If you’re looking to store your Ethereum in a safe and secure wallet, you’ve come to the right place. In this article, we will discuss the top 13 wallets for Ethereum, how they work, and the pros and cons of each. So whether you’re just getting started in the world of cryptocurrency or simply looking for a new wallet to store your Ethereum, read on!

The Top 13 Ethereum Wallets

1. MetaMask: Best for Ethereum holders and great for interacting with Web3 spaces
2. Coinbase: Best for traders who want to easily convert one cryptocurrency to another
3. Jaxx: Best for users actively using their wallet for in-person transactions
4. MyEtherWallet: Great for Ethereum holders and NFT collectors
5. Exodus: Best for people who want to invest in many different currencies
6. Ledger Nano S: A hardware wallet. Best for people who want the greatest level of security
7. Atomic Wallet: Best for people who want to stake their crypto and earn interest
8. Coinomi: Best for people who want a fully mobile and user-friendly platform
9. CryptoWallet: Best for people who want banking services integrated with their wallet. Offers a debit card
10. Trezor: A hardware wallet. Best for people concerned about security
11. Argent: Great for people who want additional security like two-factor authentication (2FA) and spend limits
12. Gnosis Safe: Great for businesses or groups
13. ZenGo: Great for beginners

	Type	Supported Blockchains	Swap Fees
MetaMask	Software	Ethereum, Avalanche, BNB Smart Chain, and Polygon	0.875%
Coinbase Wallet	Software	Ethereum, Polygon, Avalanche, BNB Chain, and Stellar	1%
Jaxx Liberty	Software	Bitcoin and Ethereum	0.25%
MyEtherWallet	Software	Ethereum	Gas fee (varies)
Exodus	Software	Bitcoin, Ethereum, Solana, Polygon, Binance Smart Chain, Avalanche, Algorand, and Tron	Up to 40%
Ledger Nano S	Hardware	Bitcoin, Ethereum, Solana, Tron, Neo, Polygon, and Binance Smart Chain	0.25%
Atomic Wallet	Software	Bitcoin, Ripple, Tron, Ethereum, Stellar, Solana, Binance Smart Chain, Cardano, and many others	0.5%
Coinomi	Software	Bitcoin, Ethereum, Algorand, Avalanche, Binance Smart Chain, and 100+ others	None
CryptoWallet	Software	Bitcoin, Ethereum, and Ripple	1.5%
Trezor Model One	Hardware	Bitcoin, Ethereum, Binance Smart Chain, Ripple, Solana, Polygon, Cardano, and dozens of others	0.25%
Argent	Software	Ethereum	0.5%
Gnosis Safe	Software	Ethereum	Gas fee (varies)
ZenGo	Software	Bitcoin, Ethereum, and Tezos	0.5%

What Is an Ethereum Wallet?

An Ethereum wallet can be either a software or hardware wallet. It stores your private and public keys and interacts with the blockchain to enable you to send and receive ETH or compatible tokens.

There are many different types of wallets, each with its own set of features and security. For example, a hardware wallet like Ledger is considered one of the most secure options because it stores your keys offline on a physical device, typically one that plugs into your computer like a USB stick.

On the other hand, a software wallet like MetaMask is considered less secure because it stores your keys on your computer, which is susceptible to hacking. However, that shouldn’t scare you away as long as you take proper precautions.

What Is the Best Wallet for Ethereum?

People often use multiple wallets for different purposes, whether primarily storing assets or interacting within the Web3 space. The best wallet for Ethereum is the one that meets your needs and preferences.

If you’re looking for a simple and user-friendly wallet, ZenGo, Argent, and Jaxx are great options for beginners. If Web3 compatibility is a priority, platforms like MetaMask and Coinbase are the most popular. However, if you are looking for something more advanced and secure, hardware wallets like Ledger or Trezor are your best option.

Types of Ethereum Wallets

There are many different types of Ethereum wallets, each with its own set of features, as described below.

• A mobile wallet can be used on a mobile device such as a phone or tablet. It allows users to store and use cryptocurrencies on the go. 
• Desktop wallets are software wallets that are installed on a computer. They allow users to store and use cryptocurrencies on their computers. 
• Browser extensions can be installed in web browsers. They allow users to store and use cryptocurrencies on their browsers. 
• Web wallets can be accessed online. They allow users to store and use cryptocurrencies online. 
• Paper wallets are paper documents that contain private keys to cryptocurrency wallets. They allow users to store and use cryptocurrencies offline. 

Hardware wallets or cold wallets are physical devices that store the private keys to unlock cryptocurrency wallets. They allow users to store and use cryptocurrencies offline.

Is a Hardware Wallet Better Than Software?

Software wallets are wallets that live on your computer or mobile device. They are usually in the form of an app and allow you to store, send, and receive cryptocurrencies. Hardware wallets are physical devices that store your cryptocurrencies offline. This makes them a more secure option vs. software wallets as they are less likely to be hacked.

List of Ethereum Wallets

1.  MetaMask

MetaMask is a digital wallet that enables users to store and manage their cryptocurrency assets. It allows for quick and easy transactions between users and also provides a secure way to store digital assets. MetaMask is also one of the most popular digital wallets available and has been downloaded by millions of users.

Key Features

• Send and receive cryptocurrency
• Exchange cryptocurrency
• Buy and store NFTs 

Wallet type:

Software

Purchase cost:

Free

Supported platforms:

iOS, Android, Firefox, Brave, and Chrome

Supported coins:

All ERC-20 tokens and NFTs (does not support Bitcoin) 

Supported blockchains:

Ethereum, Avalanche, BNB Smart Chain, and Polygon

Privacy:

No sensitive information required

Smart contracts support:

Yes

Ease of use:

Easy

Pros

• Easy download and setup across devices
• No signup process involving personally identifiable information
• Create multiple wallets within one app

Cons

• No password reset option
• Limited technical support
• Doesn’t support Bitcoin

2.  Coinbase

Coinbase Wallet is a digital asset wallet service that allows users to store cryptocurrencies like Bitcoin and Ethereum. The wallet also allows users to buy, sell, and trade cryptocurrencies, as well as send and receive payments.

Key Features

• Supports 44,000+ crypto assets across multiple blockchains
• Non-custodial in nature, putting users in the driver’s seat over their coins, keys, and personal information 
• Enables users to access Web3 via mobile and a browser extension
• Allows users to earn interest on their digital asset investments

Wallet type:

Software

Purchase cost:

Free

Supported platforms:

iOS, Android, Chrome

Supported coins:

+44,000+, including Bitcoin and Ethereum

Supported blockchains:

Ethereum, Polygon, Avalanche, BNB Chain, and Stellar

Privacy:

No personal information required

Smart contracts support:

Yes

Ease of use:

Easy

Pros

• Perfect for those just starting out
• Allows you to store a variety of cryptocurrencies and tokens
• Provides access to decentralized applications across multiple blockchains

Cons

• History of bad customer support
• Code is not open-source

3.   Jaxx Liberty

Jaxx is a digital wallet that allows users to store, send, and receive cryptocurrencies. It supports a wide variety of cryptocurrencies, including bitcoin, Ethereum, Litecoin, and Dash. Jaxx also allows users to exchange cryptocurrencies with one another.

Key Features

• Includes a protocol that creates a new address every time users receive cryptocurrency, adding to their privacy
• Supports over 90 currencies

Wallet type:

Software

Purchase cost:

Free

Supported platforms:

iOS, Android, and Chrome

Supported coins:

Over 90 currencies, including Bitcoin and Ethereum.

Supported blockchains:

Bitcoin and Ethereum

Privacy:

No personal information required

Smart contracts support:

Yes

Ease of use:

Easy

Pros

• Easy download and setup across devices
• No signup process involving personally identifiable information
• Create multiple wallets within one app

Cons

• Limited support for NFTs
• App load times

4.  MyEtherWallet

MyEtherWallet (MEW) is a popular Ethereum wallet that allows users to store Ether, ERC-20 tokens, and NFTs. Users can interact with smart contracts and decentralized applications (DApps), giving them access to the entire Ethereum ecosystem.

Key features:

• Multi-platform wallet
• Manage NFTs
• User-friendly for beginners
• Open-source

Wallet type:

Software

Purchase cost:

Free

Supported platforms:

iOS, Android, Firefox, Brave, and Chrome

Supported coins:

ETH, ERC-20 tokens, and NFTs

Supported blockchains:

Ethereum

Privacy:

No personal information required

Smart contracts support:

Yes

Ease of use:

Easy

Pros

• Users can interact with smart contracts and DApps
• Users can manage their NFTs
• Supports ETH-compatible networks

Cons

• Only supports digital assets on Ethereum-compatible blockchains

5.  Exodus

If you’re just starting to dip your toe in the crypto world, Exodus is a great option for you. It’s easy to use and enables access to over 150 assets. While it has a lot of features that make it viable for anyone, beginner crypto investors will find this particular wallet particularly well suited for their needs.

Key features:

• Send and receive cryptocurrency
• Exchange cryptocurrency
• Buy and store NFTs 

Wallet type:

Software

Purchase cost:

Free

Supported platforms:

iOS, Android, Firefox, Brave, and Chrome

Supported coins:

ETH, ERC-20 tokens, and NFTs

Supported blockchains:

Bitcoin, Ethereum, Solana, Polygon, Binance Smart Chain, Avalanche, Algorand, and Tron.

Privacy:

No personal information required

Smart contracts support:

Yes

Ease of use:

Easy

Pros

• Simple, user-friendly interface
• Works with over 150 currencies
• Great for beginners

Cons

• Does not provide two-factor authentication (2FA)

6.  Ledger Nano S

The Ledger Nano S is one of the safest options to store your cryptocurrency, due to the company’s unshakable security protocols. Beginner or infrequent investors will be able to rest easy knowing their assets are stored offline and out of reach from hackers while still being able to view their accounts or access their crypto using the physical device.

Key features:

• Manufactured by Ledger, a cryptocurrency security company
• Proprietary operating system keeps crypto safe
• Setup and installation are simple

Wallet Type:

Hardware

Purchase cost:

$59

Supported platforms:

MacOS, Windows

Supported coins:

Bitcoin, Ethereum, XRP, and more

Supported blockchains:

Bitcoin, Ethereum, Solana, Tron, Neo, Polygon, and Binance Smart Chain

Privacy:

No personal information required

Smart contracts support:

Yes

Ease of use:

Advanced

Pros

• Cheap for a hardware wallet
• Supports over 1,100 coins and tokens
• Private keys are not stored online

Cons

• Small display
• Not mobile friendly
• Only holds up to six different currencies at a time

7.  Atomic Wallet

Atomic Wallet is a secure platform that supports over 500 cryptocurrencies. With its enhanced speed, privacy, and anonymity features, the wallet is ideal for both novice and experienced cryptocurrency investors.

Key features:

• Supports over 500 currencies
• 24/7 live customer support
• Easy to use

Wallet type:

Software

Purchase cost:

Free

Supported platforms:

iOS, Android, Firefox, Brave, and Chrome

Supported coins:

Bitcoin, Ethereum, plus 500 other coins

Supported blockchains:

Bitcoin, Ripple, Tron, Ethereum, Stellar, Solana, Binance Smart Chain, Cardano, and many others

Privacy:

No personal information required

Smart contracts support:

Yes

Ease of use:

Easy

Pros

• Simple user interface
• Live support
• Supports all major currencies

Cons

• Not hardware-compatible
• Limited currency purchase options

8.  Coinomi

Coinomi Wallet is a user-friendly global application that offers 168 fiat currency representations in 25 languages and supports a broad range of crypto assets across 125 blockchains. It is the perfect wallet for both new and experienced investors because of its simple interface and robust security measures.

Key features:

• 24/7 live chat support
• Supports over 125 blockchains
• Buy, sell, swap, and exchange

Wallet type:

Software

Purchase cost:

Free

Supported platforms:

iOS, Android, Firefox, Brave, and Chrome

Supported coins:

Bitcoin, Ethereum, and 1,770+ other currencies

Supported blockchains:

Bitcoin, Ethereum, Algorand, Avalanche, Binance Smart Chain, and 100+ others

Privacy:

No personal information required

Smart contracts support:

Yes

Ease of use:

Easy

Pros

• Multilingual with over 25 languages
• Built-in exchange
• Supports all major currencies

Cons

• Does not support 2FA
• Closed-source platform

9.  CryptoWallet

CryptoWallet offers banking services. Users can access a debit card to spend crypto on goods in-store or online.

Key features:

• Includes debit card services
• Earn money through referrals
• Protected by BitGo, an asset security company

Wallet type:

Software

Purchase cost:

Free

Supported platforms:

iOS, Android

Supported coins:

Bitcoin, Ethereum, Litecoin, Ripple, and USDT

Supported blockchains:

Bitcoin, Ethereum, and Ripple

Privacy:

Personal information required for debit card

Smart contracts support:

No

Ease of use:

Easy

Pros

• Advanced security
• 24/7 live chat support
• Multi-language support

Cons

• Users don’t control their wallet keys
• No NFT support

10.  Trezor Model One

The Trezor Model One is perfect for blue-chip crypto investors who want a simple, clean interface. However, it may not be the right fit for those with more diverse digital asset portfolios.

Key features:

• Lightweight, portable design
• Advanced security
• User-friendly dashboard

Wallet type:

Hardware

Purchase cost:

$72

Supported platforms:

MacOS, Windows

Supported coins:

Bitcoin, Ethereum, and over 1,000 other coins

Supported blockchains:

Bitcoin, Ethereum, Binance Smart Chain, Ripple, Solana, Polygon, Cardano, and dozens of others. 

Privacy:

No personal information required

Smart contracts support:

Yes

Ease of use:

Advance

Pros

• Accepts over 1,000 coins
• Top of the line security
• Easy to set up

Cons

• No mobile app
• No Bluetooth
• Cheap build quality

11.  Argent

Argent is an advanced non-custodial wallet that does not store your private keys. You can use your email address and mobile phone number as your login credentials, which can also be used to restore it. 

Key features:

• Set daily transfer limits
• Supports Ethereum tokens
• Earn interest on assets

Wallet type:

Software

Purchase cost:

Free

Supported platforms:

iOS, Android

Supported coins:

All Ethereum tokens

Supported blockchains:

Ethereum

Privacy:

No personal information required

Smart contracts support:

Yes

Ease of use:

Easy

Pros

• You can purchase currency using the app
• Great for users focused on Ethereum only

Cons

• Minimal customer support
• Only supports Ethereum tokens
• High purchase fees

12.  Gnosis Safe

Gnosis Safe is a smart contract wallet for Ethereum that requires a specified number of people to consent to a transaction before it can go through. This is ideal if you have multiple major stakeholders in your organization; you may set up the wallet so that it requires approval from all three individuals before a transaction is sent. 

Key features:

• Multi-user wallets with separate credentials
• Built on Ethereum blockchain
• Available on most devices

Wallet type:

Software

Purchase cost:

0.005 ETH deployment fee

Supported platforms:

iOS, Android, and Chrome

Supported coins:

All ERC-20 tokens and NFTs

Supported blockchains:

Ethereum

Privacy:

No personal information required

Smart contracts support:

Yes

Ease of use:

Easy

Pros

• Has 2FA
• Open-source platform
• Password-secured using unique user accounts

Cons

• Only supports Ethereum
• Charges a deployment fee

13.  ZenGo

ZenGo is the wallet for you if you’re searching for an easy way to keep track of the value and performance of your cryptocurrency holdings. Its simple interface gives access to several blockchains, making it a versatile toolkit for all of your requirements. 

Key features:

• Easy to set up
• Unlock wallet with biometrics (face scan)
• Earn interest on holdings

Wallet type:

Software

Free

Purchase cost:

Supported platforms:

iOS, Android, Firefox, Brave, and Chrome

Supported coins:

Supports all ERC-20 tokens, NFTs, and multiple blockchains. Does not support Bitcoin.

Supported blockchains:

Bitcoin, Ethereum, Tezos

Privacy:

No sensitive information required

Smart contracts support:

Yes

Ease of use:

Easy

Pros

• 24/7 support
• Don’t have to remember seed phrase
• Backed by Samsung

Cons

• Wallet data is stored on ZenGo servers
• Only on mobile

Try a Few and Pick the One You Like Best

So, there you have it! Thirteen of the best Ethereum wallets currently available. 

We covered all the different wallet types. Now it’s up to you to decide. Do some research, try out a few different options, and find the Ethereum wallet that works best for you. With so many great choices available, there is sure to be one that fits your needs perfectly. 

Have fun choosing!

How Does an Ethereum Wallet Work?

An Ethereum wallet is a digital asset that stores the user’s private and public keys. These keys are used to sign transactions, which are then broadcast to the Ethereum network. The wallet also contains a history of all of the user’s transactions.

There are two main types of wallets: custodial and non-custodial wallets. Custodial wallets are wallets that do not provide direct access or control to the private keys. Instead, a centralized company is responsible for keeping them safe. The wallets from Centralized exchanges like Coinbase and Binance are some examples of custodial wallets. With that, the main advantage of a custodial wallet is the peace of mind that comes with the ability to recover the account in the instance that access is lost.

The downside to custodial wallets is that all funds are under the control of the underlying company, which incurs centralization risks and may require identity verification. Non-custodial wallets grant the user full control over their funds by providing them with the wallet’s private key. They tend to provide higher security (if the private key is stored properly) and they typically don’t require identity verification. Most importantly, a non-custodial wallet gives the user censorship-resistant money.

How Does an Ethereum Transaction Work?

The Ethereum blockchain is a shared history of every transaction ever to occur on the network. All balances are public but anonymous (displaying your identity is strictly opt-in) and all transactions are relayed by every node. Nodes play an important role in ensuring that transactions are valid, and transactions which aren’t valid are simply rejected from the network.

Ethereum wallets remove the complexities of forming and broadcasting valid transactions described above. Instead, they simply ask the user which address they wish to send their funds to, similar to how one may send a payment via an online bank transfer. When a transaction is sent, the information about that transaction is propagated across the network and then validated by the many thousands of Ethereum nodes in the network. Miners then include valid transactions in the next block — mining one block roughly every 15 seconds. 

The important thing to note when it comes to wallets is that a transaction needs to be included in a block before it can be considered to have been sent. Most merchants will also require that an additional 20 blocks or more are mined on top of the block that the transaction was included in as a means to ensure its finality. For reasons too detailed to merit mention here, a transaction which is included in one block may actually be double spent if the block is later discarded.

How to Fund Your ETH Wallet

Purchasing Ethereum may look different depending on the wallet you choose. However, most follow a similar process. Take the following steps:

1. Open the wallet app and select “Buy Currency”.
2. Choose from a list of options to facilitate the transaction (MoonPay or Wyre, for example).
3. You will be asked to provide personal information in order to purchase currency.
4. Once complete, funds should appear from within a few minutes to a couple of hours.

Safety Tips for Your ETH Wallet

There are a lot of scams to look out for in Web3, but you can easily protect yourself by being aware and following these best practices:

• Use strong, generated passwords.
• Keep a copy of your seed phrase somewhere safe.
• Use a hardware wallet for long-term storage.
• Use the latest version of your software wallet.
• Use software like Pocket Universe to check the safety of interacting with contracts.

Storing Your Private Keys

When using a non-custodial Ethereum wallet, securely storing private keys is vital to the security of the underlying holdings. It is highly recommended to not store the private key on an internet-connected computer or mobile phone. If either of those devices is compromised, a hacker will have an easy way of getting ahold of the wallet’s crypto assets.

Therefore, it is generally recommended to write down the private key (often provided as a “seed phrase”) on paper, have at least two backups, and store it in a secure place(s).

It is also important to periodically check up on the private keys to ensure that the paper is not degrading and that no damage has occurred due to weather, fire, or natural disaster. Some individuals may also choose to store their seed phrase on an offline device in a safety deposit box.

Multi-Signature Transactions

Transactions are processed when the owner of a wallet provides his signature. For added security, some wallets utilize multi-signature transactions, better known as “multi-sig” transactions. At a high level, this simply means that multi-sig transactions require signatures from a set of agreed parties to be processed. Think of a secure lockbox with three key holes. Three different people each hold a key and in order to unlock the lockbox, all three must provide their individuals keys.

In this sense, mult-sig wallets make it so that withdrawals and fund transfers must be authorized by multiple parties, thus drastically reducing the likelihood of theft, due to the need to compromise all of the associated parties’ signatures. In the event that a private key is somehow confiscated through phishing, the attacker would be unable to move any funds as he would need signatures from other wallet holders who would very likely decline to sign the malicious transaction.

There are a number of multi-signature schemas, such as “2 of 3” or “3 of 5”. These schemas define how many signatures \are required from the total addressed to access the funds. In a “2 of 3” multi-signature wallet, two are required. It’s important to note that there is no limit on the schema, meaning you could choose something extreme like a 75 of 100 schema. The core idea here is that different schemas provide certain coordination benefits relative to the number of parties in any given organization.