The Best 5 Ethereum Wallets to Use in 2024

The Best 5 Ethereum Wallets to Use in 2024

Ethereum is the go-to platform for all things smart contracts and decentralized applications. Its native token, ETH or ether, is used to power the ecosystem, mainly in the area of fees for using the network.

There are many other use cases for it such as for staking to earn rewards. This makes the token a valuable one since the Ethereum ecosystem continues to grow daily. If you wish to participate in the Ethereum ecosystem or stake, you need to get some ETH.

Before doing this, you need to settle the question of which wallet you’re going to use for your ETH balance. In this guide, we highlight the best five crypto wallets you can use to hold your ETH stash. The following are the best options to choose from.

MyEtherWallet (MEW)

As the name suggests, this is a wallet specifically designed for Ethereum and all tokens that are supported by the network. It works both on mobile devices and on desktop, with high security as the priority.

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Apart from ETH, you can hold thousands of ERC-20 tokens on this wallet. The wallet also supports non-fungible tokens on the Ethereum network as well as interacts with decentralized applications when needed.

The wallet is compatible with all major operating systems including Windows, Linux, Mac, Android, and iOS. You can also use it to stake ETH either using a full validator node with 32 ETH minimum, or with lesser amounts of ETH using staking pools.

Exodus Wallet

Exodus wallet is a popular non-custodial web3 wallet. This means that you’ll be fully responsible for running your own wallet and managing your crypto assets. Some investors find this appealing as it assures them that their assets are secure.

You can also use the wallet to buy and hold NFTs from multiple blockchains. There are over 350 supported crypto assets that you can buy and trade on this platform which makes it a rich one for altcoin investors.

The mobile wallets also support staking of assets to earn some passive income. The wallet’s design makes it easy to use, making it suitable for all users with differing levels of crypto knowledge.

Trust Wallet

Trust wallet is a multi currency wallet that supports over a million crypto assets. This makes it the wallet with the highest number of crypto assets on this list. You can use it to stake assets as well as buy and trade NFTs.

The wallet supports assets from over 100 blockchains, and is widely used by altcoin investors because of the variety of assets. Trust wallet is primarily available as a mobile wallet for Android and iOS mobile devices, but it can also be used as a browser extension.

You can also use it to access your crypto portfolios from hardware wallets such as Ledger and Trezor. Of course, there are thousands of ERC-20 tokens supported in addition to ETH that you can use as well.

Ledger Nano X

Ledger Nano X is the best Ledger hardware wallet to use for holding ETH and other crypto assets. You can buy and hold over 5,000 crypto assets on the cold wallet which guarantees the highest level of security.

The wallet also supports NFTs and asset staking just like any web3 wallet that you can use to do this. Ledger Nano X is particularly appealing because it has a Bluetooth connection feature which allows users to connect it to a mobile device. This makes it more easily accessible than the other hardware wallets.

Coinbase Wallet

COinbase wallet is a non-custodial wallet that was created by Coinbase. It is however entirely managed by the owner of the wallet and not Coinbase. The wallet supports close to 300 crypto assets and is compatible with hardware wallets.

You can use it as an app on your Android or iOS mobile device, or as a browser extension on top browsers like Chrome, Brave, and others. This also supports NFTs and staking to earn rewards on ETH.

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Archie Lovell
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Archie Lovell

Archie Lovell, a premier voice in crypto journalism, skillfully demystifies the intricate world of digital currencies. With a keen analytical eye and compelling narratives, Archie's writings delve deep, offering clarity amidst the complexities of blockchain. His expertise and style make him a trusted guide in the crypto space.

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