11 Best Ethereum Wallets for 2024

In this article, we explore the best Ethereum wallets available to help you pick the right one. Ethereum, being a major player in the cryptocurrency market, requires a secure and efficient wallet for effective management and transactions.

Our review covers various wallets, focusing on their security features, ease of use, and compatibility with different devices. Whether you’re a seasoned investor or new to the Ethereum world, this guide is tailored to help you find a wallet that suits your needs and preferences.

Ethereum Wallets List Reviewed

The best ETH wallets in the market offer a good balance of security, convenience, and functionality.

After analyzing many providers, we found that the top Ethereum wallets to consider right now are those discussed below:

1. Best Wallet — Best Crypto Wallet for Ethereum

According to our team, Best Wallet is the best Ethereum wallet. It’s non-custodial and focuses on ease of use and security. It’s arguably the best Ethereum wallet for Android and iOS devices, while a desktop version is also underway to cater to a broader audience.

It supports numerous blockchains, including Ethereum Mainnet, Polygon Mainnet, and BSC Mainnet, with plans for further expansion.

Best Wallet uses advanced cryptographic methods, two-factor authentication, and biometric identification, emphasizing robust security. This multi-layered approach ensures that users’ digital assets are safe.

Apart from asset storage, Best Wallet allows buying cryptos using fiat through a third-party app — Wert. It also comes with a built-in DEX, allowing the seamless trading of thousands of different tokens directly within the app.

The wallet is designed to support non-fungible tokens (NFTs), and future updates plan to include features for viewing, managing, trading, and selling NFTs.

The $BEST token, integral to the Best Wallet ecosystem, offers its holders various perks. These include early access to token presales, staking rewards, and zero gas fees during transfers.

The wallet’s roadmap is user-focused, with upcoming additions like biometric security, in-app swaps, a comprehensive crypto news feed, and NFT functionalities to make the platform more comprehensive and user-ready.

For the latest information, you can follow Best Wallet on X (previously Twitter) and join the Best Wallet Telegram channel.

2. Exodus — Best ETH Wallet for Beginners

Exodus is the best ETH wallet for beginners. It supports 300+ cryptocurrencies and 50+ networks, in addition to Ethereum. This is also the most secure Ethereum wallet because it’s integrated with Trezor’s hardware wallet. It keeps its users’ private keys offline and utilizes additional security options, such as PIN protection, biometric authentication, and 2FA. In addition to that, Exodus supports privacy coins like Monero ZCash, which makes it a very flexible wallet.

Traders can use its built-in swap option to trade ETH on 16 networks, such as BSC, OP, ARB1, and base. They can also earn passive income by staking Ethereum for a minimum of 0.1 ETH. Exodus can be connected to Lido, which means that ETH holders can keep 90% of staking rewards.

This non-custodial Web 3 wallet has an intuitive interface. Its setup process is straightforward, and there is no need for KYC verification. Its dashboard includes a balance overview, real-time market data, and price alerts.

Exodus is also available on desktop and mobile devices, and it regularly adds new features and updates.

3. Margex Wallet —  Best Multi-Collateral Wallet to Trade ETH

Margex is a CEX with 500,000 registered users and 180,000 daily traders. This platform specializes in perpetual futures and is suitable for beginners and experienced traders.

With that in mind, if you’re looking for crypto wallets for ethereum that will allow you to use your tokens as collateral, you should add Margex’s multi-collateral wallet to your list. You can use this wallet to trade ETH and other altcoins without owning the underlying assets of your trading pairs. I.e., Margex will allow you to make settlements with your chosen collateral. You’ll also be able to use different collateral types to manage your positions.

Its other notable features include leverage trading (up to 100x) and copy trading. You can earn an APY of 4.7% by staking ETH. Keep in mind that Margex supports only basic order types. This platform is also not available in the US.

4. Zengo — Safest Non-Custodial Wallet for Ethereum

Next on our best Ethereum wallets list, we have Zengo, a non-custodial wallet that supports over 120 digital coins, as well as ERC-20 tokens, like Axie Infinity and Chainlink, and Ethereum NFTs.

In addition, Zengo uses MPC technology, which makes it the safest Ethereum wallet. MPC enables the creation of a key management system that won’t have a single point of failure, making MPC wallets resistant to private key theft. MPC wallets are also chain-agnostic, i.e., they work with multiple blockchains. Its other security features include facial recognition software and 3FA recovery.

Zengo users can buy and sell ETH using credit cards, SEPA, Apple Pay, Google Pay, and MoonPay. They can also stake ETH and earn up to 8% p/a. There are no lock-up periods, and the yield is automatically reinvested.

This platform is available in over 188 regions and has over one million customers. It’s suitable for both beginners and advanced traders. The Zengo Pro subscription utilizes advanced self-custody tools. Zengo Pro users can use the Legacy Transfer feature to transfer their ownership and the Theft Protection feature to customize their biometric confirmation.

5. BloFin Wallet — Best Wallet to Stake ETH

BloFin is a crypto exchange known for its cutting-edge security measures. On that note, this platform uses AI-powered algorithms, Merkle Tree proof of reserves, and Fireblocks insurance. BloFin has a reliable ethereum wallet that allows you to trade 230 pairs and earn rewards using locked and flexible options. For example, you can stake ETH for 360 days to earn a 4% APY. You can also try your luck with spot, futures, and copy trading.

BloFin’s wallet has a user-friendly interface, it uses third-party custody solutions, and it stores your funds offline. The wallet is compatible with Android and iOS devices. In addition to that, your funds will be segregated, which means that no one will be able to use them without your consent, even if the crypto wallet goes out of business.

6. Ledger Stax — Best Custom-Built Wallet Software

If you’re looking for the best ethereum wallet software, opt for Ledger Stax. This premium hardware wallet has a unique design. It incorporates a curved e-ink touchscreen that reflects light like printed paper. It also has a customizable display. Besides ETH, Ledger Stax supports 5,500+ tokens and multi-blockchain NFTs. It’s also compatible with 50+ wallets.

Ledger Stax has an in-build battery that lasts up to 10 hours. I.e., you can conduct about 150 transactions on a single charge. Plus, it comes with a wireless Qi charging station. This hardware wallet is CC EAL6+ certified, and it uses the ST33K1M5 secure element chip. You can additionally protect your funds by using a 4–8 digit PIN and creating a 24-word secret recovery phrase.

Ledger Stax has an intuitive design and a large touchscreen, and it uses a custom Blockchain Open Ledger Operating System. This operating system is used by all Ledger’s devices.

7. Cypherock X1 — Best Desktop App

Cypherock X1 is a hardware wallet that supports 1000+ assets. This is also the first hardware wallet that doesn’t require a seed phrase backup. Instead, it uses the Shamir Secret Sharing to divide your private keys into five cryptographic parts. This means that you’ll have access to your funds even if you lose three parts. These parts will also be stored on 5 different tamper-proof hardware, so Cypherock won’t have control over them. However, you’ll still be able to access your seed phrase and back it up. In addition, Cypherock’s vault is fully open source and audited by KeyLabs. 

Cypherock X1 is the best ETH desktop wallet that allows you to set up and manage four different wallets, both cold and hot. This will enable you to manage multiple crypto portfolios through its desktop app, which will soon be available for Android and iOS devices. Moreover, you can use Wallet Connect to interact with DeFi and dApps. However, this wallet is not compatible with MetaMask.  

Use the promo code “coldwallet” to get 17% off your purchase

8. Ellipal — Best Hardware Wallet for Storing ETH

Ellipal was featured on Forbes’s top Ethereum wallets list twice due to its security aspects and a large number of supported coins. That said, Ellipal is one of the best crypto cold wallets that use air-gapped security. This means that instead of connecting to the Internet, Ellipal uses a QR code scanning camera to conduct transactions. It also uses dual-layer defense, anti-disassembly, and anti-tamper technology.

Moreover, Ellipal is one of the few hardware wallets that have CC EAL5+ certification, which means that it has passed the highest level of security.

Ellipal supports 41 blockchains and 10,000+ tokens, and it can be connected to over 50 NFT marketplaces. It has a beginner-friendly interface and it features a touchscreen. Traders can sync their cold wallet with Ellipal’s native app to access dApps and buy ETH via third-party providers. They can also connect their wallet to DeFi apps, such as Uniswap, to swap ETH. What’s best, the app can be used as a hot wallet. This means that its users will be able to trade ETH directly from the app.

9. Trezor — Highly Secure Hardware Ethereum Wallet

Like Ledger, Trezor is another leading company that designs and manufactures hardware Ethereum wallets. It supports over 1,000 digital assets, including Ethereum, Bitcoin, and other altcoins. Trezor offers two different models of Ethereum Bitcoin wallets.

The latest version lets users set the PIN and recovery phrase directly on the device. It also integrates additional security features such as U2F authentication, Shamir backup, a password manager, and more. In addition, the Trezor model T supports a micro SD card to encrypt the device’s PIN.

To access Ethereum, users can utilize the Trezor Suite app, which is available in desktop and web versions. Users can buy and exchange Ethereum and other digital currencies securely. As with Ledger, Trezor can also be connected to other software wallets such as MetaMask and Exodus.

It’s also compatible with Zeus, Cryptotag’s latest backup solution. Zeus allows traders to record their recovery seed words on a titanium seed recovery plate.

Trezor has partnered with over 12 crypto exchanges to facilitate crypto investments; as such, the fees for buying Ethereum depend on the chosen service provider. Additionally, the Trezor Model T is costlier compared to the Ledger Nano X. It also lacks Bluetooth support, making it slightly less inconvenient.

10. Ledger — Reputable Hardware Ethereum Wallet With the Best App

What wallet do I need for Ethereum? The one that offers the best app, such as Ledger. Ledger is one of the leading names in the crypto hardware wallet industry. This non-custodial cold wallet supports 5,500 coins and is compatible with Android, iOS, Windows, macOS, and Linux devices. Traders can use the Ledger Live app to manage their portfolio, trade and swap ETH, and access dApps and NFT marketplaces.

Unlike standard apps, the Ledger Live app keeps users’ data on their phones. This means that they won’t be required to sign in every time they use the app. The app is user-friendly and can be connected to the wallet via a USB cable.

Traders can use the app to buy ETH using multiple payment options, from credit/debit cards to bank transfers, Paypal, Ramp, and MoonPay. They can also earn passive income by staking their coins. For example, users who stake ETH with Kiln will earn an APY of up to 7%, while staking ETH on Lido offers an APY of 4%.

Ledger wallets can also be combined with Cryptotag, a seed phase storage. Cryptotag enables traders to store their recovery phrases on a 6mm-thick bulletproof titanium storage, making Ledger one of the most secure ETH wallets.

11. Binance Wallet — Best ETH Wallet for Active Traders

Binance Wallet is a native wallet of one of the most popular crypto exchanges, Binance. This non-custodial Web 3 wallet supports over 350 digital coins, yield farming, savings accounts, and dual investments, making it one of the best ETH wallets for active traders. Traders can also use it to access DeFI, CeFi, and Web 3 apps and connect to the Binance exchange and the best decentralized exchanges, like Uniswap and PancakeSwap.

Binance wallet is powered by MPC, and it has built-in risk tools, such as security alerts, wrong address protection, and malicious contract detection. In addition to that, the Binance Bridge option will enable traders to bridge listed and unlisted tokens from ETH to BNB Smart Chain.

And finally, Binance is the best wallet for Ethereum stakers because it enables its holders to earn daily rewards in the form of WBETH. The staking option has a flexible exit policy, while stakeholders can earn an APR of up to 2.84%. Direct staking via the Ethereum network requires a minimum of 32 ETH.

How Do Ethereum Wallets Work?

Ethereum wallets are described as applications that can hold ETH tokens. However, technically, digital currencies such as Ethereum are not ‘stored’ in a wallet. Instead, they are always held on the blockchain.

Ethereum wallets connect directly to these blockchain nodes and provide information about the ETH tokens.

Anyone who holds public keys to an Ethereum wallet can send assets to that address. However, to send or swap Ethereum on the address, users will need access to the private keys.

This is why it is important to make sure that the private keys to the wallet are always safe.

Why You Need an Ethereum Wallet

The Ethereum ecosystem is growing rapidly. It has enabled the building of decentralized applications in various sectors, including finance, gaming, collectibles, and more.

Given this popularity, more and more individuals are looking to invest in this digital asset.

However, it is important to consider how ETH tokens need to be stored before purchasing them. For instance, when buying Ethereum from a regulated broker, users need not concern themselves about choosing an ETH wallet app. Instead, this secure platform will add the Ethereum tokens directly to the user’s brokerage account.

That said, if individuals are using an unregulated crypto exchange, they should store ETH tokens in one of the most secure Ethereum wallets, like Best Wallet.

Depending on personal requirements, one can choose between hardware and software wallets for this purpose. We cover the different types of ETH wallets in detail further down this guide.

What Makes a Perfect Ethereum Wallet?

First, the perfect ETH wallet should support ERC-20 tokens. Second, a good Ethereum wallet should be compatible with smart contracts and dApps. Some ETH wallets have built-in browsers compatible with decentralized applications, like Uniswap. This means that users will have direct access to dApps through their wallets.

Another factor that makes a perfect ETH wallet is the ability to connect to credit/debit cards. Moreover, the best Ethereum wallet app should allow users to store NFTs.

The perfect ETH wallet should also offer advanced features for more experienced users. These can include the ability to interact with smart contracts and run Ethereum nodes.

Likewise, a good ETH wallet should use biometric recognition in addition to standard security features, like 2FA and secure chips and PIN codes.

Finally, the best ETH hot wallet should be backed by a reputable exchange. On the other hand, the best Ethereum hardware wallet should come with titanium seed phrase storage.

How to Choose the Best Ethereum Wallet for You

Finding the best Ethereum wallet can be tedious, given the number of choices out there.

To choose the right provider from our Ethereum wallet list, we suggest that you consider the following parameters.

Security

When choosing the best Ethereum wallet, it is necessary to consider the provider’s reputation. After all, if a wallet provider has established an established name for itself, this should indicate that it offers a secure yet reliable service.

Type of Wallet

Earlier in the guide, we discussed the different types of Ethereum wallets available.

One common mistake made by beginners is not understanding how different types of wallets function, especially when choosing software storage for Ethereum.

For instance, when using a non-custodial software wallet such as Coinbase and MetaMask, one should take utmost care about the recovery phase – which will be displayed when setting up the wallet.

Supported Coins

Ethereum wallets are designed to hold ETH tokens. However, the best wallets are compatible with other networks, allowing users to store alternative digital currencies.

Mobile Experience

The ease of using an Ethereum wallet app should also be considered. While a hardware Ethereum wallet can be highly secure, it is also less convenient than its software counterpart.

And among software Ethereum wallets, the user experience varies vastly from one provider to another.

Which Wallet Is Best for ERC-20 Coins?

In our opinion, Ellipal is the best ETH cold wallet for ERC-20 coins. It supports 1000+ ERC-20 tokens, such as ANT, ZRX, ENJ, KICK, Oracle, and PAX. Moreover, this is an Air-Gapped cold wallet that’s CC EAL5+ Certified. Plus, Ellipal is compatible with dApps

When it comes to non-custodial wallets, this title belongs to the Best Wallet. This multi-chain wallet uses advanced security measures, such as biometric identification, and it has an in-built DEX. Moreover, the Best Wallet has a native token, $BEST, which brings its holders many benefits, such as zero fees and early access to token presales.

How to Get an Ethereum Wallet 

Now that we have covered the basics, let’s get into the details of how to get an Ethereum wallet.

This section includes a step-by-step guide for setting up an Ethereum wallet with one of the best crypto exchanges, Best Wallet.

Step 1 — Get the App

Navigate to the Play Store on Android or the App Store on iOS. Search for “Best Wallet” and click the ‘download’ button. You can get the app for free.

Step 2 — Create an Account

After installing the app, open it to start setting it up. To sign up, you have two choices:

• Type in an email address.
• ‘Continue with Apple/Google’ lets you link an email to your computer and have it filled in automatically.

Step 3 — Take Steps to Protect Your Account

After you register, you’ll be asked to make your account safer. Setting up Two-Factor Authentication (2FA) is strongly suggested but not required. Every time you log in, this will send a six-digit code to your phone. Also, you have to set a four-digit PIN. For more ease, you can also use your fingerprint to log in.

Step 4 — Explore the Features

After making sure the account is safe, you can use the app as you please:

• Token Updates: Find out about new and popular digital tokens.
• Decentralized Trading: You can trade different cryptos on the built-in DEX app.
• Third-Party Purchases: You can get coins through the app using other apps.

Conclusion

Our guide has compared the best Ethereum wallets — in terms of security, supported coins, convenience, features, and more.

To get started with the best Ethereum app today, visit Best Wallet and sign up as a user. This platform offers unique features like NFT and DEX integration alongside exclusive market insights on upcoming tokens.

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