides a faster exchange for your crypto holdings.
- KeepKey ( Hardware Wallet):
KeepKey is considered as the most expensive Ethereum wallet available at a price of $75. It keeps your ETH is a more secure environment by storing your tokens offline. Launched in 2015, with a prominent HD feature that allows you to generate multiple private keys. It also has an OLED screen display, which will help you in keeping the count of transactions made through the wallet.
- Bread Wallet ( Android & Ios Compatible):
Bread Wallet is the only cryptocurrency wallet compatible for both Android and Ios devices. It supports major coins like Bitcoin, Ethereum, and Bitcoin Cash and Ethereum ERC20 tokens. It connects directly to the cryptocurrency networks where the wallets are stored. The keys to accessing the wallet are stored securely on the phone. The BRD app provides a unique Paper Key, which has a list of 12-words which can be used to recreate the keys to your wallet. If the phone is lost or upgraded, this Paper Key helps to recover the wallets and funds.
If you are planning to invest in cryptocurrencies and especially Ether which is the third most popular cryptocurrency in the world. You are on the right move to invest in Ethereum!
As cryptocurrencies are on the verge of rising and there have been people and businesses who want to invest in Ethereum and are finding ways to make an investment in Ethereum for 2021!
This blog encapsulates the ways for investing in Ethereum through best and affordable Ethereum wallet for 2021. Still, there is a long way to go for Ethereum wallet to be adopted at an optimal level as there are new cryptocurrencies coming and several Ethereum wallets to be designed and developed.
Let’s keep our curiosity level booming with the new updates in the Ethereum space.
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