Ethereum Wallet: 5 Good Solutions
One of the most popular cryptocurrencies besides Bitcoin is Ethereum. Anyone looking for Bitcoin will definitely think about buying Ethereum. But how can Ethereum best be preserved? What is the best solution when you need an ethereum wallet? I will introduce you to five Ethereum Wallets in this post. The article is structured as follows:
- Ethereum Wallet by Ethereum.org
- Ethereum Wallet by Exodus
- Mobile Ethereum Wallet Jaxx
- Ethereum Wallet by Digital Bitbox
- Ethereum Wallet by Ledger
1. Ethereum Wallet by Ethereum.org
The first wallet I’d like to introduce to you is the ethetum.org wallet, which is Ethereum’s core organization. The wallet gives you access to the Ethereum Blockchain. This means that you not only have the ability to save Ethereum on the wallet, but also other crypto-assets based on Ethereum blockchain technology. In addition, the Ethereum Wallet also supports smart
contracts. You can use the wallet with Windows as well as OSX and Linux. It’s available for free and you can download it in different versions at github.com download.
The installation process is self-explanatory. Once you have set a password, the wallet is installed. But before you can start using the Ethereum Wallet, it needs to be synced first. Unfortunately, this can take a while because more than 4.5 million blocks must be synchronized.
Conclusion: The Wallet is free, secure and offers all the necessary features. Nonetheless, it is more for advanced users because it requires a degree of technical understanding. In addition, you have to synchronize the wallet – as already mentioned – once, which requires time and space.
2. Ethereum Wallet by Exodus
If you prefer a little easier and do not want to download all the blocks every time you use the wall, Exodus is a great
alternative. The free Ethereum Wallet by Exodus is also a desktop application. It runs on both Windows and OSX and Linux. The installation is simple and the user interface is very user friendly. At the moment, Exodus supports not only Ethereum, but also Bitcoin. Litecoin, Dash, and a whole bunch of other cryptocurrencies (here is a full list) are supported as well.
A nice feature of this wallet is the integration of shapeshift. This is a provider that makes it possible to quickly and easily exchange individual crypto currencies (a exchange in US dollars or euros is currently not supported). This is also the reason why Exodus can offer such a high-quality Ethereum Wallet for free. Shapeshift charges a fee for each change. This is fair and not excessive.
Conclusion: For beginners a very good alternative to the wallets listed above. The handling is easy, the design is great and customizable. You can even use this Ethereum Wallet to exchange cryptocurrencies directly in the wallet. A shortcoming is that you can move the wallet from one computer to another. Unfortunaetly it is currently not possible to use it on two different computers.
3. Mobile Ethereum Wallet Jaxx
If you prefer a mobile Ethereum Wallet instead of a desktop wallet, Jaxx is a good solution for you. Like Exodus, Jaxx supports the largest cryptocurrencies in terms of market capitalization, as well as some of the smaller currencies. Jaxx runs on Apple, Windows and Linux, as well as on Android, iOS mobile and tablets. For the browsers Chrome and Firefox there are extensions that you can use.
When setting up the app, you can choose which blockchain currencies you want to keep in your wallet. You can also choose which Fiat currency you want – as a “counter currency”, so to speak. Then you get a 12 word backup phrase (which you should write down or take a screenshot of it!). In the next step, you can set a PIN then you have already finished setting up the Ethereum Wallet. The interface comes along tidily and is self-explanatory for a smartphone user. Jaxx has another thing in common with Exodus: You can also exchange different currencies in this wallet. Again, the cooperation partner is Shapeshift.
Conclusion: As a mobile Ethereum Wallet, Jaxx is a good choice. The app is free and has a good design. It is easy to use and last but not least it’s free. For people who value a high degree of privacy, Jaxx is definitely recommended. You do not have to specify an e-mail address or perform a smartphone verification. The negative is that the app has a relatively large number of bad reviews. If you read through the user comments, but you quickly realize that this has to do with the current network issues of Bitcoin. At the moment (as of mid-November 2017) there are more than 100,000 unconfirmed Bitcoin transactions. This makes some users justifiably angry. Nevertheless, this is not due to the app, but to Bitcoin. It doesn’t affect Ethereum.
4. Ethereum Wallet by Digital Bitbox
The above-mentioned wallets are more or less user-friendly in use and also provide a certain level of security. However, if you have more than just a few ethers you will soon ask yourself if “more security” is not possible. In this case, the Ethereum Wallet by Digital Bitbox is an alternative that you should take a closer look at. Digital Bitbox is a so-called hardware wallet. This means that you don’t us it online, nor installed on the computer and not on the smartphone. Currently it supports Bitcoin, Ethereum, Ethereum Classic and ERC20 tokens. You can use it with the operating systems OSX, Linux and Windows and it is open source.
It essentially has the appearance of a USB stick, but it can be much more than a stick: As you can see in the picture, it has a touch button for user confirmation. Further more it has a micro SD slot and a tamper-proof microcontroller. The communication with the computer is encrypted and one can set up a two-factor authentication. This increases the security immensely. Because even if someone should steal the wallet or if you lose it, you would still need the owner’s smartphone to access the Ethereum Wallet.
The price of the wallet is 54 dollars in the lower to medium segment, whereby the delivery is free for customers in Switzerland. Outside of Switzerland, you pay 25 dollars for a “FedEx Priority Express” delivery, which may incur additional import costs or taxes depending on the country.
Conclusion: Digital Bitbox’s Ethereum and Bitcoin Wallet offer a full set of security features for its price. For users who care about the security of their crypto assets, this hardware wallet is certainly not uninteresting.
5. Ethereum Wallet by Ledger
Last but not least, I’d like to introduce you to Ledger. Ledger currently offers the so-called Ledger Nano S. The Nano S is also a USB flash drive in its appearance, but has a number of additional features: First, it has a small, built-in screen. This allows the use of this Ethereum Wallet, even if the computer is infected. It also has two physical buttons. If you want to make a transaction, you have to press the two buttons at the same time. This results in the fact, that it is impossible for hackers to withdraw money from the wallet online. A hacker would need to have the wallet physically.
The Ledger Nano S supports Ethereum Bitcoin and Altcoins and is compatible with Windows, Linux, Mac and Chrome OS. You can set a 4-digit PIN for the Ethereum Wallet. You also have the option of a backup. This allows you to restore your wallet to any other Ledger device. The Ledger Nano S costs 69.90 dollars. The delivery costs range between 15 and 37 dollars depending on the option chosen.
Conclusion:For security-conscious users, the Ethereum Wallet Ledger Nano S is a great alternative to Digital Bitbox. The built-in display is a nice feature and Altcoins’ support makes the device very interesting for owners of multiple cryptocurrencies.