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Ethereum is the second most popular cryptocurrency, after Bitcoin. With its popularity and looks of a promising future, Ethereum has gathered the attention of crypto investors. If you’re looking to invest in Ethereum, an important thing to have is a suitable wallet. In this article, we’ll be looking at the top 10 best Ethereum wallets in 2022.
What is Ethereum?
Ethereum is a blockchain platform created in 2015. Ether is the cryptocurrency of the platform.
Ethereum is designed with a different blockchain platform and focuses on smart contracts, transfer of property and dApp production.
The dApps created on the Ethereum blockchain use Ether tokens that come from the chain. While Ether tokens can also be used as a currency, their main focus is to power dApp creation.
What are Ethereum Wallets?
According to Ethereum.org, Ethereum wallets are applications that let you interact with your Ethereum account. Think of it like an internet banking app- without the bank.
Your wallet lets you read your balance, send transactions and connect to applications.
You need a wallet to send funds and manage your ETH. More on ETH.
Your wallet is only a tool for managing your Ethereum account. That means you can swap wallet providers at any time. Many wallets also let you manage several Ethereum accounts from one application.
That’s because wallets don’t have custody of your funds, you do. They’re just a tool for managing what’s really yours.
The Top 10 Best Ethereum Wallets in 2022
Breet is an OTC crypto trading app that allows users to receive crypto, convert it to cash and withdraw it to their local bank account within minutes.
It is perfect for the ideal user to simply want to sell Ethereum in Africa and convert it to cash without worrying about cryptocurrency volatility.
It is 100% free as it has no deposit fee, withdrawal fee or any other hidden fees and it has no withdrawal limit. Their customer service is available 24/7 at firstname.lastname@example.org and calls/WhatsApp 08090569499
It also supports other cryptocurrencies such as; Bitcoin, Litecoin, Dogecoin and Bitcoin Cash.
It is available in both Nigeria and Ghana at the moment.
This is the most widely used Ethereum wallet which was initially available as a browser extension, and now also has a mobile app.
Once it’s installed, it allows users to store Ether and other ERC-20 tokens, enabling them to make transactions to any Ethereum address.
3. Ledger Nano X:
is an advanced ethereum (ETH) hardware wallet that supports Ethereum and all tokens of the Ethereum blockchain. Ledger-Ethereum integration is currently available via MyEtherwallet, making it easier for you to manage coins.
The Ledger Nano X currently costs 67,965.97 NGN (VAT and duty not included)
4. Trezor Model T:
This is a cryptocurrency hardware wallet that stores funds offline on a USB flash drive.
Trezor was the first hardware wallet developed for Bitcoin. However, now Trezor can be used for Ethereum as well through the MyEtherWallet web interface. It also stores Ether offline on a secure electronic chip that is activated only when you log in with your password.
It costs 249 EUR with a shipping price of 24 EUR to Nigeria.
This is a custody-free multiplatform cryptocurrency wallet with a user-friendly interface designed to store, manage, buy, exchange, and stake cryptocurrencies. Guarda currently supports over 50 major blockchains and thousands of tokens.
It is available for desktop, mobile, and web interface.
While setting up a Guarda wallet, you remain the only one to control your private key. This way, you are in complete control of your Ethereum and other coins. No personal information is required to use Guarda wallet, which has become a De facto standard among all top Ethereum wallets.
While you can create an account, download the app and use it completely free, you will need to pay a 3.5% fee when using the built-in exchange service.
Exodus supports many cryptocurrencies, and Exodus users have access to customer support and crypto trading through the built-in ShapeShift exchange. Unfortunately, Exodus has no 2FA security measures in place.
This ETH wallet is available on both mobile and web.
7. Atomic Wallet:
This wallet enables you to store, exchange, and buy ETH with a bank card. In the future, Ethereum will be available for swapping with Atomic Swaps – a fully decentralized way for exchanging cryptos without involving intermediaries.
Atomic Wallet supports over 300 cryptocurrencies and offers an interface for all ERC20 tokens. You can typically input a contact address and have the custom coin in your Atomic Wallet. The wallet encrypts your private keys on your device, giving you full access and control over your funds.
Atomic Wallet is available almost for any desktop operating system and all Android and iOS devices.
This is one of the easiest wallets to use. Argent is a non-custodial smart wallet for ETH, available on mobile and web. It does not let you store the private key. The wallet is configured using your Email address and mobile number and can be recovered using the same.
The unique feature about this wallet is integration with compound.finance, which lets you lend Ethereum and accumulate interest. The wallet also has a dAPP browser.
Jaxx is a multi-asset wallet created by the Canada-based company, Decentral. It supports 13 cryptocurrencies (including ETH). On Jaxx, private keys never leave the device. Its features like seed keys enable you to restore your funds when necessary.
It is available on mobile only.
With this wallet, funds are stored on a user’s computer rather than on a server, making this one of the more secure non-custodial solutions.
It is an open-source wallet with no third-party servers wherein you can also write and access smart contracts.
It also offers support for hardware wallets like Trezor and Ledger.
All these Ethereum wallets mentioned above all have their pros and cons. To choose one suitable for you, it depends on your preferences and needs.