Ethereum is the second most popular cryptocurrency on the market. If you wish to invest in ETH, the first thing you’ll need is one of the best Ethereum wallet apps to keep your investment secure.
Many investors believe Ethereum should be included in people’s portfolios. It proved to be an amazing coin to buy in the last few years. Additionally, there are many reasons to use Ethereum. For example, it serves as a platform to launch new tokens and projects.
Recently, it evolved to give people access to multiple NFT marketplaces and decentralized finance platforms. Keep reading to learn more about how to get Ethereum and which wallet to use.
Why Should You Invest in Ethereum?
The first reason to invest in Ethereum is that it’s the second-largest cryptocurrency out there. This means it has the second-largest market cap in the industry. Additionally, it’s easily accessible for traders and has great long-term forecasts for growth.
Before you decide to invest, you should check out what wallets support Ethereum. This coin will also give you access to NFT marketplaces, DeFi tools, and more. Institutions are also investing in Ethereum, meaning it’s a coin you shouldn’t miss out on.
Finally, Ethereum will soon go through a huge change that will improve how the blockchain works and speed up transactions. Ethereum 2.0 will boost support for decentralized finance, scalability, and network security.
How to Start With an ETH Wallet?
Investing in Ethereum requires a wallet that supports ETH. Selecting the right wallet depends on your preferences. If you’re an active trader, you can keep some of your coins on the exchange. However, if you need secure offline storage, a hardware wallet might be the better option.
If you’re new to investing in Ethereum, you might want to check out MetaMask as it is the best ERC-20 wallet to start with. However, as an expert user, you’ll likely find that MyEtherWallet has many more features that you’ll love.
Start by exploring the wallet’s features and reliability, as those will probably determine which wallet you’ll select. Here’s a list of some of the best wallets we found to help you decide which one you’ll use to store and manage your Ethereum and other ERC tokens.
Ethereum Wallet Apps Recommended for 2022
About the Wallet
MyEtherWallet (MEW) will likely be the first wallet you’ll see mentioned regarding Ethereum. MEW is a free platform that helps you interact with everything the Ethereum blockchain has to offer.
MEW lets you send/receive Ethereum, ERC-20 tokens, and NFTs. As stated on its official page, it’s your gateway to the Ethereum blockchain. While it’s considered an official Ethereum wallet, MEW also supports other Ethereum-compatible networks, like Ethereum Classic (ETC), Binance Smart Chain (BSC), and Polygon, meaning you can manage assets outside of the Ethereum mainnet.
MEW has multiple features that go beyond a standard cryptocurrency wallet. For example:
- Full NFT collectibles and domain management
- Easy crypto purchase and swaps via the wallet
- Cross-chain swaps
- Competitive rates
- ERC-20 tokens swap to stablecoins
- Custom token integration
- Smart contracts
- MyEtherWallet works with Bity to allow you to cash out ETH for Euros or Swiss Francs
When it comes to decentralized apps (DApps), Ethereum is one of the best platforms to publish them on. Its DApps center lets you explore DeFi, register a domain name, submit your DApp, and more.
To start using MEW, you can create your wallet right on the platform. If you wish to take MEW with you on your smartphone, visit this page to download a mobile app. Additionally, you can use it as an Ethereum offline wallet, as explained in the MEW Help Center.
About the Wallet
MetaMask is a global community of developers and designers looking to make the world a better place with blockchain technology. MetaMaks has over 21 million users worldwide. Like other wallets, it lets you send, receive, and swap tokens on the blockchain.
According to various MetaMask wallet reviews, it acts as a secure vault, token wallet, and exchange. It also provides the simplest way to connect to blockchain apps. What’s more, it generates keys on your device, so only you have access to your data and the wallet.
This wallet is great for crypto newbies, traders, crypto gamers, and developers.
MetaMask’s main features include:
- Ethereum mainnet
- Binance Smart Chain
- Buy ETH with Wyre, Transak, or Direct Deposit
- Transfer between accounts
- Token swap
What’s more, if you trade NFTs or want to get involved, MetaMask is one of the best Ethereum wallet apps for the OpenSea platform, where you can start exploring how non-fungible tokens work.
MetaMask is available as a browser extension and as an iOS and Android app. The extension works with Brave, Chrome, Firefox, and Edge. To download the wallet, visit this page.
About the Wallet
The official MathWallet website doesn’t provide much information on what this wallet offers. However, upon further research, we found that it has over one million users globally. The wallet supports more than 86 blockchains and 2,000 DApps. It’s also among the best NFT wallet apps.
What’s more, if you wish to use a hardware wallet, MathWallet can connect to Ledger and WOOKONG BIO. Ledger supports MathWallet via a Google Chrome extension, and WOOKONG works with the MathWallet app.
MathWallet offers multiple features that will improve how you interact with the blockchain. For example:
- Math DApp store gives you access to many projects related to games, metaverse, staking, and multiple blockchains
- Math Vault is a CeFi, DeFi, and Staking Aggregator
- Math Giveaway lets you launch a Twitter giveaway, and more
MathWallet is also a great MetaMask alternative.
About the Wallet
Guarda is a non-custodial cryptocurrency wallet that supports some of the most popular coins on the market together with ERC-20 tokens. The first Guarda wallet launched in 2017, and it was primarily used as an Ethereum wallet for Windows.
Today, Guarda offers support for other blockchain-related products. Most blockchains are supported on all devices through this wallet, as Guarda is available for desktop, mobile, web, and as a Chrome extension.
Besides acting as a wallet, Guardia offers crypto loans, blockchain domains, staking, and many other tools. In addition, Guarda connects with Ledger wallet, which gives you additional security and marks it as one of the best Ethereum wallet apps out there.
Guarda comes with the support for over 50 of the largest blockchains and 400,000 tokens for all leading protocols. Other features of the Guarda wallet include:
- Easy purchase with Visa or MasterCard
- Built-in exchange
- Over 10 coins staking with up to 25% annual gain
- Guarda Visa card
If you want to test out Guarda and all its features, visit the following link and select the version of the Ethereum wallet you want to use.
About the Wallet
KeepKey wallet works with the ShapeShift platform. It’s a hardware wallet where you’ll generate and manage your private keys offline. This will protect you from malware and vulnerabilities. KeepKey also has a large display that’s straightforward to use.
Additionally, each transaction must be manually approved, which gives you more control over your funds and makes KeepKey one of the best Ethereum wallets in 2022.
ShapeShift integration also allows for a quick crypto exchange directly from the wallet. Still, KeepKey is a web-based interface within the ShapeShift platform, which might make it less suitable for novices in the cryptocurrency industry.
KeepKey recently announced that its Chrome app was deactivated due to scammers, so remember to never download KeepKey extensions.
KeepKey has the following features:
- PIN protection
- Additional passphrase protection
- Customizable transaction speeds
- Unlimited wallet addresses on one device
Besides being on our list of top Ethereum wallets, KeepKey is also highly affordable and costs only $49.
About the Wallet
Atomic is a decentralized cryptocurrency wallet that offers simplicity, safety, and a convenient user interface. Currently, it supports multiple assets on an anonymous exchange together with cash back rewards for each swap.
The Atomic wallet also lets you stake a wide array of coins and tokens and earn rewards weekly, monthly, or annually. The vision of the team behind Atomic is to create a healthy multifunctional ecosystem that will boost crypto mass adoption.
Over three million people use Atomic globally. There are 13 nodes, 13 staking assets, and 200,000 AWC holders out there. This makes Atomic one of the best non-custodial wallets and a great option to select if you’re wondering where to store Ethereum.
The main features of Atomic are:
- Encrypted keys on your devices
- No verification or KYC for basic wallet features
- 24/7 live support
- Crypto purchases with credit cards
- Crypto loans
- Atomic debit card
- Hardware wallet integration
- DeFi services integration
Atomic is available for Windows, Mac, Ubuntu, Debian, Fedora, Android, and iOS. To download your preferred version, visit this page.
About the Wallet
Trust could be the best Ethereum wallet app for Android and iOS, Reddit users claim. It has over 10 million users, and it’s known as another one of the industry’s safest and most trusted wallets.
Trust Wallet gives you access to over one million assets. You can also stake the coins listed on the official website and earn up to 11% APR.
There are also NFT marketplaces on this app, as Trust Wallet lets you keep ERC721 and ERC1155 crypto NFTs and game assets.
What’s more, Trust Wallet has a fully-functional Web3 browser that can interact with multiple DApps on Binance Smart Chain or the Ethereum network. The Web3 browser is also fully optimized for mobile devices.
These features are the reason Trust Wallet is on our list of the best Ethereum wallet apps:
- Fast crypto purchase
- Crypto exchange within the app
- Staking and earning interest
- NFT marketplace
- Prices tracker
- High level of security
Trust Wallet is available for iOS and Android. To download the right app, visit the official website.
Ledger Nano S
About the Wallet
Ledger Nano S is known as the world’s most popular hardware wallet. What’s more, it’s proclaimed as one of the best Ethereum wallet storages on Reddit in 2022. It’s a USB stick that you use to store your crypto. It connects to a Ledger Live app that helps you manage your funds.
Ledger Nano S keeps your Ethereum and other coins offline. You can install up to three applications on the device, depending on the memory size. Additionally, every transaction you make will be confirmed on your hardware wallet, which is one of the safest ways to manage crypto.
The following features make Ledger Nano S a great Ethereum desktop wallet:
- Competitive rates for crypto swap
- Lending/borrowing crypto via DeFi
- Banxa fast crypto purchases
- Turning crypto into vouchers/gift cards
In addition, a crypto Visa card is coming soon and will be powered by Ledger and compatible with the wallet.
To purchase Ledger Nano S, visit this page. After your device arrives, download the Ledger Live app to connect it. Keep in mind that Ledger is compatible with Windows 8.1+, Mac 10.14+, and Android 7+ smartphones.
Many wallets on the market support Ethereum; they’re also free to download and highly secure. However, the best Ethereum wallet should also support platforms and features specific to the Ethereum blockchain. For example, you should at least have access to some NFT marketplaces, support for various ERC tokens, and DeFi.
Only wallets that let you explore everything Ethereum has to offer will provide the ultimate experience of the ETH blockchain and decentralized apps. Additionally, some wallets support the Binance Smart Chain, which gives you more freedom to explore the crypto world.
Ethereum wallets let you interact with the Ethereum blockchain network and your investments on the ETH address. Just like other crypto wallets, a wallet for Ethereum lets you read your balance, manage Ethereum and its tokens, and send/receive ETH. With the right Ethereum wallet, you can also access NFTs and various decentralized apps on the network.
One of the famous Ethereum wallets is MyEtherWallet. While you might have thought that this wallet belongs to Ethereum, the MEW wallet is just an open-source software that lets you manage ETH DApps and features.
Every transaction with cryptocurrencies takes some time to finish. When it comes to transactions on the Ethereum network, you should set the right amount of gas necessary for the transaction. Think of gas as the fee for the transaction.
The latest data shows that it takes about 50 confirmations on the blockchain to finalize the transaction. This process might last from about five minutes to four hours, depending on whether your transaction is included in the following block.
Once you download a wallet for Ethereum, you’ll have to store all the valuable information it shows. This will help you get back into the wallet later on. Launch the wallet application and connect it to a hardware wallet if that’s the one you’re using.
If you’re using the software wallet, you can immediately send or receive ETH. If you wish to add ERC-20 tokens to the list of assets you own, you’ll have to use a contact address, token name, symbol, and decimal. All the tokens are listed on Etherscan, which is free to access.
Selecting the right wallet for Ethereum depends on what you wish to do on the blockchain. If you want a simple interface, you should go with MetaMask. It’s available for multiple devices and as a Chrome extension.
If you need something more, MyEtherWallet will also give you access to Binance Smart Chain, DApps, and NFT marketplaces, making it one of the best Ethereum wallet programs to use. Regarding hardware wallets, Ledger Nano S or Trezor are a good choice.