The Best Ethereum Wallets: Detailed List and Main Features (2023)

Here I have made a list of what I consider to be the best Ethereum wallets on the internet. As you can see below, the pros, cons and unique features have been listed for each type of wallet as well. Make sure to check out which OS they can support while making your choice. Also, you can click on their reviews in order to obtain more detailed information that will help you with your choice.

Complete List of Ethereum Wallets

If you have not made your choice from the list of the top wallets for Ethereum, fret not. I have thought ahead and listed all of the ETH wallets that are available along with their supported OS, special features and reviews.

As you can see the list is quite extensive and it could be a little bit scary to look at. One thing is for sure, though, in that long list there should be something that will be according to your taste. They all have their unique and shared features. Continue on reading as I talk more about those features.

02. Common Features of Ethereum Wallets

Let me start with one of the most used and important features related to security. This one has to be top notch while you are dealing with online actions. Most of ETH compatible wallets provide total key control to you, the user. Key management is entirely your responsibility. Furthermore, the third parties here are trusted and the wallets connect to them to verify every payment.

In this section I will cover features that are considered common among most of the wallets. I consider security features to be the most important when it comes to Ethereum wallets and fortunately most wallets that support ETH give complete control of the keys to the user. This makes security of your funds entirely your responsibility, which is either a good thing or a negative thing depending on the type of person you are.

Security and Privacy

The broad world of crypto is inhabited by numerous users and providers. This demands privacy and security on a high level within the network. Playing an essential role for Ethereum wallets security is the fact, that most representatives are providing the private key control to you, the user. The rest are bringing it to a third party. Furthermore, the well spread with BTC wallets Multisignature aspect here is not so often occurring as a feature. Nevertheless, there are ETH types offering some extra security through passphrases. Furthermore, centralized validations are used by all Ethereum wallets. Let me give you various examples, including the most common ones:

Secure Ethereum Wallets To Consider

• BitGo
• Trezor

Transaction Fee Management

The fee is the price you pay to the miners in the network to process your transaction. This makes higher fees equal to faster data transfer. Every ETH compatible wallet has different fee management. Some offer manual adjustments, other don’t. In the table below, you will find the main fee manipulations possible within the Ethereum network clients:

03.FAQ

• What is an Ethereum token?

  Tokens, similar to coins, represent some kind of value – in the crypto sphere usually this is a digital asset or a financial merit. In order the ETH wallet to give you an option of managing such type of code, their software should have it as a functional compatibility. This basically gives you access to a specific layer in the blockchain. The decentralized ETH platform is the perfect environment for such – smart contracts variations, build on top of the main blockchain.

• What is the token ERC-20 standard?

  ERC20 is a standard for tokens’ interface. It acts like a specific addition or a subset. This one is used only on the platform of ETH and requires a certain set of rules to be fulfilled in order to absolutely comply with its specifications.

• Are there different token standards?

  What makes Ethereum tokens different from each other is their functions. You can tell the difference by simply reading the standard abbreviations. The most popular one is ERC-20. There are also:

  See Also

  Top security risks in digital transformation – and how to overcome themUber Data Breach is Worst Case ScenarioCyber Security Audit5 Real-Life Data Breaches Caused by Insider Threats

  -ERC-223- compatible with the ERC-20s, just improving the sending procedure to each token supported wallet.

  -ERC-721- every token has a different value, even if it is exchanged in the same platform

  -ERC-777 and ERC-820 – make transactions smoother and allow operators to create customizable standards.

• How Much Ether You Need to Send Tokens?

  You can remedy that feeding 0.02 ETH to that account is needed, in order to make the token transaction. If you try to send tokens without having any Ether in your account, you will be told “no insufficient funds”. This means, you don’t have enough Ether in the account to cover the cost of Gas. Each transaction (including token and contract transactions) require such kind of transaction fee, which is paid in Ether.

  (Video) Ethereum Wallets Explained Simply (Smart Contracts, Gas, Transactions)

• Can I store my ETH tokens on all wallets?

  Basically, tokens are a main part of Ethereum’s network. That is why most wallets can store such assets and also give you the liberty to operate with them. There is one bump on the road though, compatibility. In case you receive or simply move digital wealth from one ETH wallet to another, which doesn’t support that type of tokens, they can be frozen for a while. Don’t worry, they are not lost, just undetected by the tool and you can’t use them. The thing you can do is install token compatible Ethereum wallet, type in your address, where the tokens are, and only then they will be manageable by you.

  Most wallets for Ethereum support the currency’s tokens. Several examples of the ones that don’t are Jaxx and Exodus. Whether the tokens are supported is explained in each of the Ethereum wallet reviews that you will find on our website.

• How can I send Ethereum coins?

  For sending ETH coins to another ETH wallet use the “Send” option in the main application menu. You need to know the destination address for this purpose. Bear in mind, that inside light wallets you can make only one direct transaction within the cryptocurrency blockchain that you use. For example, you are not able to do ETH to ETC straight away. Also, sending is always transaction fees related. They are miners’ reward and support the networks, that run the coins and tokens.